9 September 2025
ILJIN Electronics (India) Pvt Ltd, an electronics manufacturing services (EMS) unit under the Amber Group, has successfully secured ₹1,200 crore(INR 12 Billion) in a landmark institutional funding round—its first-ever external capital infusion. The investment was led by ChrysCapital, which committed ₹1,100 crore, alongside ₹100 crore from InCred Growth Partners Fund I (InCred PE), both via a mix of equity and compulsory convertible preference shares. The deal is currently pending regulatory approval.
This capital injection will be earmarked for multiple strategic priorities. Primarily, it will scale up ILJIN’s manufacturing footprint and enhance its technological capabilities. The company also plans to pursue targeted acquisitions to enhance its competitive edge in the EMS space, including recent moves involving Power-One Micro Systems and a stake in Israel’s Unitronics plc.
Founded in 2001 and headquartered in Greater Noida, ILJIN reported a robust FY25 performance—₹2,194 crore in revenues and ₹151 crore in operating EBITDA, supported by a strong compound annual growth rate (CAGR) of 52% from FY22 to FY25. The company specializes in manufacturing bare printed circuit boards (PCBs), PCB assemblies, and providing box-build solutions. Its offerings span across consumer durables, automotive, telecom, healthcare, defense, renewable energy, and aerospace, including advanced products like EV chargers, battery energy storage systems (BESS), solar inverters, and UPS systems.
This strategic fundraising aligns with India’s broader push to bolster self-reliance in electronics manufacturing through government initiatives such as the Production Linked Incentive (PLI) scheme and the Electronics Components Manufacturing Scheme (ECMS). These programs are aimed at reducing the nation’s reliance on imports and amplifying domestic production capabilities
