Bengaluru-based aerospace components manufacturer JJG Aero has raised USD 30 million in a Series B round led by Norwest. The company has said that the fresh capital will be used largely to build and expand capacity at its upcoming North Bengaluru facility, deepen vertical integration across operations, and fund other strategic initiatives. 

With this round, the company’s total funding now stands at USD 42 million, including a USD 12 million Series A led by CX Partners in April 2024.

Anuj Jhunjhunwala, CEO of JJG Aero, said that the last five years have witnessed exponential growth for companies that possess the capabilities, processes, compliance standards, and customer relationships to meet global aerospace demand. 

“The opportunity is immense. From having two small one-acre sites, we are now building a massive Unit 3 on a 10-acre site with further backward and forward integration, and space to expand into adjacencies at the opportune time. The aerospace supply chain is facing an all-time high demand from aircraft manufacturers, which legacy vendors in the Western world are struggling to meet. With our strengths and value proposition, we see ourselves as a key player for precision-machined components in the aerospace ecosystem. India has emerged as an attractive destination for sourcing components and parts by global leaders, and we are excited to be selected by so many marquee clients as a strategic growth vendor,” said Jhunjhunwala. 

Founded in 2008, JJG Aero focuses on the manufacture of high-precision machined components with in-house special-process finishing capabilities, primarily serving the aircraft systems and engines segment. 

The company also operates a subsidiary that serves the auto components and industrial sectors. Its customer base includes leading American and European OEMs and Tier-1 suppliers, including Collins Aerospace, Safran, GE Aerospace, Pratt & Whitney, Woodward, and Liebherr.

According to JJG Aero, it offers end-to-end manufacturing capabilities ranging from simple 2-axis to complex 5-axis machining, supported by more than 30 NADCAP-approved special processes, including electroplating, anodizing, painting, and non-destructive testing (NDT). In addition, the company undertakes mechanical assemblies, testing, and other value-added services for its global clientele. 

Shiv Chaudhary, Managing Director at Norwest, said that IJJG Aero has demonstrated remarkable growth, with a CAGR of 35 per cent over the last three years. This investment will enable JJG Aero not only to continue its growth trajectory through capacity addition but also to upgrade the quality of earnings by focusing on higher value-added components.  

“Indian businesses have a proven ability to provide high-quality products and services as an outsourcing partner to customers around the world. With strong industry tailwinds, we believe that aero-parts and component manufacturing is emerging as an important segment in India’s manufacturing outsourcing story. We believe JJG Aero is well-positioned to capitalize on these opportunities and further solidify its presence in the market,” said Chaudhary. 

Veda Corporate Advisors served as the sole transaction advisor on the deal.