About Air Works Group
Air Works Group is a company based in Gurugram (India) founded in 1951 was acquired by Adani Defence & Aerospace in October 2022. Air Works Group has raised $82.72 million across 9 funding rounds from investors including GTI Capital Group, Punj Lloyd Group and Elephant Capital. Air Works Group has completed 1 acquisition, including Empire Aviation Group. Air Works Group offers products and services including Aircraft Maintenance and Maintenance Training.
- Headquarter Gurugram, India
- Stage Minicorn
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website airworks.aero
- Social LinkedIn Facebook
- Acquired by Adani Defence & Aerospace (Oct 2022)
- Legal Name Air Works India (Engineering)Pvt Ltd
- Date of Incorporation 11 Sep, 1986
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹700 Cr
FY 2026 · +21% YoY
- Net Profit₹93.31 Cr
FY 2026 · 13% margin
- EBITDA₹167 Cr
FY 2026 · 24% margin
- Total Equity Funding$82.72M (USD)
in 9 rounds
- Latest Funding Round$7.57M (USD), Unspecified
Apr 2015
- InvestorsGTI Capital Group
& 8 more
- Investments & Acquisitions
- Acquired byAdani Defence & Aerospace
(Oct 2022)
Associated legal entities of Air Works Group
Air Works Group operates through Air Works India (Engineering)Pvt Ltd (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Air Works India (Engineering)Pvt Ltd CIN U74210MH1986PTC040889 | Active | 11 Sep 1986 | Mumbai, Maharashtra | ₹700 Cr | – | 9 | View details |
Products & Services of Air Works Group
Air Works Group offers a comprehensive portfolio of products and services, including Aircraft Maintenance and Maintenance Training.
Maintenance and repair services for aircraft are delivered to enhance safety and efficiency in the aviation sector.
Training programs for maintenance personnel are offered to support skill development in aviation operations.
Funding Insights of Air Works Group
Air Works Group has successfully raised a total of $82.72M across 9 strategic funding rounds. The most recent funding activity was a Unspecified round of $7.57 million completed in April 2015. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $82.72M
- Total Rounds 9
- Last Round Unspecified — $7.57M
- First Round $81,595
(Feb 2007)
- Investors Count 8
All 9 funding rounds of Air Works Group with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2015 | $7.57M | Unspecified | $124.78M | GTI Capital Group | |
| Feb 2014 | $165,715 | Unspecified | $91.64M | Vivek N Gour | – |
| Jan 2013 | $15.3M | Unspecified | $••••• | GTI Capital Group | |
| Nov 2011 | $3.42M | Unspecified | $••••• | New Enterprise Associates | |
| May 2011 | $3.9M | Unspecified | $••••• | TUSK Capital | |
| Dec 2010 | $27.64M | Unspecified | $••••• | New Enterprise Associates | |
| Feb 2008 | $24.11M | Unspecified | $••••• | Punj Lloyd Group | |
| Nov 2007 | $533,740 | Unspecified | $••••• | GTI Capital Group | – |
| Feb 2007 | $81,595 | Unspecified | $••••• | IndusAge Partners | – |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2015 | $124.78M | •••••••• |
| Feb 2014 | $91.64M | •••••••• |
| Jan 2013 | $••••• | •••••••• |
| Nov 2011 | $••••• | •••••••• |
| May 2011 | $••••• | •••••••• |
| Dec 2010 | $••••• | •••••••• |
| Feb 2008 | $••••• | •••••••• |
| Nov 2007 | $••••• | •••••••• |
Full valuation and stage history of Air Works Group
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $124.78M (Apr 2015). 9 investors in total: 8 institutional and 1 angel.
Investors in Air Works Group
Air Works Group has secured backing from 9 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include GTI Capital Group, Punj Lloyd Group and Elephant Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Potato farming, grain marketing, and equipment services are conducted in Maine. | 1996 | gticapitalgroup.com | Ebene City, Mauritius | |
Venture capital investments are offered to startups by NEA. | – | nea.com | Menlo Park, United States | |
Private equity investments in growth companies in India, leveraging networks for returns. | – | elephantcapital.com | London, United Kingdom | |
Early-stage tech investments are made in India, US, and UK. | – | indusage.com | Bengaluru, India | |
Corporate advisory and asset management services are offered to SMEs. | – | tuskcapital.com | London, United Kingdom | |
- | – | gneinvestments.com | - | |
EPC services in energy and infrastructure are delivered internationally. | 1982 | punjlloydgroup.com | Gurugram, India | |
VN Vivek N Gour | - | – | unknown_8271c2d3ae584fef8 | - |
- | – | adanidefence.com | - |
Investor details for Air Works Group
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Air Works India (Engineering)Pvt Ltd (Air Works Group)
Air Works India (Engineering)Pvt Ltd is the primary company behind Air Works Group. The board of Air Works India (Engineering)Pvt Ltd currently have 6 directors; the longest-serving is Deepak Goyal, appointed in 2019. 28 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Deepak Goyal DIN 10660647 | Company Secretary | 07 Jan 2019 | 7 yrs 9 mo | Air Works India (Engineering)Pvt Ltd |
| Anand Bhaskar Dhanyamraju DIN 00399588 | Managing Director | 22 Mar 2023 | 3 yrs 6 mo | Air Works India (Engineering)Pvt Ltd |
| Nitin Agarwal DIN 10613620 | CFO | 08 Feb 2024 | 2 yrs 8 mo | Air Works India (Engineering)Pvt Ltd |
| Vipul Agarwal DIN 08763133 | Director | 02 Jul 2025 | 1 yr 3 mo | Air Works India (Engineering)Pvt Ltd |
| Dharmeshkumar Bhupendrabhai Patel DIN 09263244 | Director | 02 Jul 2025 | 1 yr 3 mo | Air Works India (Engineering)Pvt Ltd |
| Ashok Wadhawan DIN 03384006 | Director | 02 Jul 2025 | 1 yr 3 mo | Air Works India (Engineering)Pvt Ltd |
People of Air Works Group
36 people are tracked at Air Works Group (11 in leadership, 25 in team).
| Name | Role | Group |
|---|---|---|
| CEO & Managing Director | Leadership | |
Ramkumar Mohan | Senior Vice President & CIO | Leadership |
D. Anand Bhaskar | MD & CEO | Leadership |
Rajat Jain | Director - Strategy, Finance & Corporate Developmemt | Leadership |
Gaurav Sahni | AVP & Head - Brand, Marketing & Communications | Leadership |
Prarthana Bhasin Kher | Head Of Human Resources | Leadership |
Avnish Roy | Chief Security Officer/gm-admin, Operation And EHS | Leadership |
Thiagarajan M | General Manager Human Resources | Leadership |
Neeraj Aggarwal | General Manager - Application Development | Leadership |
Suresh Bidwai | Deputy General Manager - IT | Leadership |
Pooran Chander Behera | Deputy General Manager IT And Information Security | Leadership |
Naresh Poonia | Senior Software Developer | Team |
Anthoney Raji | Executive HR | Team |
Abhishek Kumar | Aircraft Maintenance Engineer | Team |
Vijendra Kasana | Dy. Manager Operation | Team |
Inder Mishra | Manager And Inspector -stores (gamro) | Team |
Punith Rajendran | Senior MCC Controller | Team |
Nadhiya Devappa | Human Resources Executive | Team |
Mukta Verma | Manager - Brand And Communication | Team |
Taru Prabhakar | Manager Corporate Administration | Team |
16 more people are available in the full profile.
Complete people profiles for Air Works Group
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Air Works Group
Figures of Air Works India (Engineering)Pvt Ltd, the primary company behind Air Works Group, for FY 2026. Revenue was ₹700 Cr (+21% year on year). Net profit was ₹93.31 Cr (13% margin). EBITDA was ₹167 Cr (24% margin). Revenue has grown at a compounded annual rate of +24% over three years and +23% over five years.
- ₹700 CrRevenue · FY 2026 · +21% YoY
- ₹93.31 CrNet profit · 13% margin
- ₹167 CrEBITDA · 24% margin
- ₹50.51 CrPaid-up capital
- +24%Revenue CAGR, 3 years
- +23%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Air Works India (Engineering)Pvt Ltd are on its company page.
Detailed financial statements for Air Works Group
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
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Investments & Acquisitions by Air Works Group
Air Works Group has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Empire Aviation Group.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
End-to-end aviation services are offered in the UAE. | empireaviation.com | Dubai, United Arab Emirates | 2007 | Jun 2012 | •••• |
Complete acquisition details for Air Works Group
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
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- Complete history
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Verified entity values are shown only after access is granted.
Timeline of Air Works Group
6 dated milestones of Air Works Group across 71 years, from founding to its latest funding, stage changes and deals.
- Founded Air Works Group is founded.
- Funding First funding round of $82K.
- Milestone Reaches Minicorn status.
- Acquisition Acquires Empire Aviation Group.
- Funding Latest funding round, Unspecified, of $7.6M.
- Exit Acquired by Adani Defence & Aerospace.
Web traffic of Air Works Group
The website of Air Works Group (airworks.aero) receives about 3.7K visits a month.
- Monthly visits3.7K
▼ 13.4% vs previous month
Websites whose visitors overlap most with Air Works Group. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| gamaaviation.com | 100% | 29.2K | #1,093,556 | View details | |
| dubaiaerospace.com | 98% | 16K | – | View details | |
| srtechnics.com | 87% | 19.5K | #1,400,960 | View details | |
| aarcorp.com | 83% | 136.5K | #287,048 | View details | |
| itpaero.com | 82% | 60.8K | #472,086 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 8 similar websites and full traffic analytics for Air Works Group
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 8 similar websites
- Audience overlap
- Engagement analytics
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Verified entity values are shown only after access is granted.
Latest news on Air Works Group
Complete news archive for Air Works Group
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
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- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Air Works Group
10 companies that operate in the same segment as Air Works Group (Aircraft & Aviation Support Services), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Aviation maintenance, repair, and overhaul services are provided worldwide. | 1911 | Scottsdale, Arizona, United States | – | USD 6.06 B | 7,700 | |
Aviation infrastructure company specializing in the development, leasing, and management of general aviation hangars | 2017 | White Plains, New York, United States | – | USD 27.54 M | 84 | |
Charter management and aircraft maintenance services are offered globally. | 1983 | Farnborough, Hampshire, United Kingdom | – | USD 9.74 M | 763 | |
Aircraft interiors, seats, and equipment are manufactured for aviation. | 1955 | Tachikawa, Tokyo, Japan | – | – | – | |
Provider of aircraft management, charter, maintenance & refurbishment services | 1967 | Basel, Basel-stadt, Switzerland | – | – | – | |
Aircraft parts distribution, repair, and maintenance services are provided. | 1986 | Jensen Beach, Florida, United States | – | – | 1,031 | |
Full service aviation solutions provider offering engine teardowns, engine part overhaul, and accessory overhaul. | 2008 | Irving, Texas, United States | – | – | 145 | |
Company offers MRO services for aviation industry | 1945 | Geneve, Geneve, Switzerland | – | USD 729.44 K | 5 | |
Private jet, safety, and customer services are provided. | 2009 | Fort Pierce, Florida, United States | – | – | 114 | |
Aviation manufacturing and MRO services are provided by Erickson. | 1971 | Portland, Oregon, United States | USD 20 M | – | – |
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Frequently Asked Questions about Air Works Group
Air Works Group was founded in 1951 and raised its 1st funding round 56 years after it was founded.
Air Works Group is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Anand Bhaskar is the current CEO of Air Works Group.
Air Works Group is a funded company, having raised a total of $82.72M across 9 funding rounds to date. The company's 1st funding round was a Unspecified of $81.6K, raised on Feb 2007.
The primary company behind Air Works Group, Air Works India (Engineering)Pvt Ltd, reported revenue of ₹700 Cr for FY 2026, up 21% year on year.
Founded in 1951 and headquartered in Gurugram, India, Air Works Group operates within the aviation sector. Maintenance, repair, and overhaul services are provided for commercial airlines, business aviation, and defense segments. Offerings include airframe and line maintenance, avionics modifications, calibration, aircraft painting, cabin upgrades, non-destructive testing, integrated solutions, and training. Support is extended to various aircraft types through established facilities.
Air Works Group offers Aircraft Maintenance and Maintenance Training.
Air Works Group has made 1 acquisition, including Empire Aviation Group.
Air Works Group has 9 investors. Key investors include GTI Capital Group, Punj Lloyd Group, Elephant Capital, NEA, and Vivek N Gour.
The valuation of Air Works Group is $124.78M as of Apr 2015.
Air Works Group operates through Air Works India (Engineering)Pvt Ltd.
Yes. Air Works Group was acquired by Adani Defence & Aerospace in October 2022.