Samtel Avionics Raises INR 75 Cr, Secures INR 140 Cr Green Shoe Option
The company recently announced its entry into space technology and drone manufacturing, marking a strategic diversification beyond its core avionics business.
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Samtel Avionics has raised INR 75 crore in growth funding from True North Private Credit, along with a green shoe option of INR 140 crore, as the defence avionics firm prepares for its next phase of expansion.
The green shoe option provides additional capital flexibility, reflecting investor confidence in the company’s long-term growth. It enables Samtel Avionics to access further funds in a phased manner as it scales operations and explores new opportunities.
The company recently announced its entry into space technology and drone manufacturing, marking a strategic diversification beyond its core avionics business. It plans to invest over INR 200 crore in these segments over the coming years to expand its product portfolio and tap into emerging markets.
Puneet Kaura, Managing Director & CEO, Samtel Avionics, said, “This funding, along with the green shoe option, marks an important step in our growth journey. It gives us the flexibility to scale at the right pace and capitalise on emerging opportunities, while continuing to strengthen our capabilities.”
Kapil Singhal, Managing Partner, Private Credit at True North, added, “The green shoe option reflects our strong belief in Samtel Avionics’ long-term potential. We are pleased to support the company with flexible capital that aligns with its growth ambitions.”
Samtel Avionics, a joint venture between the Samtel Group and Thales Group, specialises in advanced avionics systems and rugged display solutions. The company supports key programmes of Hindustan Aeronautics Limited and Defence Research and Development Organisation, contributing to India’s efforts to strengthen domestic defence manufacturing.
Samtel Avionics has raised INR 75 crore in growth funding from True North Private Credit, along with a green shoe option of INR 140 crore, as the defence avionics firm prepares for its next phase of expansion.
The green shoe option provides additional capital flexibility, reflecting investor confidence in the company’s long-term growth. It enables Samtel Avionics to access further funds in a phased manner as it scales operations and explores new opportunities.
The company recently announced its entry into space technology and drone manufacturing, marking a strategic diversification beyond its core avionics business. It plans to invest over INR 200 crore in these segments over the coming years to expand its product portfolio and tap into emerging markets.
Puneet Kaura, Managing Director & CEO, Samtel Avionics, said, “This funding, along with the green shoe option, marks an important step in our growth journey. It gives us the flexibility to scale at the right pace and capitalise on emerging opportunities, while continuing to strengthen our capabilities.”
Kapil Singhal, Managing Partner, Private Credit at True North, added, “The green shoe option reflects our strong belief in Samtel Avionics’ long-term potential. We are pleased to support the company with flexible capital that aligns with its growth ambitions.”
Samtel Avionics, a joint venture between the Samtel Group and Thales Group, specialises in advanced avionics systems and rugged display solutions. The company supports key programmes of Hindustan Aeronautics Limited and Defence Research and Development Organisation, contributing to India’s efforts to strengthen domestic defence manufacturing.
