May 21, 2018 2:56 PM ET

Automobiles

Company Overview of Mahindra Defence Systems Limited

Company Overview

Mahindra Defence Systems Limited develops, manufactures, and sells up-armor products for vehicles. The company offers RAKSHAK, a solution for security forces deployed in counter-insurgency and anti-militancy operations; up-armored Scorpio, a vehicle for VIPs that provides them with security on the move and ride comfort; up-armored Bolero, a vehicle for senior officers deployed in disturbed areas; and cash in transit van, a bullet resistant vehicle for secured transfer of cash and valuables, ATM replenishment, and multi-point cash collection applications. It sells its products to armed forces and other security forces through its dealers in India and internationally. The company was incorpora...

Mahindra Towers

2A, Bhikaji Cama Place

New Delhi,  110066

India

Founded in 2012

Phone:

91 11 4122 0300

Fax:

91 11 4145 8510

Key Executives for Mahindra Defence Systems Limited

Chief Executive Officer of Aerospace & Defence Sector
Age: 58
Compensation as of Fiscal Year 2017.

Mahindra Defence Systems Limited Key Developments

Mahindra Defence and Bharat Electronics Sign MoU to Jointly Address Wide Range of Emerging Opportunities in Indian Defence Market

Bharat Electronics Limited and Mahindra Defence Systems Ltd. committed to a long-term partnership through a MoU, to jointly address emerging opportunities in the domestic market under the policy initiatives of the Government of India, like 'Make in India' and the 'Export Promotion Policy' of the Ministry of Defence to target the export market. BEL has the expertise in design, development, engineering, manufacture of Radar & Weapon Systems, NCS and Communications systems, Electronic Warfare & Avionics, Naval Systems, Electro-optics products, Tank Electronics & Gun Systems, Satcom systems, Strategic Components and select Civilian products, whereas Mahindra Defence has the expertise in manufacture, maintenance of Defence equipment, Light Military Vehicle, Armoured Vehicles, Aerospace/Aviation Platforms, Simulators, Electronics, Airborne Equipment, Naval Equipment and materials for Defence sector.

Mahindra Defence and Shinmaywa Industries Limited Sign MOU for US-2 Amphibious Aircraft

Mahindra Defence's Memorandum of Understanding with ShinMaywa Industries Limited, Japan, manufacturer of Amphibious Aircraft US-2 is one of the key events at Defexpo 2018, Chennai. Signing this MOU on the side lines of this event offers both the companies to join forces in order to set up MRO services /manufacturing and assembling of structural parts & components for US-2 amphibian aircraft. ShinMaywa US-2 is a modern amphibious aircraft is a veritable force multiplier since it fulfils a multitude of missions in a single platform. It is an unique aircraft and the only 'in service' open sea capable amphibian aircraft with state of art equipment, very rough sea operations (Sea state 5 up to 3m wave height), riverine/lake landing capability, STOL features, long endurance and extended radius of operations with large payload capacity. With such unique features, US-2 may be considered as an effective platform to carry out `Benign' missions such as SAR, CASEVAC, Humanitarian Relief and Disaster Management, and `Constabulary' missions such as extended EEZ surveillance,Maritime Domain Awareness (MDA) missions of the Indian Navy etc. The ShinMaywa US-2 fleet is deployed by Japanese Maritime Self Defence Forces across their remote islands chain for Exclusive Economic Zones protection, surveillance and Search & rescue operations. India and Japan are now discussing the methodology of procurement of Amphibian Aircraft US-2 requirements of the Indian Navy. Both nations are working on the way forward to induct this aircraft in India. Both ShinMaywa and Mahindra Defence have entered into this partnership with a view to set up MRO services in India and also undertake manufacturing, assembling of structural parts & components for US-2 amphibian aircraft etc. Mahindra is the only Indian private sector OEM for small aircraft which sold in many countries globally. Given their joint capabilities it is only natural that both companies have come together and are confident of delivering solutions for this aircraft as mandated by the Indian Ministry of Defence. This MOU also envisages both the companies to build up a strategic partnership for future versions of US-2 amphibian aircraft.

Mahindra Defence, Shapoorji Pallonji May Bid For Bharati Defence

Mahindra Defence Systems Limited and Shapoorji Pallonji & Company Limited are likely to submit independent bids for acquiring the financially unviable Bharati Defence and Infrastructure Limited (BSE:532609) and are in the process of carrying out due diligence on the company. This will be the first such bankruptcy resolution attempt under the Insolvency and Bankruptcy Code for the security industry. Bharati Defence and Infrastructure Limited has been valued at $350 million and the two companies are currently evaluating the deal. Ernst & Young (EY) is acting as advisor to the lenders. Bharati Defence and Infrastructure Limited has also received interest from other bidders like German Dry Docks AG and other companies, who intend to acquire individual docks along India's eastern and western water margins.

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