Aequs, a prominent contract manufacturer, is set to enhance its aerospace capabilities, broaden its presence in the consumer goods segment, and launch a Maintenance, Repair, and Overhaul (MRO) facility in Belagavi this year. Chairman and CEO Aravind Melligeri announced plans to hire approximately 1,000 additional employees by March 2026.
Currently generating annual revenues of $120 million, Aequs caters to industry giants such as Airbus, Boeing, Collins, and Safran. The company operates globally, with facilities in France and the United States, and focuses on vertically integrated manufacturing solutions for aerospace and consumer goods.
Strategic Growth Initiatives
Melligeri outlined the company’s roadmap, highlighting plans to establish an MRO facility in collaboration with Magellan Aerospace Corporation to maintain turboprop engines. Additionally, Aequs aims to penetrate the precision consumer electronics market and expand its footprint in the consumer durables sector, emphasizing export opportunities.
Operating a Special Economic Zone (SEZ) in Belagavi, Aequs offers comprehensive manufacturing services, including forging, machining, surface treatment, and aero assemblies. The aerospace vertical, employing 1,800 staff, plans to add 300-400 more personnel this year as part of its growth strategy.
Revenue and Vision
In FY 2023-24, the aerospace segment contributed $100 million, forming a major portion of Aequs’ revenue. With partnerships like Magellan Aerospace and Aubert & Duval, Aequs is poised to deliver innovative sub-assembly solutions for commercial aircraft. While Melligeri affirmed that the company is financially stable, a rights issue may be considered for future capital needs.
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