Amber Group’s ILJIN Electronics Locks In ₹1,200 Crore for Expansion

ILJIN Electronics India, a material subsidiary and part of the Electronics Division of Amber Group, has successfully raised ₹1,200 crore in its first institutional funding round, marking a major milestone in its growth journey.

The investment comes through definitive agreements with leading private equity investors ChrysCapital and InCred Growth Partners Fund I (InCred PE), along with their affiliates. ChrysCapital will invest ₹1,100 crore, while InCred PE will contribute ₹100 crore through a mix of equity shares and compulsorily convertible preference shares, subject to regulatory approvals.

This strategic capital infusion will fuel ILJIN’s plans to scale operations, expand manufacturing capacity, and pursue selective acquisitions, further strengthening its position in the electronics manufacturing ecosystem. The funds will also be deployed toward building advanced facilities, adopting cutting-edge technologies, and investing in talent development, in alignment with India’s ‘Aatmanirbhar Bharat’ vision under government schemes such as the Production Linked Incentive (PLI) and Electronics Components Manufacturing Scheme (ECMS).

ILJIN specializes in bare PCBs, PCB assemblies, and box-build solutions, catering to key sectors including consumer durables, automotive, telecom, renewable energy, and defense.

In parallel, Amber Group has submitted applications under ECMS, proposing ₹990 crore investment in multilayer PCBs through Ascent Circuits, and ₹3,200 crore in HDI/flex PCBs via Ascent-K Circuit, its joint venture with Korea Circuits—further signaling its commitment to deepening India’s electronics manufacturing capabilities.

News by Rahul Yelligetti.