Company lists
The Mumbai edition · 2026

Aerospace, maritime and defensecompanies in Mumbai

Ship repair & management, ship design, defense, shipbuilders, aircraft & aviation and more: the companies building aerospace, maritime and defense in Mumbai, Maharashtra, with their founders, funding, team size and business models.

113 company profiles44 with reported revenue1 with recorded fundingOctober 2026 edition
Mumbai · 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
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 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
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

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
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
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…

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 Mumbai, by revenue

Browse aerospace, maritime and defense companies in Mumbai by reported revenue, one-year revenue growth, revenue model, age and stage. The 44 companies below are the largest by their most recent reported revenue among 44 aerospace, maritime and defense companies in Mumbai, Maharashtra 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 44

Designs and develops ships

Shipbuilders
₹10,568.05 crFY 2023-24
Not reported
42-11% 12 mo to Mar 2023LinkedIn · Oct 2026
92 yr1934
0none in 3 months

Provider of shipping engineering, and training services

Ship design and engineering services
₹364.99 crFY 2024-25
-6%2024–2025
71+6% 12 mo to Sep 2024LinkedIn · Oct 2026
31 yr1995
0none in 3 months

Provider of offshore construction, management, and technical services

Ship repair and management services
₹256.80 crFY 2024-25
-5%2024–2025
—Not available
22 yr2004
0none in 3 months

Manufacturer of defense electronics and space application products

Defense contractors
₹230.65 crFY 2022-23
Not reported
359+22% 12 mo to Mar 2024LinkedIn · Oct 2026
54 yr1972
2postings · last posted Aug 2026

Provider of ship safety management services

Ship repair and management services
₹238.31 crFY 2024-25
+0%2024–2025
—Not available
8 yr2018
0none in 3 months

Provider of ship designing and engineering services

Ship design and engineering services
₹202.91 crFY 2022-23
Not reported
54-1% 12 mo to Jul 2024LinkedIn · Oct 2026
11 yr2015
0none in 3 months

Provider of marine services including safety equipment inspection and services

Ship repair and management services
₹200.64 crFY 2024-25
+44%2024–2025
88+113% 12 mo to Sep 2024LinkedIn · Oct 2026
21 yr2005
0none in 3 months · last posted Feb 2026

Provider of ship repair and maintenance services

Ship repair and management services
₹198.61 crFY 2024-25
Not reported
182LinkedIn · Jul 2026
27 yr1999
1postings · last posted Sep 2026

Designer, developer, and manufacturer of equipments for defence, security, dairy, and mega kitchen verticals

Manufacturing services
₹197.74 crFY 2024-25
+84%2024–2025
89-2% 12 mo to Sep 2024LinkedIn · Oct 2026
30 yr1996
0none in 3 months

Operator of vessels, providing technical management and crewing services

Ship repair and management services
₹173.62 crFY 2024-25
+42%2024–2025
399+26% vs previous recordrecorded
10 yr2016
0none in 3 months

Supplier of aerospace-grade aluminum hard alloys, catering to the global aerospace and defense industry

Defense contractors
₹150.73 crFY 2024-25
+75%2024–2025
—Not available
18 yr2008
0none in 3 months

Provider of cutting edge technology and engineering solutions for the defence industry

Services for military
₹146.10 crFY 2024-25
+37%2024–2025
52+277% 12 mo to Sep 2024LinkedIn · Oct 2026
14 yr2012
0none in 3 months

Provider of integrated solutions and services for the marine and petrochemical sectors

Shipbuilders
₹129.79 crFY 2024-25
+47%2024–2025
95LinkedIn · Oct 2026
24 yr2002
0none in 3 months

Provider of ship building solutions

Ship component manufacturers
₹121.00 crFY 2024-25
+130%2024–2025
52LinkedIn · Jul 2026
44 yr1982
0none in 3 months

Manufacturer of radio frequency and microwave products for telecom and defense

Defense contractors
₹97.67 crFY 2024-25
+30%2024–2025
521recorded
21 yr2005
0none in 3 months

Offers MRO, aviation engineering manufacturing, and support services

Defense contractors
₹91.20 crFY 2024-25
+35%2024–2025
75LinkedIn · Jul 2026
32 yr1994
0none in 3 months · last posted Sep 2025

Provider of marine engine and turbocharger repair services

Ship repair and management services
₹85.06 crFY 2023-24
+167%2023–2024
119+8% 12 mo to Mar 2024recorded Mar 2024
26 yr2000
0none in 3 months

Provider of marine designing and engineering services

Ship design and engineering services
₹68.48 crFY 2021-22
Not reported
11,000recorded
—
—No postings tracked

Provider of wet utility construction services

Services for military
₹71.05 crFY 2024-25
+0%2024–2025
48-10% 12 mo to Feb 2024LinkedIn · Jul 2026
31 yr1995
0none in 3 months

Company offering defense manufacturing sector specializing in the design, development, and deployment of electro-optic solutions

Defense contractors
₹62.30 crFY 2024-25
+53%2024–2025
50LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Provider of marine systems design, integration, and service

Ship repair and management services
₹52.28 crFY 2024-25
Not reported
50+8% 12 mo to Feb 2024LinkedIn · Jul 2026
24 yr2002
0none in 3 months · last posted Aug 2025

Tangar Shipping - Ship Management Company

Ship repair and management services
₹42.83 crFY 2021-22
Not reported
14LinkedIn · Jul 2026
—
1postings · last posted Aug 2026

Provider of ship agency, chartering, broking, and crewing services

Maritime regulatory agencies
₹43.51 crFY 2024-25
+113%2024–2025
31LinkedIn · Jul 2026
14 yr2012
0none in 3 months · last posted Jul 2026

Provider of ship management services

Ship repair and management services
₹40.03 crFY 2023-24
Not reported
—Not available
23 yr2003
0none in 3 months · last posted Jun 2026

WELCOME TO SHARPLINE

Aerospace engineering and design services
₹15.11 crFY 2021-22
Not reported
60+57% vs previous recordLinkedIn · Jul 2026
27 yr1999
0none in 3 months · last posted Jan 2026
44 of 113 companies shown here · the full list is on Radar
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Explore aerospace, maritime and defense companies in Mumbai by what you are looking for

Find aerospace, maritime and defense companies in Mumbai, from ship management and shipbuilders to defense contractors and aircraft parts suppliers. Browse maritime defence companies and listed names in Mumbai by category.

8 ways to explore aerospace, maritime and defense in Mumbai

Ship repair, management & crewing companiesShip design & marine engineering companiesDefense contractors & military equipment makersShipbuilders & ship equipment manufacturersAircraft manufacturers, parts & aviation servicesListed aerospace, maritime and defense companies in Mumbai

Ship repair, management & crewing companies

Providers of ship repair, technical management, crew management and marine services.

  1. Supreme Offshore

    Provider of offshore construction, management, and technical 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
52 companies in Mumbai

Ship design & marine engineering companies

Firms offering ship design, naval architecture and marine engineering services.

  1. Ind-Aust

    Provider of shipping engineering, and training 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. The Wadia Group

    Provider of marine designing and engineering services

    Ship design and engineering services
    See in list
  4. Ambition Marine

    Provider of marine design and engineering services

    Ship design and engineering services
    See in list
  5. OCEANSTAR Maritime

    Provider of maritime consultancy and insurance services across marine and offshore industries

    Engineering consulting
    See in list

Defense contractors & military equipment makers

Manufacturers and service providers for the armed forces, from electronics to armour.

  1. Paras Defence & Space Technologies

    Manufacturer of defense electronics and space application products

    Defense contractors
    See in list
  2. Krishna Defence & Allied Industries

    Designer, developer, and manufacturer of equipments for defence, security, dairy, and mega kitchen verticals

    Manufacturing services
    See in list
  3. HAAL

    Supplier of aerospace-grade aluminum hard alloys, catering to the global aerospace and defense industry

    Defense contractors
    See in list
  4. CFF Fluid Control

    Provider of cutting edge technology and engineering solutions for the defence industry

    Services for military
    See in list
  5. Vedang radio

    Manufacturer of radio frequency and microwave products for telecom and defense

    Defense contractors
    See in list

Shipbuilders & ship equipment manufacturers

Shipyards and makers of marine components, equipment and spares.

  1. Yeoman Marine Services

    Provider of ship repair and maintenance services

    Ship repair and management services
    See in list
  2. Hipointservices

    Provider of integrated solutions and services for the marine and petrochemical sectors

    Shipbuilders
    See in list
  3. H and H Precision

    Provider of ship building solutions

    Ship component manufacturers
    See in list
  4. Arico Marine

    Manufacturers of marine equipment

    Ship component manufacturers
    Website
  5. Offshore Marinetech

    Provider of engineering, design, and project management services for marine projects

    Shipbuilders
    Website
21 companies in Mumbai

Aircraft manufacturers, parts & aviation services

Aircraft makers, parts distributors, MRO and aerospace engineering firms.

  1. Max Aerospace and Aviation

    Offers MRO, aviation engineering manufacturing, and support services

    Defense contractors
    See in list
  2. RSRAviation

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

    Aircraft and aircraft parts distributors
    See in list
  3. AeroChamp

    Provider of aircraft maintenance services

    Aviation mro services
    See in list
  4. Siliconcomponents

    Trader and wholesaler of microcontrollers, integrated circuits, modules, and thermal printers

    Semiconductor manufacturing equipment
    Website
  5. Empyreal Galaxy

    Manufacturer of innovative aircrafts

    Aircraft manufacturers
    See in list

Listed aerospace, maritime and defense companies in Mumbai

Publicly listed companies in this sector based in Mumbai.

  1. Mazagon Dock Shipbuilders

    Designs and develops ships

    Shipbuilders
    See in list
  2. Paras Defence & Space Technologies

    Manufacturer of defense electronics and space application products

    Defense contractors
    See in list
  3. Knowledge Marine & Engineering Works

    Provider of ship designing and engineering services

    Ship design and engineering services
    See in list
  4. Krishna Defence & Allied Industries

    Designer, developer, and manufacturer of equipments for defence, security, dairy, and mega kitchen verticals

    Manufacturing services
    See in list
  5. CFF Fluid Control

    Provider of cutting edge technology and engineering solutions for the defence industry

    Services for military
    See in list
9 companies in Mumbai

Aerospace, maritime and defense startups in Mumbai

Newer companies in Mumbai in this sector.

  1. RSRAviation

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

    Aircraft and aircraft parts distributors
    See in list
  2. Xfinity Maritime

    Provider of communication and technology solutions for the maritime industry

    Ship repair and management services
    See in list
  3. H2GEN

    Shipping company that provides a range of services, including chartering, commercial services, salvage consultancy, and sale and purchase inspection, with a focus on efficient and safe green shipping solutions

    Ship repair and management services
    See in list
  4. JSW Defence

    Manufacturer of specialist mobility vehicles for defense applications

    Defense contractors
    Website
  5. Vigma Maritime

    Provider of maritime technical management, crewing, training, and inspection services

    Ship repair and management services
    Website
17 companies in Mumbai

Aerospace, maritime and defense companies hiring in Mumbai

Companies in this sector in Mumbai that are currently hiring.

  1. Paras Defence & Space Technologies

    Manufacturer of defense electronics and space application products

    Defense contractors
    See in list
  2. Solas Marine Services

    Provider of marine services including safety equipment inspection and services

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

    Provider of ship repair and maintenance services

    Ship repair and management services
    See in list
  4. Max Aerospace and Aviation

    Offers MRO, aviation engineering manufacturing, and support services

    Defense contractors
    See in list
  5. Navicom

    Provider of marine systems design, integration, and service

    Ship repair and management services
    See in list
15 companies in Mumbai
The business behind the activity

Aerospace, maritime and defense financials in Mumbai

Revenue, profit and growth from the filed annual accounts of 40 aerospace, maritime and defense companies in Mumbai, Maharashtra for FY24-25 — 48 of the 113 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 92% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹14,700.18 cr

40 companies filing accounts

combined net profit₹2,612.90 cr

17.8% aggregate margin

are profitable72%

29 of 40 companies

median revenue~₹17.5 cr

the typical company

median revenue growth+14%

into FY24-25

earned by the top five92%

revenue concentration

Six-year view

Combined revenue of filing companies

₹6,198.73 crFY19-2038 filers
₹5,482.37 crFY20-2140 filers
₹7,301.43 crFY21-2240 filers
₹10,113.42 crFY22-2341 filers
₹12,370.69 crFY23-2443 filers
₹14,700.18 crFY24-2540 filers

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

Like-for-like

The same 36 companies over three years

+48%
FY22-23₹9,775.36 cr₹1,245.83 cr net
FY23-24₹12,084.23 cr₹2,079.89 cr net
FY24-25₹14,467.91 cr₹2,568.52 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 cr520% profitable
₹1–10 cr1040% profitable
₹10–100 cr1593% profitable
₹100–1,000 cr9100% profitable
Over ₹1,000 cr1100% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking17
0–20%5
20–50%7
50–100%5
Doubled+6

40 companies with accounts for both years; median growth +14%.

Profitability

Profit is concentrated at the top

29profitable
11loss-making
17.8%aggregate margin
5.6%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
RSRAviationRSR AVIATION SERVICES PRIVATE LIMITED
H and H PrecisionH AND H PRECISION PRIVATE LIMITED+130%₹121.00 cr
AnlineAN-LINE SHIPPING PRIVATE LIMITED+113%₹43.51 cr
Krishna Defence & Allied IndustriesKrishna Defence And Allied Industries Limited+84%₹197.74 cr
HAALHINDALCO-ALMEX AEROSPACE LIMITED+75%₹150.73 cr
Ind-AustIND AUST MARITIME PRIVATE LIMITED+54%₹108.86 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Shivansh Offshore & Marine ServicesSHIVANSH OFFSHORE AND MARINE SERVICES PRIVATE LIMITED47.4%₹204.98 cr
Valad InfotechVALAD INFOTECH SOLUTIONS PRIVATE LIMITED
Solas Marine ServicesSolas Marine Services Private Limited21.5%₹200.64 cr
RRP S4E INNOVATIONRRP S4E INNOVATION LIMITED20.9%₹62.30 cr
Ind-AustIND AUST MARITIME PRIVATE LIMITED20.0%₹108.86 cr
Mazagon Dock ShipbuildersMAZAGON DOCK SHIPBUILDERS LIMITED18.5%₹12,600.65 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Ship repair and management services19₹1,029.12 cr~₹11.0 cr68%17.0%
Defense contractors5₹346.26 cr~₹62.3 cr80%8.2%
Leaders

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

Company · legal entityRevenueNet resultMarginGrowth
Mazagon Dock ShipbuildersMAZAGON DOCK SHIPBUILDERS LIMITED₹12,600.65 cr₹2,324.88 cr18.5%+19%
Supreme OffshoreSUPREME OFFSHORE CONSTRUCTIONS AND TECHNICAL SERVICES LIMITED₹256.80 cr₹17.49 cr6.8%-5%
Shivansh Offshore & Marine ServicesSHIVANSH OFFSHORE AND MARINE SERVICES PRIVATE LIMITED₹204.98 cr₹97.11 cr47.4%-1%
Solas Marine ServicesSolas Marine Services Private Limited₹200.64 cr₹43.17 cr21.5%+44%
Krishna Defence & Allied IndustriesKrishna Defence And Allied Industries Limited₹197.74 cr₹21.93 cr11.1%+84%
Aurus Ship Management, Columbia Aurus Ship ManagementCOLUMBIA AURUS SHIP MANAGEMENT PRIVATE LIMITED₹173.62 cr₹3.30 cr1.9%+42%
HAALHINDALCO-ALMEX AEROSPACE LIMITED₹150.73 cr₹8.86 cr5.9%+75%
CFF Fluid ControlCFF FLUID CONTROL LIMITED₹146.10 cr₹23.85 cr16.3%+37%
H and H PrecisionH AND H PRECISION PRIVATE LIMITED₹121.00 cr₹10.49 cr8.7%+130%
Ind-AustIND AUST MARITIME PRIVATE LIMITED₹108.86 cr₹21.80 cr20.0%+54%
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 Mumbai 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 Mumbai
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 Mumbai 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.

Founders and momentum in Mumbai

Meet the people behind aerospace, maritime and defense companies in Mumbai. 33 of 113 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

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

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

Coming soon