Aimtron Electronics has raised nearly ₹100 crore through a preferential allotment of convertible warrants to support its greenfield manufacturing expansion in India. The move signals the company’s aggressive growth push, aligning with national initiatives such as ‘Make in India’ and ‘Aatmanirbhar Bharat.’
The board-approved allotment includes significant participation from the promoter group, including CEO Mukesh Vasani and COO Nirmal Vasani. A total of 14,79,000 warrants priced at ₹666 each have been issued. Once converted, they will yield equity shares with a face value of ₹10, backed by a premium of ₹656, translating into an infusion of ₹98.5 crore.
Focus on integration, scale, and global competitiveness
The capital will fund the establishment of a high-capacity electronics manufacturing facility on a 3-acre plot, designed to support Aimtron’s system-level integration and box-build services. The company has set a revenue target of ₹1,000 crore, aiming to reduce lead times, streamline operations, and deliver fully integrated electronic manufacturing under one roof.
The upcoming plant will feature up to five advanced Surface Mount Technology (SMT) lines, alongside end-to-end assembly capabilities. This infrastructure will enable Aimtron to serve high-growth sectors such as aerospace, defence, telecom, IoT, and AI-driven verticals.
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With operational bases in Vadodara, Ahmedabad, and Bengaluru, the firm plans to scale its Indian footprint with support from local engineering talent and strategic investors. Headquartered in Chicago, Aimtron is looking to position India as a global value-add manufacturing hub, capitalising on the global shift toward localisation.
Founded in 2011, Aimtron provides EMS, PCB assembly, and design services across industries including medical technology, power systems, automotive, gaming, and industrial robotics.
