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India Defence Online, New Delhi — The Indian private sector giant Tata Group’s latest achievement in the Indian defence business has been the acquisition of a 74 per cent stake in Hyderabad-based HBL Elta Avionics Systems Limited (HELA). This is the first acquisition that Tata Group has made in defence business and the venture has been finalised between its subsidiary Tata Advanced Systems (TAS) and HBL Elta Avionics, a provider of radar, communications, electronic warfare, homeland and surveillance systems solutions to Indian defence forces.
In the venture whose amount is yet undisclosed, TAS will hold 74 per cent in HBL Elta Avionics and the remaining 26 per cent continues to be held by its foreign partner ELTA Systems, a unit of Israel Aerospace Industries (IAI). This will be the group’s second JV with IAI and it already has a 74:26 partnership to manufacture unmanned aerial vehicles, electronic warfare systems, missiles, radars and homeland security systems.
Tata Group has been focusing on the lucrative defence sector as it was opened for the private sector and has been making its presence felt in the defence business via its subsidiary firms and foreign collaborations. With several group companies and subsidiaries such as Tata Communications, CMC and Titan Industries, Tata Power Strategic Electronic Division, TAS and Tata Motors, the Tata Group has decided to lay a definitive imprint on the defence and aerospace business of India.
As for its foreign collaborations, TAS has a joint venture with US-based helicopter manufacturer Sikorsky to manufacture cabins for Sikorsky S-92 helicopters and the first cabin has rolled out from its facility. TAS also has a joint venture with AGT International to provide integrated solutions for homeland security market. With Lockheed Martin, Tata Group has forged a partnership related to aircraft parts for the overseas market.
The $72 billion Tata Group has a remarkable track-record as a corporate house and a company that succeeds in every vertical they are in. Hence, it will not be surprising to see Tata Group as a major defence giant in the country and the world in the next 5 years. With over 220,000 employees across 93 operating companies, the Tata Group has operations in more than 40 countries across six continents, and its companies export products and services to 140 nations.
Indian defence news and strategic intelligence
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