Sattva Group Eyes Further Investments in Indian Aerospace Industry

Strategic Insights -

Bangalore-based real estate developer firm Sattva group has made a bold entry into the Indian aerospace industry, acquiring two companies - Aero Accessories and Systems Private Limited (AASPL) and E Tech. Sattva AASPL, an approved design organization by both civil and military aviation authorities, is poised to capitalize on the growing potential of the Indian aerospace industry. According to Sattva group Managing Director Bijay Agarwal, the company is eyeing further acquisitions, which will be funded internally, without any plans for an initial public offer (IPO) in the next three years.

Key Takeaways:

  • Sattva group, a real estate developer, has entered the Indian aerospace industry with acquisitions of Aero Accessories and Systems Private Limited (AASPL) and E Tech.
  • Sattva AASPL is an approved design organization by both civil and military aviation authorities, providing design, development, and manufacturing services.
  • Managing Director Bijay Agarwal says the Indian aerospace industry has huge potential, with Sattva looking for suitable acquisitions in the space.
  • Sattva AASPL is working to stabilize indigenous manufacturing and plans to become a Rs 100 crore company in 10 years.
  • The company is also aiming to win a contract in an international program.
  • Sattva AASPL's Managing Director SKB Parekh emphasizes the importance of utilizing India's resources for technology development within the country.
  • Sattva has no plans for an initial public offer (IPO) in the next three years, with funding coming from internal sources.

Statistics:

  • Sattva AASPL aims to become a Rs 100 crore company in 10 years.
  • The company is working to stabilize indigenous manufacturing in the aerospace industry.
  • Sattva AASPL is an approved design organization by both civil and military aviation authorities.

Sources:

  • "Sattva Group Eyes Further Investments in Indian Aerospace Industry" - Contify.Com (No date)