Fly Bharathi Aviations secures Rs 150 Bn investment deal

05 Sep 2023 CW Team

Fly Bharathi Aviation and Aeronautics, recently incorporated as a company in August 2023, has announced a significant step in its expansion plans. The company revealed that it has signed a preliminary agreement with the UK-based SRAM and MRAM Group for investments totaling Rs 150 billion. Additionally, Fly Bharathi Aviation claims to have already acquired a majority stake in an existing airline and is currently engaged in discussions to secure majority stakes in one more Indian airline and two international airlines.

While specific details of these transactions were not disclosed, the investments from SRAM and MRAM Group are expected to fuel the expansion of both domestic and international aviation ventures for Fly Bharathi Aviation.

The newly established company is promoted by Girish Shivshankar Pillai, and its incorporation date is recorded as August 19, 2023. It is registered under the Registrar of Companies (RoC), Chennai, with an authorised capital of Rs 1 million.

This strategic move positions Fly Bharathi Aviation for significant growth and involvement in the aviation industry, both in India and globally, with substantial investments and a focus on acquiring stakes in multiple airlines.

Technology

28 Oct 2025

Building Faster, Smarter, and Greener!

Backed by ULCCS’s century-old legacy, U-Sphere combines technology, modular design and sustainable practices to deliver faster and more efficient projects. In an interaction with CW, Rohit Prabhakar, Director - Business Development, shares how the company’s integrated model of ‘Speed-Build’, ‘Smart-Build’ and ‘Sustain-Build’ is redefining construction efficiency, quality and environmental responsibility in India.U-Sphere positions itself at the intersection of speed, sustainability and smart design. How does this translate into measurable efficiency on the ground?At U..

Smart Roads, Smarter India

India’s infrastructure boom is not only about laying more kilometres of highways – it’s about building them smarter, safer and more sustainably. From drones mapping fragile Himalayan slopes to 3D machine-controlled graders reducing human error, technology is steadily reshaping the way projects are planned and executed. Yet, the journey towards digitisation remains complex, demanding not just capital but also coordination, training and vision.Until recently, engineers largely depended on Survey of India toposheets and traditional survey methods like total stations or DGPS to prepare detai..

What Does DCPR 2034 Mean?

The Maharashtra government has eased approval norms for high-rise buildings under DCPR 2034, enabling the municipal commissioner to sanction projects up to 180 m on large plots. This change is expected to streamline approvals, reduce procedural delays and accelerate redevelopment, drawing reactions from developers, planners and industry experts about its implications for Mumbai’s vertical growth.Under the revised DCPR 2034 rules, buildings on plots of 2,000 sq m or more can now be approved up to 180 m by the municipal commissioner, provided structural and geotechnical reports are certified b..