Bengaluru-based aerospace components maker JJG Aero is targeting $100 million in revenue over the next five years, as it looks to capitalise on shifting global supply chains and scale up capacity.
To support this, the company had raised $30 million in Series B round in January 2026, led by Norwest Venture Partners, to build a new 200,000 sq ft facility in North Bengaluru. The push comes even as global aircraft production remains constrained by supply chain bottlenecks, creating both an opportunity and uncertainty for emerging suppliers.
The company, which operates in the commercial aircraft components space, expects to sustain a compound annual growth rate (CAGR) in the mid-30s, driven by strong demand from global original equipment manufacturers (OEMs) and tier-one suppliers.
Anuj Jhunjhunwala, CEO, JJG Machining
“Our aerospace division has grown eight times in the last six years,” said Anuj Jhunjhunwala, CEO, JJG Machining. “From less than ₹20 crore in FY21, we have reached about ₹155 crore in FY26. We expect to maintain a CAGR in the mid-30s from here.”
Eyes on India
The growth comes amid increasing global interest in India as an alternative manufacturing base. Jhunjhunwala pointed to labour shortages and high costs in developed markets, alongside geopolitical realignments post-Covid.
He added that India’s share in the global aerospace supply chain remains under 2 per cent, but has doubled over the past decade, indicating strong headroom for growth.
The company is also focusing on deepening relationships with existing clients rather than aggressively adding new ones. The split, he said, is 50:50 for revenues from existing clients, and from newer customers.
“Once you are qualified by global OEMs, growth follows a hockey-stick curve,” Jhunjhunwala said. “The focus now is on increasing wallet share from existing customers.”
The company currently works with multiple global aerospace players and has significantly diversified its client base in recent years.
While India is emerging as a key manufacturing hub, Jhunjhunwala noted that moving up the value chain into design-led manufacturing will take time. “I don’t see India becoming a build-to-spec nation in commercial aerospace for at least the next 8–10 years,” he said.