Amber Group's ILJIN Electronics Secures Rs 1,200 Crore in Private Equity Funding

Amber Group, a domestic contract manufacturer in the consumer durables and electronics sector, announced that its subsidiary, ILJIN Electronics India, will secure Rs 1,200 crore from private equity investors. This marks ILJIN's first external institutional capital raise. The funds will be used to expand operations and improve manufacturing capabilities while considering strategic acquisitions to bolster its market position, according to Amber's regulatory filing.

ChrysCapital, a major private equity fund in India, is spearheading this funding round with an investment of Rs 1,100 crore. InCred Growth Partners Fund I InCred PE will contribute Rs 100 crore through equity shares and compulsory convertible preference shares. This financial backing supports ILJIN's strategy to invest in advanced facilities, technology, and talent acquisition.

Investment Supports India's Self-Reliance Vision

The investment aligns with India's Aatmanirbhar vision for self-reliance in electronics. It complements initiatives like the Production Linked Incentive (PLI) scheme and Electronics Components Manufacturing Scheme (ECMS). These initiatives aim to boost domestic manufacturing capabilities and reduce dependency on imports.

ILJIN Electronics, part of Amber Enterprise's Electronic Division, focuses on producing bare printed circuit boards (PCBs) and PCB assemblies. Their products cater to various sectors including consumer durables, automotive, telecom, healthcare, renewable energy, aerospace, and defence. They also offer box-build solutions for smart devices and energy systems.

ILJIN's Diverse Product Range

ILJIN provides comprehensive solutions such as battery energy storage systems, solar inverters, EV charging solutions, and UPS systems. Their expertise extends to manufacturing components for smart watches and routers. This diverse product range positions ILJIN as a key player in multiple industries.

In the fiscal year 2025, ILJIN reported revenues of Rs 2,194 crore. This financial performance underscores their significant presence in the electronics manufacturing sector. The new investment is expected to further enhance their growth trajectory by enabling expansion and technological advancements.

The collaboration with ChrysCapital and InCred PE is a strategic move for ILJIN. It not only provides the necessary capital but also aligns with the broader national goals of enhancing domestic manufacturing capabilities. This partnership is set to strengthen ILJIN's market position and support India's journey towards self-reliance in electronics.

With inputs from PTI