ILJIN Electronics Raises Rs 1,200 Crore from ChrysCapital, InCred PE
- ChrysCapital invests Rs 1,100 crore; InCred PE adds Rs 100 crore
- Funds to boost capacity, acquisitions, and electronics diversification
- ILJIN clocked Rs 2,194 crore revenue in FY25, 52% CAGR since FY22
ILJIN Electronics India, the electronics arm of Amber Enterprises, has raised Rs 1,200 crore in its first institutional funding round, led homegrown private equity major ChrysCapital along with InCred Growth Partners Fund I (InCred PE).
ChrysCapital infused Rs 1,100 crore, while InCred PE contributed Rs 100 crore, with the investment structured through a combination of equity shares and compulsory convertible preference shares.
Headquartered in Greater Noida, ILJIN manufactures bare printed circuit boards (PCBs) and PCB assemblies catering to consumer durables, automotive, telecom, healthcare, renewable energy, aerospace, and defense. The company also offers integrated box-build solutions including smartwatches, routers, solar inverters, EV charging systems, battery storage systems, and UPS solutions.
The fresh capital will enable ILJIN to scale operations, expand manufacturing capacity, and pursue selective acquisitions in high-growth areas. Recently, Amber Enterprises, through ILJIN, acquired a controlling stake in Bengaluru-based Power-One Micro Systems, marking its entry into energy storage, EV chargers, and solar inverters. It has also signed agreements to acquire Israel-based Unitronics, a player in industrial automation.
ILJIN posted revenues of Rs 2,194 crore in FY25, with an operating EBITDA of Rs 151 crore achieving a compound annual growth rate (CAGR) of 52% between FY22 and FY25.
Commenting on the milestone, Jasbir Singh, Executive Chairman and CEO of Amber Enterprises, said:“This investment will empower us to drive both organic expansion and strategic inorganic growth, reinforcing our leadership in PCB and EMS solutions.”
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