Aerospace producer JJG Aero raises $30M in Collection B spherical from Norwest

Bengaluru-based aerospace parts producer JJG Aero has raised $30 million in Collection B funding from Norwest. Veda Company Advisors acted as the only real transaction advisor on the deal.

The corporate mentioned the freshly raised funds will help the development and capability addition at its upcoming facility in North Bangalore, drive vertical integration, and fund different strategic initiatives.

“We’re thrilled to spend money on JJG Aero, our first funding on this phase. JJG Aero has demonstrated exceptional progress, with a CAGR of 35% over the past three years. This funding will allow JJG Aero not solely to proceed its progress trajectory by way of capability addition but in addition to improve the standard of earnings by specializing in greater value-added parts,” mentioned Shiv Chaudhary, Managing Director at Norwest.

Based in 2008, JJG Aero specialises in manufacturing high-precision machined parts with in-house particular course of ending capabilities for the plane methods and engines phase. The corporate additionally operates a subsidiary serving auto element and industrial segments.

JJG Aero’s shopper base contains the likes of American and European OEMs, and Tier-I distributors corresponding to Collins Aerospace, Safran, GE Aerospace, Pratt & Whitney, Woodward, and Liebherr.

This funding spherical brings JJG Aero’s complete capital raised to $42 million, following its $12 million Collection A spherical led by CX Companions in April 2024.

“The final 5 years have witnessed exponential progress for corporations corresponding to ours that possess the capabilities, processes, compliance requirements, and buyer relationships to satisfy world aerospace demand. The chance is immense. From having two small one-acre websites, we at the moment are constructing a large Unit 3 on a 10-acre website with additional back and forth integration, and house to broaden into adjacencies on the opportune time,” mentioned Anuj Jhunjhunwala, CEO of JJG Aero.

“The aerospace provide chain is going through an all-time excessive demand from plane producers, which legacy distributors within the Western world are struggling to satisfy. With our strengths and worth proposition, we see ourselves as a key participant for precision-machined parts within the aerospace ecosystem. India has emerged as a horny vacation spot for sourcing parts and elements by world leaders, and we’re excited to be chosen by so many marquee shoppers as a strategic progress vendor,” he added.

The corporate affords manufacturing companies starting from easy 2-axis to complicated 5-axis machining, complemented by over 30 NADCAP-approved particular processes, together with electroplating, anodising, paint, and NDT. JJG Aero additionally performs mechanical assemblies, testing, and different value-added companies.

“Indian companies have a confirmed capability to offer high-quality services as an outsourcing associate to prospects all over the world. With sturdy business tailwinds, we consider that aero-parts and element manufacturing is rising as an vital phase in India’s manufacturing outsourcing story. We consider JJG Aero is well-positioned to capitalise on these alternatives and additional solidify its presence available in the market,” Chaudhary added.