PE-VC Fund Investments
Aerospace components maker JJG Aero raises $30-M from Norwest
Bengaluru-based aerospace components manufacturer JJG Aero has raised USD 30 million (INR 275 crore) in a Series B funding round from Norwest.Founded in 2008 by Anuj Jhunjhunwala, JJG Aero manufactures seating and cargo systems for planes, landing gear, air management systems, and electric systems. Its clients include Boeing, Pratt & Whitney, Liebherr, Collins, and Safran. The firm opened its first dedicated aerospace manufacturing facility in 2019. The company also manufactures automotive and industrial equipment via a subsidiary at its Jigani unit near Bengaluru .The fresh funds will be used to construct JJG Aero’s upcoming facility in North Bengaluru, enhance vertical integration, and support other strategic initiatives.
In Apr 2024, JJG Aero had attracted about USD 12 M from CX Partners and others.For FY24, JJG Aero had reported about INR 61 Cr in Operating Income and about INR 5 Cr in PAT.
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