Bengaluru-based aerospace parts producer JJG Aero has secured $30 million in a Sequence B funding spherical from Norwest.

The agency will use the raised capital to construct and add capability at its upcoming facility in North Bangalore, drive additional vertical integration, and help different strategic initiatives.

The spherical brings the overall funding raised to $42 million and consists of the $12 million Sequence A led by CX Companions in April 2024.

Established in 2008, JJG Aero specialises in manufacturing high-precision machined parts with in-house particular course of ending capabilities, serving the plane techniques and engines section.

The corporate additionally operates a subsidiary that serves auto part and industrial segments. JJG Aero’s consumer roster consists of American and European OEMs and Tier-1 distributors similar to Collins Aerospace, Safran, GE Aerospace, Pratt & Whitney, Woodward, and Liebherr.

“The final 5 years have witnessed exponential progress for corporations similar to ours that possess the capabilities, processes, compliance requirements, and buyer relationships to fulfill international aerospace demand. The chance is immense. From having two small one-acre websites, we at the moment are constructing a large Unit 3 on a 10-acre web site with additional back and forth integration, and house to increase into adjacencies on the opportune time,” stated Anuj Jhunjhunwala, CEO of JJG Aero.

“The aerospace provide chain is dealing with an all-time excessive demand from plane producers, which legacy distributors within the Western world are struggling to fulfill. With our strengths and worth proposition, we see ourselves as a key participant for precision-machined parts within the aerospace ecosystem. India has emerged as a beautiful vacation spot for sourcing parts and components by international leaders, and we’re excited to be chosen by so many marquee shoppers as a strategic progress vendor.”

“We’re thrilled to put money into JJG Aero, our first funding on this section. JJG Aero has demonstrated outstanding progress, with a CAGR of 35% during the last three years. This funding will allow JJG Aero not solely to proceed its progress trajectory by means of capability addition but additionally to improve the standard of earnings by specializing in larger value-added parts,” stated Shiv Chaudhary, Managing Director at Norwest.

“Indian companies have a confirmed capacity to supply high-quality services and products as an outsourcing companion to clients world wide. With robust trade tailwinds, we imagine that aero-parts and part manufacturing is rising as an vital section in India’s manufacturing outsourcing story. We imagine JJG Aero is well-positioned to capitalize on these alternatives and additional solidify its presence out there.”

From easy 2-axis to advanced 5-axis machining, JJG Aero provides a complete vary of producing providers, complemented by over 30 NADCAP-approved particular processes, together with electroplating, anodizing, paint, and NDT.

The corporate additionally performs mechanical assemblies, testing, and different value-added providers to its esteemed consumer base. Veda Company Advisors acted as the only real transaction advisor on the deal.