**ILJIN Electronics Secures ₹1,200 Crore Investment to Boost Operations**
ILJIN Electronics (India) Pvt Ltd, a subsidiary of Amber Group, has successfully raised ₹1,200 crore from ChrysCapital and InCred Growth Partners. This funding aims to enhance operations, bolster technology, and facilitate acquisitions within India’s burgeoning electronics sector. ChrysCapital is set to invest ₹1,100 crore, while InCred PE will contribute ₹100 crore through equity and compulsory convertible preference shares, pending regulatory approvals.
The newly acquired capital will be utilized to scale manufacturing capabilities, enhance technological expertise, and support strategic acquisitions in the electronics manufacturing services (EMS) sector. This investment arrives at a pivotal moment as India intensifies efforts to localize electronics manufacturing and reduce dependency on imports. With a surge in EMS demand across consumer electronics, electric vehicles (EVs), and renewable energy, this deal highlights the increasing significance of domestic players like ILJIN in seizing opportunities from both local consumption and global supply chain diversification away from China.
**Product and Growth Focus**
ILJIN specializes in manufacturing bare printed circuit boards (PCBs) and PCB assemblies for various sectors, including consumer durables, automotive, telecommunications, healthcare, aerospace, defense, and renewable energy. The company’s product offerings also encompass box-build solutions, battery energy storage systems (BESS), EV chargers, uninterruptible power supply (UPS) systems, and solar inverters. In FY25, ILJIN reported revenues of ₹2,194 crore and an operating EBITDA of ₹151 crore, supported by a robust 52% revenue CAGR from FY22 to FY25.
Amber Group, the parent company, has also sought government incentives under the Electronic Components Manufacturing Scheme (ECMS) and has made strategic acquisitions, including Power-One Micro Systems and a stake in Israel-based Unitronics plc. This fresh investment positions ILJIN to further scale its operations and enhance its role in India’s expanding EMS and electronics manufacturing landscape.
**Industry Outlook**
India’s EMS market is projected to reach $80 billion over the next five years, driven by mobile technology, consumer electronics, lighting, and automotive sectors, according to an EY report. Key growth drivers include import substitution, rising domestic demand, and supply chain diversification. As of June 2025, electronics imports amounted to $8.4 billion, making it the country’s second-largest import item after crude oil, underscoring the urgency for domestic capacity-building.
Simultaneously, structural tailwinds from energy transition and EV adoption are accelerating the demand for advanced electronics. India added 30 GW of clean energy capacity in FY24–25, with solar installations surpassing 105 GW towards the 2030 target of 500 GW. Battery energy storage system (BESS) tenders have increased to 12.8 GWh, indicating a growing requirement for innovative energy solutions.
**FAQ**
**What is ILJIN Electronics’ primary focus?**
ILJIN Electronics primarily focuses on manufacturing printed circuit boards and assemblies for various industries, including consumer electronics, automotive, and renewable energy, while also expanding its capabilities in electronics manufacturing services.
