Swarna Aditya

✦ SWARNA ADITYA ✦

Swarna Aditya Gold Refinery & Resources Private Limited

Integrated Aerospace • Defence • Space • Autonomous Systems • Advanced Materials • Strategic Manufacturing

“Building beyond products. Building technology. Building manufacturing depth. Building national capability.”

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Overview

Swarna Aditya Gold Refinery & Resources Private Limited is an Indian industrial and technology enterprise developing capabilities across aerospace, space systems, defence manufacturing, unmanned and autonomous systems, advanced materials, metallurgy, strategic minerals and precision manufacturing.

The company is undergoing a strategic evolution from its historical foundation in metals, refining and resource-related activities toward a broader aerospace, defence and strategic-manufacturing enterprise.

Its long-term objective is to establish an integrated industrial ecosystem capable of connecting materials, engineering, manufacturing, systems integration, testing and programme execution.

The company’s development philosophy can be represented as:

Resources → Materials → Engineering → Manufacturing → Systems Integration → Strategic Capability

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Corporate Identity

Particular — Details

Brand: Swarna Aditya
Legal Entity: Swarna Aditya Gold Refinery & Resources Private Limited
Country: India
Primary Sectors: Aerospace, Space, Defence, Autonomous Systems, Advanced Materials, Strategic Manufacturing & Strategic Minerals
Aerospace Focus: Launch vehicles, aerospace manufacturing and space systems
Defence Focus: Defence manufacturing, unmanned systems and strategic technologies
Materials Focus: Metallurgy, advanced materials and strategic mineral resources
Quality Orientation: AS9100D-oriented systems and SAMAR-aligned manufacturing methodology
DRDO Ecosystem: SAMAR Level 2 certification/alignment, as applicable to the company’s registered capabilities
Website: swarnaaditya.com

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Strategic Industrial Vision

Swarna Aditya is being developed as an integrated industrial platform, rather than as a single-product company.

Its strategic architecture encompasses:

• Aerospace engineering and manufacturing

• Space and launch-vehicle systems

• Defence manufacturing

• Unmanned aerial systems

• Autonomous mission technologies

• Advanced materials and metallurgy

• Rare-earth and strategic mineral resources

• Precision industrial manufacturing

• Aerospace and defence testing infrastructure

• Engineering, qualification and validation capabilities

The underlying strategy is to progressively develop capabilities across the industrial value chain.

Materials → Manufacturing → Engineering → Systems → Strategic Technology

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Aerospace and Space Programmes

Aerospace and space technology constitute major components of Swarna Aditya’s long-term expansion.

The company is developing the ARUNA family of launch vehicles, beginning with a suborbital technology-demonstration programme and progressing toward higher-altitude research missions and an eventual orbital launch vehicle.

The roadmap is intended to develop capability progressively through:

Technology Demonstration → Suborbital Research → Higher-Performance Systems → Orbital Launch Capability

All launch programmes remain subject to engineering qualification, safety reviews, range requirements, regulatory authorisation and applicable Indian space-sector approvals.

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ARUNA AARAMBHAM TDV-1

10-km-Class Suborbital Technology Demonstration

The company’s initial planned launch programme is ARUNA AARAMBHAM TDV-1, a 10-km-class suborbital technology demonstrator.

The mission is intended to provide an initial flight demonstration of the company’s developing aerospace capabilities, including vehicle systems, avionics, telemetry, flight instrumentation and payload integration.

Planned Mission

• Vehicle: ARUNA AARAMBHAM TDV-1

• Mission class: Suborbital technology demonstration

• Target altitude: Approximately 10 km

• Payload: CanSat-class demonstration payload

• Planned launch: November 2026

• Primary objective: Initial flight demonstration and technology validation

The programme represents the first major flight stage in the company’s proposed ARUNA development roadmap.

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200-km-Class Suborbital Research Programme

Following the initial technology demonstration, Swarna Aditya plans to progress toward a substantially larger suborbital research vehicle targeting approximately 200 km altitude with a 50-kg-class payload.

The programme is targeted toward 2027, subject to successful development, qualification, financing, regulatory approvals, range readiness and flight-readiness reviews.

Potential applications include:

• Scientific research

• Microgravity experiments

• Technology demonstrations

• Aerospace-component testing

• Research payloads

• Suborbital commercial applications

This programme is intended to serve as an intermediate technological step between the initial ARUNA demonstrator and the company’s future orbital launch capability.

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ARUNA-1 Orbital Launch Vehicle

The company’s longer-term space roadmap includes ARUNA-1, an orbital launch vehicle intended to progress the organisation from suborbital technology demonstrations toward orbital missions.

Target Programme Architecture

• Vehicle: ARUNA-1

• Mission class: Small orbital launch vehicle

• Target orbit: Approximately 500-km-class LEO

• Target payload: Approximately 500 kg

• Development horizon: Toward the end of 2028

ARUNA-1 is intended to establish the company’s future capability in orbital launch systems, payload integration and associated aerospace manufacturing.

The programme remains a development objective and is dependent on detailed engineering, propulsion qualification, structural validation, avionics development, integrated testing, launch infrastructure and all applicable regulatory authorisations.

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South Goa Aerospace and Propulsion Test Infrastructure

Swarna Aditya is developing plans for dedicated aerospace test and manufacturing infrastructure in South Goa to support its longer-term aerospace programme.

The proposed ecosystem is intended to provide controlled facilities for aerospace development, qualification and validation activities, including:

• Liquid-propulsion technology development

• LOX-based propulsion research and testing

• Solid-propulsion development and testing

• Engine and component qualification

• Structural testing

• Instrumentation and data acquisition

• Aerospace subsystem validation

• Vehicle integration

• Manufacturing support

The objective is to create an integrated environment connecting:

Engineering → Manufacturing → Testing → Qualification → Flight Readiness

All propulsion, launch and test activities would be undertaken only under the applicable Indian safety, environmental, explosives, aviation, range and space-sector regulatory frameworks.

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Defence Manufacturing

Defence manufacturing represents another major pillar of Swarna Aditya’s strategic industrial expansion.

The company is developing capabilities intended to support regulated domestic and export-oriented defence manufacturing programmes.

Its planned industrial portfolio includes:

• Precision defence manufacturing

• Metallic component production

• Defence-system manufacturing

• Industrial machining

• Quality-controlled serial production

• Defence supply-chain participation

• Engineering and manufacturing support

The company intends to establish manufacturing systems capable of supporting high-volume production while maintaining appropriate quality, traceability and regulatory controls.

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155-mm-Class Empty-Shell Manufacturing

One of the company’s planned major defence-manufacturing initiatives is a 155-mm-class empty artillery-shell body manufacturing line.

The stated production target is approximately:

200,000 units per year

The proposed facility concerns the manufacture of empty metallic shell bodies and associated industrial components, rather than complete filled ammunition.

The facility is envisioned as a high-volume, quality-controlled manufacturing operation designed for regulated defence-industry requirements.

Actual production and commercial supply remain subject to applicable government licences, statutory approvals, quality certification, safety requirements and procurement authorisations.

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Defence and Strategic Technology Portfolio

Swarna Aditya’s broader defence technology roadmap includes development and participation across several strategic areas.

These include:

• Defence manufacturing

• Unmanned systems

• Autonomous technologies

• Advanced surveillance platforms

• Aerospace systems

• Strategic engineering

• Guided-system programmes

• Advanced propulsion research

• Defence electronics and mission systems

The company’s stated objective is to develop an industrial base capable of supporting progressively more sophisticated defence programmes.

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Unmanned and Autonomous Systems

Unmanned systems form an important component of Swarna Aditya’s future technology portfolio.

The company’s development areas include:

• Unmanned aerial systems

• ISR-oriented platforms

• Long-endurance UAV concepts

• VTOL unmanned aircraft

• Autonomous mission systems

• AI-enabled aerospace technologies

• Advanced flight-control systems

• Mission-system integration

• Loitering-system research and development

The organisation’s approach treats an unmanned platform as an integrated system combining:

Airframe + Avionics + Communications + Software + Autonomy + Mission Systems + Manufacturing

The objective is to establish a scalable family of unmanned platforms for appropriate civilian, industrial and defence applications, subject to regulatory and defence-sector requirements.

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Advanced Stealth and Autonomous UAV Development

Swarna Aditya’s longer-term UAV roadmap includes research into advanced low-observable and autonomous unmanned-aircraft concepts.

The technology areas include:

• Advanced aerodynamic configurations

• Signature-management concepts

• Autonomous flight

• Mission-system integration

• Intelligent avionics

• Sensor integration

• Secure communications

• Modular payload architectures

• Digital engineering and simulation

These programmes are positioned as future technology-development activities rather than representations of completed operational systems.

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Loitering and Autonomous Defence Systems

The company’s strategic portfolio also identifies loitering-system and autonomous defence technology as an area of research and development.

The company’s development philosophy focuses on:

• Autonomous navigation

• Mission management

• Sensor integration

• Communications

• Flight-control systems

• Human-machine interfaces

• Mission-data processing

• Controlled autonomous operation

The company may use the term KAMAKAJI in its internal or programme nomenclature for certain loitering/autonomous concepts.

Specific operational capabilities, specifications and deployment details would remain subject to appropriate authorisation and programme requirements.

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Guided and Supersonic Defence Programmes

Swarna Aditya’s strategic defence roadmap also identifies future development interests in guided and high-speed defence systems, including programmes referred to in company materials under names such as PARASHURAM.

The company’s broader objective is to establish engineering and manufacturing capabilities applicable to advanced defence technologies.

Where such programmes involve regulated weapons or military systems, development, testing, production and deployment are necessarily subject to applicable Indian defence regulations, government approvals, safety requirements and customer authorisation.

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Advanced Defence and Aerospace Systems

The company’s future-facing defence architecture is intended to combine:

Advanced Materials + Manufacturing + Electronics + Software + Autonomy + Aerospace Engineering

This provides a potential foundation for participation in multiple categories of strategic technology without defining the organisation solely around one platform.

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Human-Spaceflight and Crew-Capsule Research

Swarna Aditya’s longer-term aerospace vision also includes human-spaceflight technology studies, including research into future crew-capsule and human-rated aerospace systems.

Potential technology domains include:

• Crew-module architecture

• Environmental-control concepts

• Thermal protection

• Structural systems

• Recovery systems

• Avionics

• Mission simulation

• Human-rated systems engineering

Human-spaceflight development represents a longer-term research direction and would require extensive qualification, human-rating standards, safety validation and appropriate government and regulatory authorisation before any crewed mission.

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Rare-Earth and Strategic Mineral Resources

Swarna Aditya’s industrial strategy also includes interests in rare-earth minerals and strategic mineral resources.

The objective is to explore an integrated relationship between resource development and advanced manufacturing.

The long-term industrial model is:

Resource Development → Mineral Processing → Materials → Components → Advanced Manufacturing

Strategic-mineral activities are subject to applicable mining, environmental, land-use, mineral-processing and governmental approvals.

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Advanced Materials and Metallurgy

Materials engineering represents an important foundation of the Swarna Aditya industrial model.

The company’s broader activities and development interests include:

• Aluminium processing

• Copper processing

• Industrial alloys

• Metallic components

• Advanced manufacturing materials

• Aerospace materials

• Defence-oriented materials

• Recycling and material recovery

• Strategic mineral processing

The objective is to strengthen domestic materials capability and connect it with higher-value aerospace and defence manufacturing.

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Precious-Metal and Refining Heritage

Swarna Aditya’s historical corporate identity is rooted in metals, refining and resource-related activities.

Its earlier business activities and stated capabilities have included areas associated with:

• Gold refining

• Silver refining

• Precious-metal recovery

• Recycling

• Metal processing

• Resource development

This industrial heritage provides experience in process control, material handling, metallurgy and industrial operations as the company expands into advanced engineering sectors.

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Strategic Manufacturing Infrastructure

Swarna Aditya’s long-term industrial strategy is based on establishing high-reliability manufacturing infrastructure capable of supporting both development programmes and scalable production.

The planned manufacturing ecosystem includes:

• Precision fabrication

• Aerospace structural manufacturing

• Defence manufacturing

• Industrial machining

• Assembly and integration

• Materials processing

• Prototype manufacturing

• Qualification support

• Serial production

• Inspection and testing

• Configuration and traceability systems

The objective is to establish a direct connection between:

Design → Engineering → Manufacturing → Inspection → Validation → Production

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Aerospace and Defence Quality Framework

Swarna Aditya is developing its aerospace and defence activities around recognised quality and manufacturing disciplines.

Its stated framework includes:

• AS9100D-oriented aerospace quality systems

• DRDO SAMAR-aligned manufacturing methodology

• SAMAR Level 2 capability/certification where applicable

• Applicable MIL-standard engineering practices

• Configuration management

• Quality assurance

• Process control

• Inspection and traceability

• Verification and validation

• Qualification testing

The purpose is to establish a manufacturing culture capable of meeting demanding requirements for aerospace and defence programmes.

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Integrated Industrial Model

The company’s long-term industrial architecture can be represented as:

Strategic Resources

↓

Materials & Metallurgy

↓

Precision Manufacturing

↓

Engineering & Simulation

↓

Autonomous Systems

↓

Aerospace & Defence Systems

↓

Space & Launch Technologies

This model reflects the company’s ambition to develop industrial depth rather than operate solely as a product assembler.

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Development Roadmap

Phase I — Industrial Foundation

Development of:

• Advanced manufacturing infrastructure

• Materials and metallurgical capabilities

• Aerospace fabrication

• Defence manufacturing

• Quality systems

• Testing and inspection infrastructure

Phase II — Autonomous Systems

Expansion into:

• UAV development

• VTOL platforms

• Autonomous mission systems

• AI-enabled technologies

• Advanced avionics

• Mission-system integration

Phase III — Suborbital Aerospace

Development of:

• ARUNA AARAMBHAM TDV-1

• 10-km-class technology demonstrations

• Higher-altitude suborbital systems

• 200-km-class research missions

• 50-kg-class payload capability

• Payload integration systems

Phase IV — Orbital Capability

Longer-term development of:

• ARUNA-1

• 500-km-class LEO missions

• Approximately 500-kg-class target payload

• Launch-system manufacturing

• Propulsion qualification

• Integrated launch infrastructure

Phase V — Strategic Aerospace and Defence Ecosystem

Future areas include:

• Advanced UAV systems

• Autonomous technologies

• Strategic defence manufacturing

• Advanced aerospace systems

• Human-spaceflight technology studies

• Strategic materials

• Rare-earth resources

• High-reliability manufacturing

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Strategic Positioning

Swarna Aditya operates at the intersection of several strategic industrial sectors:

Aerospace

Space

Defence

Autonomous Systems

Advanced Materials

Strategic Minerals

Precision Manufacturing

The company seeks to develop these sectors as interconnected industrial capabilities, rather than isolated business divisions.

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Indigenous Manufacturing and Technology Development

A central theme of Swarna Aditya’s strategy is strengthening indigenous industrial capability within India.

The company’s priorities include:

• Domestic manufacturing

• Indigenous engineering

• Technology development

• Skilled employment

• Advanced industrial infrastructure

• Supply-chain development

• Aerospace and defence capability

• Strategic self-reliance

The organisation views manufacturing depth as an essential foundation for sustainable technological development.

Its philosophy can be summarised as:

“Technology creates capability. Engineering creates strength. Manufacturing creates independence.”

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Leadership

Dr. Raghavendra Gowda

Founder • Chairman • Managing Director

Dr. Raghavendra Gowda provides strategic leadership for the company’s industrial and technology roadmap.

His areas of strategic responsibility include:

• Corporate strategy

• Industrial development

• Aerospace direction

• Defence-sector expansion

• Autonomous-systems strategy

• Indigenous technology development

• Manufacturing ecosystem development

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Harishree Mehta

Co-Promoter • Founder • Group CEO • Joint Managing Director

Harishree Mehta is associated with corporate strategy, organisational development, partnerships, infrastructure expansion and business growth across the Swarna Aditya enterprise.

Her professional background includes business journalism and financial-market broadcasting, followed by corporate and entrepreneurial leadership.

She is also associated with the leadership of Vertotech Aerospace Limited, connecting the wider group’s industrial strategy with aerospace and space-technology development.

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Mr. Jayakumar B

Managing Director — Space Launch Vehicle Programmes

Jayakumar B contributes aerospace and launch-vehicle experience to the company’s space programme.

His stated areas of experience include:

• Launch-vehicle systems

• Aerospace engineering

• Mission operations

• Systems integration

• Indian launch-vehicle programmes

His role is associated particularly with the company’s ARUNA launch-vehicle roadmap.

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Dr. Sharda Arora

Director

Dr. Sharda Arora contributes to:

• Corporate governance

• Organisational development

• Quality-oriented systems

• Institutional support

• Infrastructure development

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Subhash B. Borkar

Director — Strategic Defence & Armament Advisor

Subhash B. Borkar is described in company materials as a former defence scientist associated with India’s defence research and development ecosystem.

His areas of experience include:

• Defence engineering

• Armament technologies

• Defence manufacturing

• Strategic engineering

• Defence-production ecosystems

His role supports the company’s strategic defence-manufacturing direction.

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Harishree Mehta — Leadership Profile

Harishree Mehta’s professional career spans business journalism, financial markets, corporate strategy and industrial entrepreneurship.

Before entering corporate leadership, she worked in Indian television journalism, including business and financial-market programming.

Her professional associations included:

• CNBC-TV18

• TIMES NOW

• Doordarshan

Her broadcasting career covered business, financial markets, economic developments and corporate affairs.

She subsequently transitioned into corporate and entrepreneurial leadership, becoming associated with Swarna Aditya’s expansion into industrial manufacturing, aerospace, defence and strategic technologies.

Her current role combines corporate strategy, business development, institutional relationships and organisational growth.

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From Resources to Strategic Technology

Swarna Aditya’s transformation can be represented as:

Resources & Metals

↓

Refining & Material Processing

↓

Advanced Materials

↓

Precision Manufacturing

↓

Defence Manufacturing

↓

Autonomous Systems

↓

Aerospace Engineering

↓

Space & Launch Systems

This progression represents the company’s ambition to move progressively toward higher-value engineering and strategically significant industrial sectors.

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Future Outlook

Swarna Aditya’s long-term development strategy is centred on building an integrated Indian industrial enterprise capable of participating in increasingly complex aerospace, defence and space programmes.

Principal future-facing areas include:

• ARUNA AARAMBHAM TDV-1 — 10-km-class suborbital technology demonstration

• 200-km-class suborbital research programme

• 50-kg-class suborbital payload capability

• ARUNA-1 orbital launch vehicle

• 500-km-class LEO missions

• Approximately 500-kg-class orbital payload target

• LOX and solid-propulsion test infrastructure

• Aerospace manufacturing

• Defence manufacturing

• 155-mm-class empty-shell manufacturing

• Unmanned aerial systems

• Autonomous technologies

• Advanced UAV and stealth-platform research

• Loitering/autonomous-system research

• Guided and high-speed defence technology programmes

• Human-spaceflight technology studies

• Strategic mineral and rare-earth activities

• Advanced materials

• Precision manufacturing

These programmes represent a development roadmap, not a statement that every programme has already reached operational or production status. Their progression depends upon engineering maturity, financing, manufacturing readiness, testing, qualification and applicable regulatory and government approvals.

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Company Philosophy

Swarna Aditya’s strategic philosophy is based on the belief that advanced technology requires a corresponding industrial base.

The company therefore emphasises:

Engineering Excellence

Manufacturing Depth

Quality & Reliability

Indigenous Capability

Scalability

Strategic Self-Reliance

Its broader ambition is not simply to manufacture individual products, but to establish an industrial platform capable of supporting increasingly complex programmes.

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The Swarna Aditya Industrial Journey

The company’s strategic journey can be summarised as:

From Resources to Materials.

From Materials to Manufacturing.

From Manufacturing to Engineering.

From Engineering to Aerospace and Defence Systems.

From Systems to Space Capability.

This progression reflects an ambition to build a deeper Indian industrial ecosystem connecting resources, materials, engineering, manufacturing, autonomous technologies, aerospace, defence and space.

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Profile at a Glance

Category — Profile

Brand: Swarna Aditya
Legal Entity: Swarna Aditya Gold Refinery & Resources Private Limited
Country: India
Primary Sectors: Aerospace, Space, Defence, Autonomous Systems, Advanced Materials, Strategic Manufacturing & Strategic Minerals
Launch-Vehicle Family: ARUNA
First Planned Flight: ARUNA AARAMBHAM TDV-1
Initial Mission: Approximately 10-km suborbital CanSat technology demonstration
Target First Launch: November 2026
Next-Generation Suborbital Target: Approximately 200 km / 50-kg-class payload
Target Period: 2027
Orbital Programme: ARUNA-1
Orbital Target: Approximately 500-km-class LEO / 500-kg-class payload
Target Period: Toward 2028
Propulsion Infrastructure: Proposed LOX and solid-propulsion test facilities, South Goa
Defence Manufacturing: 155-mm-class empty-shell manufacturing
Stated Capacity: Approximately 200,000 units/year
Autonomous Technologies: UAVs, autonomous mission systems and related platforms
Strategic Technologies: Advanced aerospace, defence and autonomous systems
Materials: Metallurgy, copper, aluminium, advanced materials and strategic minerals
Quality Orientation: AS9100D-oriented aerospace systems / SAMAR-aligned manufacturing
SAMAR: Level 2 certification/alignment as applicable

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Strategic Vision

Swarna Aditya’s long-term vision is to create an integrated Indian industrial platform connecting:

Resources

↓

Materials

↓

Manufacturing

↓

Engineering

↓

Autonomous Technologies

↓

Aerospace & Defence

↓

Space Systems

The company’s ambition is to build industrial capability behind the technologies, rather than simply assembling individual products.

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✦ SWARNA ADITYA ✦

Aerospace • Defence • Space • Autonomous Systems • Advanced Materials • Strategic Manufacturing

“Building beyond products. Building technology. Building manufacturing depth. Building national capability.”