Aequs Limited, incorporated in 2000, has evolved into an integrated precision-manufacturing platform anchored in Bengaluru and its aerospace SEZ in Belagavi. As one of India’s few vertically integrated aerospace ecosystems, it combines machining, forgings, processing, surface treatments, and complex assemblies within cluster-based facilities—reducing logistical dependencies, improving turnaround, and enabling multi-stage value capture in a sector with stringent qualification and long development cycles.

Aequs supplies precision components across engines, landing gear, structures, interiors, and actuation systems to global OEMs and Tier-1 players such as Airbus, Boeing, Collins, and Eaton. Despite strong capabilities, Aequs remains loss-making due to capital intensity and under-utilized capacity, reporting a INR 102.35 crore loss in FY25

Key risks include sustained losses, lumpy orders, customer concentration, and competition from domestic and global machining firms. However, Aequs integrated ecosystem, SEZ advantages, and long-term OEM relationships provide structural resilience and operating leverage potential as utilization improves.