Sunita Tools acquires majority stake in naval defense firms
Sunita Tools Limited announced on November 20, 2025, the acquisition of a majority stake (51%) in Avisan Global Tech Private Limited and Avisan Engineering Enterprises. This move marks Sunita Tools' entry into the naval defense and shipbuilding sector, focusing on weapons installation, ship building, and retrofitting. The acquisition positions Sunita Tools as a major player in India's defense industry.
The Avisan Group reported combined sales of over INR 6.27 crore in FY 25 and holds an order book exceeding INR 20.53 crore from reputable defense and shipbuilding companies, including Navy Weapons Dept, Hindustan Shipyard, and Goa Shipyard. These orders involve installing weapon systems on naval ships, replacing radar and sonar systems, and integrating missile systems.
Sanjay Pandey, chairman and whole time director of Sunita Tools Limited, stated that this strategic purchase provides access to the rapidly growing naval defense and shipbuilding sector. This acquisition is expected to drive exponential growth in Sunita Tools' defense business, transforming it into a diversified defense company.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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