JJG Aero, a Bengaluru-based aerospace components manufacturer, has secured a $12 million investment from CX Partners. This substantial capital infusion, approximately Rs 100 crore, marks a significant milestone for the company as it gears up for expansion and development initiatives.
Established in 2008, JJG Aero has built a formidable reputation for its manufacturing prowess. It offers diverse services augmented by over 30 NADCAP-approved unique processes, including electroplating, anodizing, painting, and NDT.
The fresh proceeds will be used primarily to augment manufacturing capacity at its recently established facility, enhance vertical integration efforts, and pursue strategic corporate endeavours. Despite its core focus on the commercial aerospace sector, JJG Aero leverages its versatile capabilities to serve clients across automotive and industrial domains.
With a stellar track record of achieving a 35% Compound Annual Growth Rate (CAGR) over the past three years, JJG Aero boasts a prestigious clientele comprising American and European OEMs, tier-1 vendors, and other key stakeholders. Before this investment, JJG Aero was wholly owned by J.J Glastronics Private Limited, maintaining a 99.97% stake.
Anuj Jhunjhunwala, the CEO of JJG Aero, expressed enthusiasm about the partnership with CX Partners and emphasized the strategic significance of the investment in propelling the company’s growth trajectory.
This investment comes amidst a burgeoning trend of capital influx within the aerospace sector, with notable fundraisers including Pixxel, Skyroot Aerospace, and AgniKul Cosmos. Direct competitors like Jeh Aerospace have also attracted significant investment, with a recent seed funding round led by General Catalyst amounting to $2.75 million.
As JJG Aero embarks on this new chapter of expansion and innovation, the investment from CX Partners underscores the company’s confidence in its vision and potential within the aerospace manufacturing landscape.
