About Adani Defence Systems and Technologies Limited
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Adani Defence Systems and Technologies Limited is a public limited company based in Ahmedabad, Gujarat, India, a subsidiary of Adani Enterprises Limited. It operates in the aircraft and component manufacturing segment of the transport and logistics sector. It was incorporated on 25 March 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74900GJ2015PLC082700. Its GSTIN is 24AANCA4613R1Z9 (Gujarat). The company holds 5 GST registrations, all of them active.
The company has an authorised share capital of ₹600 Cr and a paid-up capital of ₹500.85 Cr. It is led by directors including Ashish Rajvanshi (Managing Director) and Ameetkumar Hiranyakumar Desai.
Its last annual general meeting (AGM) was held on 23 June 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2026, the company reported a revenue of ₹909.49 Cr, a growth of 32% compared to the previous year. For the same year it recorded a net profit of ₹124.36 Cr (net margin 13.7%) and EBITDA of ₹332.13 Cr (EBITDA margin 36.5%). Revenue has grown at a compounded annual rate (CAGR) of 224% over three years and 215% over five years.
Its group structure includes 12 subsidiaries.
As per MCA filings, the company has open charges of ₹1,700 Cr on record. The company has 3 deals on record (2 rights issues, 1 convertible or debt financing), with disclosed funding of ₹605 Cr; the latest was in March 2024. Its 3 peer companies in the Aviation industry (Aircraft and Components Manufacturing, Defence Systems), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 1 larger and 2 smaller; the largest is Mahindra Defence Systems Limited with revenue of ₹992.66 Cr. The company has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 158 overdue payments to 39 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website adani.com.
Company details
Contact details
Adani Defence Systems and Technologies Limited's registered office is in Ahmedabad, Gujarat. Its website is adani.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressAdani Corporate House Shantigram Near Vaishno Devi Circle S. G. Highway, Khodiyar, Ahmedabad, Gujarat, India – 382421
- IndustryTransport and Logistics, Aircraft & Component Manufacturing
To see the full contact details of Adani Defence Systems and Technologies Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Adani Defence Systems and Technologies is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Adani Defence Systems and Technologies Limited, buy the company report.
Financials of Adani Defence Systems and Technologies Limited
FY 2025 filings availableAdani Defence Systems and Technologies Limited reported revenue of ₹909.49 Cr (up 32% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 215% over five years, including 32% growth in the latest year. EBITDA rose 23% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| EBITDA | ₹332.13 Cr | ||||
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| Net Profit (PAT) | ₹124.36 Cr | ||||
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Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| Profitability | |||||
| EBITDA Margin | 36.5% | ||||
| Net Profit Margin | 13.7% | ||||
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To see the full financial statements and ratios of Adani Defence Systems and Technologies Limited, buy the company report.
Board of directors of Adani Defence Systems and Technologies Limited
Adani Defence Systems and Technologies has 5 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ameetkumar Hiranyakumar Desai | Director | 25 Mar 2015 | 11 Years 7 Months | Current |
| Jatinkumar Rameshchandra Jalundhwala Also directs: Adani Aerospace and Defence Limited, Adani Commodities LLP, Adani Energy Solutions Step-Twelve Limited and 5 more | Director | 25 Mar 2015 | 11 Years 7 Months | Current |
| Ashish Rajvanshi Also directs: PLR Systems (India) Limited, PLR Systems Private Limited, Ordefence Systems Limited and 5 more | Managing Director | 06 Sep 2017 | 9 Years 1 Months | Current |
| Sushama Ashvin Oza Also directs: Mahan Energen Limited, Wardha Solar (Maharashtra) Limited, Adani Renewable Energy (RJ) Limited and 5 more | Director | 20 May 2019 | 7 Years 5 Months | Current |
| Abhinav Mishra Also directs: Armada Defence Systems Limited | Additional Director | 07 Jan 2026 | 0 Years 9 Months | Current |
Peer comparison
Adani Defence Systems and Technologies Limited is compared with the 3 companies closest to it by revenue in the Aviation industry (Aircraft and Components Manufacturing, Defence Systems), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mahindra Defence Systems Limited | ₹992.66 Cr (FY 2025) | 55.0% | Mumbai, Maharashtra, India | |||
| Adani Defence Systems and Technologies Limitedthis company | ₹909.49 Cr (FY 2026) | ₹124.36 Cr | 13.7% | 32.0% | Ahmedabad, Gujarat, India | |
| Tata Boeing Aerospace Limited | ₹462.46 Cr (FY 2025) | -12.0% | Hyderabad, Telangana, India | |||
| Cim Tools Private Limited | ₹433.4 Cr (FY 2025) | 40.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Adani Defence Systems and Technologies Limited, buy the company report.
Auditor
Adani Defence Systems and Technologies Limited is audited by DHARMESH PARIKH AND CO LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DHARMESH PARIKH AND CO LLP | FY 2025 | 112054W/W100725 |
Shareholding
The shareholding of Adani Defence Systems and Technologies Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
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| Others |
To see the full shareholding pattern of Adani Defence Systems and Technologies Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Apr 2025 | 101081756 | Sbicap Trustee Company Limited | ₹1,250 Cr | Open | |
| 09 May 2023 | 100724227 | Idbi Bank Limited | ₹450 Cr | Open |
To see the full charge records of Adani Defence Systems and Technologies Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Adani Defence Systems and Technologies Limited has 3 deals on record (2 rights issues, 1 convertible or debt financing), with disclosed funding of ₹605 Cr; the latest was in March 2024.
Deals on record (2 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2019 | Rights issue | ₹230 Cr | Investors: Adani Enterprises Limited |
| Dec 2017 | Rights issue | ₹270.8 Cr | Investors: Adani Enterprises Limited |
To see the full deal history of Adani Defence Systems and Technologies Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Adani Defence Systems and Technologies Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Adani Defence Systems and Technologies Limited has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 158 overdue payments to 39 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 39)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Advaiya Solutions Private Limited | |||
| Insta Exhibitions Private Limited | |||
| Third Wave Ruggedtech Private Limited | |||
| Benengg Design & Manufacturing Private Limited |
To see the full MSME payment records of Adani Defence Systems and Technologies Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Adani Defence Systems and Technologies has 12 subsidiary companies and 2 associated companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| PLR Systems (India) Limited | U29309GJ2021PLC125033 | |
| Atharva Advanced Systems and Technologies Limited | U30301GJ2023PLC143699 | |
| Adani Aerospace and Defence Limited | U35115GJ2015PLC083876 | |
| Astraeus Services Ifsc Limited | U67110GJ2021PLC126991 | |
| Alpha Design Technologies Private Limited | U74140KA2003PTC032191 | |
| Adani Naval Defence Systems and Technologies Limited | U74990GJ2015PLC083873 |
To see the full group structure of Adani Defence Systems and Technologies Limited, buy the company report.
Employees & EPFO
Adani Defence Systems and Technologies Limited has 1 active EPFO establishment as of Oct 10, 2025.
GST
Adani Defence Systems and Technologies has 5 GST registrations: 5 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AANCA4613R1Z9 | Gujarat | Active | 14 Mar 2018 |
| 24AANCA4613R2Z8 | Gujarat | Active | 01 Mar 2023 |
| 36AANCA4613R1Z4 | Telangana | Active | 14 Jun 2018 |
| 09AANCA4613R1Z1 | Uttar Pradesh | Active | 26 Jul 2022 |
To see the full GST registrations and return filing status of Adani Defence Systems and Technologies Limited, buy the company report.
Recent activity
Adani Defence Systems and Technologies Limited has 10 board changes on record since 2015: 6 appointments and 4 cessations. The latest: Abhinav Mishra was appointed as Additional Director on 07 Jan 2026.
5 earlier events are in the company report.
News
Frequently asked questions
Adani Defence Systems and Technologies is an active public limited company based in Ahmedabad, Gujarat, India. The company works in aircraft and component manufacturing, within the transport and logistics industry. It was incorporated on 25 March 2015 (11+ years old) and is registered under CIN U74900GJ2015PLC082700.
Adani Defence Systems and Technologies has 5 current directors:
- Ashish Rajvanshi - Managing Director
- Ameetkumar Hiranyakumar Desai - Director
- Jatinkumar Rameshchandra Jalundhwala - Director
- Sushama Ashvin Oza - Director
- Abhinav Mishra - Additional Director
The latest financial statements of Adani Defence Systems and Technologies on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 23 June 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Adani Defence Systems and Technologies is 24AANCA4613R1Z9, registered in Gujarat. The company has 5 GST registrations in all, of which 5 are active. Other active GSTINs include 24AANCA4613R2Z8 (Gujarat), 36AANCA4613R1Z4 (Telangana), 09AANCA4613R1Z1 (Uttar Pradesh).
The CIN (Corporate Identification Number) of Adani Defence Systems and Technologies is U74900GJ2015PLC082700. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Adani Defence Systems and Technologies was incorporated on 25 March 2015, making it 11+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Adani Defence Systems and Technologies has 3 deals on record (2 rights issues, 1 convertible or debt financing), with disclosed funding of ₹605 Cr; the latest was in March 2024.
The peers of Adani Defence Systems and Technologies by revenue are Mahindra Defence Systems Limited, Tata Boeing Aerospace Limited, Cim Tools Private Limited, all in the Aviation industry (Aircraft and Components Manufacturing, Defence Systems), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Abhinav Mishra was appointed as Additional Director on 07 Jan 2026. Jugeshinder Singh ceased to be CFO on 16 Sep 2025. Milan Joshi was appointed as CFO on 16 Sep 2025. Adani Defence Systems and Technologies has 10 board changes on record in total.
Adani Defence Systems and Technologies has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 158 overdue payments to 39 micro and small suppliers. The latest return was filed on 28 Aug 2023.
Adani Defence Systems and Technologies can be reached through the website adani.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Adani Defence Systems and Technologies is at Adani Corporate House Shantigram Near Vaishno Devi Circle S. G. Highway, Khodiyar, Ahmedabad, Gujarat, India – 382421.