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Dec 10, 2025

We are Opening a New Chapter! *

Ladies and Gentlemen, esteemed guests, Aequals, and our new shareholders…

Today is not just another milestone. It is a moment that fills me with gratitude, pride, and a deep sense of responsibility.  

It is a moment to pause, to look back at how far we’ve come — and to gather strength for the journey that lies ahead.

Aequs was born from a simple conviction: Extending our value proposition from Quest Global, that world-class manufacturing could be delivered to our Global customers from India, and that if we built with purpose and stayed true to our values, we could stand shoulder-to-shoulder with the best in the world.

This belief—combined with our ability to scale, to learn, and to persist—helped us create a manufacturing ecosystem in aerospace that is unique.

And with every challenge we took on, with every promise we delivered, our confidence grew.

It is this confidence that allowed us to step beyond aerospace—into toys, consumer durables, and now the fast-growing world of consumer electronics.

We took each step with humility, but with the courage to believe that India could do more—and that Aequs could lead the way.

But ideas alone don’t build companies – right stakeholders make it happen led by People.  

  • To Aequals, and to your families:

your sacrifices, your long nights, your belief in this mission—you are the heartbeat of Aequs.

  • To our customers:  especially Airbus, who put their trust in us from the very beginning
  • To our JV partners Magellan, A&D, Tramontina,
  • To our suppliers, to the communities around us, and to the governments that embraced our vision— you helped turn a remote corner of North Karnataka into one of India’s advanced manufacturing hub.

This is your achievement as much as ours.

On a personal note, I want to acknowledge the people who stood beside me—not just in success, but in struggle.

My wife Mai for managing all the challenges of bringing up the family, my children Megha, Akhil, and Nikhil, growing up almost in my absence.

My brothers Venkatesh and Jagadish, and the Patil and Sawkar families—for the unconditional support.

To all my friends and family investors from the Quest Global journey—those who believed in us before we had anything to show—thank you for continuing the journey with Aequs.

Ajay, thank you for being the voice I could always turn to.

Ajit as a partner for over 25 years and able to respect each other’s passions and support my pursuit of manufacturing.

And then there is someone whose contribution is etched into every corner of Aequs.

Rajeev Kaul.

From the first day, you stood beside me—not in the spotlight, but in the trenches.

You faced every operational challenge, carried every burden, solved every problem on the ground, and gave me the space to focus on customers and long-term vision.

Aequs would not be what it is today without you.

Rajeev, it is my honour to recognize you today as the Co-Founder of Aequs.

As we welcome over 70,000 new shareholders, I want to share why this moment matters.

India today is still a small part of the global value chain in the Aerospace and Consumer segments that we serve. But India represents a much larger—and rapidly rising—share of the world’s demand.

That gap is not a limitation.  It is our once-in-a-generation opportunity.

At Aequs, we are building integrated ecosystems—across Aerospace and Consumer—that will help bring larger share of Global Value Chain to India and we are determined to lead.

As we ring this bell today, we are not closing a chapter— we are opening a new one.

A chapter where we carry forward every lesson, every struggle, every small victory… and scale it to heights we once only imagined.

To all our stakeholders, to all our new shareholders— thank you for believing in us.

Let’s build the next decade—together.

Thank you.

*Speech delivered at the Aequs Limited Listing ceremony, National Stock Exchange (NSE), December 10, 2025.