Aequs
India-based vertically integrated precision contract manufacturer serving aerospace and consumer industries through manufacturing ecosystems in India, France, and the United States.
- CEO / Founder
- Aravind Melligeri
- Team Size
- 1001-5000
- Stage
- Public
- Total Funding
- Publicly Traded
- Latest Round
- IPO
- Key Investors
- Amansa Capital; Amicus Capital Partners; Steadview Capital; Catamaran (N.R. Narayana Murthy's family office); Sparta Group LLC; SBI Mutual Fund; DSP India Fund; Think India Opportunities Fund
Technology & Products
Key Products
Aerospace precision components and assemblies (machined parts, forgings, sheet metal, surface treatment, door plugs, structural assemblies); Consumer goods manufacturing (toys, consumer durables, electronics); Advanced Technology Products (ATP) vertical for high-precision electronics components.
Technological Advantage
Vertically integrated manufacturing ecosystem in a single SEZ; 1.2M+ annual machining hours; 10K-tonne hydraulic press (India's largest aerospace press); aerospace approvals from Airbus, Boeing, Safran, etc.; strategic investment in metal AM via Spartacus3D.
Differentiation
Value Proposition
Vertically integrated precision manufacturing ecosystem within a single Special Economic Zone (SEZ), offering end-to-end capabilities from forging to assembly for aerospace and consumer OEMs.
How They Differentiate
Operates India's first aerospace-focused SEZ in Belagavi, Karnataka, enabling fully vertically integrated manufacturing (forging-to-assembly) within one ecosystem. Largest aerospace machining capacity in India (1.2M+ machining hours/year). Unique "Ecosystems of Efficiency" model combining infrastructure, talent, and supply chain under one zone.
Market & Competition
Target Customers
Global aerospace OEMs (Airbus, Boeing, Bombardier, Safran, Collins Aerospace, Spirit AeroSystems, Eaton, Honeywell) and consumer goods OEMs.
Industry Verticals
Aerospace & Defense; Consumer Goods (Toys, Durables, Electronics)
Competitors
Unimech Aerospace; Azad Engineering; Amber Enterprises India
Growth & Milestones
Major Milestones
2006: Founded as QuEST Global Manufacturing; 2014: Rebranded as Aequs; India's largest aerospace hydraulic press (10K tonne) operational; 2015: Acquired aerospace manufacturing in North America; 2016: Acquired aerospace operations in Europe; received Airbus Innovation Award; 2019: First in India to produce A321 Over Wing Exit Door assemblies; 2021: Groundbreaking of India's first Toy Manufacturing cluster at Koppal; 2023: First external fundraising (₹225 Cr from Amicus Capital, ₹448 Cr from Amansa-led round); 2025: IPO on BSE/NSE (Dec 10, 2025)
Notable Customers
Airbus; Boeing; Bombardier; Safran; Collins Aerospace; Spirit AeroSystems; Eaton; Honeywell; Baker Hughes; Halliburton; Bosch