New ₹1B investment to power Aimtron’s SMT-driven facility, targeting ₹10B revenue under Aatmanirbhar Bharat.
Aimtron Electronics Limited has raised approximately ₹1 billion through a preferential allotment of convertible warrants, aimed at financing a new greenfield electronics manufacturing facility spread over three acres.
The company’s board approved the issuance of ₹1.479 million warrants at ₹666 each, with each warrant convertible into one fully paid-up equity share. The total capital infusion stands at about ₹985 million, with participation from promoters Mukesh Vasani and Nirmal Vasani, along with other investors.
The upcoming plant will house five Surface Mount Technology (SMT) lines and end-to-end assembly units, focused on system-level box-build integration. Aimtron estimates that the facility will enable the company to achieve a revenue target of ₹10 billion by consolidating its manufacturing capabilities.
CEO Mukesh Vasani stated that the investment aligns with national initiatives like Make in India and Aatmanirbhar Bharat, and will help the company build a future-ready electronics manufacturing ecosystem.
Global COO Nirmal Vasani added that the new plant is designed to improve lead times, handle higher production volumes, and strengthen India’s position as a competitive electronics manufacturing hub.
Founded in 2011, Aimtron operates in Vadodara, Ahmedabad, and Bengaluru, serving industries such as aerospace, defence, telecom, IoT, and industrial automation. The company also has a parent organisation based in Chicago, USA.
The expansion signifies a strategic initiative to enhance operations and address the growing global demand for advanced electronic solutions.
