Bengaluru-based aerospace components manufacturer JJG Aero has raised $30 million in a Series B funding round led by Norwest, as global demand for aircraft components continues to surge.
The fresh capital will be used to expand manufacturing capacity at the company’s upcoming facility in North Bengaluru, deepen vertical integration, and support other strategic growth initiatives.
With this round, JJG Aero’s total funding now stands at $42 million, including a $12 million Series A round led by CX Partners in April 2024.
Founded in 2008 by Anuj Jhunjhunwala, JJG Aero specialises in the manufacture of high-precision machined aerospace components, serving aircraft systems and engine manufacturers.
The company caters primarily to global aerospace OEMs and Tier-1 suppliers, with customers including Collins Aerospace, Safran, GE Aerospace, Pratt & Whitney, Woodward, and Liebherr.
Over the past few years, JJG Aero has benefited from rising global aircraft production and supply chain diversification away from traditional Western markets.
The company has recorded a 35% CAGR over the last three years, positioning itself as a key sourcing partner amid capacity constraints faced by legacy aerospace suppliers.
“The last five years have witnessed exponential growth for companies such as ours that possess the capabilities, processes, compliance standards, and customer relationships to meet global aerospace demand. The opportunity is immense. From having two small one-acre sites, we are now building a massive Unit 3 on a 10-acre site with further backward and forward integration, and space to expand into adjacencies at the opportune time,” said Anuj Jhunjhunwala, CEO of JJG Aero.
JJG Aero operates multiple integrated facilities in Bengaluru and offers capabilities ranging from 2-axis to complex 5-axis machining, supported by over 30 NADCAP-approved special processes, including electroplating, anodizing, painting, and non-destructive testing. The company also provides mechanical assembly, testing, and other value-added services.
“We are thrilled to invest in JJG Aero, our first investment in this segment. JJG Aero has demonstrated remarkable growth, with a CAGR of 35% over the last three years. 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.
