Norwest provides JJG Aero with $30 million to increase capacity

JJG Aero Raises $30 Million from Norwest to Expand Aerospace Manufacturing

 Aerospace components manufacturer JJG Aero has raised $30 million in a funding round led by venture capital firm Norwest, marking the firm’s first investment in India’s aerospace components manufacturing sector.

Founded in 2008, the Bengaluru-based company produces high-precision machined components used in aircraft systems and engines. Its client list includes global aerospace majors such as Collins Aerospace, Safran, GE Aerospace, Pratt & Whitney, and Boeing.

The funding comes amid strong global demand for aircraft, with manufacturers facing record order backlogs. Despite high delivery numbers last year, aircraft makers still have nearly 16,000 aircraft pending orders, said Anuj Jhunjhunwala, CEO of JJG Aero.

The company plans to use the fresh capital to build a new 200,000-square-foot manufacturing facility in North Bengaluru, expand capacity at existing plants, and invest in advanced processes and sub-assemblies.

“From having two small one-acre sites, we are now building a large Unit 3 on a 10-acre site with further backward and forward integration. The opportunity today is immense,” Jhunjhunwala said.

Currently, JJG Aero operates over 100 machines across 60,000 square feet of shop floor space at its facilities in Bommasandra and Jigani near Bengaluru.

Industry experts note that India accounts for less than 2% of the global aerospace components market, leaving significant room for growth. According to the company, global original equipment manufacturers (OEMs) are increasingly looking to India for sourcing.

“Earlier, we had to approach them. Today, they are visiting us regularly,” Jhunjhunwala said, describing the shift as “India’s Maruti moment” for aerospace manufacturing.

Norwest Managing Director Shiv Chaudhary said aerospace components represent a large and underpenetrated opportunity. “A single aircraft has nearly 500,000 parts, with a parts spend of around $120 million. Once a supplier is qualified, growth becomes a journey of amplification,” he said.

Norwest has been increasing its focus on Indian manufacturing across sectors such as electronics, defence, and aerospace, and plans to make more investments in the coming years.