Zen Technologies’ board has approved the acquisition of a majority stake in TISA Aerospace (TISA), an emerging defence technology company specializing in indigenously developed loitering munitions and unmanned aerial vehicles (UAVs). The acquisition will be executed through a combination of share purchase from existing shareholders of TISA and acquisition of compulsorily convertible debentures (CCDs) from existing holder issued by TISA. This investment represents a focused entry into the high-growth domain of loitering munitions and the ecosystem around it -- a rapidly evolving category of precision-guided weaponry that has demonstrated significant operational relevance in modern warfare.
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 company’s existing strengths in anti-drone systems and propulsion technologies, the company aims to build a broader and more future-ready defence portfolio.
Zen Technologies designs, develops and manufactures state-of-the-art Combat Training Solutions for the training of Defence & Security Forces worldwide and is a leader in providing Counter-Drone Solutions for safeguarding the borders, critical infrastructures etc. Zen Technologies is headquartered in Hyderabad, India with offices in India, UAE and USA.
