Zen’s Power Play: Majority Stake in TISA Aerospace Puts India’s Defence Tech on Fast Track

Zen Technologies Limited has made a decisive entry into India’s fast-evolving defence drone sector by acquiring a 54.7% majority stake in Hyderabad-based TISA Aerospace for ₹6.56 crore. This strategic move, approved unanimously by Zen’s Board, positions the company at the forefront of the loitering munitions and unmanned aerial vehicle (UAV) revolution reshaping modern warfare.

 

Key Highlights:

 

Majority Acquisition: Zen acquired 2,06,518 equity shares and 4 lakh 6% compulsory convertible debentures in TISA Aerospace, securing a 54.7% stake. The transaction is set to close by Q2 FY 2025-26.

 

Defence Innovation: TISA specializes in indigenous loitering munitions and UAVs, having already delivered projects for the Defence Research and Development Organisation (DRDO) with design input from IIT Madras. The company is developing next-gen variants for the Indian Army.

 

Strategic Synergy: Zen plans to integrate TISA’s advanced technologies with its own anti-drone and propulsion systems, creating a robust, future-ready defence portfolio. Chairman Ashok Atluri emphasized the move’s alignment with India’s push for self-reliance in critical defence tech.

 

Market Impact: News of the acquisition sent Zen’s shares soaring to the 5% upper circuit on the Bombay Stock Exchange, reflecting investor confidence in the company’s growth trajectory.

 

Financial Strength: The move comes on the back of Zen Technologies’ stellar financial results, with net profit up 189% year-on-year and revenues surging 130% in the March 2025 quarter.

 

This acquisition not only accelerates Zen’s ambitions in the precision-guided weaponry space but also strengthens India’s position as a global contender in defence innovation.

 

Sources: Economic Times, BusinessWorld, The Hindu Business Line