Ace Designers Limited has secured an investment of INR 12 billion from Kotak Alternate Asset Managers to expand its CNC machinery manufacturing capacity. The Bengaluru-based company plans to use the capital to build a new production unit, modernise assembly lines, and expand its workforce.
Founded in 1979, Ace Designers manufactures CNC turning and machining centres and produces over 8,000 turning centres and 3,400 machining centres annually. The company projects revenue above INR 24 billion for the financial year 2024–25. Its products are used in sectors including automotive components, aerospace, and industrial fabrication, with exports to Europe, Asia, North America, and the Middle East.
“We are bullish on the Indian manufacturing theme and the Ace team, with its entrepreneurial and engineering first spirit, has been working on building India’s manufacturing eco-system for the past 4 decades. We are excited to paticipate in Ace’s growth story,” said Eshwar Karra, Managing Partner at Kotak Alts.
“Ace is on the verge of substantial growth with several key milestones approaching. The company is embarking on a significant expansion journey and our investment in Ace is in-line with out philosophy of partnering with high-quality, innovative and customer-centric businesses run by experienced management teams,” stated Rahul Chhaparwal, Partner at Kotak Alts.
The investment will support the company’s focus on automation, technology development, and digital integration tools. Upgrades are also planned for client training labs and remote machine monitoring systems. Ace Designers stated that it intends to address technology gaps in the domestic equipment manufacturing industry.
Ace Designers is part of the Ace Micromatic Group, a consortium of companies involved in precision engineering. The company also operates R&D facilities in Bengaluru and engages in partnerships to enhance product cost-efficiency and reliability.