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
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
*********
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Website
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Social
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- Legal Name Air Works India (Engineering)Pvt Ltd
- Date of Incorporation 11 Sep, 1986
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$42.2 M (USD)-1.19as on Mar 31, 2024
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Net Profit
$-573.6 K (USD)62.96as on Mar 31, 2024
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EBITDA
$6.45 M (USD)16.55as on Mar 31, 2024
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Total Equity Funding
$82.72 M (USD)
in 9 rounds
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Latest Funding Round
$7.57 M (USD), Unspecified
Apr 07, 2015
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Investors
GTI Capital Group
& 8 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Adani Defence & Aerospace
(Oct 18, 2022)
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Products & Services of Air Works Group
Air Works Group offers a comprehensive portfolio of products and services, including Aircraft Maintenance and Maintenance Training. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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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 Total Funding
- Total Rounds 9
- Last Round Unspecified — $7.6M
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First Round
First Round
(20 Feb 2007)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2015 | Amount | Unspecified - Air Works Group | Valuation | GTI Capital Group | |
| Feb, 2014 | Amount | Unspecified - Air Works Group | Valuation | Vivek N Gour |
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| Jan, 2013 | Amount | Unspecified - Air Works Group | Valuation | GTI Capital Group |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Potato farming, grain marketing, and equipment services are conducted in Maine.
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Founded Year | Domain | Location | |
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Venture capital investments are offered to startups by NEA.
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Founded Year | Domain | Location | |
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Private equity investments in growth companies in India, leveraging networks for returns.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
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. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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End-to-end aviation services are offered in the UAE.
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2007 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Air Works Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Air Works Group Comparisons
Competitors of Air Works Group
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Air Works Group
Frequently Asked Questions about Air Works Group
When was Air Works Group founded?
Air Works Group was founded in 1951 and raised its 1st funding round 56 years after it was founded.
Where is Air Works Group located?
Air Works Group is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of Air Works Group?
Anand Bhaskar is the current CEO of Air Works Group.
Is Air Works Group a funded company?
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 $15.3M, raised on Feb 20, 2007.
What is the annual revenue of Air Works Group?
Annual revenue of Air Works Group is $42.2M as on Mar 31, 2024.
What does Air Works Group do?
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.
What products or services does Air Works Group offer?
Air Works Group offers Aircraft Maintenance and Maintenance Training.
How many acquisitions has Air Works Group made?
Air Works Group has made 1 acquisition, including Empire Aviation Group.
Who are Air Works Group's investors?
Air Works Group has 9 investors. Key investors include GTI Capital Group, Punj Lloyd Group, Elephant Capital, NEA, and Vivek N Gour.
What is Air Works Group's valuation?
The valuation of Air Works Group is $124.78M as of Apr 2015.