The round includes participation from the promoter group, including Mukesh Vasani and Nirmal Vasani, along with a clutch of other investors.
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. (Source: freepik)
Electronics system design and manufacturing company Aimtron Electronics has raised Rs 100 crore 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 clutch of other investors, the company said on Tuesday.
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 said it will use the funds to set up a new greenfield manufacturing facility, enabling the company to scale its growing box-build projects and system-level, end-to-end integration business under one roof, with a revenue target of Rs 1,000 crore.
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.
Speaking on the investment, Mukesh Vasani, CEO of Aimtron Electronics Limited, said the funding accelerates the company's 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.”
Aimtron said it is 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.
Also read: MSME Lending Outpaced Other Sectors Despite Bank Credit Deceleration: RBI
Importantly, to boost skill development in the electronics system design and manufacturing sector in India, the government last year had approved two schemes, viz., Scheme for Financial Assistance to select States/UTs for Skill Development in ESDM Sector and Skill Development in ESDM for Digital India.
The Cumulative skilling target of both the Schemes is 4.18 lakh through National Skills Qualifications Framework (NSQF) compliant courses at L1 to L5 levels.
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