Industrials / Others
VedaCorp advised JJG Aero, a leading Aerospace components manufacturer, on its Series B fundraise of INR 275 Cr from Norwest Venture Partners
About
JJG Aero
JJG Aero, headquartered in Bengaluru, specializes in manufacturing build-to-print high-precision machined components, with in-house special process finishing capabilities. The company’s clients include leading global OEMs and Tier-1 system integrators in aerospace, automobile and industrials sectors. For more information, visit www.jjgmachining.com
Norwest
Norwest is a global venture and growth equity investment firm managing more than $15.5 billion in capital. Since its inception, Norwest currently partners with more than 250 companies in its venture and growth equity portfolio. The firm invests in early- to late-stage businesses across key sectors with a focus on enterprise, healthcare and consumer. The Norwest team offers a deep network of connections, extensive operating experience, and a wide range of impactful services to help CEOs and founders scale their businesses.
Background
We are pleased to announce that our client, JJG Aero Private Limited (“JJG Aero”) has raised Series B funding of INR 275 Cr from Norwest Venture Partners (“NVP”). This investment positions JJG Aero to accelerate its next phase of growth, spanning both organic and inorganic opportunities.
This is VedaCorp’s second transaction for JJG Aero, having also advised on its Series A fundraise from CX Partners in 2024.
Established in 2008, JJG Aero specializes in manufacturing build-to-print high-precision machined components with in-house special processes for Aerospace, Automobile and Industrials sector. The company offers a wide range of manufacturing services, complemented by over 30+ NADCAP-approved in-house special processes. The Company’s prestigious clients include marquee American & European OEMs and Tier-1 vendors. The company has 3 fully integrated manufacturing facilities in Bengaluru, run by a team of 900+ people.
Veda Corporate Advisors (“VedaCorp”) was the exclusive financial advisor to the JJG Aero and its shareholders. VedaCorp provided comprehensive transaction advisory services covering identification of prospective investors, strategic positioning, deal structuring and negotiation of key commercial terms leading to the successful closure of the transaction.
This transaction marks VedaCorp’s 23rd deal in the Industrials space and 9th transaction in the Defence, Aerospace, Railways and Electronics (DARE) sector.
“Veda led our entire Series B process, and choosing to work with them again was an easy decision. The trust and confidence built during our Series A carried forward, and that continuity was important to us. They already understood our business, our priorities, and the type of partner we wanted, which made the process highly efficient and well aligned”
Anuj Jhunjhunwala
CEO - JJG Aero Private Limited
“We’re delighted to partner with JJG Aero for the second time. Having witnessed their trajectory firsthand, it’s clear the company is scaling at an exceptional pace. This transaction reflects both the strength of JJG Aero’s strategy and our continued confidence in the management team’s ability to execute on a rapidly expanding global opportunity”
Ganapathi Raman
Managing Director – VedaCorp