Indo-National Limited — JV/Acquisition, 30-04-2026: Acquisition

Indo-National (Nippo) is acquiring a 51% stake in Aidin Technologies Private Limited for Rs. 78.05 Cr. Aidin specializes in radio frequency power electronics, serving defense communications, electronic warfare, and satellite technology. Aidin's revenue grew from Rs. 15.80 Cr (FY23) to Rs. 74.31 Cr (FY25). This strategic move allows Indo-National to diversify beyond B2C consumer goods into the high-growth B2B/B2G defense and aerospace electronics sector. The acquisition is expected to boost Indo-National's revenue and profitability by tapping into India's defense indigenization drive, creating a balanced business portfolio.