Adani Defence Systems and Technologies Limited (ADSTL), in partnership with Prime Aero Services LLP, has signed a definitive agreement to acquire a 100 percent stake in Indamer Technics Private Limited (ITPL). The acquisition will be carried out through Horizon Aero Solutions Limited, a 50-50 joint venture between ADSTL and Prime Aero, owned by Prajay Patel.
ITPL operates a facility in the MIHAN special economic zone (SEZ) in Nagpur, spanning 120,000 square meters. The site accommodates 15 aircraft bays across 10 hangars and is approved by the Directorate General of Civil Aviation (DGCA), the Federal Aviation Administration (FAA) in the United States, and other international regulators. Its services include lease return checks, heavy C-checks, structural repairs, and aircraft painting for both domestic and international clients.
“The Indian aviation industry has witnessed an unprecedented transformation, becoming the 3rd largest in terms of passenger traffic. With the Indian carriers set to induct more than 1500 aircraft in the coming years, we are on the cusp of a new era in aviation. This acquisition is the next step in our push to establish India as a premier global MRO destination. It also reinforces our commitment to building an integrated aviation services ecosystem that strengthens India’s aviation infrastructure. Our goal is to create a single-point aviation services platform that is driven by world-class quality standards and customer satisfaction,” said Jeet Adani, Director at Adani Airports.
“This acquisition marks another critical milestone in fulfilling Adani Defence & Aerospace’s vision to deliver a full-spectrum MRO offering to meet the needs of both commercial and defence aviation sectors. Following the addition of Air Works to our portfolio, this acquisition further strengthens our capabilities and footprint in the MRO segment. The strategic location of Nagpur, at the centre of the country, adds immense value to our operations by bolstering our pan-India footprint and providing us substantial capacity to scale up our business. Together with Air Works, this acquisition unlocks significant synergies between the two companies, creating enhanced value for our stakeholders through integrated solutions and operational excellence,” said Ashish Rajvanshi, CEO of Adani Defence & Aerospace.
“We are excited to partner with Adani Defence & Aerospace to take Indamer Technics to new heights. This collaboration brings together deep-rooted engineering excellence with robust infrastructure and growth capital. Our shared vision is to build a world-class MRO ecosystem out of India, delivering exceptional value to customers and stakeholders globally,” said Prajay Patel, Director of Indamer Technics and Prime Aero.
Adani Defence & Aerospace operates across defence manufacturing, unmanned systems, radars, and avionics. The company is part of the Adani Group’s broader portfolio in infrastructure and industrial sectors.