Raghu Vamsi Aerospace Group (RVAG), a fast-growing Indian aerospace and defence company, has raised $40 million (around ₹400 crore) in a Series B funding round to support its next phase of growth. The Hyderabad-based company plans to use the fresh investment to increase its manufacturing capacity, expand its global operations, and develop advanced defence technologies.
The funding round was co-led by Norwest and Skegen Asset Management. Other investors included Indus Bridge Ventures, GJNX Ventures, and investor Ashish Kacholia.
The company said the money will be used to expand its manufacturing facilities in India, the United Kingdom, and the United States. It will also help speed up the development of its new integrated campus in Hyderabad and strengthen its Deep-Tech, Autonomous Systems, and Mission Systems businesses.
The latest investment also highlights growing confidence in India’s defence manufacturing sector, as more local companies are becoming part of the global aerospace supply chain and supporting the country’s goal of reducing dependence on imports.
New Hyderabad Facility to Create More Jobs
Along with the funding announcement, Raghu Vamsi Aerospace Group is investing ₹300 crore to build a modern aerospace manufacturing facility in Telangana’s Hardware Park at Shamshabad Aerospace Park, near Hyderabad International Airport.
The new campus will spread across eight acres and cover nearly 200,000 square feet. It will have three buildings with dedicated manufacturing areas for 15 different Original Equipment Manufacturers (OEMs). The foundation stone for the project was recently laid by Telangana IT and Industries Minister D. Sridhar Babu.
The facility is expected to be fully operational by the end of September 2025. Once completed, it is expected to create between 1,200 and 2,000 direct jobs over the next three years.
The project also supports Telangana’s MSME policy, which encourages advanced manufacturing and industrial growth in the state. As demand continues to grow in both the commercial aviation and defence sectors, the new facility is expected to increase India’s aerospace manufacturing capacity.
RVAG currently earns around $60 million in annual revenue and has recorded a compound annual growth rate (CAGR) of more than 35% over the last five years. The company also has an order book worth between ₹2,000 crore and ₹2,500 crore, giving it strong business visibility for the coming years.
The group operates more than 10 manufacturing units across India, the UK, and the US and employs hundreds of skilled professionals. It recently strengthened its international presence by acquiring the UK-based PMC Group, helping expand its business in both aerospace and the oil and gas industry.
Company Expands Through Partnerships and Advanced Technologies
Raghu Vamsi Aerospace Group has been growing steadily through strategic partnerships and joint ventures.
One of its biggest projects is Skanda Aerospace Technology Pvt Ltd, a joint venture with Texas-based Rave Gears. The company is investing ₹250 crore to build India’s first private manufacturing facility for helicopter gears and gearboxes at Adibatla near Hyderabad. The project is expected to improve India’s ability to manufacture critical helicopter components within the country.
RVAG has also entered the autonomous defence technology sector through ARROBOT, a joint venture formed with Par East Robotics in 2023. The company develops unmanned guided vehicles that can be used for military logistics and industrial operations. These vehicles have already received orders from multinational companies as well as government organisations.
Apart from these ventures, RVAG has partnerships with leading aerospace companies and works closely with institutions such as IITs, IIITs, ARCI, ADA, and DRDO. Its subsidiaries, including Comprotech and WMT Precision, also support its manufacturing operations.
Today, the company provides complete aerospace manufacturing services under one roof, including design, engineering, testing, machining, assembly, and specialised manufacturing processes. It supplies precision components for major commercial aircraft programmes, including the Airbus A320 and Boeing 737 MAX.
The company also manufactures important defence components for organisations such as ISRO, DRDO, HAL, and Bharat Dynamics Limited. These include rocket motor casings, thrust vector control systems, air bottles, and other critical defence equipment.
In addition to contract manufacturing, RVAG is developing its own advanced technologies, including micro turbojet engines, loitering munitions, target simulators, drones, and unmanned ground vehicles.
From a Small Workshop to a Global Aerospace Company
Raghu Vamsi Aerospace Group was founded in 1992 by the late G. Thrimurthulu. The company first worked in the power transmission sector before moving into precision engineering in 1998.
After his sudden death in 2004, his son Vamsi Vikas took charge of the business at the age of just 22. Over the years, he transformed a small workshop into an internationally recognised aerospace and defence manufacturing company.
Today, the company is led by Managing Director Vamsi Vikas, CEO Siva Arvinth, and Director Preeti Vamsi.
Looking ahead, RVAG wants to do much more than manufacture aerospace components. Its long-term goal is to build a fully indigenous aircraft engine, supporting India’s vision of becoming self-reliant in aerospace and defence technology. With fresh funding, expanding manufacturing facilities, and growing expertise, the company is well placed to play an important role in the future of India’s aerospace industry.