+
Adani Defence to Acquire Majority Stake in Air Works for Rs 400 Cr
DEFENSE

Adani Defence to Acquire Majority Stake in Air Works for Rs 400 Cr

Adani Defence & Aerospace, a subsidiary of Adani Enterprises, has signed an agreement to acquire an 85.8 per cent stake in Air Works, India’s largest private-sector aircraft maintenance, repair, and overhaul (MRO) company, for Rs 4 billion.

The existing shareholders of Air Works include Punj Lloyd, GTI Capital, and the Menon family. Ravi S Menon, a member of the founding family, is currently serving as a director on the company’s board.

Ashish Rajvanshi, the Chief Executive Officer of Adani Defence & Aerospace, stated that the acquisition marks a crucial step in the company’s mission to strengthen India’s MRO capabilities. He emphasised that their vision is to offer a comprehensive MRO service covering line, base, component, and engine maintenance to meet the needs of both commercial and defence aviation sectors. He also highlighted the commitment to scaling domestic capabilities to serve the armed forces and the broader aviation sector, especially as self-reliance in defence becomes a national priority.

Air Works operates in 35 cities, with major facilities in Hosur, Mumbai, and Kochi, employing over 1,300 personnel. The company provides commercial aircraft line and base maintenance services, in addition to offering maintenance for the Indian Navy's Boeing P-8I maritime surveillance aircraft and landing gear services for the Indian Air Force’s Boeing 737 aircraft.

Jeet Adani, Director of Adani Airports Holdings, remarked that establishing a presence in the MRO sector is not just a strategic move but a commitment to creating an integrated aviation services ecosystem that will bolster India’s aviation infrastructure.

The acquisition is expected to significantly enhance Adani Group's airport operations. Adani Airport Holdings currently holds a controlling stake in Mumbai International Airport and Navi Mumbai International Airport, and operates six other airports in Ahmedabad, Jaipur, Lucknow, Thiruvananthapuram, Mangaluru, and Guwahati.

Adani Defence & Aerospace, a subsidiary of Adani Enterprises, has signed an agreement to acquire an 85.8 per cent stake in Air Works, India’s largest private-sector aircraft maintenance, repair, and overhaul (MRO) company, for Rs 4 billion. The existing shareholders of Air Works include Punj Lloyd, GTI Capital, and the Menon family. Ravi S Menon, a member of the founding family, is currently serving as a director on the company’s board. Ashish Rajvanshi, the Chief Executive Officer of Adani Defence & Aerospace, stated that the acquisition marks a crucial step in the company’s mission to strengthen India’s MRO capabilities. He emphasised that their vision is to offer a comprehensive MRO service covering line, base, component, and engine maintenance to meet the needs of both commercial and defence aviation sectors. He also highlighted the commitment to scaling domestic capabilities to serve the armed forces and the broader aviation sector, especially as self-reliance in defence becomes a national priority. Air Works operates in 35 cities, with major facilities in Hosur, Mumbai, and Kochi, employing over 1,300 personnel. The company provides commercial aircraft line and base maintenance services, in addition to offering maintenance for the Indian Navy's Boeing P-8I maritime surveillance aircraft and landing gear services for the Indian Air Force’s Boeing 737 aircraft. Jeet Adani, Director of Adani Airports Holdings, remarked that establishing a presence in the MRO sector is not just a strategic move but a commitment to creating an integrated aviation services ecosystem that will bolster India’s aviation infrastructure. The acquisition is expected to significantly enhance Adani Group's airport operations. Adani Airport Holdings currently holds a controlling stake in Mumbai International Airport and Navi Mumbai International Airport, and operates six other airports in Ahmedabad, Jaipur, Lucknow, Thiruvananthapuram, Mangaluru, and Guwahati.

Related Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code