Companies building for space — satellites, launch systems, ground infrastructure — tiered by how much of the business it actually is.
Core — the theme IS a principal business todayGrowing — real operations, not yet the main businessAnnounced — committed plans or orders, little revenue yetMention-only — appears only as outlook language
WiproComputers - Software & ConsultingMention-only₹1.90 L CrP/E 14.3 vs 19.5ROCE 17.1%
Space technology is listed as one of five frontier technology themes of Wipro's Innovation Network, with no specific operations described.
“With a strategic focus on five frontier technology themes, i.e. Fully autonomous agentic AI, Distributed ledger technology, Embodied AI, Quantum computing and Space tech”
Jindal StainlessIron & SteelMention-only₹57,759 CrP/E 17.3 vs 16.6ROCE 15.8%
Space is listed as one of several end-markets served with stainless steel grades; no specific space-programme contracts or products are described.
“The Company manufactures over 120 stainless steel grades, serving sectors such as transportation, infrastructure, defence, nuclear energy, and space”
Kaynes Technology IndIndustrial ProductsMention-only₹26,077 CrP/E 71.3 vs 23.8ROCE 9.8%
Space/aerospace appears as a small revenue category served through electronics assemblies; Kaynes is not a satellite or launch-vehicle builder.
“Aerospace, Outer-space, and Strategic Electronics 1%”
Astra MicrowaveAerospace & DefenseMention-only₹15,780 CrP/E 51.6 vs 60.3ROCE 17.2%
Space is referenced only as a downstream application for Astra's telemetry and EW subsystems, not as a core or growing business in satellites/launch vehicles.
“Satellite communication system”
How this list is built
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”.
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