Hyderabad, May 13, 2022: 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.