The Maharashtra Defence and Aerospace Venture Fund (MDAVF), a SEBI-registered Category II Alternative Investment Fund (AIF) managed by IDBI Capital Markets & Securities Limited (ICMS), has emerged as a critical facilitator of India’s defence and aerospace ecosystem. MDAVF promotes innovation, indigenisation, and self-reliance through strategic investments in essential sectors such as missile systems, aerospace technology, naval systems, and electronic warfare.
Since its inception, MDAVF has committed ₹480 crore to 27 MSMEs. Approximately ₹406 crore has been invested in 22 MSMEs, with successful full and partial exits from 12 companies resulting in ₹281 crore in disposal proceeds. These strategic investments produced a good Internal Rate of Return (IRR), demonstrating MDAVF’s rigorous commitment to asset generation.
Amey Belorkar, Fund Manager – Maharashtra Defence and Aerospace Venture Fund (MDAVF), IDBI Capital Markets & Securities Ltd., stated, “MDAVF is committed to supporting India’s vision of self-reliance in defence and aerospace by channelizing strategic investments into high-potential ventures. We are dedicated to fostering technological breakthroughs that not only strengthen national security but also enhance indigenous capabilities. By backing innovative and sustainable growth in critical sectors, MDAVF is proud to contribute to India’s defence ecosystem and the vision of Atmanirbhar Bharat.”
MDAVF’s investments have led to the creation of over 3,000 direct jobs and an estimated 10,000-15,000 indirect jobs across Maharashtra. The fund has significantly contributed to skill development, technological advancement, and indigenization in defence manufacturing, ensuring long-term industry sustainability.
MDAVF’s strategic investments align seamlessly with the government’s ‘Make in India’ initiative, prioritizing indigenous defence production. Key sectors such as nuclear solutions, UAV automation, marine technologies, and aerospace advancements have witnessed remarkable progress, positioning India as a global leader in cutting-edge defence manufacturing.
As it continues to leverage emerging opportunities in advanced technologies, MDAVF is set to provide a resilient platform for sustainable growth, self-reliance, and global competitiveness in defence and aerospace. Managed by IDBI Capital Markets & Securities Limited, MDAVF remains a transformative force in strengthening India’s indigenous innovation and defence capabilities.
