NEW DELHI: With an aim to strengthen Indian indigenous defence market, JK Organisation has acquired a majority stake in a Bangalore-based Deepti Electronics & Electro-Optics Pvt. Ltd. (DELOPT) through its group company Global Strategic Technologies Ltd. (GST). Delopt manufactures defence electronics, avionics and electro-optics and with this acquisition JK hopes to strengthen its position as a defnce technology provider.
Known for its high-end defence research Delopt has been involved with the DRDO and DPSUs on projects relating to LCA, MBT, Indian Navy’s communication network, torpedoes and missile platforms. The acquisition is important in the view of government talking about opening defence sector for private participation as well.
“The Government is committed to opening up the defence sector to private sector participation and, together with defence offsets, offers a significant opportunity for companies with a strong R&D and an industrial manufacturing excellence. We are excited to contribute to this important initiative towards self-reliance in a strategic sector. We are delighted at this acquisition and look forward to strong growth in this domain,” said Harsh Pati Singhania, Director JK Organisation.
JK Organisation has been doing a lot of work in the defence, aerospace and security domain through GST which has signed MoUs with several global majors including some significant pacts with European and North American defence players.
Delopt, with over 100 engineers and scientists, has the critical mass and, with JK’s entry, is expected to result in a major change in its growth trajectory. Delopt also leverages its defence technologies in the civilian professional electronics space and has a strong presence through its retailing and video analytics, security products and solutions for surveillance and parking systems. It has significant overseas presence in more than 20 countries and its prestigious customers include some like Ferrari World in Abu Dhabi and Singapore Technologies.