Deepinder Goyal Raises 54 Million Dollars for Wearable Startup Temple at 190 Million Dollar Valuation
February 28, 2026
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- Sun, 1 March 2026
JJG Aero, a Bengaluru based aerospace components manufacturer, has raised 30 million dollars in a Series B funding round led by Norwest.
With this round, the company’s total funding now stands at 42 million dollars, including a 12 million dollar Series A round led by CX Partners in April 2024.
JJG Aero plans to deploy the fresh capital towards building and adding capacity at its upcoming manufacturing facility in North Bengaluru. The company will also use the funds to deepen vertical integration across its operations and support other strategic initiatives as it scales its aerospace manufacturing footprint.
Founded in 2008, JJG Aero specialises in the manufacturing of high precision machined components with in house special process finishing capabilities. The company primarily serves the aircraft systems and engines segment and has built strong relationships with global aerospace customers.
JJG Aero also operates a subsidiary that caters to the automotive and industrial components segments, expanding its presence beyond aerospace manufacturing.
The company’s client roster includes leading American and European OEMs and Tier 1 suppliers such as Collins Aerospace, Safran, GE Aerospace, Pratt and Whitney, Woodward, and Liebherr.
JJG Aero offers a wide range of manufacturing services, from simple 2 axis machining to complex 5 axis components. These capabilities are supported by more than 30 NADCAP approved special processes, including electroplating, anodizing, painting, and non destructive testing. The company also provides mechanical assembly, testing, and other value added services.
Commenting on the fundraise, Anuj Jhunjhunwala said that global aerospace demand is at an all time high, while legacy suppliers in Western markets are struggling to keep pace. He highlighted that JJG Aero has expanded from two small manufacturing sites to developing a large third unit on a 10 acre campus, with scope for future expansion and integration.
Norwest said the investment reflects confidence in India’s growing role in the global aerospace supply chain. The firm noted JJG Aero’s strong growth trajectory, with a reported compound annual growth rate of around 35 percent over the last three years, and highlighted the company’s focus on higher value added components to improve earnings quality.
With rising global demand and supply chain diversification, India is emerging as an attractive destination for aerospace sourcing. JJG Aero’s latest fundraise underscores increasing investor interest in Indian manufacturing companies that meet global quality, compliance, and scale requirements.
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