Adani Enterprises Completes 100% Acquisition of Indamer Technics for ₹330 Crore
Adani Enterprises completed the acquisition of 100% stake in Indamer Technics Private Limited (ITPL) via its subsidiary HASL. The acquisition was finalized on February 13, 2026, for an Enterprise Value of approximately ₹330 crore. ITPL's FY25 turnover was ₹138 crore. This move expands Adani's presence in the Aircraft Services & MRO sector.
The acquisition of a company with a turnover of ₹138 crore for ₹330 crore is a significant but not transformative event for a large conglomerate like Adani Enterprises. It represents a focused expansion into a specific industry vertical.
The acquisition of a 100% stake in Indamer Technics Private Limited is a strategic expansion for Adani Enterprises into the aircraft MRO sector, indicating growth and business development.
Adani Enterprises Limited announced the completion of its acquisition of a 100% stake in Indamer Technics Private Limited (ITPL) through its step-down subsidiary, Horizon Aero Solutions Limited (HASL).
This acquisition, initially intimated on August 11, 2025, marks a significant step for Adani Enterprises in expanding its footprint in the Aircraft Services & MRO (Maintenance, Repair, and Overhaul) industry. ITPL is recognized as a leading private sector MRO company in India, operating a state-of-the-art 30-acre facility in the MIHAN SEZ in Nagpur.
The transaction was completed on February 13, 2026, with ITPL officially becoming a step-down subsidiary of Adani Enterprises. The acquisition was carried out at an Enterprise Value of approximately ₹330 crore (33000 lakh). ITPL's audited turnover for FY 2024-25 was ₹138 crore (13800 lakh), with revenues showing a consistent upward trend from ₹42 crore in FY 2022-23 to ₹76 crore in FY 2023-24.
The company confirmed that the transaction was conducted at arm's length, despite falling within related party transactions. This strategic move is expected to enhance Adani Enterprises' capabilities in providing a comprehensive suite of MRO services to both Indian and global customers.
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Adani Enterprises Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Adani Enterprises Limited. Read the original for the full detail.