With ₹1,200 crore in institutional funding, ILJIN Electronics is set to scale operations and lead India’s booming electronics manufacturing sector. ILJIN Electronics India, the electronics arm of Amber
With ₹1,200 crore in institutional funding, ILJIN Electronics is set to scale operations and lead India’s booming electronics manufacturing sector.
ILJIN Electronics India, the electronics arm of Amber Enterprises, has made a big move by raising ₹1,200 crore in its first institutional funding round. The investment was led by ChrysCapital, a homegrown private equity firm, with participation from InCred Growth Partners Fund I (InCred PE). The deal marks a significant milestone in ILJIN’s growth journey as India’s electronics manufacturing sector witnesses rapid expansion and rising global demand.
The funding round saw ₹1,100 crore contributed by ChrysCapital, while InCred PE invested ₹100 crore. The structure of the deal includes a mix of equity shares and compulsory convertible preference shares, giving investors both ownership and future growth potential.
This is the first institutional funding round for ILJIN Electronics, underscoring the company’s transition from a growing player to a large-scale industry leader. With this capital, ILJIN aims to scale up its operations, enhance manufacturing capabilities, and pursue strategic acquisitions in high-growth segments like renewable energy, electric mobility, and telecom infrastructure.
Based in Greater Noida, ILJIN Electronics is a leading manufacturer of bare printed circuit boards (PCBs) and PCB assemblies. These components are critical in a wide range of industries, including:
In addition to core PCB manufacturing, ILJIN also offers integrated box-build solutions, which involve assembling complete electronic systems and products. These solutions are used in devices such as:
This diversified portfolio allows ILJIN to serve both established industries and emerging sectors, positioning it well for long-term growth.
The newly raised funds will be deployed across several key areas:
ILJIN has already started its acquisition journey. It recently acquired a controlling stake in Power-One Micro Systems, a Bengaluru-based company specializing in energy storage, EV chargers, and solar inverters. This move enhances ILJIN’s presence in high-growth renewable energy markets.
Additionally, ILJIN has signed agreements to acquire Unitronics, an Israel-based industrial automation firm, further diversifying its technological capabilities and global reach.
ILJIN’s recent financial results underscore its robust growth. For the fiscal year 2024-25, the company reported:
Between FY22 and FY25, the company achieved a compound annual growth rate (CAGR) of 52%, reflecting rapid expansion and growing market acceptance.
These results reinforce investor confidence and position ILJIN as a rising star in India’s electronics ecosystem.
India’s electronics manufacturing sector is currently riding a wave of growth, driven by global supply chain shifts, government incentives, and rising domestic demand. As companies look to reduce reliance on imports and enhance self-sufficiency, manufacturers like ILJIN are playing a vital role in meeting demand across industries.
Jasbir Singh, Executive Chairman and CEO of Amber Enterprises, highlighted the importance of this investment:
“This funding will empower us to pursue both organic expansion and strategic inorganic opportunities, reinforcing our leadership in PCB and EMS solutions.”
With rising demand for electric vehicles, renewable energy solutions, and consumer electronics, ILJIN’s capabilities are becoming increasingly relevant. The funding not only strengthens its manufacturing footprint but also accelerates innovation in high-growth sectors.
ILJIN’s growth strategy revolves around a balanced approach – investing in internal capacity building while selectively acquiring companies that complement its existing offerings. By entering segments like energy storage and automation, ILJIN is positioning itself at the forefront of technological transformation.
Its focus on PCBs and electronic system assemblies makes it a key enabler for industries that are essential to India’s future development, such as green energy, smart mobility, and digital communication networks.
With this landmark funding round, ILJIN is well-poised to become a cornerstone of India’s electronics manufacturing landscape, contributing not only to industrial growth but also to job creation and technological innovation.
The successful closing of this ₹1,200 crore funding round signals a turning point for ILJIN Electronics. With robust backing from ChrysCapital and InCred PE, strong financial performance, and a clear growth roadmap, ILJIN is emerging as a major force in the electronics space.
As the company ramps up its operations and expands into new markets, it is set to redefine how electronic components and systems are built in India and beyond.
