Companies building for space — satellites, launch systems, ground infrastructure — tiered by how much of the business it actually is.
BDL's Business Diversification Matrix lists 'Specialised Warhead Manufacturing & Space Application Components' as a planned new vertical under its FY 2026-27 expansion, with no current revenue yet.
“Specialised Warhead Manufacturing & Space Application Components.”
Sansera's strategic investment in MMRFIC provides exposure to developing radar and space programmes.
“Our strategic investment in MMRFIC progressed further this year, offering meaningful exposure to deep-technology radar and space programmes being developed under the Make in India initiative.”
Avalon completed prototypes for satellite communication control units in FY2026, with volume orders expected from FY2027.
“We also completed prototypes for satellite communication control units, with volume orders expected to commence in FY2027”
A Space Division has been formalised as one of four post-balance-sheet growth Platforms targeting satellite-bus manufacturing and payload integration, but no FY2026 revenue is reported.
“The Space division can apply aerospace and defence capabilities to satellite-bus manufacturing, payload integration and related systems.”
“Space has no contribution to FY2026 revenue. It remains an emerging Platform in which commercial participation is linked to partner agreements, customer programmes, authorisation, qualification and investment gates.”
Proposed new object clause (subject to AGM approval) enables manufacturing of components for Space Research & Exploration as part of an expanded Defence and Space sector business scope.
“Components used in Defence and Space sector for applications such as Rocket & Missile, Electronic warfare & surveillance, Battle tanks & armoured vehicles, other Land systems, Arms & ammunitions, Naval systems, Space Research & Exploration, Drones & Counter UAVs etc.”
Through the announced 40% stake in HAL-Edgewood Technologies, VLEG gains exposure to HETL's satellite-technology initiatives alongside its aviation and defence work.
“The company is advancing initiatives in chip-level encryption and digital design, reinforcing its commitment to innovation in high-value sectors such as aviation, satellite technology, and defence applications.”
Proposed alteration of objects clause lists Space Research & Exploration as one of the applications and 'Space' alongside Defence and Aerospace in the intended business scope.
“technologies required for Defence, Space, Aerospace and allied industry, and to act as drone specialists, counsellors, advisors, programmers”
Definition used: Builds or operates satellites, launch vehicles, ground stations or space-grade components; supplies ISRO/commercial space programmes. Membership is extracted from each company’s newest annual report; every quote is validated against the report page before publishing, and core/growing tiers are confirmed by a second independent read (marked ). Companies whose reports our corpus hasn’t read yet simply aren’t listed — absence means unread, not “no exposure”.
MarketPing publishes facts, filings and measured history only — nothing on this page is investment advice, a recommendation or a rating.
