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NEW DELHI: Adani Defence Systems & Technologies Ltd. (ADSTL) has signed a binding agreement to acquire an 85.8% stake in Air Works India (Engineering) Private Limited, the nation’s largest private-sector Maintenance, Repair, and Overhaul (MRO) company. The deal, valued at ₹400 crore, marks a significant milestone in Adani’s expansion into the aviation and defence sectors.
Air Works, with operations across 35 cities and a workforce of over 1,300 personnel, provides comprehensive aviation services, including line maintenance, heavy checks, interior refurbishment, avionics, and asset management. Its facilities in Hosur, Mumbai, and Kochi serve both fixed-wing and rotary-wing aircraft, holding regulatory approvals from civil aviation authorities in over 20 countries.
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The company has also established a strong presence in defence MRO, undertaking projects for critical platforms of the Indian Navy and Indian Air Force. This acquisition enhances Adani Defence & Aerospace’s capabilities in the defence sector, aligning with its vision to create a full-spectrum MRO offering for commercial and defence aviation.
“The Indian aviation industry stands at a transformative juncture, now the third largest globally and on track to induct over 1,500 aircraft in the coming years,” said Jeet Adani, Director of Adani Airports.
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This landmark acquisition represents a pivotal step in Adani Defence & Aerospace’s mission to strengthen India’s MRO capabilities,” said Ashish Rajvanshi, CEO, of Adani Defence & Aerospace.
