1 month ago
Raghu Vamsi Aerospace Group Secures $40M Funding
Raghu Vamsi Aerospace Group, a company based in Hyderabad, has raised $40 million from investors like Norwest and Skegen Asset Management.
They make very precise parts for airplanes and energy companies.
The money will help them build more things, hire more people, and make better products.
They have factories in India, the UK, and the US, and they also work on special projects for defense, like small jet engines and parts for missiles.
The company's boss said this investment shows that people believe in what they've built over the last 20 years.
Raghu Vamsi Aerospace Group (RVAG) raised $40 million (Rs 400 crore) in funding.
The round was led by Norwest and Skegen Asset Management, with participation from other investors.
RVAG manufactures precision aerospace components and sub-assemblies for global clients.
The company has an order book exceeding Rs 2,500 crore.
RVAG operates over 10 manufacturing facilities across India, the UK, and the US, employing 1,200+ people.
- Who
- Raghu Vamsi Aerospace Group (RVAG)
- What
- Secured $40 million in funding
- Where
- Hyderabad, India
- When
- Not specified
- Why
- To scale operations, invest in technology, talent, and manufacturing capabilities
Key facts
- Company
- Raghu Vamsi Aerospace Group (RVAG)
- Funding Amount
- $40 million (Rs 400 crore)
- Lead Investors
- Norwest, Skegen Asset Management
- Other Investors
- Indus Bridge Ventures, GJNX Ventures, Ashish Kacholia
- Order Book
- Rs 2,500 crore
- Manufacturing Facilities
- 10+ across India, UK, US
- Employees
- 1,200+
- Key Clients
- GE Aerospace, Collins Aerospace, Honeywell, Safran, Baker Hughes, Halliburton, SLB, GE
Quotes
Vamsi Vikas
Managing Director, Raghu Vamsi Aerospace Group
“"The investment will help scale the group’s global manufacturing footprint and accelerate indigenous aerospace and defence technologies."”
thehansindia.com
Sources
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