Bengaluru-based aerospace components maker JJG Aero has secured $30 million in Series B funding from Norwest. The capital will be used to expand manufacturing capacity, deepen vertical integration, and support long-term growth as global aircraft makers face supply chain constraints.
JJG Aero, a Bengaluru-based manufacturer of high-precision aerospace components, has raised $30 million in a Series B funding round led by Norwest, as global aircraft manufacturers grapple with persistent supply shortages.
The latest round brings JJG Aero’s total funding to $42 million, following a $12 million Series A raised in April 2024 that was led by CX Partners. The new capital will primarily be deployed to build and add capacity at the company’s upcoming facility in North Bengaluru, alongside investments in deeper vertical integration and other strategic initiatives.
Betting on aerospace supply chain bottlenecks
The funding comes at a time when aerospace supply chains are under sustained pressure, driven by a rebound in commercial aviation demand, production ramp-ups at aircraft OEMs, and lingering constraints among legacy suppliers in the US and Europe.
Founded in 2008, JJG Aero manufactures high-precision machined components for aircraft systems and engines, supported by in-house special process finishing capabilities. Its customers include global OEMs and Tier-1 suppliers such as Collins Aerospace, Safran, GE Aerospace, Pratt & Whitney, Woodward, and Liebherr.
Over the past three years, the company has reported a compound annual growth rate of around 35%, positioning it as a beneficiary of the ongoing shift by global aerospace firms toward diversified and cost-competitive sourcing locations.
Capacity expansion in North Bengaluru
A significant portion of the Series B proceeds will go toward JJG Aero’s new “Unit 3” facility in North Bengaluru, being developed on a 10-acre site. The expansion marks a sharp step up from the company’s earlier footprint of two one-acre facilities.
According to Anuj Jhunjhunwala, CEO of JJG Aero, the new site is designed not just for scale, but for flexibility. The facility will support further backward and forward integration, while also leaving room to expand into adjacent manufacturing capabilities as opportunities emerge.
India’s growing role in global aerospace manufacturing has strengthened the company’s outlook. International OEMs increasingly see Indian suppliers as long-term partners rather than opportunistic vendors, particularly for precision-machined parts that require stringent compliance and quality standards.
Norwest’s first bet in the segment
For Norwest, the investment marks its first entry into the aerospace components manufacturing segment.
Shiv Chaudhary, managing director at Norwest, said the firm sees aero-parts manufacturing as an increasingly important pillar of India’s broader manufacturing outsourcing story. Beyond capacity expansion, Norwest expects JJG Aero to focus on higher value-added components, improving both margins and earnings quality.
Norwest manages more than $15.5 billion in capital globally and has an active investment footprint in India across technology, industrials, healthcare, and consumer sectors.
A full-stack manufacturing model
JJG Aero’s differentiation lies in its breadth of capabilities. The company offers machining services ranging from simple 2-axis work to complex 5-axis components, supported by more than 30 NADCAP-approved special processes, including electroplating, anodizing, painting, and non-destructive testing.
It also performs mechanical assemblies, testing, and other value-added services, allowing customers to consolidate suppliers — a growing priority as OEMs seek resilience and predictability in their supply chains.
Alongside aerospace, JJG Aero operates a subsidiary serving automotive and industrial customers, providing some diversification outside aviation cycles.
Looking ahead
With aircraft manufacturers under pressure to increase delivery rates, suppliers that can scale reliably while meeting stringent certification standards are in demand. JJG Aero’s expansion plans suggest it is positioning itself as a long-term partner rather than a capacity stopgap.
As India continues to emerge as a critical node in global aerospace manufacturing, deals like this underscore how private capital is aligning with structural shifts in the industry — not just short-term growth, but a reconfiguration of where and how complex aircraft components are made.
