JJG Aero has secured USD 30 million in a Series B funding round led by private equity firm Norwest, as the company moves to expand capacity and strengthen its position in global aircraft supply chains.
With this fresh capital, the company will primarily build and add capacity at its upcoming facility in North Bangalore. In addition, JJG Aero will focus on increasing vertical integration and supporting other strategic initiatives, the company said.
As a result of this round, JJG Aero’s total funding has reached USD 42 million, including a USD 12 million Series A round raised in April 2024 and led by CX Partners.
Founded in 2008, JJG Aero manufactures high-precision machined components for aircraft systems and engines, supported by in-house special process finishing capabilities. Moreover, the company operates a subsidiary that serves the auto component and industrial segments. Its customer base includes US and European original equipment manufacturers and Tier-1 suppliers such as Collins Aerospace, Safran, GE Aerospace, Pratt & Whitney, Woodward, and Liebherr.
According to Chief Executive Officer Anuj Jhunjhunwala, the company continues to benefit from strong global demand for aircraft and components, especially as established suppliers in Western markets struggle to keep pace.
“The aerospace supply chain is facing an all-time high demand from aircraft manufacturers,” Jhunjhunwala said, adding that India had emerged as an attractive sourcing destination for global aerospace majors.
Meanwhile, JJG Aero is developing its third manufacturing unit on a 10-acre site in North Bangalore, significantly larger than its existing two one-acre facilities. Furthermore, the site offers scope for expansion into adjacent segments.
Norwest highlighted that JJG Aero has grown at a compounded annual growth rate of around 35 percent over the past three years, driven by rising outsourcing by global aerospace companies and the firm’s focus on complex, value-added components.
“This investment will enable JJG Aero not only to continue its growth trajectory through capacity addition but also to upgrade the quality of earnings by focusing on higher value-added components,” said Shiv Chaudhary, Managing Director at Norwest.
