Company lists
The India edition · 2026

Aerospace, maritime and defensecompanies in India

Defense, aircraft parts, aerospace engineering, shipbuilding, ship repair and more: the companies building aerospace, maritime and defense in India, with their founders, funding, team size and business models.

897 company profiles353 with reported revenue24 with recorded fundingSeptember 2026 edition
India · Photo: Wikimedia Commons (CC BY-SA 4.0)

Recent aerospace, maritime and defense business events in India

Funding, M&A, contract wins and launches involving 1,029 aerospace, maritime and defense companies in India, last 24 months: 327 Contracts · 30 M&A deals · 15 funding rounds · 1 Launch. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

ContractSupply

Abb · client: Cochin shipyard

Technology company ABB has won a contract from India's Cochin Shipyard to supply power and propulsion systems for two electric harbour tugs being built for Polestar Maritime.

Marine
ContractDefense

Solar industries india · client: Na

Solar Industries India Ltd. and its subsidiary have secured ₹1,076 crore ($113 million) worth of defence export contracts, to be executed over three years.

Defence
ContractSupply

Paras Defence and Space Technologies Limited · client: Bharat electronics

Paras Defence and Space Technologies Limited has received an order worth approximately Rs 52.82 crore, inclusive of taxes, from Bharat Electronics Limited (BEL).

Defence
ContractMaintenance

Takyon Networks · client: Hindustan aeronautics

Takyon Networks has received a work order worth of Rs 60.50 lakh from Hindustan Aerinautics (HAL) for the purpose of Comprehensive Annual Maintenance Contract.

ContractSupply

Paras defence & space technologies · client: DRDO, Ministry of Defence

Earlier, on April 30, the company received an order worth approximately ₹7.72 crore (inclusive of taxes) from DRDO, Ministry of Defence, for the development of Ku/C-band satellite…

Defence
M&AAcquisition · Completed

Krishna defence & allied industries acquires Taharabadkar Solutions Pvt Ltd

KDAIL has completed the acquisition of a 46.81% stake in Taharabadkar Solutions Pvt Ltd (TSPL), a defence-focused startup incorporated on 11th March 2025. The acquisition was completed…

Defence – Smart Weapons & Guided Ammunition Systems
ContractSupply

Premier explosives · client: Na

Premier Explosives Limited has announced a significant export order valued at ₹33.69 crores for the supply of rocket motors.

Defence
ContractSupply

Avantel · client: Bharat electronics

Avantel has announced an amendment to a purchase order from Bharat Electronics Limited, adding an additional value of ₹3.01 crore for the supply of power amplifiers.

Electronics
ContractSupply

Bharat electronics · client: Ministry of defence

Shares of Bharat Electronics Limited (BEL) were trading in the red but swung green on 5 May after the company announced that it has received a Rs 1,251 crore contract from the Ministry…

Defense
M&AAcquisition · Announced

Indo National Limited acquires Aidin technologies

The Board of Directors of Indo-National, at its meeting held on Thursday, approved the proposed acquisition of 51 per cent of the paid-up share capital of Aidin Technologies Private…

Aerospace and Defence
ContractSupply

Azad engineering · client: Nuovo Pignone

Azad Engineering has signed Amendment No. 3 to its Strategic Supply Agreement with Nuovo Pignone S.r.l., a part of Baker Hughes Company, on 23 April 2026.

Oil and gas industry
ContractDefense

Bharat electronics · client: Ministry of defence

Bharat Electronics Limited (BEL) has attracted market attention after securing fresh orders worth Rs 569 crore

Defence Electronics
ContractSupply

Premier explosives · client: Na

Premier Explosives has announced the receipt of a significant export order valued at ₹350.23 crores for the supply of defence products.

Defence
ContractSupply

Bharat earth movers · client: Indian army

The contracts with defence PSU Bharat Earth Movers Ltd (BEML) and Electro Pneumatics and Hydraulics (India) Private Ltd are for the procurement of TRAWL assembly for T-72/T-90 tanks.

Defense
ContractDefense

Apollo micro systems · client: Government of india

APOLLO MICRO SYSTEMS HAS POINTED OUT IN EXCHANGE FILING THAT THE COMPANY FOR MANUFACTURING A VARIETY OF DIFFERENT DEFENCE SYSTEMS AND AMMUNITION OF AMMUNITION TO THE GOVERNMENT OF INDIA

Aerospace and Defense
ContractSupply

Dcx systems · client: IAI-ELTA Systems Limited

DCX Systems said it has received a purchase order worth about ₹93 million from Israel-based IAI-ELTA Systems Limited for manufacturing and supply of Transmitter Receiver Modules, as part…

Defense
ContractTechnology

Infotek Software and Systems (i-TEK RFID) · client: Bharat electronics

The major defence PSU Bharat Electronics (BEL) signed a Memorandum of Understanding (MoU) with Infotek Software and Systems (i-TEK RFID) on April 16, 2026.

Defense
ContractSupply

Beml · client: Middle East region

BEML has secured an export order valued at USD 36.38 million from the Middle East region, the order entails the supply of heavy earthmoving equipment.

Infrastructure
ContractSupply

Na · client: ABS Marine Services

India's ABS Marine Services has entered into a contract to acquire a multipurpose offshore support vessel from the international market to expand its owned fleet.

M&AAcquisition · Completed

Aequs acquires Aequs Foundation

Aequs has successfully completed the acquisition of 1,000 equity shares, representing 50% of the total share capital of Aequs Foundation, from Hubballi Durable Goods Cluster Private Limited.

ContractService

Ceinsys tech · client: Indian Space Research Organisation

Ceinsys Tech has announced the receipt of a significant service order from the Indian Space Research Organisation (ISRO) valued at Rs 3,24,50,000, inclusive of GST.

Technology
M&AAcquisition · Announced

HFCL Advanced Systems Pvt Ltd. (HASPL) acquires Raddef

HASPL will acquire HFCL's 80% stake in Raddef, a Radar Technology company.

Radar Technology
ContractTechnology

Spiral EHL Engineering Limited · client: Defsys solutions

Spiral in turn will be acquiring the Aerostructure and Aeronautics business of Defsys Solutions Private Limited (Defsys) on a slump sale basis.

Defense and Aerospace
M&AAcquisition · Announced

HFCL Advance Systems Private Limited acquires Raddef

HASPL will also acquire 80 per cent stake of HFCL in Raddef Private Limited, a radar technology company.

Radar technology
M&AAcquisition · Announced

HFCL Advance Systems Private Limited acquires Defsys solutions

The latter will in turn acquire the Aerostructure and Aeronautics business of Defsys Solutions Private Limited (Defsys) on a slump sale basis.

Aerostructure and Aeronautics business
ContractDefense

Dcx systems · client: Na

the firm bagged an order from a domestic customer. The order is worth ₹563.45 crore, including the manufacture and supply of maritime patrol radar systems (MPR) for the airborne application.

Defense
ContractSupply

Mazagon dock shipbuilders · client: Shipping corporation of india

Shares of Mazagon Dock Shipbuilders Limited were trading lower today even as the PSU said it has inked a contract with Shipping Corporation of India Limited (SCI) for the construction…

M&AAcquisition · Completed

Sigma Advanced Systems Limited acquires AS Strategic

The company recently acquired Delhi-based AS Strategic, a defence and space-focused firm that operates through long-term joint ventures and exclusive service partnerships with European…

Defence and Space

Aerospace, maritime and defense companies in India, by revenue

Browse aerospace, maritime and defense companies in India by reported revenue, one-year revenue growth, revenue model, age and stage. The 50 companies below are the largest by their most recent reported revenue among 353 aerospace, maritime and defense companies in India that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 50

Manufacturer of defence, aerospace, and security solutions for military applications

Defense contractors
₹100,365.08 crFY 2024-25
+2%2024–2025
2,363+8% 12 mo to Sep 2024recorded Sep 2024
9 yr2017
0none in 3 months

Provider of design, fabrication & assembly of aircraft, jet engines, helicopters and their spare parts

Defense contractors
₹32,277.68 crFY 2023-24
Not reported
6,761-3% 12 mo to Aug 2024recorded Aug 2024
86 yr1940
0none in 3 months

Manufacturer of electronic products for the Indian armed forces

Defense contractors
₹20,938.38 crFY 2023-24
Not reported
10,665LinkedIn · Jul 2026
72 yr1954
0none in 3 months

Designs and develops ships

Shipbuilders
₹10,568.05 crFY 2023-24
Not reported
2,982-11% 12 mo to Mar 2023recorded Mar 2023
92 yr1934
0none in 3 months

Manufacturer of defense and industrial explosives

Defense contractors
₹7,611.09 crFY 2024-25
+24%2024–2025
1,875+0% 12 mo to Mar 2024recorded Mar 2024
31 yr1995
0none in 3 months

Manufacturer of defense and industrial explosives

Defense contractors
₹6,113.99 crFY 2023-24
Not reported
1,811+3% 12 mo to Nov 2023recorded Nov 2023
31 yr1995
0none in 3 months

Manufacturer of supersonic cruise missile systems for land, sea, and air

Services for military
₹5,671.16 crFY 2024-25
+44%2024–2025
504+1% 12 mo to Sep 2024recorded Sep 2024
28 yr1998
0none in 3 months

Provider of unmanned aerial security patrolling and reconnaissance

Defense contractors
₹5,175.89 crFY 2024-25
+7%2024–2025
10,584+19% 12 mo to Sep 2024LinkedIn · Jul 2026
19 yr2007
13postings · last posted Sep 2026

Provider of ship design & engineering services

Ship design and engineering services
₹4,140.64 crFY 2023-24
Not reported
5,305-5% 12 mo to Sep 2024recorded Sep 2024
54 yr1972
—No postings tracked

Manufacturer of rail coaches, spare parts, mining, construction, and defense equipment

Defense contractors
₹4,096.56 crFY 2023-24
Not reported
552-3% 12 mo to Mar 2023LinkedIn · Jul 2026
62 yr1964
—No postings tracked

Provider of government programs access & development, satellite launching, and digital mapping services

Government entities
₹1,674.77 crFY 2021-22
Not reported
16,786+284% vs previous recordrecorded
57 yr1969
—No postings tracked

Provider of cable & wire harnessing and system integration services for defence

Services for military
₹1,473.23 crFY 2023-24
Not reported
109+10% 12 mo to Oct 2023recorded Oct 2023
15 yr2011
—No postings tracked

Manufacturer of diversified manufacturing solutions built on precision engineering

Aircraft parts and sub component manufacturers
₹959.21 crFY 2024-25
-3%2024–2025
2,214-49% 12 mo to Sep 2024LinkedIn · Jul 2026
26 yr2000
0none in 3 months · last posted Jun 2026

Provider of mission‑critical embedded electronic systems and sensor‑centric solutions

Defense contractors
₹754.69 crFY 2024-25
+33%2024–2025
1,391+31% 12 mo to Jul 2024LinkedIn · Jul 2026
41 yr1985
0none in 3 months

Manufacturer of ammunition and platform protection

Defense contractors
₹622.57 crFY 2024-25
+16%2024–2025
—Not available
41 yr1985
0none in 3 months

Manufacturer of electrical harnesses, electromechanical assemblies, and electronic panels

Defense contractors
₹598.97 crFY 2024-25
+31%2024–2025
1,153-0% 12 mo to Jun 2024LinkedIn · Jul 2026
19 yr2007
0none in 3 months · last posted Jun 2026

Offers specialist offshore and onshore transportation services to the oil and gas sector

Passenger airlines
₹593.67 crFY 2024-25
Not reported
27-3% 12 mo to Mar 2023LinkedIn · Jul 2026
28 yr1998
0none in 3 months

Design, assembly, and testing services provider

Defense contractors
₹564.95 crFY 2024-25
+51%2024–2025
287+29% 12 mo to Aug 2024LinkedIn · Jul 2026
41 yr1985
0none in 3 months · last posted Jul 2025

Provider of smart ballistic protection solutions for the military

Defense contractors
₹549.57 crFY 2023-24
+11%2023–2024
1,103LinkedIn · Jul 2026
44 yr1982
0none in 3 months

Manufacturer of aerostructure assemblies for commercial aircrafts

Aircraft parts and sub component manufacturers
₹512.90 crFY 2024-25
+9%2024–2025
—Not available
13 yr2013
0none in 3 months

Manufacturer of solid propellants

Defense contractors
₹419.57 crFY 2024-25
+52%2024–2025
212+3% 12 mo to Jul 2024LinkedIn · Jul 2026
46 yr1980
0none in 3 months

Provider of aerospace systems and geospatial services for various applications

Aerospace engineering and design services
₹416.70 crFY 2024-25
+51%2024–2025
1,011+11% 12 mo to Aug 2024LinkedIn · Jul 2026
34 yr1992
0none in 3 months

Provider of shipping engineering, and training services

Ship design and engineering services
₹364.99 crFY 2024-25
-6%2024–2025
69+6% 12 mo to Sep 2024LinkedIn · Jul 2026
31 yr1995
0none in 3 months

Provider of engineering components manufacturing, CNC machining, and fabrication services

Aircraft parts and sub component manufacturers
₹361.36 crFY 2024-25
Not reported
373LinkedIn · Jul 2026
34 yr1992
0none in 3 months · last posted Jun 2026

Provider of aerospace manufacturing and engineering services

Aerospace engineering and design services
₹356.31 crFY 2024-25
+37%2024–2025
372LinkedIn · Jul 2026
16 yr2010
0none in 3 months · last posted Jun 2026
50 of 897 companies shown here · the full list is on Radar
Fliar Radar

Explore all 897 aerospace, maritime and defense companies in India on Radar

This page shows the top 50. Radar has the complete, filterable list with contacts and live company signals.

Open aerospace, maritime and defense in India on Radar
  • Every company, not just 50All 897 aerospace, maritime and defense companies in India, filterable by stage, funding, team size, revenue model and age.
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  • Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
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Explore aerospace, maritime and defense companies in India by what you are looking for

Browse top aerospace, maritime and defense companies in India, from defense contractors and aircraft parts makers to shipbuilders and ship repair firms. You can also find aerospace startups in India and aerospace, maritime and defense companies hiring right now.

9 ways to explore aerospace, maritime and defense in India

Defense contractors & military equipment makersAircraft parts & aerostructure manufacturersAerospace engineering & design servicesShipbuilders & ship component manufacturersShip repair & marine management servicesSpace research & satellite companies

Defense contractors & military equipment makers

Companies that build weapons, electronics, ammunition and systems for the armed forces.

  1. Adani Defence & Aerospace

    Manufacturer of defence, aerospace, and security solutions for military applications

    Defense contractors
    See in list
  2. Hal India

    Provider of design, fabrication & assembly of aircraft, jet engines, helicopters and their spare parts

    Defense contractors
    See in list
  3. Solar Group

    Manufacturer of defense and industrial explosives

    Defense contractors
    See in list
  4. BrahMos

    Manufacturer of supersonic cruise missile systems for land, sea, and air

    Services for military
    See in list
  5. Tata Advanced Systems

    Provider of unmanned aerial security patrolling and reconnaissance

    Defense contractors
    See in list

Aircraft parts & aerostructure manufacturers

Manufacturers and suppliers of aircraft components, engines, interiors and spare parts.

  1. Aerostructures Assemblies India

    Manufacturer of aerostructure assemblies for commercial aircrafts

    Aircraft parts and sub component manufacturers
    See in list
  2. Raghu Vamsi

    Provider of engineering components manufacturing, CNC machining, and fabrication services

    Aircraft parts and sub component manufacturers
    See in list
  3. International Aerospace Manufacturing

    Provider of aerospace manufacturing and engineering services

    Aerospace engineering and design services
    See in list
  4. Unimech Aerospace

    Manufacturer & supplier of aircraft parts and components

    Aircraft parts and sub component manufacturers
    See in list
  5. Merlinhawk Aerospace

    Manufacturer of aerospace and defense products and services

    Aircraft parts and sub component manufacturers
    See in list
128 companies in India

Aerospace engineering & design services

Firms offering aerospace engineering, design, precision manufacturing and MRO services.

  1. Aequs

    Manufacturer of diversified manufacturing solutions built on precision engineering

    Aircraft parts and sub component manufacturers
    See in list
  2. Ananth Technologies

    Provider of aerospace systems and geospatial services for various applications

    Aerospace engineering and design services
    See in list
  3. International Aerospace Manufacturing

    Provider of aerospace manufacturing and engineering services

    Aerospace engineering and design services
    See in list
  4. CACPL

    Provider of aerospace engineering and design services

    Aerospace engineering and design services
    See in list
  5. TASE

    Manufacturer of precision components for aerospace energy and medical industries

    Manufacturing services
    See in list

Shipbuilders & ship component manufacturers

Shipyards, ship designers and makers of marine components, engines and automation.

  1. Cochin Shipyard

    Provider of ship design & engineering services

    Ship design and engineering services
    See in list
  2. Knowledge Marine & Engineering Works

    Provider of ship designing and engineering services

    Ship design and engineering services
    See in list
  3. Ultra Dimensions

    Provider of diverse services for the defense sector

    Defense contractors
    See in list
  4. Yeoman Marine Services

    Provider of ship repair and maintenance services

    Ship repair and management services
    See in list
  5. Marine Solutionz

    Provider of ship management company providing marine shipping and technical management solutions

    Ship design and engineering services
    See in list
115 companies in India

Ship repair & marine management services

Providers of ship repair, maintenance, crew and ship management services.

  1. Shoft

    Provider of ship repair services

    Ship repair and management services
    See in list
  2. Shivansh Offshore & Marine Services

    Provider of ship safety management services

    Ship repair and management services
    See in list
  3. Solas Marine Services

    Provider of marine services including safety equipment inspection and services

    Ship repair and management services
    See in list
  4. Yeoman Marine Services

    Provider of ship repair and maintenance services

    Ship repair and management services
    See in list
  5. Aurus Ship Management

    Operator of vessels, providing technical management and crewing services

    Ship repair and management services
    See in list
125 companies in India

Space research & satellite companies

Space research organisations and companies making satellite and space hardware.

  1. ISRO

    Provider of government programs access & development, satellite launching, and digital mapping services

    Government entities
    See in list
  2. Aidin Technologies

    Provider of advanced defense and aerospace solutions

    Space tech
    Website
  3. LTX

    Provider of space research services

    Space research services
    Website
  4. NKE Group

    Provider of equipment and components solutions for space industry

    Services for military
    Website
  5. Varchas Aerospace

    Provider of indigenous aerospace & defense solutions

    Defense contractors
    Website

Aerospace, maritime & defense startups in India

Newer aerospace, maritime and defense companies founded in recent years.

  1. RSRAviation

    Provider of aircraft consumable, spare parts, tools & hardware, setting highest standards in business practices

    Aircraft and aircraft parts distributors
    Website
  2. Xfinity Maritime

    Provider of communication and technology solutions for the maritime industry

    Ship repair and management services
    Website
  3. Tanvimarinetech

    Provider of recreational resort services and event facilities

    Ship repair and management services
    Website
  4. Varchas Aerospace

    Provider of indigenous aerospace & defense solutions

    Defense contractors
    Website
  5. Athes Automotive Engineering

    Company that provides re-engineering solutions for defense vehicles, leveraging proprietary design services

    Defense contractors
    Website
158 companies in India

Listed aerospace, maritime & defense companies in India

Publicly traded aerospace, maritime and defense companies.

  1. Hal India

    Provider of design, fabrication & assembly of aircraft, jet engines, helicopters and their spare parts

    Defense contractors
    See in list
  2. Mazagon Dock Shipbuilders

    Designs and develops ships

    Shipbuilders
    See in list
  3. Solar Group

    Manufacturer of defense and industrial explosives

    Defense contractors
    See in list
  4. Cochin Shipyard

    Provider of ship design & engineering services

    Ship design and engineering services
    See in list
  5. BEML

    Manufacturer of rail coaches, spare parts, mining, construction, and defense equipment

    Defense contractors
    See in list
28 companies in India

Aerospace, maritime & defense companies hiring in India

Companies in this sector with open roles.

  1. Tata Advanced Systems

    Provider of unmanned aerial security patrolling and reconnaissance

    Defense contractors
    See in list
  2. Aequs

    Manufacturer of diversified manufacturing solutions built on precision engineering

    Aircraft parts and sub component manufacturers
    See in list
  3. SASMOS

    Manufacturer of electrical harnesses, electromechanical assemblies, and electronic panels

    Defense contractors
    See in list
  4. Apollo Microsystem

    Design, assembly, and testing services provider

    Defense contractors
    See in list
  5. Raghu Vamsi

    Provider of engineering components manufacturing, CNC machining, and fabrication services

    Aircraft parts and sub component manufacturers
    See in list
36 companies in India
Mobile reach

Top 9 aerospace, maritime and defense apps from India

The most-installed Android apps published by aerospace, maritime and defense companies headquartered in India — 24K installs between them. 9 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 9
1

TropoGo- Drone Jobs & Maps

by TropoGo

Installs21K
Rating—
Last updatedMay 2024
View on Google Play ↗
TropoGo- Drone Jobs & Maps screenshot 1TropoGo- Drone Jobs & Maps screenshot 2TropoGo- Drone Jobs & Maps screenshot 3TropoGo- Drone Jobs & Maps screenshot 4TropoGo- Drone Jobs & Maps screenshot 5TropoGo- Drone Jobs & Maps screenshot 6
2

AZISTA

by Azista

Installs1K
Rating—
Last updatedFeb 2026
View on Google Play ↗
AZISTA screenshot 1AZISTA screenshot 2AZISTA screenshot 3AZISTA screenshot 4AZISTA screenshot 5AZISTA screenshot 6
6

Genex Space Learn

by Genex

Installs124
Rating—
Last updatedAug 2025
View on Google Play ↗
Genex Space Learn screenshot 1Genex Space Learn screenshot 2Genex Space Learn screenshot 3Genex Space Learn screenshot 4Genex Space Learn screenshot 5Genex Space Learn screenshot 6
9

Flytutor

by Flytutor

Installs5
Rating—
Last updatedApr 2026
View on Google Play ↗
Flytutor screenshot 1Flytutor screenshot 2Flytutor screenshot 3Flytutor screenshot 4Flytutor screenshot 5Flytutor screenshot 6
The business behind the activity

Aerospace, maritime and defense financials in India

Revenue, profit and growth from the filed annual accounts of 327 aerospace, maritime and defense companies in India for FY24-25 — 371 of the 897 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 74% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹141,837.81 cr

327 companies filing accounts

combined net profit₹27,297.40 cr

19.2% aggregate margin

are profitable77%

252 of 327 companies

median revenue~₹11.8 cr

the typical company

median revenue growth+22%

into FY24-25

earned by the top five74%

revenue concentration

Six-year view

Combined revenue of filing companies

₹76,337.98 crFY19-20246 filers
₹77,571.99 crFY20-21275 filers
₹103,537.30 crFY21-22295 filers
₹146,994.12 crFY22-23318 filers
₹135,331.44 crFY23-24337 filers
₹141,837.81 crFY24-25327 filers

The number of companies filing changes each year; the three-year cohort below compares like with like.

Like-for-like

The same 286 companies over three years

-3%
FY22-23₹145,255.43 cr₹32,189.76 cr net
FY23-24₹132,983.52 cr₹21,131.89 cr net
FY24-25₹141,127.48 cr₹27,334.48 cr net

Companies with accounts for all three years, so growth is not an artefact of who filed.

Scale and profit

Bigger companies are far more often profitable

Under ₹1 cr6548% profitable
₹1–10 cr9070% profitable
₹10–100 cr11991% profitable
₹100–1,000 cr4393% profitable
Over ₹1,000 cr10100% profitable

Companies by FY24-25 revenue. Bars show how many companies sit in each band.

Momentum

How fast revenue moved into FY24-25

Shrinking99
0–20%51
20–50%71
50–100%44
Doubled+50

315 companies with accounts for both years; median growth +22%.

Profitability

Profit is concentrated at the top

252profitable
75loss-making
19.2%aggregate margin
3.9%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
JisnuJisnu Communications Private Limited
Altair InfrasecALTAIR INFRASEC PRIVATE LIMITED+770%
Swan Defence and Heavy IndustriesSWAN DEFENCE AND HEAVY INDUSTRIES LIMITED+612%
Lohia Aerospace SystemsLOHIA AEROSPACE SYSTEMS PRIVATE LIMITED₹29.26 cr
JeanuvsJEANUVS PRIVATE LIMITED₹68.07 cr
RSRAviationRSR AVIATION SERVICES PRIVATE LIMITED+210%
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Mat MarineMAT MARINE SERVICES PRIVATE LIMITED50.2%₹92.35 cr
Sial ManufacturersSIAL MANUFACTURERS PRIVATE LIMITED49.9%₹60.95 cr
Shivansh Offshore & Marine ServicesSHIVANSH OFFSHORE AND MARINE SERVICES PRIVATE LIMITED
Vista Consoles ElectronicsVISTA CONSOLES ELECTRONICS PRIVATE LIMITED
TAALTANEJA AEROSPACE AND AVIATION LTD42.9%₹42.15 cr
Mg SeatingMG SEATING SYSTEMS PRIVATE LIMITED39.4%₹26.91 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Defense contractors99₹105,719.92 cr~₹15.5 cr81%20.4%
Shipbuilders6₹12,678.00 cr~₹18.7 cr83%16.9%
Services for military30₹6,569.93 cr~₹12.7 cr83%14.4%
Ship design and engineering services17₹5,463.36 cr~₹25.4 cr76%16.5%
Ship repair and management services43₹1,759.65 cr~₹10.0 cr77%15.0%
Aircraft parts and sub component manufacturers18₹1,734.73 cr~₹22.1 cr83%7.7%
Aerospace engineering and design services29₹1,258.88 cr~₹7.4 cr72%11.0%
Manufacturing services6₹432.18 cr~₹49.2 cr100%13.5%
Leaders

Largest aerospace, maritime and defense companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Hal IndiaHINDUSTAN AERONAUTICS LIMITED₹33,546.45 cr₹8,316.80 cr24.8%+4%
Adani Defence & AerospaceADANI ENTERPRISES LIMITED₹28,313.04 cr₹6,040.23 cr21.3%-16%
BELBHARAT ELECTRONICS LIMITED₹24,425.60 cr₹5,288.25 cr21.7%+17%
Mazagon Dock ShipbuildersMAZAGON DOCK SHIPBUILDERS LIMITED₹12,600.65 cr₹2,324.88 cr18.5%+19%
BrahMosBRAHMOS AEROSPACE PRIVATE LIMITED₹5,524.26 cr₹853.49 cr15.4%+44%
Tata Advanced SystemsTATA ADVANCED SYSTEMS LIMITED₹5,145.49 cr₹66.53 cr1.3%+9%
Cochin ShipyardCOCHIN SHIPYARD LIMITED₹4,908.29 cr₹842.91 cr17.2%+24%
Solar GroupSOLAR INDUSTRIES INDIA LIMITED₹4,540.35 cr₹803.11 cr17.7%+20%
BEMLBEML LIMITED₹4,047.13 cr₹294.19 cr7.3%-1%
NewSpace IndiaNEWSPACE INDIA LIMITED₹3,016.95 cr27.3%+13%
Some figures are available to Radar members.Log in to Radar to see every figure

Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

Industry landscape report

Aerospace, Maritime and Defense Industry Landscape of India

The financials above are one chapter. The full aerospace, maritime and defense landscape of India maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.

  • Market map of every sub-sector
  • Funding & company formation by year
  • Revenue, profit & financial strength
  • Digital footprint: traffic, apps, releases
  • Hiring, skills & pay
  • Founders & leaders
  • News & sentiment
  • Where demand runs ahead of supply
Read the aerospace, maritime and defense landscape of India
For investors and data teams

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The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.

Capital & corporate activity

Aerospace, maritime and defense funding and M&A across India

66 recorded equity rounds have gone to 1,029 aerospace, maritime and defense companies in India — how much, at which stage, into which sub-sectors, from whom, and how India compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months8

US$35.16m

equity rounds, last 24 months14

US$99.51m

raised over five yearsUS$249.94m

37 rounds in India

M&A deals, India30

last 24 months

Capital by year

Equity funding into aerospace, maritime and defense in India

amount rounds
$829k20182
$6.2m20195
$429k20202
$2.1m20214
$295k20223
$106m20237
$43m202410
$67m20257
$31m20266

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2023, with US$106.44m across 7 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$4.87m7 rounds · median US$242k
SeedUS$12.28m17 rounds · median US$430k
Series AUS$58.63m6 rounds · median US$4.70m
Series BUS$67.52m3 rounds · median US$19.22m
Private equityUS$106.65m3 rounds · median US$33.50m
Where the money went · five years

Most-funded sub-sectors

Aircraft parts and sub component manufacturersUS$135.83m9 rounds · 6 companies
Defense contractorsUS$86.82m11 rounds · 10 companies
Manufacturing servicesUS$19.15m1 rounds · 1 companies
Aircraft enginesUS$5.83m7 rounds · 2 companies
Services for militaryUS$1.10m1 rounds · 1 companies
DronesUS$784k5 rounds · 1 companies
Space techUS$242k1 rounds · 1 companies
Corporate activity · last 24 months

M&A in India

29Acquisition
1Merger

Most active acquirers

  1. Adani defence & aerospace4
  2. HFCL Advance Systems Private Limited3
  3. Krishna defence & allied industries2
  4. Sigma Advanced Systems Limited2
  5. Mazagon dock shipbuilders2

Most acquired or merged

  1. Raddef2
  2. AS Strategic2
  3. Colombo dockyard2
  4. Na2
  5. Taharabadkar Solutions Pvt Ltd1

Each deal appears in the events strip at the top of the page.

Aerospace, maritime and defense funding in India

24 aerospace, maritime and defense companies in India have recorded equity funding, US$350.93m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in India

Meet the people behind aerospace, maritime and defense companies in India. 261 of 897 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore India aerospace, maritime and defense companies by sub-sector

The most common specialisations among aerospace, maritime and defense companies in India. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring aerospace, maritime and defense in India and nearby markets.

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