An important step in the aviation industry has been taken by Adani Defence Systems & Technologies Ltd (ADSTL), a division of the Adani Group, which has signed a share purchase agreement to buy an 85.8% share in Air Works India (Engineering) Pvt. Ltd for ₹400 crore. By acquiring Air Works, which was announced on December 23, 2024, Adani strengthens its position as a major player in the Maintenance, Repair, and Overhaul (MRO) industry.
Air Works is acknowledged as the biggest private-sector MRO service in India, operating in 35 cities and employing more than 1,300 people. The company has regulatory licenses from civil aviation authorities in more than 20 countries and specializes in repairing both fixed-wing and rotary-wing aircraft.
Adani Defence views the acquisition as a calculated move to increase its footprint in the commercial and defense aviation industries. In line with India’s drive for defense capability self-reliance under the Aatmanirbhar Bharat plan, Air Works has developed substantial skills in defense MRO, carrying out vital projects for the Indian Navy and Indian Air Force.
The acquisition is not just a commercial expansion, but also a commitment to creating an integrated aviation services ecosystem that fortifies India’s aviation infrastructure, according to Jeet Adani, Director of Adani Airports. With more than 1,500 aircraft projected to be introduced in the upcoming years, India’s aviation sector—which is now the third largest in the world—will present significant prospects for MRO services.
Adani Defence & Aerospace CEO Ashish Rajvanshi emphasised that this acquisition would improve the company’s operating capabilities and support national security by allowing it to provide complete MRO services in both the commercial and defence sectors.
As it looks to incorporate Air Works’ experience into its larger plan of building a strong aerospace and defense portfolio in India, this strategic decision represents a turning point for Adani Defence & Aerospace.
