Walchandnagar Industries Limited (WIL), a leader in high-precision engineering with a legacy spanning over 115 years, has announced a strategic acquisition of a 60.3% stake in AiCitta Intelligent Technology Pvt. Ltd. This move marks WIL’s foray into cutting-edge Unmanned Ground Vehicles (UGVs) for defense applications.
AiCitta specializes in R&D and manufacturing of UGVs, a technology that has proven crucial in modern warfare. With this acquisition, AiCitta will become a wholly owned subsidiary of WIL, further strengthening its position in next-generation defense solutions.
WIL’s MD and CEO, Chirag Doshi, commented, “This deal marks an important inflection point in our journey in serving India’s defence needs through our enhanced capabilities. This acquisition opens up new avenues for growth through next-gen defence technology development and a platform to create our own intellectual property (IP). The AiCitta deal signals our openness to adopting an inorganic growth approach in highgrowth industries. Aicitta Technologies has already received a Project Sanction Order (PSO) with an opportunity size of close to Rs 1400 crores. We will have two working prototypes of the product ready for the trials in the coming 46 weeks”
