JJG Aero Takes Flight with US$12 Million Funding Boost

JJG Aero Pvt Ltd, headquartered in Bengaluru and specializing in aerospace component manufacturing, has secured a substantial US$12 million (INR 100 crore) in its first funding round from CX Partners. The infusion of capital will fuel the expansion of manufacturing capabilities at its new facility, bolster vertical integration efforts, and support various corporate initiatives.

Established in 2008, JJG Aero is renowned for its expertise in producing high-precision machined components according to client specifications, along with in-house special process finishing capabilities. While the company primarily serves the commercial aerospace sector, its versatile capabilities also cater to clients in the automotive and industrial segments. Notable customers include prominent American and European OEMs and Tier-1 vendors.

Anuj Jhunjhunwala, CEO of JJG Aero, expressed confidence in the company’s trajectory, stating, “With our solid foundation of capabilities, processes, and customer relationships, we are poised for rapid growth.” He emphasized the increasing demand for aerospace components, presenting significant opportunities for Indian manufacturers amid global supply chain challenges.

Vivek Chhachhi, Managing Partner at CX Partners, hailed JJG Aero’s impressive growth track record, citing a 35 percent CAGR over the last three years. He highlighted the investment’s dual purpose of expanding capacity and enhancing the quality of offerings, underscoring the potential of Indian businesses in the aerospace manufacturing outsourcing landscape.

JJG Aero’s comprehensive services range from 2-axis to 5-axis machining, complemented by over 30 NADCAP-approved special processes. With three fully integrated manufacturing facilities in Karnataka and plans for an additional aerospace-focused facility, the company is poised to strengthen its position in the market. Veda Corporate Advisors facilitated the funding transaction as the sole advisor.

Original source MMI