Unimech Aerospace Secures Rs 250 Crore for Strategic Expansion

Unimech Aerospace, known for manufacturing precision parts for the aerospace industry, raised Rs 250 crore from investors like Steadview Capital Mauritius Ltd in private placement financing. The funds will support expansion and IPO plans. Founded in 2016, the company has grown significantly, achieving Rs 200 crore in annual revenue.

Unimech Aerospace, a manufacturer of forged and precision parts for the aerospace industry, has successfully raised Rs 250 crore in private placement financing on Wednesday. The investment round saw significant contributions from Steadview Capital Mauritius Ltd, ValueQuest Scale Fund, and Evolvence India Fund IV Ltd.

According to Anil Puthan, Chairman and Managing Director of Unimech Aerospace, the newly acquired funds will bolster the company's expansion efforts and strategic objectives. The Bengaluru-based company is also in the process of filing draft papers with the Securities and Exchange Board of India (Sebi) for an Initial Public Offering (IPO).

Founded in 2016, Unimech Aerospace specializes in high-precision tooling for aero-engines and airframes, as well as complex components, assemblies, and electro-mechanical systems for various industries including aerospace, defense, energy, and semiconductors. With no prior external funding, the company has grown to generate over Rs 200 crore in revenue for FY2023-24 and employs 380 people. Anand Rathi Advisors provided advisory services for this transaction.

(With inputs from agencies.)