Apsis Aerocom Limited operates in the precision engineering and machining industry, manufacturing high-precision mechanical components used mainly in aerospace, defence, and healthcare sectors. The company provides end-to-end engineering and machining services, including sourcing raw materials, precision machining, finishing, surface treatment, and mechanical assembly. Its products are manufactured as per client-supplied designs and specifications, ensuring high accuracy and compliance with international standards required in mission-critical industries.

Key Clients and Manufacturing Facilities

The company serves customers mainly in Karnataka, Telangana, and Maharashtra, and has international exposure in USA, Netherlands, Spain, and Israel.
Apsis operates Manufacturing Unit-I in Peenya Industrial Area, Bengaluru, equipped with advanced CNC machines including 3-axis, 4-axis, and 5-axis machining systems, capable of producing precision parts up to 1200 mm length.
The facility uses CAD/CAM-based engineering processes to ensure accuracy and consistent product quality.

Product Portfolio and Order Execution

The company manufactures precision machined components used in aerospace systems, defence equipment, and healthcare instruments. These parts are typically integrated into complex systems such as aircraft radar assemblies, cockpit display systems, and laboratory equipment.
Since the components are produced according to client specifications, they form an integral part of the customer’s product lifecycle and must meet stringent tolerances and reliability standards. Orders are generally executed based on customer demand and project requirements, ensuring precision manufacturing and timely delivery.

Expansion Plans, Capex and Future Growth

To increase its manufacturing capacity, the company is establishing Manufacturing Unit-II at the Hitech Defence and Aerospace Park in Bengaluru.
The new facility will have an estimated annual production capacity of about 3,00,000 components for aerospace, defence, and healthcare industries.
A portion of the IPO proceeds will be used to purchase machinery worth around ₹2,702.01 lakhs for this new plant.

Employees and Bankers

September 30, 2025, the company had 105, full time employees. The Banker to the Company is ICICI Bank Limited, State Bank of India.

Management and Vision

The company is promoted by Basavaraju Kanakatte Shivakumar, Mihir Kumar Pradhan, and Vinod Kumar Mariyappan.

The management team aims to strengthen the company’s position in precision manufacturing for aerospace, defence, and healthcare sectors, which require extremely high-accuracy components. Their strategy focuses on:

• Expanding manufacturing capacity through new facilities and advanced machinery
• Improving capabilities in high-complexity machining using 5-axis CNC technology
• Strengthening global customer relationships in high-value industries

To finance expansion and capital expenditure, the company plans to utilize IPO proceeds along with internal accruals, mainly for machinery acquisition and scaling up production capabilities.

The long-term vision of the management is to become a trusted supplier of high-precision components in global aerospace and medical supply chains by leveraging technological capability and strict quality standards.

Industry Overview

Apsis Aerocom operates in the precision mechanical component manufacturing industry, which supplies critical parts to sectors such as aerospace, automotive, medical devices, electronics, and industrial automation.

Global Industry Size and Growth

The global precision mechanical components market is estimated to reach USD 198.03 billion in 2025 and is projected to grow to USD 306.09 billion by 2030, reflecting a CAGR of about 9.10%.

This growth is driven by:

• Rising aerospace production
• Demand for medical devices
• Increased automation and robotics
• High-precision manufacturing requirements

Indian Industry Size and Growth

The Indian precision engineering component market is estimated to reach USD 536 million in 2025 and is expected to grow to USD 759 million by 2030, representing a CAGR of around 7.2%.

Growth drivers in India include:

• Make in India initiative
• Increasing defence manufacturing
• Growth in aerospace production
• Expansion of medical device manufacturing

Key Industry Players

Major companies operating in this industry include:

• MTAR Technologies Limited
• Raghu Vamsi Machine Tools
• INDO-MIM Limited
• Unimech Aerospace and Manufacturing Ltd
• Suttatti Enterprises Pvt Ltd

These companies compete on technology capability, precision engineering expertise, and certifications.

Key Risk Factors

1. Dependence on Limited Customers

The company derives a significant portion of revenue from a small number of customers, which increases business risk. For example, the top 5 customers contributed over 94% of revenue in FY2025, indicating high customer concentration.

2. Dependence on Limited Suppliers

Operations depend on a limited number of suppliers for raw materials. Any disruption in raw material supply, delays, or quality issues could negatively impact production and profitability.

3. Industry Cyclicality

The company operates in industries such as aerospace and defence which are capital-intensive and dependent on government spending and economic cycles.

4. High Technology Requirements

Precision component manufacturing requires advanced machining technology and skilled manpower. Any delay in technology upgrades may reduce competitiveness.

5. Competition from Large Players

The company faces competition from both domestic and global precision engineering companies with larger scale and stronger technological capabilities.

6. Execution Risk in Expansion

The proposed new manufacturing facility and machinery installation may face delays, cost overruns, or operational challenges, which could impact growth plans.

7. Regulatory and Certification Requirements

Industries such as aerospace and healthcare require strict compliance with quality standards and certifications, and any non-compliance could lead to loss of contracts.

Key Strengths and Opportunities

1. Presence in High-Growth Industries

The company operates in sectors like aerospace, defence, and healthcare, which are witnessing strong demand for precision components globally.

2. Advanced Precision Manufacturing Capability

The company uses 3-axis, 4-axis, and 5-axis CNC machining technology, enabling it to manufacture highly complex components with tight tolerances.

3. Strong Quality Certifications

The manufacturing facility holds AS9100D and ISO 9001:2015 certifications, demonstrating compliance with global aerospace and quality standards.

4. End-to-End Engineering Solutions

Apsis provides a complete solution from raw material sourcing to machining, finishing, and mechanical assembly, which enhances customer value and long-term relationships.

5. Expansion Plans to Increase Capacity

The upcoming Manufacturing Unit-II with capacity of 3,00,000 components annually will significantly increase production capability and revenue potential.

6. Growing Global Market Opportunities

With global supply chains diversifying away from China and increasing Make in India initiatives, Indian precision engineering companies like Apsis have strong export opportunities.