ILJIN Electronics, an electronics manufacturing services (EMS) company under Amber Group, has raised INR 1,200 crore in its first institutional funding round from ChrysCapital and InCred Growth Partners Fund I.
ChrysCapital will invest INR 1,100 crore and InCred PE will contribute INR 100 crore through equity and compulsory convertible preference shares, subject to regulatory approvals.
The funds will be used to expand manufacturing capacity, upgrade technology, and support strategic acquisitions, strengthening ILJIN’s position in India’s electronics supply chain.
Jasbir Singh, Executive Chairman and CEO and Whole Time Director of Amber Group, said, “The Rs 1,200 crore fund raise will empower us to pursue both organic expansion and strategic inorganic opportunities, reinforcing our leadership in PCB and EMS solutions.”
Raghav Ramdev, Managing Director, ChrysCapital said, “The EMS sector is poised for robust growth given multiple industry tailwinds including the recent ECMS scheme. ChrysCapital is very excited to partner with Amber Group, which has exhibited strong scale-up & execution complemented by accretive acquisitions in higher entry barrier segments.”
ILJIN Electronics, part of Amber Group, manufactures PCBs, PCB assemblies, and box-build solutions for various industries such as consumer durables, automotive, telecom, renewable energy, healthcare, aerospace, and defence.
The company also produces battery storage systems, EV chargers, solar inverters, and UPS systems.
ILJIN Electronics also provides box-build solutions for devices like smartwatches, routers, battery energy storage systems, solar inverters, EV chargers, and UPS systems.
In FY25, the company reported INR 2,194 crore in revenue and INR 151 crore in operating EBITDA, with revenues growing at a 52% CAGR between FY22 and FY25.
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