Safran India: Safran’s unit in India expects its revenue to rise by nearly 70% in 2025 due to its work in defence and space. This growth is mainly driven by the company’s involvement in India’s Gaganyaan human spaceflight mission and the increasing number of private sector contracts.
Safran, a major jet engine manufacturer based in Paris, is one of the largest aerospace suppliers globally. It has teamed up with Airbus to develop the Ariane 6 rocket but is now diversifying its supply chains because of political instability in Europe.
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Jetendra Gavankar, head of Safran India, told Reuters. “The biggest market in aerospace is still the US, but also Oceania/Asia and within that, India is growing in its share for the space sector rapidly.”
2 years ago, Safran acquired Captronics Systems in Bengaluru to form Safran Data Systems India (SDSI), aiming to tap into India’s growing aerospace and defence sectors. This move is aligned with the Indian government’s push to increase private-sector participation in these areas.
According to Deccan Herald, SDSI has been involved with India’s moon mission and also helped develop a new small satellite launch rocket for the Indian Space Research Organisation (ISRO). SDSI right now contributes to about 10% of Safran’s global space revenue, and this is expected to grow to 20% in the next two to three years, according to Noel Ballot, EVP of sales and marketing.
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Safran’s space unit focuses on designing simulation systems for mission testing, verifying rocket and spacecraft components, and conducting launch testing. The company predicts that its total revenue from this sector will jump from Rs 30 crore (about $3.47 million) in 2024 to Rs 80 crore (around $9.24 million) in 2025. This growth is partly attributed to India’s “Make In India” initiative, which has helped Safran secure more private and government contracts.
Despite these promising developments, the global company provided a weaker-than-expected forecast for the next four years in December. Safran also plans to shift some of its European manufacturing to India as it works more closely with ISRO on the Gaganyaan mission and collaborates with new space tech startups in India.
