Adani Group Ramps Up MRO Play: Partners with Prime Aero to Buy 100% Stake in Indamer Technics

Adani Group has forged a partnership with Prime Aero Services to acquire a 100% stake in maintenance, repair and overhaul (MRO) services company Indamer Technics. In a statement on August 11, Adani Defence Systems and Technologies (ADSTL) said it is a 50-50 partnership between the two companies. The move by the port-to-media conglomerate comes just a month after it acquired an 85.1% stake in homegrown MRO firm Air Works India (Engineering) for ₹400 crore. 

“This acquisition is the next step in our push to establish India as a premier global MRO destination,” director, Adani Airports, Jeet Adani, said, according to the company’s statement. “It also reinforces our commitment to building an integrated aviation services ecosystem that strengthens India’s aviation infrastructure,” he added. 

Indamer Technics’s greenfield facility is located in Maharashtra’s Nagpur and can accommodate up to 15 aircraft bays across 10 hangars. The MRO company has requisite approvals from regulators, including the Directorate General of Civil Aviation (DGCA) and the Federal Aviation Administration (FAA), ADSTL said in the statement. 

The move will strengthen the Adani Group’s bet on the Indian MRO industry. In July this year, the port-to-media conglomerate acquired an 85.1% stake in Air Works India (Engineering).

What’s Driving the Big Bold Bet? 

The Indian MRO industry has come into the limelight, particularly after the Air India Ahmedabad plane crash, when issues like safety and security in air travel gained attention. The health of aircraft has become a central focus for the world’s third largest aviation market. The Indian MRO industry is projected to grow at an 8.9% CAGR from $1.7bn in 2021 to $4bn by 2031. As the Indian aviation market is growing rapidly and the airlines, including Air India, IndiGo and Akasa Air, are increasing their fleet size, the growth of the MRO industry is required both to take care of the needs of the domestic airlines and to help India become a global MRO hub.