Leading Aerospace components maker Aequs Pvt. Ltd., has secured a contract with the world’s largest aircraft maker Airbus for supply of critical components for the A320, A330neo and A350 over an extended period.
This transformative award marks a significant milestone not only for Aequs, but also for the Indian aerospace industry, exemplifying the country’s growing significance as a global aerospace manufacturing hub, deepening Airbus’ Make in India drive. The contract was signed by Gunnar Hansen, Head of Strategic Procurement, Detail Parts, Airbus Aerostructures, and Nils Witt, Chief Procurement Officer, Airbus Aerostructures, and Mohamed Bouzidi, President Aerospace, Aequs at Belagavi recently.
Under the terms of the agreement, Aequs will make detailed parts, and parts with bench assembly for wings, fuselage, and pylons for Airbus’ popular single-aisle family of aircraft over a period of ten years.
This landmark contract signifies Aequs’ rise to the status of a strategic partner and highlights the trust and confidence that the world’s largest aircraft maker places in its ability to meet the highest industry standards and consistently deliver top-notch aerospace components.
Aravind Melligeri, Chairman & CEO, Aequs, said: “This contract is a significant moment in Aequs’ journey with Airbus. We are proud to stand alongside the world’s largest aircraft maker as a long-term strategic partner. It is also a testimony to the confidence in Aequs by global OEMs to enter a deeper and longer relationships particularly at a time when the global supply chain is passing through a recalibration. This stems from the robustness of the Aequs Aerospace ecosystem and its supply chain robustness.”
Aequs, which also counts most other global Aerospace companies among its customers, has been a longstanding supplier to Airbus which was its first OEM customer and has consistently been a preferred Detailed Parts Partner (D2P) partner to it for well over a decade now.
Airbus was the first OEM to recognize Aequs’ vision to build a world-class aerospace ecosystem in India and conferred the prestigious Airbus Innovation Award in 2016 acknowledging the unique value proposition that the Aequs Aerospace SEZ at Belagavi offered to customers. Earlier this year, Aequs received the Airbus Operational Excellence Award and the D2P CHALLENGER Award in recognition of continued confidence in our sustained performance and strategic position as a trusted supplier.
Founded in 2006 and nurtured as a unique, diversified contract manufacturing company, Aequs (www.aequs.com), provides vertically integrated product solutions across the Aerospace, Toys, and Consumer Durable Goods industries.
Aequs raises Rs 448 crore in funding
Aequs Pvt. Ltd., has raised $54 million (Rs 448 crore) in a fresh round of equity funding led by Singapore-based Amansa Capital, which brings on board five new investors. Apart from Amansa, the current round includes leading global investment firm Steadview Capital, Catamaran, the family office of Infosys founder N. R, Narayana Murthy, Sparta Group LLC., the investment office of Desh Deshpande, and other individual investors. This follows an earlier round of Rs 225 crore in April 2023 led by Amicus Capital, which has also participated in the current round through its affiliates.