ILJIN Electronics India, a material subsidiary and Electronics division of Amber Group, has raised Rs 1,200 crore in its first institutional funding round.

The investment comes through definitive agreements with leading private equity investors ChrysCapital and InCred Growth Partners Fund I (InCred PE), along with their affiliates. ChrysCapital will contribute Rs 1,100 crore, while InCred PE will invest Rs 100 crore in equity shares and compulsory convertible preference shares, subject to regulatory approvals.

This strategic infusion will enable ILJIN to scale operations, expand manufacturing capacity, and pursue selective acquisitions to strengthen its market leadership. The capital will be deployed toward advanced facilities, cutting-edge technology, and talent development, aligning with India’s ‘Aatmanirbhar’ vision under schemes such as the Production Linked Incentive (PLI) and Electronics Components Manufacturing Scheme (ECMS). ILJIN, specializing in bare PCBs, PCB assemblies, and box-build solutions for sectors like consumer durables, automotive, telecom, renewable energy, and defense.

Amber Group has submitted applications under the Electronic Component Manufacturing Scheme (ECMS) for investments of Rs 990 crore in multilayer PCBs through Ascent Circuits and Rs 3,200 crore for HDI/flex PCBs through Ascent-K Circuit, its joint venture with Korea Circuits.