Rossell Techsys , a leading global provider of aerospace and defense engineering and manufacturing solutions, has been honored with the Outstanding Supplier Recognition by Lockheed Martin's Global Supply Chain Organization. This prestigious accolade was presented at the Annual Suppliers Conference held in Bengaluru, acknowledging Rossell Techsys's exceptional performance in manufacturing cable harness assemblies.

Recognition Details

The recognition highlights Rossell Techsys's contributions across multiple Lockheed Martin programs:

Lockheed Martin specifically commended Rossell Techsys for its "outstanding support, dedication, and commitment to success." The company's collaborative approach, innovative solutions, and creative cost-saving initiatives were noted as key factors driving affordability and contributing to the success of Lockheed Martin's global production programs.

Leadership Response

Rishab Gupta, Managing Director of Rossell Techsys, expressed his thoughts on the recognition: "Lockheed Martin has been a valued partner in our growth journey. This recognition is a testament to the trust and synergy we have built over the years. It reflects our shared pursuit of quality, reliability, and innovation that power aerospace excellence."

Senthil Balasubramanian, Chief Executive Officer, added, "Behind this honor lies the relentless effort of our people—who deliver with precision every single day. We are deeply grateful for this acknowledgment and remain committed to exceeding expectations in every engagement."

Company Profile

Rossell Techsys, headquartered in Bengaluru, India, is a premier aerospace and defense manufacturing company. The firm specializes in:

• Electrical Wiring Interconnect Systems (EWIS)
• Electronic systems
• Test solutions

As a partner to leading global OEMs, Rossell Techsys has established itself as a provider of quality, precision, and innovation in the aerospace and defense sector.

This recognition from Lockheed Martin, a global aerospace and defense giant, underscores Rossell Techsys's growing prominence in the international supply chain for critical defense and aerospace components. It also highlights the company's commitment to maintaining high standards of quality and reliability in its manufacturing processes, which are essential in the aerospace and defense industries where precision and dependability are paramount.

For investors and industry observers, this accolade signals Rossell Techsys's strong position in the market and its potential for continued growth and partnerships with major international aerospace and defense companies.

Rossell Techsys , a key player in the aerospace and defense manufacturing sector, has announced expansion plans coupled with a fundraising initiative. The company plans to increase its production capacity and is looking to raise up to ₹300 crore to support its growth strategy.

Capacity Expansion Details

Rossell Techsys has initiated a capacity expansion project within its existing premises, aiming to add 1,50,000 square feet to its current capacity. This expansion is expected to bring the total manufacturing space to 3,90,000 square feet, up from the current 2,40,000 square feet. The company's existing utilization stands at 2,00,000 square feet, indicating a high utilization rate of its current capacity.

The company expects the expansion project to be completed within 18 months.

Fundraising Initiative

To support this expansion, Rossell Techsys's Board of Directors has approved a fundraise of up to ₹300 crore. The company plans to raise capital through a Qualified Institutions Placement (QIP), which involves issuing fully paid-up equity shares or other eligible securities to qualified institutional buyers.

The company has outlined that the funds may be utilized for:

• Capital expenditure
• Working capital requirements
• General corporate purposes
• Other purposes permitted under applicable law

Strategic Implications

Rishab Gupta, Managing Director of Rossell Techsys, stated, "This capital infusion will support the Company's growth and capability expansion plans and strengthen our financial position, enabling us to continue building scale and serving our customers with excellence."

Shareholder Approval and Timeline

The company has initiated a postal ballot seeking shareholder approval for the fundraise, with e-voting scheduled from November 4 to December 3. This move indicates that Rossell Techsys aims to capitalize on its growth momentum and market opportunities.

Industry Positioning

Rossell Techsys specializes in end-to-end design, custom engineering, manufacturing, and lifecycle support for the aerospace, defense, and adjacent industries. The company's expansion plans suggest confidence in future demand for its products and services.

With its broad spectrum of certifications, including AS9100, NADCAP, and ISO 27001, Rossell Techsys is positioning itself as a globally competitive manufacturer in the high-precision aerospace and defense market.

The combination of capacity expansion and substantial fundraising indicates that Rossell Techsys is preparing for a new phase of growth, potentially reshaping its role in the aerospace and defense manufacturing landscape.