Key Takeaways
- • Blackstone is in talks to invest between USD 400 million and USD 500 million in Bengaluru-based defence and avionics technology company Accord Software Systems for a significant minority stake, according to Mint.
- • PwC India is advising on the transaction.
- • Accord, founded in 1991 by five engineers, specializes in global navigation satellite systems (GNSS) and makes navigation devices, specialised computer chips and electronic systems for aircraft, satellites and military vehicles.
- • For FY26, Accord reported operating income of about INR 458 crore and profit after tax of about INR 139 crore.
- • Proceeds would fund diversification into new areas and expansion of the company's global product reach.
Summary
Global private equity firm Blackstone is in talks to invest between USD 400 million and USD 500 million in Accord Software Systems, a Bengaluru-based defence and avionics technology company, for a significant minority stake, according to Mint. PwC India is serving as advisor to the transaction. The publisher's own coverage places the stake at roughly 17-20%, though the primary report characterizes it only as significant minority.
Accord was founded in 1991 by five engineers with expertise in avionics and real-time embedded systems. The company focuses on global navigation satellite systems (GNSS), designing, developing and manufacturing navigation devices, specialised computer chips and electronic systems used in aircraft, satellites and military vehicles. It plans to use the new capital to diversify into new areas and expand its product reach on a global basis.
The company reported about INR 458 crore in operating income and about INR 139 crore in profit after tax for FY26. The transaction would represent a significant institutional entry into Indian defence technology by Blackstone, which has been active in the sector through other recent defence-focused investments.
The talks remain at a preliminary stage based on available reporting, and no definitive agreement has been announced.
Accord was founded in 1991 by five engineers with expertise in avionics and real-time embedded systems. The company focuses on global navigation satellite systems (GNSS), designing, developing and manufacturing navigation devices, specialised computer chips and electronic systems used in aircraft, satellites and military vehicles. It plans to use the new capital to diversify into new areas and expand its product reach on a global basis.
The company reported about INR 458 crore in operating income and about INR 139 crore in profit after tax for FY26. The transaction would represent a significant institutional entry into Indian defence technology by Blackstone, which has been active in the sector through other recent defence-focused investments.
The talks remain at a preliminary stage based on available reporting, and no definitive agreement has been announced.
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