JJG Aero has secured USD 30 million in a Series B funding round led by private equity firm Norwest, as the aerospace component manufacturer looks to expand capacity and deepen its role in global aircraft supply chains. The funding will support the company’s next phase of growth amid sustained demand from aircraft manufacturers and tier-one suppliers.
The company said the fresh capital will be primarily used to build and add capacity at its upcoming manufacturing facility in North Bangalore. In addition, the funds will be deployed to increase vertical integration and support other strategic initiatives. Following 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. The company also operates a subsidiary serving the automotive and industrial segments. Its customer base includes original equipment manufacturers and tier-one suppliers in the United States and Europe, including Collins Aerospace, Safran, GE Aerospace, Pratt & Whitney, Woodward, and Liebherr.
“Since our Series A, we’ve invested in complex parts machining, expanded into engine components, and committed to building a large, future-ready manufacturing facility,” said Anuj Jhunjhunwala, Chief Executive Officer of JJG Aero, adding that India has emerged as an attractive sourcing destination for global aerospace majors as established suppliers in Western markets face capacity constraints. “This capital enables us to add capacity, deepen vertical integration, and take on higher-value work with confidence.,” Jhunjhunwala said, speaking about the Series B funding.
JJG Aero is currently developing its third manufacturing unit on a 10-acre site in North Bangalore. The proposed facility is significantly larger than the company’s existing two one-acre units and provides scope for future expansion into adjacent segments, the company said.
Norwest said JJG Aero has recorded a compounded annual growth rate of around 35 percent over the past three years, driven by increasing outsourcing by global aerospace companies and a 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.
Jhunjhunwala said that global customers are increasingly viewing India as a strategic manufacturing partner with the technical depth and compliance capabilities required by the aerospace industry.
JJG Aero manufactures precision components for aircraft systems and engines and serves global aerospace original equipment manufacturers and tier-one suppliers from its facilities in India.