Zen Technologies share price surged 5% after the company announced the acquisition of a majority stake in TISA Aerospace, a defence tech firm focused on loitering munitions and UAVs.
Zen Technologies share price surged as much as 5% on Monday, June 23, 2025, reaching an intraday high of ₹1,994.60. As of 11:07 AM, the stock is trading at ₹1,992 on the NSE.
Zen Technologies Limited has announced its Board’s approval to acquire a majority stake in TISA Aerospace Private Limited (TISA), a promising player in the defence technology space. TISA specialises in indigenously developed loitering munitions and unmanned aerial vehicles (UAVs), positioning itself as a key innovator in next-generation warfare solutions.
The acquisition will be carried out through a combination of equity purchase from existing shareholders and the acquisition of compulsorily convertible debentures (CCDs) previously issued by TISA.
This strategic investment marks Zen’s focused foray into the high-growth segment of loitering munitions — a rapidly expanding category of precision-guided weaponry with rising importance in modern combat operations.
Commenting on the acquisition, Mr. Ashok Atluri, Chairman and Managing Director of Zen Technologies Limited, said: “This acquisition is a decisive step towards strengthening Zen’s position in the rapidly evolving defence drone sector. TISA’s expertise in loitering munitions provides us with immediate access to advanced technologies and platforms that align with the emerging operational requirements of the Armed Forces.
TISA has achieved significant R&D milestones, including the successful execution of a project for DRDO with critical design assistance from IIT Madras. By integrating these capabilities with our existing strengths in anti-drone systems and propulsion technologies, we are building a broader and more future-ready defence portfolio.
This move is well-aligned with India’s urgent need for self-reliance in defence capabilities, particularly in drones and loitering munitions. We see strong potential in product integration across platforms, enabling us to scale faster and compete more effectively in both domestic and global markets.”
Zen Technologies has exceeded its guidance for FY25 by posting a topline of over ₹900 crore. It also achieved EBITDA and PAT margins above the guided thresholds of 35% and 25%, respectively — marking the company’s highest-ever quarterly and annual performance.
In addition, the company secured a major order from the Ministry of Defence for Integrated Air Defence Combat Simulators (IADCS) for the L70 gun. Execution is expected to be completed in FY26, adding further strength to the company’s growth outlook.
Stay updated with the latest movements in the Zen Technologies share price, including historical performance, financials, and live market updates.
Founded in December 2020, TISA Aerospace Private Limited focuses on designing, developing, and manufacturing advanced loitering munitions and UAVs for defence applications. The company has successfully delivered systems meeting DRDO specifications and is currently developing additional variants for the Indian Army. TISA aims to become a global leader in loitering munitions with a strong "Made in India" mission at its core.
Zen Technologies Limited is a pioneer in defence training and anti-drone solutions, with a longstanding track record of developing advanced systems that enhance combat readiness for security forces. The company operates from its R&D and production base in Hyderabad, recognised by the Ministry of Science and Technology. With over 1,000 training systems deployed globally and more than 172 patents filed, Zen Technologies continues to lead in innovation for India’s defence sector.
Disclaimer: The article is for informational purposes only and not investment advice.
For android only