Aerospace manufacturing startup Axirium Aerospace has raised $3.5 million in a seed round led by Shastra VC and BEENEXT, with participation from prominent angel investors including Ashish Gupta (ex-MD & Co-founder, Helion Advisors) and PVS Raju (Vice Chairman, AIG Hospitals). The funding comes as global aerospace supply chains increasingly look to India for high-quality, reliable manufacturing partners.
Founded by Leaders Who Built Multi-Billion-Dollar Aerospace Programs
Axirium was founded by industry veterans Nishant Khurana (CEO), Neeraj Agarwal (CBO) and Piyush Agarwal (CCO) executives who previously played key roles in scaling Tata Advanced Systems Limited (TASL). Their experience managing complex aerospace programs, large-scale industrial operations and global customer relationships forms the core of Axirium’s ambition to build a world-class manufacturing ecosystem out of India.
Precision Manufacturing Capabilities for Global OEMs
The company offers capabilities across precision machining, sheet-metal fabrication, tubing, and structural sub-assemblies, supported by digital manufacturing tools and lean operations. Axirium aims to provide faster lead times, predictable delivery cycles and high repeatability, addressing long-standing reliability gaps faced by global aerospace OEMs and tier-I suppliers.
The funding will be used to expand manufacturing capacity, strengthen engineering capabilities, and build long-term partnerships with global aerospace companies. “This fundraise will help us deepen engineering excellence and scale operations sustainably,” said CEO Nishant Khurana.
Riding India’s Emergence as a Global Manufacturing Hub
Investors noted that Axirium is poised to benefit from supply-chain realignments as global manufacturers look for alternatives beyond the West and East Asia. India’s aerospace components market, valued at $13.6 billion in 2023, is projected to reach $21.48 billion by 2030, driven by defence expansion, commercial aviation demand and growing interest in Indian suppliers.
Final Take
Axirium’s seed round reinforces India’s rising position in global aerospace manufacturing. With experienced founders and a capability-first operating model, the company aims to position India as a dependable production base for high-precision aerospace components.
Keep building. Keep learning. Keep growing with StartupByDoc.