The tariff war may have disrupted global supply chains but Aequs, a Karnataka-based company, which is into manufacturing of high-precision aerospace and consumer durables exports, said it was helping in improving supply chain efficiency for its global customers.
“By leveraging its manufacturing ecosystems, Aequs reliably delivers supply chain efficiencies to its global customer base,” said Aravind Melligeri, executive chairman and CEO, Aequs.
A first-generation promoter, Mr. Melligeri had returned from the U.S. and incubated Aequs into a diversified export-focused manufacturing platform, providing vertically integrated high precision engineering and product solutions for the aerospace and consumer industries.
Its customers include Airbus, Boeing, Safran, Dassault, Collins Aerospace, Eaton, Honeywell, SAAB and GKN Aerospace. The company has India’s first integrated treatment facility to be approved by Airbus and Boeing.
Aequs is said to be planning an Initial Public Issue (IPO) of about ₹1,750 crore.
The Aequs Group has built over 3 million sq. ft of infrastructure for global exports in North Kanara. In 2008, it built India’s first Aerospace industrial park in Belgavi spread over 250 acres. In 2016, it built India’s first global scale toy manufacturing cluster at Koppal.
In 2022, it built India’s first consumer durables and electronics manufacturing cluster at Hubbali supplemented by an integrated electronics components manufacturing in 2023. “Aequs offers a unique plug-and-play proposition, which provide manufacturers with the shortest plan-to-commercial gestation ever,” said Mr. Melligeri, who holds a Masters in Mechanical Engineering from Pennsylvania State University.
It has already attracted investors such as Amicus Capital, Amansa Capital, Steadview Capital, Catamaran, Sparta Group and the investment office of Desh Deshpande among others.
The company’s total operating income improved from ₹552 crore in FY20 to ₹969 crore in FY24 backed by healthy order book position in aerospace segment according to Care Edge.
Published – May 10, 2025 08:36 pm IST
