Zen Technologies To Acquire Majority Stake In Defence Startup TISA Aerospace

Zen Technologies Ltd. on Sunday said it is acquiring a majority stake in TISA Aerospace Pvt. Ltd., a defence technology startup that develops loitering munitions and unmanned aerial vehicles.

The company will acquire the stake through a mix of share purchases from existing shareholders and acquisition of compulsorily convertible debentures issued by TISA, Zen Technologies said in a statement.

This marks Zen’s strategic entry into the fast-growing domain of loitering munitions—a category of precision-guided weaponry that has gained operational relevance in modern warfare.

“TISA’s expertise in loitering munitions gives us immediate access to advanced technologies aligned with the emerging needs of the armed forces,” said Ashok Atluri, chairman and managing director of Zen Technologies.

TISA had earlier executed a project for the Defence Research and Development Organisation with design support from IIT-Madras, Zen said.

By combining these capabilities with its own strengths in anti-drone systems and propulsion technologies, Zen said it is building a broader and more future-ready defence portfolio.