Aequs to set up MRO facility this year, plans to hire more people
aerospace manufacturing capabilities, expand consumer segment footprint as well as set up an MRO this year. The company will also ramp up manpower by around 1,000 people in the financial year ending March 2026, according to its Chairman and CEO Aravind Melligeri.
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Aequs — which provides vertically integrated product solutions for the aerospace and consumer goods industries, including high precision electronics components — currently has around USD 120 million annual revenues.
Airbus, Boeing, Collins and Safran are among the aerospace customers of Aequs, which also has facilities in France and the US.
Elaborating on the future plans, Melligeri mentioned about expanding into the precision consumer electronics space and setting up the Maintenance, Repair and Overhaul (MRO) jointly with Canada's Magellan Aerospace Corporation in 2025. Initially, the facility will start with works for turboprop engines.
«Consumer electronics is also a field where we feel we can expand… consumer durables side, we initially focused on domestic market and now we will focus on the exports side,» he said during an interaction here this week.
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