Acquisitions20 Nov 2025, 12:06 pm
Sunita Tools Limited Acquires Majority Stake in Avisan Group, Expanding into Defence Industry
AI Summary
Sunita Tools Limited has acquired a majority stake in Avisan Global Tech Private Limited and Avisan Engineering Enterprises, both part of the Avisan Group. The Avisan Group is known for its work in weapons installation, ship building, ship retrofitting, and other aspects of the naval defence and ship building industry. The group has a combined sales of over 6.27cr in FY 25 and an order book of over 20.53 crores from reputed defence and ship building companies. This acquisition is a strategic move by Sunita Tools Limited to expand into the defence industry, particularly the naval defence and ship building sector.
Key Highlights
- Sunita Tools Limited acquires 51% stake in Avisan Global Tech Private Limited and Avisan Engineering Enterprises
- Avisan Group is into Weapons Installation, Ship building, Ship retrofitting and other aspects of naval defence and ship building Industry
- Avisan Group has combined sales of over 6.27cr in FY 25 and an order book of over 20.53 crores
- Sunita Tools Limited is expanding into the defence industry with this acquisition
- The acquisition is expected to drive exponential growth in Sunita Tools Limited's defence business