JJG Aero raises $30M Series B from Norwest to expand aerospace manufacturing capacity in Bengaluru

Bengaluru-based JJG Aero has secured $30 million in Series B funding from global investment firm Norwest, marking a significant step in India’s rise as a precision manufacturing hub for the global aerospace supply chain. The fresh capital will be primarily used to build capacity at the company’s upcoming North Bengaluru facility, deepen vertical integration, and advance strategic initiatives aimed at higher value-added manufacturing.

This round takes JJG Aero’s total capital raised to $42 million, following a $12 million Series A led by CX Partners in April 2024. The investment comes at a time when aircraft manufacturers worldwide are grappling with unprecedented backlogs and legacy suppliers in Western markets struggle to meet demand—creating opportunities for capable Indian manufacturers with the right certifications, processes, and customer trust.

Founded in 2008, JJG Aero specializes in high-precision machined components for aircraft systems and engines, supported by extensive in-house special process finishing capabilities. The company also runs a subsidiary catering to the auto component and industrial sectors, creating diversification and operational resilience.

Its client portfolio includes leading American and European OEMs and Tier-1 vendors such as Collins Aerospace, Safran, GE Aerospace, Pratt & Whitney, Woodward, and Liebherr—a testament to the company’s compliance standards and manufacturing reliability.

“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,” said Anuj Jhunjhunwala, CEO of JJG Aero. “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.”

Riding global aerospace tailwinds

The aerospace industry is currently navigating one of its most supply-constrained periods in decades. With order books at historic highs for aircraft manufacturers, there is growing pressure on component suppliers to scale output while maintaining rigorous quality benchmarks. This is where JJG Aero’s capabilities—ranging from 2-axis to advanced 5-axis CNC machining—play a pivotal role.

A major differentiator for JJG Aero is its portfolio of over 30 NADCAP-approved special processes, including electroplating, anodizing, paint, and non-destructive testing (NDT). These certifications are mandatory for suppliers in the aerospace ecosystem and represent years of capability building and audit discipline.

The new 200,000 sq. ft. facility coming up on a 10-acre campus in North Bengaluru is designed not just for capacity expansion but for deeper vertical integration, enabling the company to bring more value-added processes in-house. This reduces dependency on third parties, improves margins, and enhances turnaround reliability for global customers.

Norwest’s bet on India’s aerospace manufacturing story

For Norwest, this marks its first investment in the aerospace components segment in India, signaling conviction in the country’s emerging role in global manufacturing outsourcing beyond IT and pharmaceuticals.

“JJG Aero has demonstrated remarkable growth, with a CAGR of 35% over the last three years,” said Shiv Chaudhary, Managing Director at Norwest. “This investment will enable the company to not only add capacity but also upgrade the quality of earnings by focusing on higher value-added components. With strong industry tailwinds, aero-parts manufacturing is becoming an important pillar in India’s outsourcing story.”

Norwest, which manages over $15.5 billion in capital globally, has a strong track record in backing Indian companies across sectors including financial services, healthcare, technology, and industrials. Its India portfolio includes names such as Swiggy, Amagi, and Veritas Finance.

From machining excellence to system-level capability

JJG Aero’s evolution mirrors the broader shift in Indian manufacturing—from low-cost production to high-precision, compliance-driven engineering. Beyond machining, the company performs mechanical assemblies, testing, and value-added services, positioning itself closer to system-level supply rather than component-only manufacturing.

The company is targeting ₹1,000 crore in annual revenue by 2032-33, backed by sustained demand from global aerospace majors and the expansion of its manufacturing footprint.

Veda Corporate Advisors acted as the sole transaction advisor on the deal.

India’s moment in aerospace supply chains

As geopolitical shifts, cost pressures, and supply chain diversification strategies reshape sourcing decisions for Western OEMs, India is increasingly seen as a dependable alternative. Companies like JJG Aero, with established relationships and certified capabilities, are well placed to benefit from this structural shift.

With fresh capital, expanded infrastructure, and a growing reputation among marquee clients, JJG Aero’s Series B marks more than a funding milestone—it underscores India’s growing credibility in the global aerospace manufacturing ecosystem.

Disclaimer: This news article is based on a press release shared by the company.