Tankup Engineers Limited — JV/Acquisition, 15-08-2025: Acquisition

TANKUP is acquiring 100% of Titan Asia Private Limited, a key player in aircraft refuelling systems. While the deal cost isn't disclosed, this strategic move significantly boosts Tankup's capacity for aviation infrastructure and adds specialized engineering capabilities. It expands their footprint in defence and civil aviation markets, aligning with their planned entry into defence manufacturing. Titan Asia brings an order book of ₹39.4 Cr and reported FY24 revenue of ₹39.59 Cr, EBITDA of ₹6.62 Cr, and PAT of ₹3.37 Cr. This acquisition strengthens Tankup's market position and future project pipeline.