November 28, 2014 10:03 PM ET

Aerospace and Defense

Company Overview of Air Works India Engineering Private Limited

Company Overview

Air Works India Engineering Private Limited provides aviation maintenance, repair, and overhaul (MRO) services in India. It offers aircraft management, business and general aviation MRO, commercial aviation MRO, and avionics upgrade and retrofit services. The company also provides aircraft paint and refinishing services in the United Kingdom. In addition, it involves in parts distribution operations. The company was founded in 1951 and is headquartered in Gurgaon, India with a regional office in Mumbai, India. It has locations in Ahmedabad, Bengaluru, Chennai, Hosur, Jakkur, Madurai, New Delhi, and Pune, India; and Cambridge, Manchester, Southend, East Midlands, and Norwich, United Kingdom.

First Floor

Kalyani House

Plot 40, Sector 18

Udyog Vihar

Gurgaon,  122 001


Founded in 1951


91 12 4464 2255


91 12 4464 2250

Key Executives for Air Works India Engineering Private Limited

Chief Executive Officer
Age: 51
Chief Financial Officer
Executive Director
President of Corporate Affairs
Managing Director of ATE
Compensation as of Fiscal Year 2014.

Air Works India Engineering Private Limited Key Developments

Air Works India (Engineering) Pvt., Ltd. and Yaksa Investment Form Joint Venture (JV), Air Works Nepal

Air Works India (Engineering) Pvt. Ltd. and Yaksa Investment have formed a joint venture (JV), Air Works Nepal, to provide aviation maintenance services to international airlines and domestic operators from Tribhuvan International Airport, Kathmandu, Nepal. The JV is in line with Air Works India's strategy of overall expansion to start aviation engineering services' ventures in neighboring countries where availability and quality of MRO services is not up to international standards.

Air Works India Engineering Mulls Financing

Air Works India Engineering Private Limited is looking at raising another round of funding of about INR 1.5 billion, according to three people close to the development. “There is going to be a part primary (direct stake sale by the company) and part secondary (stake offloading by existing investors) stake sale,” said one of the three people. Air Works could also consider raising capital from both new and existing investors, said another person. All the three people asked not to be identified. The firm has asked JM Financial Institutional Securities Ltd, to advice it, according to Ravi S. Menon, Executive Director at Air Works. He added, "The existing shareholders may look at bringing some funds via a rights issue or other instruments. We are yet to finalize the mode of funding." New Enterprise Associates and GTI Group LLC own around 51.51% stake and Punj Lloyd Ltd. (BSE:532693) holds 19.58%. The Menon family, Vivek Gour and employee stock options together own 28.91% of the equity.

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