Rajeev Kaul, CEO of Aequs
Aequs Ltd., known for its aerospace manufacturing capabilities, is ramping up investments in consumer electronics and durable goods as part of its diversification strategy. “Our goal is to replicate aerospace-scale precision in consumer products and deepen OEM relationships,” said Rajeev Kaul, Managing Director of Aequs.
Aequs began mass production of wearable computer components on July 31, 2025 and plans to expand into the production of smart devices. The company plans to strengthen its relationships with OEMs in the consumer electronics sector to scale up production of wearable computers, smart devices, wearables and other electronic components.
Aequs plans to continue investing in its consumer electronics business. It has invested ₹202.50 crore, ₹147.36 crore and ₹18.67 crore in developing its consumer business in its Hubballi Manufacturing Cluster, particularly in plants and machinery for the consumer electronics division, in FY25, FY24 and FY23 respectively.
Expansion of consumer durables
Following a joint venture with Tramontina in June 2024, Aequs is exploring additional collaboration opportunities including the production of non-stick ceramic coated aluminum cookware, triple cookware and stoves, kitchenware, bakeware, flatware, cutlery and cutting boards.
Production capacity
Aequs operates 299,957 square meters of consumer electronics and durable goods manufacturing facilities in Hubballi, Karnataka, and 554,138 square meters of plastics manufacturing facilities in Koppal, Karnataka. The installed capacity for the consumer segment stands at 1,199,700 machine casting hours, with the utilization rate over the last three years ranging from 17.07 percent to 30.46 percent. The company has built this capability with future growth in mind.
Net external revenue from consumer segment stood at ₹99.97 crore, ₹208.10 crore and ₹226.95 crore in FY25, FY24 and FY23 respectively.
Published on October 21, 2025
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