Amber Group’s subsidiary, ILJIN Electronics India, has raised INR 12 billion in its first external institutional funding round. ChrysCapital led the round with INR 11 billion, while InCred Growth Partners Fund I invested INR 1 billion via equity shares and compulsorily convertible preference shares (CCPS).
The company says the capital will support scaling of operations, manufacturing expansion, and strategic acquisitions in the electronics manufacturing services (EMS) sector, in line with India’s self-reliance agenda under schemes like PLI and ECMS.
For FY 2025, ILJIN reported revenues of INR 21.94 billion and an operating EBITDA of INR 1.51 billion, achieving a revenue CAGR of 52 percent between FY 2022 and FY 2025.
The company has applied under the Electronics Components Manufacturing Scheme (ECMS) for projects worth INR 9.9 billion for multilayer PCBs, and INR 32 billion for HDI/flex PCBs via its joint venture with Korea Circuits.
ILJIN recently acquired Power-One Micro Systems (specializing in battery energy storage, EV chargers, UPS, and solar inverters) and signed agreements to acquire Israel-based Unitronics plc, a player in industrial automation and control systems.
According to a regulatory filing, Amber’s pre-deal stake of 90.22 percent in ILJIN will be diluted post-investment. The new investors will gain the right to nominate a non-executive director and have customary pre-emptive and other investor rights.
Amber Enterprises’ share price has climbed about 72 percent over the past year, reflecting market confidence in the group’s electronics-focused strategy.
Amber Group is an Indian manufacturer of consumer durables and electronic solutions with operations spanning components, finished products, and integrated manufacturing. Its subsidiary ILJIN Electronics specialises in PCB manufacturing and electronics system solutions.