Aequs plans to use its latest fundraising to reduce borrowings and expand its aerospace business, said Aravind Melligeri, Executive Chairman and CEO of the company. The Karnataka-based manufacturer operates in two areas — aerospace and consumer products — and is working to scale both.

The company currently carries debt of about ₹530 crore. “We will pay the majority of the debt through this fundraising,” Melligeri said. He added that the move will lower interest costs and support profitability.

Aequs is also investing ₹60–65 crore of capital expenditure, mainly in aerospace. Melligeri said the company has historically generated “two times the capital employed,” which should support additional revenue. Based on current capacity and the planned expansion, the peak potential revenue of the b

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