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Skanda Aerospace to invest Rs. 250 crores in Hyderabad


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.

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