Mumbai, Feb 14 (UNI) The Adani Group has officially announced that it has completed the acquisition of Indamer Technics Pvt Ltd (ITPL) to expand its footprint in the aircraft services and MRO industry.
The Adani Group-owned Horizon Aero Solutions Ltd, which is a step-down subsidiary of Adani Enterprises Ltd, has acquired 100 per cen shareholding in ITPL through a share purchase agreement, according to a stock exchange filing made late Friday.
The enterprise value of Indamer Technics is Rs 330 crore and the deal was first announced in August 2025, the statement mentioned.
“ITPL is one of India’s leading private sector MRO companies. It operates a state-of-the-art 30-acre facility in the MIHAN SEZ in Nagpur and offers a comprehensive suite of MRO services to leading Indian and global customers,” according to the statement.
Horizon Aero, which is a private-sector Maintenance, Repair and Overhaul (MRO) provider, is a 50-50 partnership between Adani Defence & Prime Aero, a company owned by Prajay Patel, the director of Indamer Technics. Prajay Patel happens to be the son of Ajit Pawar-led NCP leader and former civil aviation minister Praful Patel.
Indamer’s Nagpur facility has the capacity to accommodate 15 aircraft bays across 10 hangars. It has received approvals from Directorate General of Civil Aviation (DGCA), Federal Aviation Administration (USA) and other global civil aviation regulators.
The Adani Group, which runs eight domestic airports, entered the MRO space in December 2025 after it acquired Air Works for Rs 400 crore (USD 44 million). Air Works has a strong presence in India, particularly in the line and base maintenance categories.
The acquisition of Airworks was followed by the purchase of Indamer Technics through Adani Defense Systems and Technologies Ltd (ADSTL), which strengthened the Adani Group’s capabilities in commercial and defence aircraft maintenance. ADSTL, in partnership with Prime Aero Services LLP, acquired a 100 per cent stake in Indamer Technics, creating the foundation for a consolidated MRO platform.
As part of its MRO business expansion plans, the Adani Group has indicated that it will go beyond airframe maintenance and enter landing gear overhaul, aircraft painting, passenger-to-freighter (P2F) conversions and eventually engine maintenance as well. There are also plans to expand its physical footprint, with new local MRO bases planned in Ahmedabad, Bhubaneswar and Guwahati, in addition to existing MRO facilities.
The Adani Group has announced plans to invest USD 11 billion in its airport business over the next five years, underlining its long-term commitment to India’s aviation sector.
Significantly, the Adani Group has made these investments at a time when Indian airlines are preparing to induct around 1,700 aircraft over the coming years, driving demand for maintenance, training and support services.
The Adani Group has also entered the pilot training segment by acquiring a 72.8 per cent stake in Flight Simulation Technique Centre (FSTC) for around USD 90 million in order to support the growing aviation ecosystem.
