Precision manufacturer Aequs has raised $54 million (Rs 448 Cr) in a new equity funding round led by Singapore's Amansa Capital.  Steadview Capital, Catamaran, the family office of Infosys founder N.R. Narayana Murthy, Sparta Group, Desh Deshpande investment firm, Amicus Capital and other individual investors also participated in the funding round.

Founded in 2006, Aequs has a precision manufacturing platform in aerospace and several other industries. It plans to use the fresh funds to launch a new high-tech products (ATP) business, which makes high-precision components for a number of global consumer electronics companies.

It is pertinent to note that Aequs supplies precision components and assembly companies, including Boeing, Airbus, Safran, Collins, Spirit, Honeywell and Eaton. The company's integrated manufacturing ecosystem is located in Belagavi, Karnataka.

Aequs claims to have the largest aerospace machining capacity in the country at its Belagavi campus, with over 1.2 million man-hours per year. In addition, the company has 12 fully aero-focused and joint venture units in the US and France and another five units at Koppal and Hubbal in Karnataka for its non-aeronautical activities.

“Aequs has always believed in the Indian manufacturing story and for the past 15 years focused on maximizing in-country value add on the products it makes across the industry verticals it operates in,” said Aravind Melligeri, chairman and CEO of Aequs.

“These partnerships [with investors] will also help in tapping emerging opportunities due to the realignment of global supply chains and their relocation to India in many instances,” Melligeri added.