Gurugram, 17 December 2025:
Samtel Avionics has secured Rs 75 Crore in growth funding from True North Private Credit, the home-grown private equity firm. The funding will fuel Samtel Avionics growth and expansion plans to deliver diversified solutions across critical sectors like defence, aerospace, railways, satellites, and unmanned systems. The investment also includes a green shoe option of Rs 140 Crore, enabling additional capital infusion as the company scales. The capital will be deployed to accelerate research and development, expand manufacturing capacity, and drive adoption of advanced indigenous technologies for mission-critical applications.
On the development, Puneet Kaura, MD & CEO, Samtel Avionics said, “Securing this investment from True North Private Credit marks a pivotal moment in our growth journey. It not only validates our technological capabilities but also reinforces our commitment towards building world-class, indigenous solutions for mission-critical applications across defence, aerospace, and emerging domains like satellites and unmanned systems (UAVs). This support would further strengthen our ability to scale rapidly, deepen our R&D efforts, and significantly contribute towards India’s self-reliance and technological leadership.”
Kapil Singhal, MD, Private Credit of True North, said, “Samtel Avionics has established exceptional engineering capabilities in defence avionics, built on visionary leadership and disciplined management. We are excited to partner with a founder-led business well-positioned to drive India’s defence modernisation.We believe that next decade will offer significantgrowth opportunities to Samtel with GoI’s focus on indigenisation and modernisation of defence capabilities. We are also excited by Samtel’s strategic entry into Railways with huge domestic and export opportunity driven by quality and global cost competitiveness. This investment reaffirms True North’s solutions-oriented approach in partnering with quality founders and well governed businesses to support growth.”
Samtel Avionics is the provider of advanced and rugged electronic systems for defence, aerospace, and railways and offers end-to-end capabilities spanning design, development, manufacturing, testing, and lifecycle support for mission-critical platforms.
