Adani Group, via its defence and aerospace division, has secured approximately 73% ownership of Flight Simulation Solutions (commonly referred to as Flight Simulation Technique Centre, FSTC) for ₹820 crore.
Key details of the acquisition
Stake & Value: Adani Defence Systems and Technologies Ltd. (ADSTL), in collaboration with Horizon Aero Solutions, acquired a 72.8–73% stake in Flight Simulation Solutions for ₹820 crore.
Company Profile: Flight Simulation Solutions (FSTC) stands as India’s foremost independent provider of flight training and simulation,
Simulators: 11 state-of-the-art full-flight simulators Training aircraft: 17 aircraft
Services Offered: Commercial pilot license training, type ratings, recurrent training, and specialized skill courses.
Certifications: Accredited by the Directorate General of Civil Aviation (DGCA) and the European Union Aviation Safety Agency (EASA).
The company announced the acquisition through a filing with the exchange. The share purchase agreements were executed by Adani Defence Systems and Technologies Ltd (ADSTL) and Horizon Aero Solutions Ltd (HASL). ADSTL is a wholly owned subsidiary of Adani Enterprises, while HASL is a subsidiary of ADSTL, co-owned with Prime Aero Services LLP. The transaction values FSTC at an enterprise value of ₹820 crore.
Strategic Importance
Adani intends to establish a comprehensive aviation-services platform encompassing maintenance, repair and overhaul (MRO), advanced simulation, and pilot-training capabilities.
Securing a majority stake in FSTC is in line with this strategy, providing the group with enhanced access to the rapidly expanding training sector.
FSTC is acknowledged as one of India’s top independent pilot-training institutions, making this acquisition a pivotal driver for Adani’s long-term aviation objectives.
FSTC Scale of Operations
FSTC contributes a robust operational foundation to the Adani portfolio, operating 11 full-flight simulators and 17 training aircraft that facilitate a diverse array of programs, including type-rating courses, commercial pilot license training, recurrent training, and specialized aviation modules. The company operates training centers in Gurugram and Hyderabad, along with flying schools in Bhiwani and Narnaul in Haryana. With certifications from both the DGCA and EASA, FSTC is well-equipped to cater to the civil and defense aviation sectors, offering significant growth opportunities.
Risks & considerations Regulatory Oversight: Must ensure adherence to DGCA and international standards to maintain credibility.
Competition: Global training providers may increase their presence in India, with pricing, quality, and scale serving as crucial differentiators.
Integration Challenges: Navigating operational and cultural integration within Adani’s defence and aerospace portfolio.
About FSTC
Flight Simulation Technique Centre (FSTC), also known as Flight Simulation Solutions, was established in 2011 by Dilawer Singh Basraon and Capt. Sanjay Mandavia.
Company Profile Founded: 2011 Headquarters: Gurugram, Haryana, India
Core Business: India’s largest independent provider of flight training and simulation services
Facilities: 11 advanced full‑flight simulators 17 training aircraft Training centers in Gurugram, Hyderabad, Bhiwani, and Narnaul
Certifications: Endorsed by DGCA (India) and EASA (Europe)
Growth & Investors Initial Funding: Backed by investors like Xponentia Capital Scale: Listed among the leading aviation training providers in India, employing around 65 individuals as of 2023
Revenue: Reported a yearly revenue of ₹18 lakh for the fiscal year 2023 Strategic Importance Civil Aviation: Tackles India’s pilot shortage through type ratings and recurring training
Defence Aviation: Offers simulator-based training for military aviators Adani Acquisition: In November 2025, Adani Defence Systems acquired a 73% share for ₹820 crore Summary
FSTC is the largest independent flight training organization. Its headquarters in Gurugram and various centers position it as a vital hub for both civil and defense pilot training, now strategically partnered with Adani Group’s aviation sector.
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