Singapore's Amansa Capital Leads Rs 448 Crore Funding for Aequs

31 Oct, 2023

Singapore's Amansa Capital Leads Rs 448 Crore Funding for Aequs

Aequs has long been committed to advancing the growth of Indian manufacturing, with a particular focus on maximizing the value added within the country for the products it manufactures across various industry sectors. This dedication spans over 15 years and encompasses diverse industry verticals in which Aequs operates. According to Aravind Melligeri, the Chairman and CEO of Aequs, these partnerships will not only strengthen their foothold in Indian manufacturing but also allow them to capitalize on emerging opportunities arising from the realignment of global supply chains and their relocation to India.

As the largest manufacturer of aerospace precision components in India, Aequs currently generates nearly 100% of its revenue from exports. The company has established an integrated manufacturing ecosystem, centered on aerospace, spanning from forgings to assembly. This ecosystem is located within India's inaugural Aerospace Special Economic Zone situated in Belagavi, Karnataka. Aequs also manages the largest aerospace machining capacity in India, amounting to over 1.2 million machining hours annually at this facility. In addition to the 12 aerospace-focused units, including fully owned and joint-venture entities, in Belagavi, the United States (Paris, Texas), and France (Cholet), Aequs has an additional five operational units in Karnataka's Koppal and Hubballi cities that cater to non-aerospace industries.

Over the years, Aequs has made substantial investments in constructing manufacturing infrastructure and expanding capabilities across various industry sectors. The company is well-positioned to capitalize on the growing interest from global customers in Indian manufacturing, given its proven track record in precision engineering and its extensive on-ground capacities.

Ambit Private Ltd served as the exclusive investment banker for this transaction.