ILJIN Electronics Secures ₹1,200 Crore Boost from ChrysCapital and InCred PE
ILJIN Electronics, a leading provider of electronic manufacturing services, has secured a significant investment from fidelity investments ChrysCapital and india's InCred PE to boost its operations and growth. The fundraiser, led by ChrysCapital with an investment of Rs 1,100 crore and supported by InCred PE with Rs 100 crore, has been cleared by the Competition Commission of India.
The investment will enable ILJIN to expand its operations, enhance manufacturing capabilities, and explore strategic acquisitions. ILJIN Electronics India Pvt Ltd offers a wide range of services, including PCB assemblies, box-built products, energy solutions, and industrial automation solutions. The company has shown remarkable growth, reporting revenue of Rs 2,194 crore and operating EBITDA of Rs 151 crore in FY 25, with a CAGR of 52% from FY22-25.
ChrysCapital and InCred Capital will acquire certain compulsorily convertible preference shares and equity shares in ILJIN Electronics India Pvt Ltd. While specific details about the share amounts and companies involved in Continuum Green Energy Holdings Ltd's share purchases remain private, the deal is expected to strengthen ILJIN's financial position and support its expansion plans.
With the investment from fidelity investments ChrysCapital and InCred PE, ILJIN Electronics is poised for further growth and expansion. The company's strong financial performance and diverse service offerings make it an attractive investment opportunity. The CCI's clearance of the deal paves the way for ILJIN to enhance its manufacturing capabilities and explore strategic acquisitions.
