ILJIN Electronics, a manufacturer of Printed Circuit Boards (PCBs) in India, has secured an investment of ₹1,200 crore from Chris Capital and InCred PE. The company will utilize this funding to enhance its manufacturing capacity, expand its business operations, and invest in new ventures. This marks the first significant external investment, poised to accelerate the company's growth trajectory.
ILJIN Electronics, specializing in the production of bare Printed Circuit Boards (PCBs) and PCB assemblies, has received a total investment of ₹1,200 crore from Chris Capital and InCred PE. Chris Capital contributed ₹1,100 crore, while InCred PE invested ₹100 crore. This investment will be in the form of equity and convertible preference shares. The company intends to deploy these funds to augment its manufacturing capabilities, scale its business operations, and pursue potential acquisitions.
First External Investment
This is the first instance where an external entity has made such a substantial investment in ILJin Electronics. The company has stated that this funding will enable them to expand their manufacturing capacities and broaden their business scope. Furthermore, the company is considering acquisitions of other businesses, which will strengthen its market position.
What ILJin Electronics Does
ILJin Electronics is a part of Amber Enterprises. The company primarily manufactures bare Printed Circuit Boards and PCB assemblies. These products find application across various industries, including consumer durables, automotive, telecom, healthcare, renewable energy, aerospace, and defence.
In addition, ILJin offers box-build solutions for smartwatches, routers, battery energy storage systems, solar inverters, EV charging solutions, and UPS systems. This indicates that the company is actively involved in several critical areas of electronics manufacturing.
Company's Financial Performance
The company achieved a revenue of ₹2,194 crore in FY25. Its operating EBITDA stood at ₹151 crore. The company's revenue growth rate from FY22 to FY25 has been 52 percent. This signifies that ILJin Electronics has demonstrated consistent b performance over the past few years and is experiencing rapid growth.
Jasbir Singh, Executive Chairman and CEO of Amber Group, stated, “This funding of ₹1,200 crore will empower the company to further expand its business and explore new opportunities. This will further solidify our position in PCB and EMS solutions.”
Battery Energy Storage and New Initiatives
Amber Group has also recently acquired a stake in Power-One Micro Systems. Through this venture, the company will enter the market for battery energy storage systems, EV chargers, UPS, and solar inverters. This sector is currently experiencing rapid growth.
Additionally, Amber Group has entered into an agreement to acquire a stake in Unitronics PLC. Unitronics is an Israeli company operating in industrial automation and control systems. It offers PLCs, HMIs, PLCs with integrated HMIs, VFDs, and other solutions.
Amber Group: A Manufacturing Leader Across the Country
Amber Group is a leading B2B solutions provider in the consumer durables, electronics, and railway/defence segments. The group operates 31 manufacturing units nationwide. Currently, Amber Group is the largest player in the Indian air conditioner industry.
The group's expertise spans electronics manufacturing, BESS, solar inverters, EV charging, PLC, and automation systems. ILJin Electronics, under this group, is strengthening these technical and manufacturing capabilities.
