Bangalore: Raymond Limited, the flagship company of the Raymond Group is looking to deepen its participation in the Aerospace business, building on more than two decades of relationships with global OEMs and Tier-1 suppliers and a growing portfolio of high-precision aero-engine components and assemblies.
India is at an inflection point in aerospace manufacturing. As aircraft demand rises and global aerospace companies look to build more resilient and diversified sourcing networks, Indian manufacturers are finding a larger role within an industry traditionally dominated by established global supply bases.
The opportunity is visible in the increasing scale of global aerospace sourcing from India. Airbus currently sources more than US$1.5 billion annually from the country, while Boeing’s annual sourcing from India has crossed US$1.25 billion. Yet India’s share of the global aerospace supply chain remains relatively small, leaving considerable room for Indian engineering companies to take on more complex and higher-value work.
Mr. Gautam Maini, Managing Director – Engineering Business, Raymond Limited, said, “Aerospace rewards consistency over the long term. Customer relationships are built through qualification, performance and the ability to deliver the same level of quality every time. We are seeing customers increasingly look for partners who can handle not only individual components but also more integrated requirements. Our ambition is clear to build from India, meet global aerospace standards and become a more meaningful part of the supply chains that will shape the next generation of aviation.”
For Raymond engineering arm, this journey is already well underway. Through JK Maini Global Aerospace Limited (JKMGAL), the Company has developed more than 1,300 aero-engine parts, including over 350 components for the latest LEAP engine variants. The business has relationships spanning more than two decades with leading aerospace OEMs and Tier-1 suppliers and serves more than 25 global aerospace component manufacturing customers, several through relationships spanning more than two decades, and has expanded into new geographies including the UK, Belgium and Sweden. More than 75% of its operations are derived from complex aero-engine parts.
The business added more than 100 new SKUs during FY2025–26 and has an order book of over ₹2,350 crore for the next five years, providing visibility for continued expansion.
The Company’s aerospace portfolio spans turbine vanes and stator blades, engine mounts and brackets, fuel-system components and complex machined engine parts. It is also expanding into assemblies and other higher-value applications, allowing Raymond to participate in a broader part of the manufacturing process rather than limiting its role to individual components.
With global aerospace manufacturers increasing their engagement with Indian suppliers, Raymond sees an opportunity to build on its existing customer relationships, expand its manufacturing footprint and take on a greater share of the work that goes into aircraft engines and systems around the world.