Bengaluru-based aerospace components manufacturer JJG Aero has raised $30 million in Series B funding from Norwest, marking a significant milestone in its growth journey.
The fresh capital will be primarily used to build and add capacity at JJG Aero’s upcoming manufacturing facility in North Bengaluru, accelerate vertical integration, and support other strategic initiatives.
With this round, JJG Aero’s total funding now stands at $42 million, including the $12 million Series A round led by CX Partners in April 2024.
JJG Aero Strengthens Aerospace Manufacturing Footprint
Founded in 2008, JJG Aero specializes in the manufacture of high-precision machined components with in-house special process finishing capabilities for the aircraft systems and engines segment.
The company also operates a subsidiary catering to auto component and industrial sectors. Its client portfolio includes leading American and European OEMs and Tier-1 suppliers such as Collins Aerospace, Safran, GE Aerospace, Pratt & Whitney, Woodward, and Liebherr.
Also Read: Nearly 400 Space Startups Active as India’s Space Economy Touches USD 8.4 Billion
Commenting on the funding, Anuj Jhunjhunwala, CEO of JJG Aero, said that the global aerospace supply chain is witnessing unprecedented demand, which traditional suppliers in Western markets are finding difficult to meet.
He noted that JJG Aero is expanding from two one-acre facilities to a new 10-acre Unit 3, designed to enable backward and forward integration while allowing room for future expansion into adjacent capabilities.
Jhunjhunwala added that India has emerged as an attractive sourcing destination for global aerospace leaders, positioning JJG Aero as a strategic partner for precision-machined aerospace components.
JJG Aero Positioned to Capitalise on Industry Tailwinds
Norwest Managing Director Shiv Chaudhary said the firm was pleased to make its first investment in the aerospace components segment through JJG Aero.
He highlighted that the company has delivered a 35% CAGR over the past three years, demonstrating strong execution and market demand.
According to Chaudhary, the investment will support capacity expansion while enabling the company to focus on higher value-added components and improve the quality of earnings.
He also noted that Indian manufacturers have proven their ability to deliver high-quality products to global customers, with aero-parts and component manufacturing emerging as a key pillar of India’s manufacturing outsourcing ecosystem.
Also Read: Garuda Aerospace Launches Drone Battery Manufacturing Facility in Chennai
JJG Aero’s Advanced Manufacturing Capabilities
The company offers end-to-end manufacturing services ranging from simple 2-axis to complex 5-axis machining.
These capabilities are supported by over 30 NADCAP-approved special processes, including electroplating, anodizing, painting, and non-destructive testing (NDT).
The company also provides mechanical assembly, testing, and other value-added services to its global customer base.
Veda Corporate Advisors acted as the sole transaction advisor for the Series B funding round.
