Aerospace components manufacturer JJG Aero has successfully secured $12 million in its first funding round, with CX Partners taking the lead.
The startup plans to utilize the capital infusion to expand its manufacturing capacity at its new facility, thereby enhancing vertical integration and corporate initiatives.
An Exciting Venture Ahead
Anuj Jhunjhunwala, CEO of JJG Aero, expressed his enthusiasm about the company’s growth prospects. He stated,
“We have spent the last decade building leading capabilities, processes, compliance standards, and customer relationships. Now, we are poised for rapid expansion.”
Jhunjhunwala emphasized the surge in demand within the aerospace supply chain, citing challenges faced by legacy vendors in the Western world.
He highlighted India’s emergence as a favored destination for sourcing components and parts. “We are thrilled to be selected by many marquee clients as a strategic growth vendor,” he added.
A Legacy of Precision
Founded in 2008 and headquartered in Bengaluru, JJG Aero specializes in producing high-precision machined components complemented by in-house process finishing capabilities.
The company also serves customers in the automotive and industrial segments, besides focusing on the commercial aerospace sector.
Comprehensive Manufacturing Solutions
JJG Aero offers a broad range of manufacturing solutions, boasting over 30 NADCAP-approved special processes,
including electroplating, anodizing, paint, and NDT. Additionally, the company provides assembly, testing, and other services to its clients.
Expansion Plans and Vision
Currently operating three fully integrated manufacturing facilities in the Bommasandra-Jigani area in Bengaluru,
JJG Aero is poised to establish an additional facility catering specifically to the aerospace segment. This strategic move aims to further bolster the company’s capabilities and meet escalating market demands.
CX Partners’ Investment Perspective
Vivek Chhachhi, Managing Partner at CX Partners, expressed confidence in JJG Aero’s growth trajectory. He highlighted the company’s remarkable 35% CAGR over the last three years.
Chhachhi underscored the investment’s dual purpose: facilitating capacity addition and elevating the quality of earnings by focusing on higher value-added components.
“With its foray into the manufacturing of aero-engine components, we believe JJG Aero is well-positioned to capitalize on these opportunities and further solidify its presence in the market,” Chhachhi added.
Strategic Advisory
Veda Corporate Advisors played a pivotal role as the sole transaction advisor for the deal, facilitating the successful collaboration between JJG Aero and CX Partners.
JJG Aero’s latest funding round marks a significant milestone in its journey, propelling the company towards greater heights in the aerospace manufacturing sector. With enhanced capabilities
and strategic investments, JJG Aero is poised to meet evolving industry demands and establish itself as a formidable player in the global aerospace arena.
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