JM Financial Private Equity, Family Offices Invest Rs 150 Crore in NG Electro Products

NG Electro Products Raises Rs 150 Crore in Funding Round

NG Electro Products, a leading contract manufacturing platform focused on consumer goods, has secured Rs 150 crore in funding from JM Financial Private Equity and several family offices. The investment will be utilized to enhance the company's manufacturing capabilities, accelerate research and development (R&D), and strengthen its quality and compliance infrastructure.

The funding will enable NG Electro Products to accelerate its capacity expansion, strengthen its market presence, and deepen its product innovation capabilities. As a contract manufacturing platform, NG Electro serves consumer brands across various sectors, including home care, beauty and personal care, and nutraceuticals.

JM Financial Private Equity's investment through its sector-agnostic fund, the JM Financial India Growth Fund III, marks the company's eighth investment in the consumer product contract manufacturing space. The fund has a diversified portfolio with investments in sectors such as financial services, consumer, manufacturing, technology, logistics, healthcare, and agri-allied sectors.

| Company | Investment Amount | Year | | --- | --- | --- | | API Holdings | Rs 150 crore | 2023 | | Bighaat Agro | Rs 100 crore | 2022 | | Silveredge Technologies | Rs 75 crore | 2021 | | Energy Beverages | Rs 50 crore | 2020 | | Modish Tractoraurkisan | Rs 25 crore | 2019 | | Asquare Foods and Beverages | Rs 15 crore | 2018 | | The Bear House | Rs 10 crore | 2017 | | Aarman Solutions | Fully exited | - |

JM Financial India Growth Fund III has also invested in other notable companies, including Aarman Solutions, which the fund has fully exited. Vinit Rai, the managing director of JM Financial PE, has recognized NG Electro Products as a differentiated platform in the consumer product contract manufacturing space.