Contract manufacturer Aequs, a prominent player in India’s precision manufacturing sector, has successfully raised Rs 448 crore (approximately $54 million) in a fresh round of equity funding. This significant development was made possible through the leadership of Singapore-based Amansa Capital and saw participation from five new investors. Among these new investors, prominent names include Catamaran Ventures, a part of Infosys founder N. R. Narayana Murthy’s family office, and Steadview Capital. The investor group also welcomed Sparta Group, the investment office of Desh Deshpande, and another individual investor, collectively supporting Aequs’s strategic growth initiatives.
Aequs’s Growth Capital and Ambitious Plans
The injection of Rs 448 crore in growth capital presents a pivotal moment for Aequs. The company is poised to launch an Advanced Technology Products (ATP) vertical, dedicated to the manufacture of high-precision components designed for global consumer electronics companies. This strategic move underscores Aequs’s commitment to expanding its footprint in high-value manufacturing and advanced technology sectors.
Aequs’s Unrivaled Position
Aequs has earned its distinction as India’s largest aerospace precision components manufacturer. Remarkably, nearly 100% of its revenue is derived from exports. The company specializes in providing precision components and assemblies to aerospace industry giants such as Airbus, Boeing, Bombardier, Safran, Collins, Spirit, Eaton, and Honeywell.
The Leadership’s Perspective
Aravind Melligeri, Chairman & CEO of Aequs, expressed his enthusiasm for the company’s partnership with these accomplished investors. He underlined the importance of investors with a profound understanding of the Indian capital markets, which is expected to bring immense value to Aequs. Furthermore, these strategic collaborations are poised to unlock new and emerging opportunities.
Aequs’s Journey of Success
Aequs’s journey toward securing Rs 448 crore in equity funding marks a significant milestone. This comes on the heels of Amicus Capital leading the first round of investment worth Rs 225 crore in April 2023. The total funds raised by Aequs have now reached an impressive Rs 673 crore. The company’s reach extends across 12 aerospace-focused fully owned and joint venture units located in Belagavi, the United States (Paris, Texas), and France (Cholet). Additionally, Aequs operates five more units across Karnataka’s Koppal and Hubballi cities, further diversifying its business interests.
In-Depth Look at Aequs’s Equity Funding Success:
An Exciting Milestone for Aequs: Aequs, a pioneering name in India’s contract manufacturing sector, recently achieved a significant milestone. The company successfully secured an impressive sum of Rs 448 crore in equity funding. This remarkable achievement demonstrates Aequs’s growing prominence in precision manufacturing and its ambitious plans for future growth.
Leadership by Amansa Capital: The equity funding round was effectively led by Singapore-based Amansa Capital, a renowned name in the world of investment. Under their stewardship, Aequs managed to attract additional support from five new investors who share the vision of driving Aequs’s growth to new heights.
Prominent New Investors: Among the new investors are some prominent names in the financial and business landscape. Catamaran Ventures, associated with Infosys founder N. R. Narayana Murthy’s family office, and Steadview Capital are noteworthy additions to Aequs’s investor group. These investors bring a wealth of experience and insight to the table. The investor group also includes Sparta Group, an investment office associated with Desh Deshpande, and another individual investor who are poised to play a pivotal role in Aequs’s journey ahead.
Vision for the Future: The infusion of Rs 448 crore in growth capital is a testament to Aequs’s vision for the future. The company is set to launch an Advanced Technology Products (ATP) vertical, which will be dedicated to the precision manufacturing of high-precision components. These components are strategically designed to cater to the needs of global consumer electronics companies. Aequs’s pursuit of advanced technology and high-value manufacturing positions it at the forefront of India’s precision manufacturing industry.
Aequs’s Unmatched Position in Aerospace Precision Components: Aequs has rightfully earned the title of India’s largest aerospace precision components manufacturer. What sets Aequs apart is that approximately 100% of its revenue comes from international markets. The company specializes in supplying precision components and assemblies to some of the most prominent names in the aerospace industry, including Airbus, Boeing, Bombardier, Safran, Collins, Spirit, Eaton, and Honeywell. This distinction cements Aequs’s role as a key player in India’s precision manufacturing landscape.
Aequs’s Visionary Leader: Aravind Melligeri, Chairman & CEO of Aequs, expressed his enthusiasm regarding the new wave of investment