Amber Group's ILJIN Electronics to raise Rs 1,200 crore from private equity investors

Electronics manufacturing services (EMS) firm ILJIN Electronics, part of Amber Group, raised ₹1,200 crore in its first institutional funding round from ChrysCapital and InCred Growth Partners Fund I.

The company said ChrysCapital will invest ₹1,100 crore and InCred PE ₹100 crore through equity and compulsory convertible preference shares, pending regulatory approvals. 

The funds will expand ILJIN’s manufacturing capacity, upgrade technology, and support strategic acquisitions, strengthening its role in India’s electronics supply chain.

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Jasbir Singh, Executive Chairman and CEO and Whole Time Director of Amber Group, said, “The Rs 1,200 crore fund raise will empower us to pursue both organic expansion and strategic inorganic opportunities, reinforcing our leadership in PCB and EMS solutions."

Raghav Ramdev, Managing Director, ChrysCapital said, “The EMS sector is poised for robust growth given multiple industry tailwinds including the recent ECMS scheme. ChrysCapital is very excited to partner with Amber Group, which has exhibited strong scale-up & execution complimented by accretive acquisitions in higher entry barrier segments."

ILJIN Electronics, part of Amber Group, manufactures PCBs, PCB assemblies, and box-build solutions for sectors like consumer durables, automotive, telecom, renewable energy, healthcare, aerospace, and defence. It also produces battery storage systems, EV chargers, solar inverters, and UPS systems.

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ILJIN also offers box-build solutions for smartwatches, routers, battery energy storage systems, solar inverters, EV chargers, and UPS systems. In FY25, the company reported ₹2,194 crore in revenue and ₹151 crore in operating EBITDA, with revenues growing at a 52% CAGR from FY22–FY25.

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