Electronics System Design and Manufacturing (ESDM) company Aimtron Electronics Limited has raised around ₹100 crore through a preferential issue of convertible warrants. The company said the funds will be used to build a greenfield manufacturing facility aimed at supporting its expanding system-level integration and box-build services.
The company’s Board of Directors approved the issuance of up to 14,79,000 warrants priced at ₹666 each, convertible into fully paid-up equity shares with a face value of ₹10 and a premium of ₹656. According to Aimtron, the aggregate raise amounts to ₹98.5 crore. The promoter group, including Chief Executive Officer Mukesh Vasani and Global Chief Operating Officer Nirmal Vasani, participated in the round alongside several unnamed investors.
Founded in 2011, Aimtron operates in the Electronics System Design and Manufacturing (ESDM) sector. The company provides printed circuit board (PCB) assembly, electronic manufacturing services (EMS), design and full box-build solutions. It currently runs facilities in Vadodara, Ahmedabad and Bengaluru, while its parent firm is based in Chicago, USA.
Aimtron said the new facility will be developed on a three-acre site and include up to five Surface Mount Technology (SMT) lines along with end-to-end assembly infrastructure. The company described the move as a strategic investment to scale its production capacity and deepen its capabilities in high-value, complex electronics manufacturing.
According to the company, the expansion aligns with government initiatives such as ‘Make in India’ and ‘Aatmanirbhar Bharat’. It said the new site will help consolidate its operations, reduce lead times and improve reliability for customers.
“This fundraise accelerates our already above-average growth trajectory by enabling the creation of a future-ready manufacturing ecosystem,” said Mukesh Vasani. “Riding the momentum of the ‘Make in India’ and ‘Aatmanirbhar Bharat’ initiatives—and backed by the vision of our progressive government and committed investors—we are setting up a high-value, advanced ESDM facility. This new facility will empower us to innovate, scale, and compete at a global level.”
Aimtron has not provided a timeline for the facility’s completion or a detailed breakdown of how the ₹100 crore will be allocated across capital expenditure, equipment, or staffing. The company claimed that the new manufacturing unit is projected to support a revenue target of ₹1,000 crore.
“There is a growing global shift toward value-added manufacturing from India, and Aimtron is at the forefront of this momentum,” said Nirmal Vasani. “The new facility will enhance our ability to offer end-to-end box-build solutions under one roof, reduce lead times, and manage high volumes for efficient and reliable electronic solutions across industries.”
Aimtron serves clients in sectors such as automotive, medtech, industrial automation, power, gaming, and robotics. It is also looking to expand into newer domains including aerospace and defence, telecommunications, IoT and AI-enabled applications. The company said this sectoral focus is supported by its upgraded infrastructure and engineering teams.
