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Solar Industries, Apollo Micro Systems, Paras Defence: Private defence stocks in focus – what DRDO said

Swati Verma
By Swati Verma

2 min read | Updated on April 16, 2026, 08:28 IST

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SUMMARY

Defence stocks in focus: Director General (Missiles and Strategic Systems) at DRDO, Ummalaneni Raja Babu, says, "We are working on a concept called the Development cum Production Partner (DCPP) model, where we are handing over the entire missile production to the private companies." That way, private companies work very closely with DRDO in making all the systems."

Stock list

SOLARINDS
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APOLLO
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PARAS
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Private defence stocks in focus, April 16

Private defence stocks in focus, April 16

Defence stocks: Solar Industries India, Paras Defence & Space Technologies, MTAR Technologies, Apollo Micro Systems, and Premier Explosives, among others, are expected to take centre stage on Thursday, April 16, following a statement by a DRDO official.
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Director General (Missiles and Strategic Systems) at DRDO, Ummalaneni Raja Babu, says, "We are working on a concept called the Development cum Production Partner (DCPP) model, where we are handing over the entire missile production to the private companies." That way, private companies work very closely with DRDO in making all the systems."

According to news agency ANI, Babu stated that technologies are rapidly evolving, with the DRDO and other institutions, including the CSIR, actively working on new developments. He noted that DRDO has consistently encouraged private sector participation, adding that most of the systems being developed today are being manufactured by private players. Earlier, these companies were primarily involved as subsystem or system manufacturers, Babu added.

According to news reports and available information, here are some key private defence companies in India (listed) involved in missile production and related systems (either directly manufacturing, supplying subsystems, or partnering with DRDO):

Major Private Players

Bharat Forge: Active in artillery and missile components; part of the indigenous defence manufacturing push.
Larsen & Toubro: A key private partner in missile launchers, canisters, and naval missile systems.
Adani Defence & Aerospace: Expanding into missile systems, UAVs, and ammunition manufacturing.

Adani Defence & Aerospace is a key subsidiary of Adani Enterprises Ltd.

Solar Industries India: Through its defence arm, it is involved in propellants and warhead-related components.
Paras Defence and Space Technologies: The company supplies critical optics and electronics used in missile systems.
Apollo Micro Systems: It provides electronic and control systems used in missile programmes.

Emerging / Specialised Players

Data Patterns India: Works on radar, avionics, and missile guidance-related electronics.
MTAR Technologies: Supplies precision components used in missile and space systems.
Centum Electronics: Provides electronic subsystems for missile and aerospace applications.
Disclaimer: This article is purely for informational purposes and should not be considered investment advice from Upstox. Please consult with a financial advisor before making any investment decisions.

About The Author

Swati Verma
Swati Verma is a business journalist with over 11 years of experience. She writes on equities, corporate earnings, sectoral trends, and industry outlook, among others. At Upstox, she leads financial markets coverage.

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