New Delhi, India – 24 February 2026: Brahmastra Explosives Ammunition today announced the signing of an exclusive Business and Technical Cooperation Agreement with Holding Corporation Krušik, Serbia, marking a significant breakthrough in the defence and technology sector. This landmark collaboration, the first of its kind in over a decade, will introduce advanced products to the Indian market, enable technology transfer, and drive joint development of new solutions.
The agreement not only establishes a robust framework for sales and technology transfer but also paves the way for joint sales initiatives, strategic market expansion, and collaborative product innovation. Brahmastra Explosives Ammunition will lead initiatives in sales, technology transfer, and product development whereas Holding Corporation Krušik, Serbia will provide comprehensive support to ensure seamless execution across sales operations, technology integration, and new product development. Together, we aim to strengthen India’s defence capabilities and expand their global footprint through innovation and cooperation.
This agreement is a strong step toward advancing India’s vision of self-reliance. By enabling technology transfer, joint product development, and localized execution, the partnership directly supports the Government of India’s Make in India and Atmanirbhar Bharat initiatives. Together, Brahmastra Explosives Ammunition and Holding Corporation Krušik is committed to strengthening indigenous capabilities, fostering innovation within India, and ensuring that the nation’s defence sector is empowered with world-class solutions developed and manufactured in India.
Speaking on the occasion, a Dinesh Vashista, CEO, Brahmastra Explosives Ammunition stated that “This agreement is a milestone not only for Brahmastra but for the entire defence industry in India. By joining forces with Holding Corporation Krušik, we are setting the stage for technological advancements, joint product development, and strategic market expansion. It is a proud moment to lead such a transformative partnership.”
Holding Corporation Krušik General Director, Jovanka Andrić commented that “We are delighted to collaborate with Brahmastra Explosives Ammunition in this exclusive agreement. By providing all the required necessary support, we will ensure smooth execution and help bring innovative products to the Indian market. This partnership reflects our commitment to advancing technology and strengthening India-Serbia bilateral cooperation.”
About Brahmastra Explosives and Ammunition Private Limited. Brahmastra Explosives and Ammunition is an Indian defence technology company specializing in the design, development, and manufacture of mission-critical ammunition, explosives, propellants, warheads, Electric Boats for maritime surveillance and reconnaissance, commercial or leisure Electric Boats and various other Defence Systems/ Sub systems. Headquartered in Noida (Uttar Pradesh), the company operates with a focus on engineering-led design and indigenous manufacturing, supported by a skilled team with deep experience in the defence and aerospace sectors. Brahmastras is committed to delivering high-performance solutions that meet the rigorous demands of modern security forces.
About Holding Corporation Krušik. The Holding Corporation Krušik is a prominent state-owned defence company based in Valjevo, Serbia, with a history dating back to its founding in 1939. It is a cornerstone of the Serbian defence industry, specializing in the production of mortars, artillery rounds, rockets, grenades, and aircraft bombs and many more products for over 70 countries worldwide.
