IMAP India advised Aidin Technologies Private Limited on its fund raise from Indo-National Limited

IMAP India advised Aidin Technologies Private Limited (“Aidin”), a defense electronics company, on its capital raise of $8.2 million from Indo National Limited (“INL”).

Aidin is a fast-growing provider of advanced defense electronics solutions, with capabilities spanning radio frequency, power electronics, and embedded systems. The company delivers mission-critical technologies across electronic warfare, anti-drone systems, defense communications, and satellite applications. Its portfolio includes EW test and range systems, communication jammers, radar power and distribution units, as well as solid-state and TWT amplifiers for electronic warfare applications.

INL is a leading Indian manufacturer of batteries and electrical solutions, best known for its flagship brand “Nippo.” The group has established a diversified presence across batteries, lighting, appliances, and home care products, and has recently expanded into B2B and government-led sectors, including defence electronics.

The transaction reflects strong underlying growth in India’s defense sector, supported by increasing budget allocations and a continued push for domestic manufacturing. Aidin’s differentiated technical capabilities and exposure to high-growth defence applications position it as a strategic platform for INL as it builds out its presence in B2B and defense-oriented businesses.