Adani Enterprises announced that its wholly-owned subsidiary, Adani Defence Systems & Technologies (ADSTL), together with Prime Aero Services, has signed agreements to acquire a 72.8% stake in Flight Simulation Technique Centre (FSTC), an independent flight training and simulation provider, for an enterprise value of ₹820 crore.
Founded in 2012 by ex-IAF Squadron Leader Dilawer Singh Basraon, FSTC operates 11 advanced full-flight simulators and 17 training aircraft, offering comprehensive pilot training from commercial pilot licences to type ratings, recurrent training and specialised skill courses.
The company is certified by DGCA (Directorate General of Civil Aviation) and EASA (European Union Aviation Safety Agency) and runs state-of-the-art simulation centres in Gurugram and Hyderabad, with significant expansion capacity. It also operates one of India’s largest flying schools at Bhiwani and Narnaul in Haryana.
The acquisition aligns with Adani Defence’s strategy to build an integrated aviation services ecosystem spanning MRO, simulation, and full-stack pilot training. India is expected to require nearly 20,000 new pilots over the next decade, and FSTC’s capabilities will significantly enhance the country’s flight training capacity.
ADSTL is a subsidiary of Adani Enterprises (AEL), while Horizon Aero Solutions (HASL), a joint venture of ADSTL and Prime Aero Services LLP, is a step-down subsidiary of AEL. FSTC is a subsidiary of Flight Simulation Solutions (FSS) and its existing shareholders.
Ashish Rajvanshi, CEO, Adani Defence & Aerospace, said, “This acquisition is the next step in our strategy to build a fully integrated aviation services platform. With FSTC joining Air Works and Indamer Technics, we can now serve customers across civil MRO, general aviation MRO [Maintenance, Repair and Overhaul], defence MRO and full-stack flight training. With Indian airlines expected to induct 1,500+ aircraft, the requirement for certified pilots will multiply sharply. At the same time, the government’s thrust on advanced training and mission rehearsal for armed forces creates new opportunities in defence simulation. In line with our philosophy of helping build a secure nation, we aim to support the next generation of Indian defence pilots.”
