Hindustan Saga
Skanda Aerospace to invest Rs. 250 crores in Hyderabad
Business

Skanda Aerospace to invest Rs. 250 crores in Hyderabad

Hyderabad (Telangana): Skanda Aerospace Technology Private Limited (SATPL) plans to invest Rs. 250 crores to set up a facility at Hyderabad. SATPL is the joint venture between Raghu Vamsi Machine Tools (RMVT) and Rave Gears, LLC, Texas USA and their production facility becomes the first private company having capability to manufacture Helicopter Gears and Gear Boxes in India.

The joint venture (SATPL) will have 55% holding by Rave Gears while RVMT & Investors hold 45%. The JV Company will invest Rs. 250 Cr and provide employment for 1000 in the next 3 to 5 years.

Rave Gears have also committed to provide annual orders to the tune of $9M to Skanda Aerospace.

Located at Texas, USA – Rave Gears LLC is a designer, manufacturer and system integrator of gears and precision drive trains catering to Aerospace, Defence, Automotive and industrial customers worldwide.  Rave Gears supplies to major OEMs like Boeing, Bell, Collins, BAE Systems, Rolls Royce, Mclaren, Nascar etc.  

Raghu Vamsi Machine Tools is a leading supplier of High Precision Products and subassemblies to leading OEMs such as Boeing, GE Aviation, Eaton, Honeywell etc. 

In the picture above seen are Tushar Patel- Partner, Nimish Mehta- MD, Rave Gears India Ltd, Vishu Patel- Director, Rave Gears India Ltd, Nick Patel- CEO, Rave Gears LLC, (Texas, USA), Vamsi Vikas- MD, Raghu Vamsi Group, Revanth Kotha- Executive Director, Skanda Aerospace Technology Pvt. Ltd.

Related posts

MorningWale Rebrands as ‘The Kirana Next Door’ — A Bold New Chapter in Clean, Everyday Food

Hindustan Saga

Celebrations with Soul”: Chef Sanjeev Kapoor on Utsav’s Vision to Redefine Indian Festivities Through Emotion, Tradition & Storytelling

Hindustan Saga

A Chronicle of Courage, Culture, and Civilizational Calling ‘Ink, Saffron and Freedom’ by Kedar Nath Gupta Set to Redefine India’s Intellectual Landscape

Hindustan Saga

LOGOUT: Empowering Experience Creators with AI-Powered Chat-Commerce

Hindustan Saga

Delhi Gets a New Standard in Car Care with The Detailing Gang’s Grand Launch

Hindustan Saga

Courtyard by Marriott Pune Chakan, Exclusive Luxury Staycation Offer, MoMo Café,

Hindustan Saga

Leave a Comment