Adani expands MRO footprint; to acquire stake in Indamer Technics

NEW DELHI: The Adani Group has further expanded its presence in the maintenance repair overhaul (MRO) space. After acquiring Air Works, it has now tied up with another major MRO in Nagpur.

Adani Defence Systems and Technologies Ltd (ADSTL), through its venture Horizon Aero Solutions Limited, in partnership with Prime Aero Services LLP, has signed a definitive agreement to acquire a 100% stake in Indamer Technics Pvt Ltd (ITPL), one of India’s leading private-sector maintenance, repair overhaul (MRO) providers. Horizon is a 50-50 partnership between ADSTL and Prime Aero, a company owned by Prajay Patel, the director of Indamer Technics.

Located at Nagpur in the MIHAN special economic zone (SEZ), ITPL has a facility on the 30-acre site that can accommodate 15 aircraft bays across 10 hangars. Approved by DGCA, FAA (USA) and other global civil aviation regulators, ITPL offers MRO services like lease return checks, heavy c-checks, structural repairs, and aircraft painting to Indian and global customers.

Adani Airports director Jeet Adani said: “This acquisition is the next step in our push to establish India as a premier global MRO destination. It also reinforces our commitment to building an integrated aviation services ecosystem that strengthens India’s aviation infrastructure. Our goal is to create a single-point aviation services platform that is driven by world-class quality standards and customer satisfaction. We are determined to play a pivotal role in shaping the future of India’s skies.”

“The Indian aviation industry has witnessed an unprecedented transformation, becoming the third largest in terms of passenger traffic. With Indian carriers set to induct more than 1500 aircraft in coming years, we are on the cusp of a new era in aviation,” Jeet Adani added.

Indamer Technics and Prime Aero director Prajay Patel said: “We are excited to partner with Adani Defence & Aerospace to take Indamer Technics to new heights. This collaboration brings together deep-rooted engineering excellence with robust infrastructure and growth capital. Our shared vision is to build a world-class MRO ecosystem out of India, delivering exceptional value to customers and stakeholders globally.”

Adani Defence & Aerospace CEO Ashish Rajvanshi said: “This acquisition marks another critical milestone in fulfilling Adani Defence & Aerospace’s vision to deliver a full-spectrum MRO offering to meet the needs of both commercial and defence aviation sectors. Following the addition of Air Works to our portfolio, this acquisition further strengthens our capabilities and footprint in the MRO segment and reinforces our position as the largest private-sector MRO player in the country.”

“The strategic location of Nagpur, at the centre of the country, adds immense value to our operations by bolstering our pan-India footprint and providing us substantial capacity to scale up our business. Together with Air Works, this acquisition unlocks significant synergies between the two companies, creating enhanced value for our stakeholders through integrated solutions and operational excellence,” Rajvanshi added.

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