Aequs Pvt.Ltd, a precision manufacturing company, has successfully secured $54 million (approximately Rs 448 crore) in a fresh round of equity funding. The round was led by Singapore-based Amansa Capital and included participation from five new investors. Steadview Capital, Catamaran (the family office of Infosys Founder N. R. Narayana Murthy), Sparta Group LLC (the investment office of Desh Deshpande), and various individual investors were among the notable new participants. It's worth noting that Amicus Capital, which led an earlier round of Rs 225 crore in April 2023, also participated in this round through its affiliates.

Aequs is a well-known precision manufacturing platform primarily operating in the aerospace sector. The company plans to expand its business by introducing a new vertical called Advanced Technology Products (ATP). The ATP vertical will focus on producing high-precision components for globally renowned consumer electronics companies. As the largest aerospace precision components manufacturer in India, Aequs currently earns almost 100% of its revenue from exports. The company supplies precision components and assemblies to leading global aerospace companies such as Airbus, Boeing, Bombardier, Safran, Collins, Spirit, Eaton, and Honeywell.

Aequs has created a highly acclaimed aerospace manufacturing ecosystem that focuses on forgings-to-assembly and is located in India's first Aerospace Special Economic Zone (SEZ) in Belagavi, Karnataka. This ecosystem has the highest aerospace machining capacity in India, with over 1.2 million machining hours per year. Aequs operates 12 aerospace-focused, fully owned and joint venture units in Belagavi, the United States (Paris, Texas), and France (Cholet). Additionally, it has five more operating units in Karnataka's Koppal and Hubballi cities, which cater to its non-aerospace businesses.

Aequs's Chairman & CEO, Aravind Melligeri, expressed his excitement about the company's ongoing journey and collaborations. He particularly mentioned the partnerships with investors who have a deep understanding of the Indian capital markets. These collaborations are expected to help Aequs to tap into emerging opportunities that result from the realignment of global supply chains and their relocation to India. Over the years, Aequs has made substantial investments in establishing top-tier manufacturing infrastructure and capabilities across various industry verticals. The company is in a great position to leverage the increasing interest from global customers in Indian manufacturing, thanks to its proven track record in precision engineering and significant on-ground capacities. AMBIT Private Ltd. played a key role as the exclusive investment banker for this transaction.