Amber Enterprises shares slide over 3%; here is what you need to know

In its filing to stock exchanges on Sunday, the company said ILJIN Electronics India (ILJIN), a material subsidiary and electronics division of Amber Group, announced that it has ₹1,200 crore in strategic funding through separate definitive agreements with prominent investors, ChrysCapital and InCred Growth Partners Fund I (InCred PE).

"ChrysCapital, one of the leading private equity funds investing in India, is leading this investment round, whereby they will invest ₹1,100 crore and InCred PE will invest ₹100 crore in the form of equity shares and compulsory convertible preference shares. The transaction is subject to regulatory approval," the press release added.

This fundraising in ILJIN is the first external institutional capital raise, which will enable ILJIN to increase the scale of its operations and enhance manufacturing capabilities while exploring strategic and targeted acquisitions to strengthen its market position, the company added.

This investment directly supports ILJIN’s strategic approach for deploying capital in advanced facilities, cutting-edge technology, and talent acquisition, aligning with India’s ‘Aatmanirbhar’ vision for self-reliance in electronics under initiatives like the Production Linked Incentive (PLI) scheme and Electronics Components Manufacturing Scheme (ECMS).

About ILJIN Electronics

ILJIN Electronics, the Electronic Division of Amber Enterprise, specialises in manufacturing bare printed circuit boards (PCBs) and PCB assemblies for industries such as consumer durables, automotive, telecom, healthcare, renewable energy, aerospace, and defence, among others.

Further, it also provides box build solutions for smartwatches, routers, etc., including battery energy storage systems, solar inverters, EV charging solutions and UPS systems. ILJIN in FY25 reported revenues of ₹2,194 crore with ₹151 crore operating EBITDA, with revenues having grown at a CAGR of 52% from FY22-25.

Amber Group recently made applications under the Electronic Component Manufacturing Scheme (“ECMS”) of ₹990 crores for multilayer PCBs in Ascent Circuits & ₹3,200 crore for HDI/flex PCBs in Ascent-K Circuit (JV with Korea Circuits). Amber Group, via its subsidiary ILJIN, recently announced the acquisition of controlling stakes in Power-One Micro Systems to enter into the rapidly growing sector for Battery Energy Storage Systems (BESS), EV chargers, UPS and solar inverter (on-grid, off-grid and hybrid) markets.

The Group has also signed definitive documents to acquire a controlling stake in Unitronics plc, a prominent global player based out of Israel, offering comprehensive solutions in industrial automation and control systems such as PLCs, HMIs, PLCs with integrated HMIs, VFDs and others, it added.

Commenting on the investment, Jasbir Singh, Executive Chairman and CEO and Whole Time Director of Amber Group, said, “The ₹1,200 crore fundraise is further validation of ILJIN Electronics’ strong EMS play. This will empower us to pursue both organic expansion and strategic inorganic opportunities, reinforcing our leadership in PCB and EMS solutions while contributing to Amber Enterprises’ broader vision of innovation, market leadership and self-reliance.”

About Amber Group

Amber Group is a diversified B2B solutions company across three business segments: Consumer Durables, Electronics (including EMS), and Railway Subsystems & Defence. With deep-rooted engineering capabilities and a pan-India manufacturing footprint of 31 plants, Amber is evolving as a diversified solution partner, driving transformation.