Aequs

Aequs

Manufacturer and supplier of major auto components

Founded

2006

Headquarters

Bengaluru (India)

Status

Series B

Company Details

Website

Socials

Email

Phone

+91 - 8313090000

Aequs is a growing name in contract manufacturing, working across several sectors. Their main focus is on delivering complete product solutions — especially in aerospace, consumer goods and electronics. With plants set up in India, France and the U.S., they’ve built a solid international presence. The team is over 5,000 strong, and they work with major clients like Airbus, Boeing, Collins Aerospace, Safran and other top consumer brands.

Core Products & Services

  • Aerospace Manufacturing: They handle machining, forging, surface treatment and assembling aerospace parts. This includes structural panels and aircraft doors.
  • Consumer Durable Goods: They make cookware, appliances and are moving into smart devices and electronics. It’s all built under one roof — from design to finished product.
  • Maintenance, Repair & Overhaul (MRO): They’ve started an MRO center (with Magellan Aerospace) for turboprop engines, which adds more muscle to their aerospace work.
  • Cluster-based Manufacturing: They run India’s first Aerospace SEZ in Belagavi. Also have big setups in Hubballi (for durables) and Koppal (for toys). These clusters support full-scale production for OEMs and global players.

Business Model & Revenue Streams

  • Direct Sales: They make and sell precision parts, sub-assemblies and full products to major brands in aerospace, electronics, and consumer goods.
  • Integrated Manufacturing Services: From product design to delivery — they offer full-service packages including warehousing and logistics, often through long-term deals.
  • MRO Services: They’ve added aerospace repair and maintenance work — it’s a newer area that’s starting to grow.
  • Cluster Ecosystem Fees: They also earn by providing space and services to suppliers working inside their clusters — kind of like a shared manufacturing campus.

Key People

Aravind Melligeri

Ravi Mallikarjun Hugar

Key Metrics

Total Equity Funding

$101 Million

No. of Funding Rounds

5

Latest Funding Round

$54.0 Million, PE

as of September 25, 2023

Post Money Valuation

$241 Million

as of September 25, 2023

Funding Multiple

2.39x

as of September 25, 2023

Investors

Amansa Capital

and 4 more

Employee Count

1897

Similar Companies

Radhamani Group

Exit Details

-

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
September 25, 2023PE $54.0 Million$241.0 Million$241.0 Million1.7xCatamaran, Sparta Group, Amicus Capital Partners, Amansa Capital, Steadview, Vasundhara Dempo Family Private Trust, Girija Dempo Family Private Trust, Ambit
March 24, 2023PE $33.5 Million$277.0 Million $105.0 Million2.1x Amicus Capital Partners
December 16, 2017Series B$1.3 Million$128.0 Million$81.9 Million1.5xSKM
March 1, 2016 Series A$12.6 Million$56.0 Million$39.3 Million1.1x Melligeri Investment and Consultancy, Melligeri Family Irrevocable Trust

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