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Aimtron Electronics to set up new facility; raises Rs 1 bn via warrants issue
Articles- Jul 15,25
The new greenfield facility is expected to drive Rs 10 billion revenue with one stop for end-to-end box build solutions.
Mumbai
Aimtron Electronics Limited, a fast-growing Electronics System Design and Manufacturing (ESDM) company, has announced a fundraise of approximately ? 1 billion through the issuance of convertible warrants on a preferential basis. The round includes participation from the promoter group including Mukesh Vasani and Nirmal Vasani along with a host of marquee investors.
The Board of Directors of Aimtron Electronics has approved the issuance of up to 14,79,000 warrants of the company, at the price of Rs 666 per warrant each convertible into, for one fully paid-up equity share of the company of face value of Rs 10 at a premium of Rs 656 aggregating up to Rs 98,50,14,000 to the proposed allottees.
Aimtron will use the funds to set up a new greenfield manufacturing facility, enabling Aimtron to scale its growing box-build projects and system-level, end-to-end integration business under one roof, with a revenue target of Rs 10 billion.
The upcoming greenfield facility, spread across 3 acres of land, will house up to five advanced Surface Mount Technology (SMT) lines and end-to-end assembly units. This expansion marks a strategic step forward in boosting production capacity and deepening capabilities in high-value, complex ESDM facility aligned with the vision of Make in India.
Mukesh Vasani, CEO, Aimtron Electronics Limited, said, “This fundraise accelerates our already above-average growth trajectory by enabling the creation of a future-ready manufacturing ecosystem. Riding the momentum of the 'Make in India' and 'Aatmanirbhar Bharat' initiatives—and backed by the vision of our progressive government and committed investors—we are setting up a high-value, advanced ESDM facility. This new facility will empower us to innovate, scale, and compete at a global level.”
Nirmal Vasani, Global Chief Operating Officer, Aimtron Electronics Limited, added, ““There is a growing global shift toward value-added manufacturing from India, and Aimtron is at the forefront of this momentum. The new facility will enhance our ability to offer end-to-end box-build solutions under one roof, reduce lead times, and manage high volumes for efficient and reliable electronic solutions across industries. It marks a significant step forward in our ambition to position India as a scalable and dependable global manufacturing partner.”
Aimtron is also actively expanding into high-growth sectors including aerospace and defense, telecom and network security, IoT, and AI-driven applications, supported by upgraded infrastructure and experienced engineering teams.
Founded in 2011, Aimtron Electronics provides EMS, PCB assembly, box-build, and design services. With facilities in Vadodara, Ahmedabad, and Bengaluru, and a parent company headquartered in Chicago (USA), Aimtron serves customers across the automotive, medtech, aerospace, industrial, power, gaming, IoT, and robotics sectors.
Mukesh Vasani
Nirmal Vasani
Aimtron Electronics
Electronics System Design and Manufacturing
ESDM
Surface Mount Technology
Make in India
Aatmanirbhar Bharat
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