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Florintree Capital exits Data Patterns, sells entire stake for Rs 1,102 cr | Company News

Florintree Capital exits Data Patterns, sells entire stake for Rs 1,102 cr | Company News
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Blackstone: Ex Blackstone MD's fund buys into defence supplier Data Patterns

Data Patterns, a home grown Defence & Aerospace Electronics Systems Company, develops systems for land, sea, air and space platforms.
Established in 1985 by S. Rangarajan, Rs 200 crore Data Patterns has a workforce of over 700, currently.
Data Patterns has domain expertise in development and designing of radars, communication, avionics, fire control systems, missile electronics, naval systems and satellite systems for predominantly Indian Defence and Space establishments and exports to the United Kingdom, South Korea and Europe.
The company’s client list includes DRDO, MoD, BEL,
HAL, ECIL and ISRO. Data Patterns has a dedicated research, design and manufacturing facility in Chennai.
With Government of India’s emphasis on increasing local sourcing of defence equipment and components, the domestic supply eco-system is set to benefit from significant opportunity in the next few years.

Mumbai , Maharashtra , India , United-kingdom , South-korea , Chennai , Tamil-nadu , Mathew-cyriac , Data-patterns-india-private , Oman-india-joint-investment-fund , Blackstone-group , Defence-aerospace-electronics-systems-company