Page 18 - AAA JANUARY - FEBRUARY 2017 Online Magazine

INTERVIEW AEQUS

Expanding the Ecosystem

Aequs sets sights on becoming the world’s largest detailed parts supplier

INdIAN AEROSPACE PARTS MANUFACTURER we received the Airbus Innovation Award
Aequs has plans to grow into the largest and it was nice to be recognised by Airbus
detailed parts supplier in the world. The for what we have done. We have managed
company is now on a clear path to increase to bring in forging, machining, surface
the revenues of its aerospace business from treatment, assembly process together. We
the US$100 million presently to US$300 are one of a kind in what we do and have
million by 2020. “We want to be the largest developed our capability in a strategic
detailed parts supplier in the world and this fashion by using partners who are located all
will be at the core of all our business growth over the world.
plans. Our core focus is precision machining,”
Aravind Melligeri, Chairman & CEO Aequs Please elaborate on the work done for
tells our Special Correspondent Atul Airbus by Aequs?
Chandra. The company has grown at a CAGR We work with Airbus and their subsidiaries
of 55 percent over the last five years. and started working with them in 2009.
It was small order at the time worth
What were the important developments at US$200,000-300,000 dollars as they
Aequs in 2016? foot facility in our SEZ that will supply the wanted to test the market. We were the
2016 was an exciting year for us as we started raw materials to us. first supplier to be chosen in India, with
expanding our ecosystem to the global whom Airbus directly placed an order. So,
level. In 2015 we had acquired a company Please provide an update on your revenues we started off in this fashion and continued
in the U.S.A called T&K technologies and growth plans? to grow with more contracts. Airbus went
and in FY 17 (this fiscal year), we made In terms of year-on-year growth we have through a process of consolidation of its
an acquisition in France with Sira SAS. doubled our revenue. This year we are close global supplier base and we are now one of
Through the acquisition of Sira we brought to US$100 million in revenue, compared to the 13 partners chosen by Airbus for supply
in landing gear capability, machine capability, US$45 million last year. We have already of detailed parts and the only one in India. We
engine component machining capability, achieved about US$90 million this year and get the first cut opportunity to take a look at
primary flight control actuators machining we still have Feb and March to complete. We the work that can be done, when Airbus looks
capability and some aero engine fabrication have been growing at a CAGR of 55 percent to outsource detailed parts work. Knowing
capability. This was a great satisfaction over the last five years. In October, last year that we were going to expand, we set-up a
to me when I look at our overall capability
expansion phase in 2016. This was a good
start for us and we closed this transaction
in April 2016. We also received an important
contract from Airbus for supply of titanium
detailed parts for pylon fittings for 100,000
numbers. Following in the footsteps of these
developments, we expanded our treatment
facility and doubled its capacity, making it
one of the largest facilities of its kind in the
country today. In terms of surface treatment,
we do pretty much all forms of surface
treatment for companies such as Airbus and
Boeing and several other companies. We
have expanded our Special Economic Zone
(SEZ) facility further bringing UK based All
Metal Services (AMS) as a material supplier
partner. They are now setting up a 40,000 sq
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