Company lists
The Karnataka edition · 2026

Aerospace, maritime and defensecompanies in Karnataka

Aerospace engineering, aircraft parts, defense contractors, space, composites and more: the companies building aerospace, maritime and defense in Karnataka, with their founders, funding, team size and business models.

173 company profiles76 with reported revenue10 with recorded fundingOctober 2026 edition
Karnataka · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 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: 324 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 Karnataka, by revenue

Browse aerospace, maritime and defense companies in Karnataka 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 76 aerospace, maritime and defense companies in Karnataka 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

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
11,023LinkedIn · Oct 2026
72 yr1954
0none in 3 months

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

Defense contractors
₹4,096.56 crFY 2023-24
Not reported
562-3% 12 mo to Mar 2023LinkedIn · Oct 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
5,382+284% vs previous recordLinkedIn · Oct 2026
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
2,342-49% 12 mo to Sep 2024LinkedIn · Oct 2026
26 yr2000
0none in 3 months · last posted Jun 2026

Manufacturer of electrical harnesses, electromechanical assemblies, and electronic panels

Defense contractors
₹598.97 crFY 2024-25
+31%2024–2025
1,227-0% 12 mo to Jun 2024LinkedIn · Oct 2026
19 yr2007
0none in 3 months · last posted Jun 2026

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

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

Manufacturer & supplier of aircraft parts and components

Aircraft parts and sub component manufacturers
₹267.69 crFY 2024-25
+25%2024–2025
416-58% vs previous recordLinkedIn · Oct 2026
10 yr2016
0none in 3 months

Manufacturer of aerospace and defense products and services

Aircraft parts and sub component manufacturers
₹138.49 crFY 2024-25
+35%2024–2025
191+17% 12 mo to Jun 2024LinkedIn · Jul 2026
42 yr1984
0none in 3 months

Company specializes in developing aerospace and defense solutions by integrating technology, engineering, and manufacturing expertise

Defense contractors
₹133.71 crFY 2024-25
+108%2024–2025
301+33% 12 mo to Sep 2024LinkedIn · Oct 2026
15 yr2011
1postings · last posted Aug 2026

Provider of aerospace engineering services

Aerospace engineering and design services
₹124.16 crFY 2024-25
-2%2024–2025
—Not available
35 yr1991
23postings · last posted Sep 2026

Provider of aircraft model, consulting, and other services

Aerospace engineering and design services
₹119.02 crFY 2024-25
+127%2024–2025
141+5% 12 mo to Sep 2024LinkedIn · Oct 2026
14 yr2012
0none in 3 months

Provider of integrated audio-visual solutions and equipment

Manufacturing services
₹71.35 crFY 2021-22
+17%2021–2022
6-83% 12 mo to Nov 2021recorded Nov 2021
42 yr1984
0none in 3 months

Provider of advanced defense and aerospace solutions

Space tech
₹72.00 crFY 2024-25
+169%2024–2025
68-4% 12 mo to Sep 2024LinkedIn · Jul 2026
18 yr2008
0none in 3 months

Provider of MRO, integration and value-added distribution services for Aerospace, Defence & Space, and Automotive sectors

Services for military
₹63.04 crFY 2022-23
Not reported
111+12% 12 mo to Jun 2024LinkedIn · Oct 2026
57 yr1969
—No postings tracked

Provider of manufacturing consultancy services

Ship design and engineering services
₹60.68 crFY 2024-25
-13%2024–2025
399-48% 12 mo to Sep 2024LinkedIn · Oct 2026
25 yr2001
0none in 3 months · last posted Jul 2026

Provider of aerospace design and engineer services

Aerospace engineering and design services
₹47.26 crFY 2021-22
Not reported
207+23% 12 mo to Feb 2024recorded Feb 2024
22 yr2004
—No postings tracked

Diversified conglomerates operates across multiple industries

Traditional conglomerates
₹49.97 crFY 2022-23
Not reported
—Not available
48 yr1978
—No postings tracked

Technology-focused company that specializes in technology and product development for various industries, particularly defense and aerospace

Defense contractors
₹52.43 crFY 2024-25
+26%2024–2025
55+10% 12 mo to Mar 2024LinkedIn · Jul 2026
29 yr1997
0none in 3 months

Provider of aerospace and defense technology solutions

Defense contractors
₹46.51 crFY 2024-25
+78%2024–2025
169LinkedIn · Jul 2026
37 yr1989
0none in 3 months · last posted Jun 2026

Provider of uggedized avionics and military systems

Services for military
₹39.90 crFY 2024-25
+93%2024–2025
—Not available
24 yr2002
0none in 3 months

Provider of electronic systems design and engineering solutions

Defense contractors
₹39.15 crFY 2024-25
+44%2024–2025
1,534+8% 12 mo to Sep 2024recorded Sep 2024
31 yr1995
0none in 3 months

Developer and manufacturer of thermal solutions for the aerospace industry

Energy efficiency
₹37.42 crFY 2024-25
+34%2024–2025
157+55% 12 mo to May 2024recorded May 2024
10 yr2016
0none in 3 months
50 of 173 companies shown here · the full list is on Radar
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Explore all 173 aerospace, maritime and defense companies in Karnataka on Radar

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Explore aerospace, maritime and defense companies in Karnataka by what you are looking for

Browse aerospace, maritime and defense companies in Karnataka, from aircraft parts manufacturers to defense contractors and space technology firms. Find aerospace engineering companies, defence electronics suppliers and listed aerospace and defense companies in Karnataka.

9 ways to explore aerospace, maritime and defense in Karnataka

Aerospace engineering & design services companiesAircraft parts & sub-component manufacturersDefense contractors & military systems suppliersSpace technology & research companiesAerospace composites & advanced materials makersAircraft manufacturers & drone makers

Aerospace engineering & design services companies

Engineering, design and manufacturing service providers for the aerospace industry.

  1. Aequs

    Manufacturer of diversified manufacturing solutions built on precision engineering

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

    Provider of aerospace manufacturing and engineering services

    Aerospace engineering and design services
    See in list
  3. ALTEN

    Provider of aerospace engineering services

    Aerospace engineering and design services
    See in list
  4. Cranes Software International

    Provider of integrated audio-visual solutions and equipment

    Manufacturing services
    See in list
  5. Aidin Technologies

    Provider of advanced defense and aerospace solutions

    Space tech
    See in list

Aircraft parts & sub-component manufacturers

Manufacturers and distributors of aerostructures, aircraft parts, fasteners and sub-components.

  1. Aerostructures Assemblies India

    Manufacturer of aerostructure assemblies for commercial aircrafts

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

    Provider of aerospace manufacturing and engineering services

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

    Manufacturer & supplier of aircraft parts and components

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

    Manufacturer of aerospace and defense products and services

    Aircraft parts and sub component manufacturers
    See in list
  5. Etaaero

    Manufacturer of precision machined components and sub-assemblies for various industries

    Aircraft parts and sub component manufacturers
    See in list
38 companies in Karnataka

Defense contractors & military systems suppliers

Defense contractors and suppliers of electronics, air defense and non-combat systems for the military.

  1. Hal India

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

    Defense contractors
    See in list
  2. BEL

    Manufacturer of electronic products for the Indian armed forces

    Defense contractors
    See in list
  3. BEML

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

    Defense contractors
    See in list
  4. DCX

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

    Services for military
    See in list
  5. SASMOS

    Manufacturer of electrical harnesses, electromechanical assemblies, and electronic panels

    Defense contractors
    See in list

Space technology & research companies

Companies working on satellites, launch vehicles, space hardware and space research.

  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
    See in list
  3. LTX

    Provider of space research services

    Space research services
    See in list
  4. NKE Group

    Provider of equipment and components solutions for space industry

    Services for military
    See in list
  5. Varchas Aerospace

    Provider of indigenous aerospace & defense solutions

    Defense contractors
    See in list

Aerospace composites & advanced materials makers

Manufacturers of composite structures, advanced materials and coatings for aerospace and defense.

  1. Aequs

    Manufacturer of diversified manufacturing solutions built on precision engineering

    Aircraft parts and sub component manufacturers
    See in list
  2. Valdel AT

    Manufacturer of composite products catering and system for aerospace, defense, and transportation sectors

    Aerospace maritime and defense composites
    See in list
  3. S & I Engineering Solutions

    Provider of computational fluid dynamic services to the aerospace industry

    Aerospace maritime and defense composites
    Website
  4. Defel Technology

    Manufacturer of defence and aerospace solutions

    Defense contractors
    Website
  5. Hulgol

    Precision manufacturing solutions for aerospace, defense, and industrial applications

    Aerospace maritime and defense composites
    Website
9 companies in Karnataka

Aircraft manufacturers & drone makers

Builders of electric aircraft, light aircraft, drones and unmanned aerial vehicles.

  1. Leap Aeronautics

    Developer of electric aircraft platform for air taxi and logistics

    Flying cars
    See in list
  2. TropoGo

    Provider of an open-source drone insurance solution

    Drones
    Website
  3. Dheya Engineering Technologies

    Provider of indigenously designed turbomachinery products and engineering services

    Aircraft engines
    Website
  4. E-VOTO

    Manufacturer of electric aircraft

    Aircraft manufacturers
    Website
  5. AeroNomad

    Manufacturer of light sports aircraft

    Aircraft manufacturers
    Website

Ship design, repair & maritime engineering

Ship design, engineering and repair service providers.

  1. Conceptia

    Provider of manufacturing consultancy services

    Ship design and engineering services
    See in list
  2. the hull

    The HULL of a ship floating in a sea of ideas as a container of design information and strategies for Architecture, Landscape, Interior.

    Ship design and engineering services
    Website
  3. manipal dot net

    Manipal Dot Net is a software and hardware design services organization that provides remote engineering services to off-shore clients.

    Ship design and engineering services
    Website
  4. kreative pool

    Kreative Pool is an IT company for software, web development and content management solutions.

    Ship design and engineering services
    Website
4 companies in Karnataka

Listed aerospace and defense companies in Karnataka

Publicly listed aerospace, maritime and defense companies in Karnataka.

  1. Hal India

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

    Defense contractors
    See in list
  2. BEML

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

    Defense contractors
    See in list
  3. DCX

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

    Services for military
    See in list
  4. Aequs

    Manufacturer of diversified manufacturing solutions built on precision engineering

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

    Manufacturer & supplier of aircraft parts and components

    Aircraft parts and sub component manufacturers
    See in list
8 companies in Karnataka

Aerospace and defense startups in Karnataka

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

  1. Varchas Aerospace

    Provider of indigenous aerospace & defense solutions

    Defense contractors
    See in list
  2. Next Defence

    Manufacturer of defence systems including small arms drones and simulators

    Defense contractors
    See in list
  3. Zosh Aerospace

    Aerospace offers support for installation and commissioning of machines and equipment with services in the aerospace & defense sector

    Defense contractors
    Website
  4. Jrvddefspace

    Precision engineering company specializing in manufacturing components for the aerospace, defense, and space industries

    Aerospace engineering and design services
    Website
  5. SCHMICK TEC

    Provider of 3DCAD modelling, Finite element analysis, drafting, and manufacturing services for defence & aerospace Industries

    Services for military
    Website
27 companies in Karnataka
Mobile reach

Top 3 aerospace, maritime and defense apps from Karnataka

The most-installed Android apps published by aerospace, maritime and defense companies headquartered in Karnataka — 22K installs between them. 3 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 3
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
The business behind the activity

Aerospace, maritime and defense financials in Karnataka

Revenue, profit and growth from the filed annual accounts of 73 aerospace, maritime and defense companies in Karnataka for FY24-25 — 78 of the 173 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 96% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹67,984.67 cr

73 companies filing accounts

combined net profit₹14,880.58 cr

21.9% aggregate margin

are profitable73%

53 of 73 companies

median revenue~₹8.7 cr

the typical company

median revenue growth+27%

into FY24-25

earned by the top five96%

revenue concentration

Six-year view

Combined revenue of filing companies

₹39,120.46 crFY19-2045 filers
₹43,037.78 crFY20-2153 filers
₹48,761.15 crFY21-2258 filers
₹55,313.03 crFY22-2365 filers
₹62,235.47 crFY23-2467 filers
₹67,984.67 crFY24-2573 filers

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

Like-for-like

The same 60 companies over three years

+23%
FY22-23₹55,286.25 cr₹9,513.74 cr net
FY23-24₹62,103.34 cr₹12,841.62 cr net
FY24-25₹67,844.26 cr₹14,955.26 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 cr1631% profitable
₹1–10 cr2475% profitable
₹10–100 cr2095% profitable
₹100–1,000 cr978% profitable
Over ₹1,000 cr4100% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking16
0–20%14
20–50%15
50–100%11
Doubled+10

66 companies with accounts for both years; median growth +27%.

Profitability

Profit is concentrated at the top

53profitable
20loss-making
21.9%aggregate margin
3.1%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
Aidin TechnologiesAIDIN TECHNOLOGIES PRIVATE LIMITED+169%₹72.00 cr
Blue Hat SolutionsBLUE HAT SOLUTIONS PRIVATE LIMITED+127%₹119.02 cr
Rangsons AerospaceRANGSONS AEROSPACE PRIVATE LIMITED+107%₹133.71 cr
Unimech AerospaceUnimech Aerospace And Manufacturing Limited+94%₹63.94 cr
DILABSDILABS SYSTEMS PRIVATE LIMITED+93%₹39.90 cr
PushpakPUSHPAK PRODUCTS INDIA PRIVATE LIMITED
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Unimech AerospaceUnimech Aerospace And Manufacturing Limited29.8%₹63.94 cr
NewSpace IndiaNEWSPACE INDIA LIMITED27.3%₹3,016.95 cr
Hal IndiaHINDUSTAN AERONAUTICS LIMITED24.8%₹33,546.45 cr
AvioHeliTronicsAVIOHELITRONICS INFOSYSTEMS PRIVATE LIMITED23.8%₹40.54 cr
BELBHARAT ELECTRONICS LIMITED21.7%₹24,425.60 cr
FFS DefenceFFS DEFENCE ENGINEERING LIMITED
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Defense contractors21₹62,805.96 cr~₹26.5 cr76%22.2%
Aircraft parts and sub component manufacturers8₹816.93 cr~₹36.3 cr75%-0.6%
Aerospace engineering and design services16₹604.60 cr~₹6.3 cr81%9.6%
Services for military5₹206.33 cr~₹12.8 cr100%14.2%
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%
BELBHARAT ELECTRONICS LIMITED₹24,425.60 cr₹5,288.25 cr21.7%+17%
BEMLBEML LIMITED₹4,047.13 cr₹294.19 cr7.3%-1%
NewSpace IndiaNEWSPACE INDIA LIMITED₹3,016.95 cr27.3%+13%
Aerostructures Assemblies IndiaAEROSTRUCTURES MANUFACTURING INDIA PRIVATE LIMITED₹512.90 cr₹33.40 cr6.5%+9%
International Aerospace ManufacturingINTERNATIONAL AEROSPACE MANUFACTURING PRIVATE LIMITED₹356.31 cr₹28.07 cr7.9%+37%
SASMOSSASMOS HET TECHNOLOGIES LIMITED₹344.81 cr₹22.15 cr6.4%+20%
Ankit AerospaceANKIT AEROSPACE PRIVATE LIMITED₹312.63 cr₹43.73 cr14.0%+27%
Sika Interplant SystemsSIKA INTERPLANT SYSTEMS LIMITED₹151.15 cr₹25.73 cr17.0%+36%
Rangsons AerospaceRANGSONS AEROSPACE PRIVATE LIMITED₹133.71 cr−₹5.42 cr-4.1%+107%
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 Karnataka 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 Karnataka
For investors and data teams

Put this intelligence into your own tools

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 Karnataka 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.

Go deeper in the aerospace, maritime and defense landscape reports:

Aerospace, Maritime and Defense Industry Landscape of India

Aerospace, maritime and defense funding in Karnataka

10 aerospace, maritime and defense companies in Karnataka have recorded equity funding, US$280.42m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Karnataka

Meet the people behind aerospace, maritime and defense companies in Karnataka. 66 of 173 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

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

The most common specialisations among aerospace, maritime and defense companies in Karnataka. 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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