360 ONE Asset Management Limited (formerly known as IIFL Asset Management Limited) (“360 ONE AMC”) has committed to invest ~USD 16 million in CoreEL Technologies (India) Private Limited (CoreEL), a leading Technology Development, Systems Engineering and S

CoreEL Technologies secures $16 million funding from 360 ONE Asset
CoreEL Technologies secures $16 million funding from 360 ONE Asset

tate of the Art Products Manufacturing Company focusing on Aerospace & Defence segment towards a minority stake. The funds will be utilized to accelerate CoreEL’s growth plans including R&D, new products development, augmenting manufacturing capacity and other initiatives.

Headquartered in Bangalore, CoreEL designs, manufactures and supplies advanced electronic products and complex systems to Indian Aerospace & Defence Industry including Ministry of Defence. Its products have been deployed in India’s next-generation Radars, Missiles, Electronic Warfare, Avionics and SONARS, amongst others. It has received awards and recognition from Ministry of Defence (MOD), Defence Research and Development Organization (DRDO), and Industry Associations for its innovative products and processes. CoreEL is run by an exceptional management team with extensive qualifications, vast experience, and impressive contributions to this Industry.

DISCLAIMER: The author is solely responsible for the views expressed in this article. The author carries the responsibility for citing and/or licensing of images utilized within the text.