Aequs aerospace expansion
Belagavi, January 27, 2025: Aequs, a global leader in contract manufacturing, is set to strengthen its aerospace capabilities and broaden its consumer goods footprint with a new Maintenance, Repair, and Overhaul (MRO) facility in Belagavi. Moreover, Chairman and CEO Aravind Melligeri revealed plans to hire 1,000 additional employees by March 2026 as part of the company’s ambitious growth strategy.
For more details : https://newskarnataka.com/karnataka/belagavi/aequs-gears-up-for-aerospace-expansion-and-mro-facility-in-belagavi/27012025/
Aerospace Expansion and Strategic Collaborations
Aequs, currently generating $120 million in annual revenue, serves global giants like Airbus, Boeing, Collins, and Safran. The new MRO facility, in partnership with Magellan Aerospace Corporation, will focus on turboprop engine maintenance. Additionally, the company is making strides into the precision consumer electronics and consumer durables sectors, targeting export opportunities.
Operating a Special Economic Zone (SEZ) in Belagavi, Aequs offers end-to-end manufacturing solutions, including forging, machining, and aero assemblies. The aerospace division, which contributed $100 million in FY 2023-24, employs 1,800 people and plans to add 300-400 staff this year.
Vision for Growth
Aequs aims to achieve $1 billion in revenue by 2030, with $500 million projected from aerospace operations. The company’s partnerships with industry leaders like Magellan Aerospace and Aubert & Duval will enhance its sub-assembly solutions for commercial aircraft.
While financially stable, Melligeri hinted at the possibility of a rights issue for future capital needs. With these initiatives, Aequs is poised to make Belagavi a hub for innovation and growth in the aerospace sector.
Stay tuned for more updates on Aequs’ transformative journey!
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