Adani Defence & Aerospace to Acquire Air Works India (Engineering) Private Limited for an Enterprise Value of INR 400 Crore

EDITOR’S SYNOPSIS

• Adani Defence & Aerospace has signed a binding agreement to acquire Air Works, India’s largest private-sector Maintenance, Repair, and Overhaul (MRO) company.
• With operations across 35 cities and a workforce of over 1,300 personnel, Air Works brings extensive expertise in servicing both fixed-wing and rotary aircraft.
• This acquisition strengthens Adani’s presence in the defence MRO sector and solidifies its position in India’s airborne defence ecosystem.
• The move marks a significant step in Adani’s growth journey, paving the way for its expansion into civil aviation services.

Ahmedabad : Adani Defence Systems & Technologies Ltd. (ADSTL) has signed a share purchase agreement to acquire an 85.8% stake in Air Works, India’s largest private-sector MRO company with an extensive pan-India footprint.

Air Works provides a comprehensive range of aviation services, including line maintenance, heavy checks, interior refurbishments, painting, redelivery checks, avionics, and asset management. The company offers base maintenance for narrow-body, turboprop, and rotary aircraft at facilities in Hosur, Mumbai, and Kochi, with regulatory approvals from over 20 civil aviation authorities worldwide.

In addition to its leadership in civil aviation, Air Works has developed significant expertise in defence MRO, executing projects for key platforms of the Indian Navy and Indian Air Force.

“The Indian aviation industry is at a transformative stage, now the third largest globally and set to induct over 1,500 aircraft in the coming years,” said Mr. Jeet Adani, Director, Adani Airports. “This growth aligns with the Government’s vision to connect every corner of our nation, creating immense opportunities in aviation services. Our entry into the MRO sector is not just strategic—it’s a commitment to building an integrated aviation services ecosystem that strengthens India’s aviation infrastructure.”

“This acquisition represents a landmark step in our mission to bolster India’s MRO capabilities,” said Mr. Ashish Rajvanshi, CEO, Adani Defence & Aerospace. “We aim to deliver a full-spectrum MRO offering for both commercial and defence aviation sectors, aligning with the national imperative of Aatmanirbharta in defence. Our pledge is to enhance domestic capabilities, secure India’s skies, and strengthen our sovereignty.”

About Adani Defence & Aerospace:
Adani Defence & Aerospace, part of the Adani Group, is a pioneer in the design, development, and manufacturing of state-of-the-art defence products. We take pride in supporting the ‘Aatmanirbhar Bharat’ initiative and contributing to the national security agenda.

We have established a vibrant ecosystem of start-ups and MSMEs with an export-oriented mindset, best in-class processes, and quality management systems. Our objective is to ensure that those we serve stay ahead of time and remain prepared for any untoward contingencies. We are committed to delivering excellence in everything we do.

Website: www.adanidefence.com
For more information, contact: Roy Paul (roy.paul@adani.com)