Contract manufacturer Aequs in a fresh round of equity funding has raised Rs 448 crore or $54 million. This round was led by Singapore-based Amansa Capital, and brings on board five new investors. Catamaran Ventures, which is a part of the family office of Infosys founder N. R. Narayana Murthy, and Steadview Capital are two of the five new investors. The other new investors also include Sparta Group, the investment office of Desh Deshpande, and another individual investor.

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The company will use the growth capital to launch a new Advanced Technology Products (ATP) vertical to manufacture high precision components for global consumer electronics companies.

Aequs claims to be the largest Aerospace precision components manufacturer in India and almost 100% of its revenue comes from exports. The company supplies precision components and assemblies to most various Aerospace players like Airbus, Boeing, Bombardier, Safran, Collins, Spirit, Eaton, and Honeywell.

Aravind Melligeri, Chairman & CEO remarked, "We have always believed in the Indian manufacturing story and for the past 15 years focused on maximizing in-country value addition. Excited to partner with investors who have a deep understanding of the Indian capital markets, which I believe will bring immense value to Aequs. These partnerships will also help in tapping emerging opportunities."

In April 2023 Amicus Capital led the first round of investment of Rs 225 crore. Till now Aequs has raised Rs 673 crore. Apart from operating 12 aerospace-focused, fully owned and JV units in (Belagavi), US (Paris, Texas), and France (Cholet), Aequs has five more operating units in Karnataka’s Koppal and Hubballi cities, for its non-aerospace businesses.