Mumbai/ Bengaluru July 24: Bengaluru-based Unimech Aerospace has successfully raised Rs 250 crore from prominent investors Steadview Capital Mauritius Limited, ValueQuest Scale Fund, and Evolvence India Fund IV Ltd at a post-money valuation of Rs 3,250 crores, as a part of the Company’s private placement round. Anand Rathi Advisors provided advisory services for this transaction.
Unimech Aerospace specializes in manufacturing of high precision tooling for aero-engines and airframes, along with complex high precision components, assemblies, and electro-mechanical turnkey systems for the aerospace, defence, energy, and semiconductor industries. Their advanced capabilities and commitment to quality make them a trusted partner for some of the global OEMs and Tier 1s in the industry.
Reflecting on the fundraise and its utilization, Anil Puthan, Chairman and Managing Director of Unimech Aerospace, said, “From our humble start in 2016 as a bootstrapped team of five, we’ve grown to over INR 200 crore in revenue with 380 employees for FY 2023-24, all without external funding. Welcoming this first round of private placement fills us with gratitude and a profound sense of responsibility. This investment will enable us to pursue both organic and inorganic growth, enhancing our Build to Print and Build to Spec solutions.”
Anil Puthan, further added,” We are delighted to announce this private placement round and grateful for the support of our investors. Beyond financial support, this investment brings invaluable intellectual capital. By leveraging our investors’ expertise in private and public equity, we aim to strengthen our strategies and operations. This milestone underscores our unwavering commitment to transparency, governance, and shareholder value. The funds raised from this investment will bolster Unimech’s expansion efforts and strategic objectives.”
Pushkar Jauhari, MD & Head – Private Equity at ValueQuest said “We are happy to partner with Unimech. Led by capable founders, with focus on quality, strong financial metrics, and a culture of learning, we believe in Unimech’s long-term success and look forward to this partnership.”
