We are pleased to announce that our client, JJG Aero has successfully raised Series A funding of INR 1,000 Mn from CX Partners, a leading mid-market private equity fund. The funds will be used primarily for increasing its manufacturing capacity at its new facility, further vertical integration, and other corporate initiatives.

Established in 2008, JJG Aero specializes in manufacturing build-to-print high-precision machined components. The company offers a wide range of manufacturing services, complemented by over 30 NADCAP-approved in-house special processes. While the Company is primarily focussed on building its business in commercial aerospace segment, its diverse capabilities are put to use with its customers in automotive and industrial segments. 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 700 people.

Veda Corporate Advisors (“Veda”) was the exclusive financial advisor to JJG Aero & its promoters on this transaction. Veda provided comprehensive transaction advisory services covering strategic positioning, relevant investor identification and negotiation of key commercial terms leading to a successful transaction closure.

This is the 20^th successful deal for Veda in the overall industrial space and 5^th transaction in defence & aerospace sector that is witnessing significant traction over the last 2 years.