Precision engg parts maker Raghu Vamsi raises Rs.400-Cr from Norwest, Skegen, others

Hyderabad-based Raghu Vamsi has raised INR 400-Cr in a funding round led by Norwest and Skegen Asset Management. The transaction saw participation from Indus Bridge Ventures, GJNX Ventures, and investor Ashish Kacholia.Founded in 1992 by Vamsi Vikas Ganesula, the company manufactures precision aero-engine components and sub-assemblies for global original equipment manufacturers, including GE Aerospace, Collins Aerospace, Honeywell, and Safran. The firm also serves energy sector firms such as Baker Hughes, Halliburton, and SLB.The company plans to use the new funds to expand manufacturing capacity across its global facilities and accelerate the development of its integrated manufacturing campus at Hardware Park near Hyderabad International Airport