24 March 2026, Gurugram – Samtel Avionics (SA), a leading Indian defence avionics company, has secured ₹75 crore in growth funding, along with a green shoe option of ₹140 crore from True North Private Credit, the credit arm of one of India’s most respected home-grown private equity firms., positioning the company for its next phase of expansion.
The green shoe option provides significant headroom for additional capital infusion, reflecting strong confidence in the company’s growth trajectory and enabling Samtel Avionics to scale its operations in a phased and strategic manner.
It should be noted that the company recently announced its strategic expansion into space technologies and drone manufacturing, with an investment of over ₹200 crore aimed at diversifying its product portfolio over the coming years.
Notably, the funding will support the company’s expansion plans, with a focus on strengthening capabilities, accelerating innovation, and enhancing its overall market presence.
Commenting on the development, Puneet Kaura, Managing Director & CEO, Samtel Avionics, said, “This funding, along with the green shoe option, marks an important step in our growth journey. It gives us the flexibility to scale at the right pace and capitalise on emerging opportunities, while continuing to strengthen our capabilities.”
Kapil Singhal, Managing Partner, Private Credit at True North, added, “The green shoe option reflects our strong belief in Samtel Avionics’ long-term potential. We are pleased to support the company with flexible capital that aligns with its growth ambitions.”
