Synopsis:
ILJIN Electronics, a material subsidiary and electronics division of Amber Group, secured Rs. 1,200 crore in strategic funding from ChrysCapital and InCred PE to expand operations, enhance capabilities, and pursue growth aligned with India’s self-reliance initiatives.
Shares of a backwards-integrated and diversified B2B solutions across three business segments: consumer durables, electronics (including EMS), and railway subsystems & defence are in focus on Monday, after its Electronics arm secured Rs. 1,200 crore from ChrysCapital and InCred Growth Partners.
With a market cap of Rs. 25,383 crores, the shares of Amber Enterprises India Limited hit an intraday high at Rs. 7,889.8 on BSE, up by around 1.3 percent, as against its previous closing price of Rs. 7,790.85. The stock has delivered positive returns of over 65 percent in one year, and has gained by around 2 percent in the last one month.
What’s the News
According to the latest exchange filings, ILJIN Electronics India Pvt Ltd, a material subsidiary and electronics division of Amber Group, has secured strategic funding of Rs. 1,200 crore through separate definitive agreements with leading investors, ChrysCapital and InCred Growth Partners Fund I (InCred PE), along with their respective affiliates.
ChrysCapital, one of India’s leading private equity firms, is leading the funding round with an investment of Rs. 1,100 crores, while InCred PE will invest Rs. 100 crores via combinations of equity shares and compulsory convertible preference shares. The transaction is subject to regulatory approvals.
This marks ILJIN’s first external institutional capital raise, aimed at supporting the company’s growth by expanding its operations, enhancing manufacturing capabilities, and exploring strategic and targeted acquisitions to strengthen its market presence.
The investment aligns with ILJIN’s broader strategy to deploy capital toward advanced facilities & technology, and talent acquisition, in line with India’s ‘Aatmanirbhar’ (self-reliance) initiative, supported by schemes such as the Production Linked Incentive (PLI) and Electronics Components Manufacturing Scheme (ECMS).
ILJIN Electronics specialises in the manufacturing of bare printed circuit boards (PCBs) and PCB assemblies across sectors, including consumer durables, automotive, telecom, healthcare, renewable energy, aerospace, and defence.
Further, ILJIN also offers box build solutions for products like smart watches and routers, as well as energy solutions including BESS, solar inverters, EV charging solutions, and UPS systems. In FY25, ILJIN reported revenues of Rs. 2,194 crores and an operating EBITDA of Rs. 151 crores, with revenue growth at a CAGR of 52 percent from FY22-25.
Financials & more
Amber Enterprises reported a significant growth in its revenue from operations, showing a year-on-year increase of around 44 percent from Rs. 2,401 crores in Q1 FY25 to Rs. 3,449 crores in Q1 FY26. Likewise, its net profit increased during the same period from Rs. 75 crores to Rs. 106 crores, representing a rise of about 41 percent YoY.
Amber Enterprises India Limited is principally engaged in the business of manufacturing and trading of consumer durables, electronics manufacturing services and railway subsystem & mobility and its services.
During FY25, the company entered into a strategic joint venture (JV) with Korea Circuit, a pioneer in the South Korean PCB industry, to foray into advanced technology-oriented manufacturing of HDI, Flex, and Semiconductor Substrate PCBs.
Amber Group has submitted applications under ECMS for projects totalling Rs. 4,190 crore. This includes Rs. 990 crores for multilayer PCBs through Ascent Circuits and Rs. 3,200 crores for HDI/flex PCBs in Ascent-K Circuit, a JV with Korea Circuits.
In addition, through its subsidiary ILJIN, Amber Group announced the acquisition of controlling stakes in Power-One Micro Systems, marking its entry into the rapidly expanding BESS, EV chargers, UPS and solar inverters (on-grid, off-grid and hybrid) market.
Furthermore, the Group has signed definitive agreements to acquire a controlling stake in Unitronics plc, a leading global provider based out of Israel, offering advanced solutions in Industrial Automation and Control Systems, including PLCs, HMIs, PLCs with integrated HMIs, VFDs and other related products.
Written by Shivani Singh
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