VADODARA, GUJARAT, INDIA – Aimtron Electronics has secured approximately $12 million through the issuance of convertible warrants to fund a new electronics manufacturing facility here. The financing round, approved by the board, saw participation from promoter group members Mukesh and Nirmal Vasani and institutional investors.

The new greenfield facility, planned for a 3-acre site, will include up to five SMT lines and full-scale assembly operations. The expansion supports Aimtron’s strategy to scale its box-build and system-level integration business, aligned with its $120 million revenue target.

CEO Mukesh Vasani said the investment will help establish a forward-looking production hub supporting India’s electronics self-reliance goals. COO Nirmal Vasani added that the facility will reduce lead times and enable high-volume, integrated delivery under one roof.

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