Aequs Limited was originally incorporated as ‘Mechanical Training Acadamy Private Limited’ on March 27, 2000, as a private limited company. The name of the company was changed to ‘QuEST Machining & Manufacturing Private Limited’, pursuant to a resolution passed by the Board dated February 24, 2006, and a special resolution passed by the shareholders dated march 24, 2006. Subsequently, pursuant to a resolution passed by the board dated February 22, 2011, and a special resolution passed by the shareholders dated march 7, 2011, the name of the company was changed to ‘QuEST Global Manufacturing Private Limited’ on March 24, 2011. Thereafter, pursuant to a resolution passed by the Board dated January 23, 2014 and a special resolution passed by the shareholders dated February 25, 2014, the name of the company was changed to ‘Aequs Private Limited’. Upon the conversion of the company into a public limited company, pursuant to a resolution passed by the Board on April 9, 2025 and a special resolution passed by the Shareholders on April 25, 2025, the name of the company was changed to ‘Aequs Limited’ on May 7, 2025.

The company is a precision component manufacturer operating within a single special economic zone in India to offer fully vertically integrated manufacturing capabilities in the Aerospace Segment. Precision components are precisely machined parts that are designed and manufactured to exact specifications and are commonly supplied to OEM customers and system integrators. The company is one of the few manufacturers in India with niche metallurgy capabilities, specializing in precision machining of high-end alloys, including titanium alloys for the aerospace clients.

Its advanced manufacturing capabilities also enable it to enter into new business segments by leveraging existing capabilities. The combination of its scale, vertically integrated manufacturing ecosystems and qualified engineering talent enables the company to scale production while meeting contracted timelines with stringent quality and safety standards. This has also allowed the company to achieve 100% in-country value addition for select products. While it primarily operates in the Aerospace Segment, over the years, it has expanded the product portfolio to include consumer electronics, plastics, and consumer durables for the consumer clients.

Business area of the company 

The company, along with its subsidiaries and its associates and joint ventures, is engaged in the business of contract manufacturing catering to various industries. These units are registered to carry on the operations relating to manufacture of machined parts used in aerospace and products related to consumer market. 

Products of the company

Aerospace segment

• Engine parts
• Interiors parts
• Landing gear
• Pylon parts
• Assembly 
• Actuation parts
• Wings and fuselage parts
• Forgings landing systems  

Consumer segment

• Electronic components
• Outdoor Toys
• Vehicle Toys
• Figurines/Others
• Non-stick Cookware

Awards, accreditations and recognition 

• 2016: ‘Innovation Award’ by Airbus.
• 2016: ‘D2P Class B’ award by Airbus.
• 2017: ‘D2P 2017’ recognition for support to Airbus Programmes successes.
• 2018: ‘D2P Class B Challenger’ award by Airbus.
• 2020: ‘Casing Industrialisation Award’ by Safran.
• 2020: D2P 2020 recognition for support to Airbus Programmes successes.
• 2021: ‘D2P Challenger Award’ by Airbus.
• 2022: ‘Flawless Project Execution Award’ by Collins Aerospace at the Advanced Structures Asia Supplier Meet 2022.
• 2022: ‘Premier Award’ to Aequs Aero Machine Inc. by Raytheon Technologies, for its performance in 2021.
• 2022: ‘Excellence in Component Manufacturing (Aerospace)’ at the News 18 Business Leaders and Excellence Awards, 2022.
• 2023: ‘D2P Supplier Award 2023’ by Airbus.
• 2024: ‘Best Ecosystem Accelerator Award - Manufacturing/OEM’s’ (shared with Airbus) by the Federation of the Indian Chambers of Commerce and Industry.
• 2024: ‘SQIP Award - Supplier Chain & Quality Improvement Program’ by Airbus.
• 2024: ‘Special Award’ for procurement operations (material & parts) by Airbus.
• 2024: ‘Ramp-up Champion Award’ for outstanding contribution to the Airbus ramp-up at the Global Supplier Conference 2024.
• 2024: Recognized as one of the ‘Top 75 Innovative Companies in India’ by the Confederation of Indian Industry (CII) at the CII Industrial Innovation Awards, 2024.
• 2024: ‘Best Performer’ recognition to SQuAD Forging India Private Limited by Safran Landing Systems.
• 2025: ‘Ecosystem Enabler Award’ at Invest Karnataka 2025 for establishing the largest number of manufacturing clusters in emerging industrial regions, from the Commerce and Industries Department, Government of Karnataka.
• 2025: ‘Health & Safety Excellence’ award at the ESG Summit 2025.
• 2025: ‘SQIP Award - Best Performer’ by Airbus.
• 2025: ‘Golden Peacock Innovative Product/Service Award’ received by Aequs SEZ Private Limited.
• 2025: Nadcap certification awarded to SQuAD Forging India Private Limited under Aequs SEZ Private Limited.

History and milestones

• 2008: Establishment of unit in sector specific SEZ for precision engineering at Belagavi by Aequs SEZ Private Limited (formerly known as Quest SEZ Development Private Limited).
• 2015: Acquisition of Aequs Aero Machine Inc. (formerly known as T&K Machine, Inc.) by one of the company’s subsidiaries, Aequs Aerospace LLC, USA.
• 2016: Expansion into Europe through acquisition of SIRA Group by one of the company’s subsidiaries, Aequs Holdings France SAS.
• 2016: Delivered its first consignment of plastic toys and commenced operations of consumer manufacturing facilities in Belagavi.
• 2019: Inauguration of flexible manufacturing system at its unit in Aequs SEZ, extending its operations for soft metal machining of aero parts.
• 2021: Commencement of manufacturing of consumer durable goods in Bengaluru.
• 2021: Setting up the Koppal Manufacturing Cluster comprising Aequs Toys Private Limited, Koppal Toys Molding COE Private Limited and Aequs Rajas Extrusion Private Limited.
• 2021: Setting up the Hubballi Manufacturing Cluster.
• 2022: Invitation extended by Boeing Commercial Airplanes to ASMIPL to join the Boeing Premier Bidder Program.
• 2022: Commencement of operations at the Hubballi Manufacturing Cluster.
• 2025: Commencement of commercial production of laptop bottom base units at the Hubballi Manufacturing Cluster by ACPPL.