Chennai: TASE Global, a Chennai-headquartered precision engineering and manufacturing company with operations in India and the US, is set to receive an investment of Rs 300 crore from ValueQuest’s Tristar Fund.The investment will support capacity expansion and deeper integration of its overseas operations. TASE Global is the fourth portfolio company for Tristar, which has raised more than Rs 2,100 crore in commitments within 15 months of its first close.Shankar Raman Vaidyanathan, founder, chairman and CEO of TASE Global, said the investment would help the company expand capacity, integrate its US operations and pursue larger OEM programmes.TASE Global supplies high-precision components, assemblies and specialised manufacturing services to global original equipment manufacturers (OEMs) and Tier-1 suppliers across aerospace, defence, medical technology and industrial applications. Its customers include Roche, PerkinElmer, Honeywell, Collins Aerospace, GE and Eaton.The company aims to strengthen its position in complex, high-value manufacturing across aerospace, medical technology and semiconductors.Aniket Dharamshi, co-founder and managing partner of ValueQuest, said TASE Global has strong manufacturing capabilities and relationships with global customers that have demanding qualification requirements. These capabilities and relationships can create meaningful barriers to entry.As global supply chains evolve, Indian precision engineering companies have an opportunity to move beyond component supply and become integrated manufacturing partners, he said. TASE Global’s presence in India and the US provides a platform to tap this opportunity.Spark Capital acted as the exclusive financial adviser to TASE Global on the transaction.
