In a significant boost to its expansion ambitions, Aequs Private Limited, a leader in precision manufacturing, has successfully secured $54 million (approximately Rs 448 crore) in a new equity investment round. This financial infusion was led by the Singapore-headquartered Amansa Capital, introducing a quintet of new investors into Aequs’s fold. Established in 2006, Aequs has cultivated a diversified contract manufacturing portfolio, specialising in the Aerospace, Toys, and Consumer Durable Goods sectors.
Joining Amanda in this financial venture are prominent entities, including the esteemed global investor Steadview Capital, Catamaran – helmed by Infosys pioneer N R Narayana Murthy, the investment firm Sparta Group LLC associated with Desh Deshpande, along with a select group of private investors. This round follows a prior investment of Rs 225 crore in April 2023, primarily from Amicus Capital, who remains an active participant through its affiliates in this current injection of funds.
The capital raised is earmarked for the inauguration of Aequs’s Advanced Technology Products (ATP) division, which aims to manufacture high-precision components for globally acclaimed consumer electronics brands. As India’s premier Aerospace precision components producer, Aequs boasts a robust export-driven revenue stream, supplying intricate components and assemblies to international Aerospace giants like Airbus, Boeing, Bombardier, and several others.
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Strategically headquartered in India’s first Aerospace SEZ in Belagavi, Karnataka, Aequs’s state-of-the-art manufacturing ecosystem encompasses the largest aerospace machining capacity in India, exceeding 1.2 million machining hours annually. With its operational footprint extending from Belagavi to the United States and France, the company is also diversifying with additional units in Karnataka’s Koppal and Hubballi, catering to its burgeoning non-aerospace ventures.
Aravind Melligeri, the Chairman & CEO of Aequs, expressed his confidence in the Indian manufacturing narrative, emphasizing the company’s 15-year dedication to enhancing local value addition in its diverse industrial operations. Melligeri acknowledged the strategic acumen of the new investment partners and underscored their potential to leverage India’s growing prominence as a global manufacturing hub, especially in light of the ongoing realignment of international supply chains.
Aequs’s journey has been characterized by substantial investments in creating top-tier manufacturing infrastructures and capabilities, placing it in an advantageous position to attract global clients seeking Indian precision engineering expertise and extensive manufacturing capacities.
The transaction was exclusively brokered by AMBIT Private Ltd., fortifying Aequs’s standing in the industry and underscoring its commitment to excellence and growth. Aequs prides itself on its comprehensive manufacturing ecosystems, ensuring efficient supply chain management for its international clientele. With a presence in India, France, and the USA, Aequs employs a dedicated workforce of over 4,000 professionals.