Adani Defence & Aerospace Inks Deal To Acquire 85.5 Per Cent Share In Air Works India

The deal worth Rs 400 crore will see the Adani company acquire the largest private sector maintenance, repair, and overhaul (MRO) company in the country

Adani Defence Systems & Technologies Ltd (ADSTL) inked a share purchase agreement to acquire a majority stake of 85.5 per cent in Air Works India (Engineering) Private Limited. The deal worth Rs 400 crore will see the Adani company acquire the largest private sector maintenance, repair, and overhaul (MRO) company in the country.

Elaborating on the deal, Jeet Adani, Director, Adani Airports said, “The Indian aviation industry stands at a transformative juncture, now the third largest globally and on track to induct over 1,500 aircrafts in the coming years. This growth aligns seamlessly with the Government’s vision to connect every corner of our nation, creating unprecedented opportunities in aviation services. For us, creating a presence in the MRO sector is more than just a strategic step—it’s a commitment to building an integrated aviation services ecosystem that strengthens the backbone of India’s aviation infrastructure. Together, we are excited to play a pivotal role in shaping the future of India’s skies.”

With this acquisition, Adani plans to enhance its capabilities in the defence MRO sector and strengthen its position in the airborne defence ecosystem in the country. Notably, Air Works has operations spanning 35 cities and employs a workforce of more than 1,300 personnel. The company also has an expertise in servicing both fixed-wing and rotary-wing aircraft.

Adani Defence & Aerospace is a part of the Adani Group. The company is involved in the design, development, and manufacturing of state-of-the-art defence products. Ashish Rajvanshi, CEO, Adani Defence & Aerospace, noted, “Our vision is to deliver a full-spectrum MRO offering—spanning line, base, component, and engine maintenance—to meet the needs of both commercial and defence aviation sectors. In a time when Aatmanirbharta in defence is a national imperative, we stand fully committed to scaling domestic capabilities to serve both our armed forces and the broader aviation sector.”