Did Adani Defence Just Secure a 100% Stake in Indamer Technics?

Ahmedabad, Aug 11 (NationPress) Adani Defence Systems and Technologies Limited (ADSTL), in collaboration with Prime Aero, has officially entered into a binding agreement to acquire a complete 100% stake in Indamer Technics Private Limited (ITPL), recognized as one of India’s foremost private-sector Maintenance, Repair, and Overhaul (MRO) firms.

This acquisition is facilitated through Adani Defence’s initiative, Horizon Aero Solutions Limited, a 50-50 partnership between ADSTL and Prime Aero, which is owned by Prajay Patel, the Director of Indamer Technics.

Strategically situated in Nagpur within the MIHAN special economic zone (SEZ), ITPL boasts a cutting-edge greenfield facility built on a 30-acre site.

The facility can host 15 aircraft bays spread across 10 hangars.

“The Indian aviation sector has undergone an extraordinary transformation, now ranking as the third largest globally in terms of passenger traffic. With Indian airlines planning to add over 1,500 aircraft in the upcoming years, we stand at the brink of a new aviation era,” stated Jeet Adani, Director of Adani Airports.

“This acquisition marks a significant step in our ambition to position India as a leading global MRO hub. It also reaffirms our dedication to developing a comprehensive aviation services ecosystem that enhances India’s aviation infrastructure,” he added.

ITPL is certified by DGCA, FAA (USA), and other international civil aviation authorities. The company provides an extensive range of MRO services, including lease return inspections, heavy C-checks, structural repairs, and aircraft painting for premier Indian and global clients.

“Our aim is to establish a unified aviation services platform characterized by world-class quality and customer satisfaction. We are committed to significantly influencing the future of India’s aviation landscape,” remarked Jeet Adani.

Ashish Rajvanshi, CEO of Adani Defence and Aerospace, commented: “This acquisition is another pivotal achievement in realizing Adani Defence & Aerospace’s vision of offering a complete MRO solution catering to both commercial and defence aviation sectors.”

“With the inclusion of Air Works in our portfolio, this acquisition further enhances our capabilities and presence in the MRO sector, solidifying our status as the largest private-sector MRO entity in the nation. The strategic location of Nagpur, at the heart of the country, adds significant value to our operations by improving our pan-India reach and providing ample capacity to expand our business,” he elaborated.

Adani Defence & Aerospace, a segment of the Adani Group, is at the forefront of designing, developing, and manufacturing advanced defence products. It has cultivated a thriving ecosystem of startups and MSMEs with an export-oriented focus, exemplary processes, and quality management systems.

“We are thrilled to collaborate with Adani Defence & Aerospace to elevate Indamer Technics to greater heights. This partnership merges profound engineering expertise with robust infrastructure and growth capital,” asserted Prajay Patel, Director of Indamer Technics and Prime Aero.