Aequs, a prominent contract manufacturer, is set to enhance its aerospace capabilities, expand its presence in the consumer goods sector, and establish a Maintenance, Repair, and Overhaul (MRO) facility in Belagavi this year. Chairman and CEO Aravind Melligeri confirmed plans to increase the company’s workforce by approximately 1,000 employees by the end of March 2026.
Specializing in integrated product solutions for aerospace and consumer industries, Aequs generates annual revenues of around USD 120 million. Its client base includes industry giants such as Airbus, Boeing, Safran, and Collins, with operations in the US and France.
The upcoming MRO facility, in collaboration with Canada’s Magellan Aerospace Corporation, will initially focus on turboprop engine maintenance. Additionally, Aequs is venturing into the precision consumer electronics market while targeting export opportunities in consumer durables.
Aequs operates an SEZ in Belagavi, Karnataka, offering complete manufacturing solutions, including forging, machining, surface treatment, and aero assemblies. The aerospace division employs 1,800 people, with plans to onboard an additional 300-400 staff this fiscal year. Overall, the company aims to grow its total workforce from 4,000 to 5,000.
Melligeri emphasized the company’s core expertise in precision manufacturing and revealed an interest in partnerships with smart ring manufacturers, given the sector’s rising demand.
In 2023-24, Aequs’ aerospace division contributed USD 100 million to its revenues, forming a substantial share of its earnings. Both the aerospace segment and the company as a whole are currently profitable.
With a five-year vision, Aequs plans to achieve USD 1 billion in revenues, targeting USD 500 million from its aerospace vertical. The company has joint ventures with Magellan Aerospace and Aubert & Duval, and its Aerostructures Assemblies India unit delivers advanced sub-assemblies for commercial aircraft.
Regarding funding, Melligeri noted that the company’s finances are stable but may consider a rights issue if needed to raise additional capital.
