Anuj Jhunjhunwala, Chief Executive Officer, JJG Machining Group Bengaluru-based aerospace components manufacturer JJG Aero on Saturday said it has secured $30 million in Series B funding from Norwest, with the capital set to support capacity creation at its new facility in North Bengaluru, further vertical integration and other strategic priorities.
The round takes the company’s total funding to $42 million, including the $12 million Series A raised in April 2024.
Expansion plans
Founded in 2008, JJG Aero supplies machined components and special-process finished parts for aircraft systems and engines. Its customer base includes Collins Aerospace, Safran, GE Aerospace, Pratt & Whitney, Woodward and Liebherr.Chief executive officer Anuj Jhunjhunwala said the past five years had brought “exponential growth for companies such as ours that possess the capabilities, processes, compliance standards and customer relationships to meet global aerospace demand”.
He added that the company had moved from “two small one-acre sites” to building a third unit on a 10-acre location, with scope for backward and forward integration and expansion into adjacencies.
Jhunjhunwala said increases in global aircraft production had created demand that “legacy vendors in the Western world are struggling to meet”, adding that JJG Aero aimed to “be a key player for precision-machined components in the aerospace ecosystem”.
Investor perspective
Norwest managing director Shiv Chaudhary said the investment marked the firm’s first in the segment. Chaudhary noted that JJG Aero had recorded a compound annual growth rate of 35 per cent over the past three years and said the funding would help the company improve earnings quality through a focus on higher value-added components.He said India’s role as a sourcing destination for global aerospace manufacturers continued to expand, and that JJG Aero was positioned to benefit from this shift.
Capabilities and services
JJG Aero offers machining services ranging from 2-axis to 5-axis processes, supported by more than 30 NADCAP-approved special processes such as electroplating, anodising, painting and non-destructive testing. The company also undertakes mechanical assembly, testing and other value-added tasks.
Its new 200,000 sq ft facility on a 10-acre site in North Bengaluru is intended to support further scale-up and targets annual revenue of ₹1,000 crore by 2032–33.
Veda Corporate Advisors served as the sole transaction adviser for the Series B round.
Leave a Reply