Rangsons Aerospace raises Rs 300 Cr led by ValueQuest

Rangsons Aerospace, a product technology firm for aerospace, defense and homeland security, has raised Rs 300 crore ($36.5 million) led by ValueQuest Investment Advisors and had Anand Rathi Advisors as the financial advisor for the transaction.

The proceeds will be used to produce products and solutions for the commercial and military aviation markets globally, and drive growth into new business areas through strategic acquisitions. 

Rangsons Aerospace is part of NR Group, a business group based in Mysore. It has three facilities across Bangalore and Mysore. Its product lines include satellite communications systems, airborne thermal management and fluid distribution solutions. 

Rangsons is a tier I partner to global aerospace majors such as Boeing, GE, and Honeywell, among others. 

It also supplies several critical systems to Indian majors such as ISRO, Indian Navy, HAL and others.