TASL Acquires Majority Stake In Aurora Integrated Systems
Tata Sons subsidiary – Tata Advanced Systems Limited has acquired majority stake in Aurora Integrated Systems Limited.
PXV Law Partners advised AIS while AZB & Partners assisted the in-house legal team of TASL.
AIS develops indigenous technology, manufacturing and integrating state-of-the-art airborne systems with a focus on small Unmanned Aerial Systems.
The company was started by a team of seven graduates from IIT Kanpur involved in developing and manufacturing Unmanned Aerial Vehicles (UAV) for civil and defense markets. The competencies of AIS encompass Embedded Systems Development, Computer Vision Solutions, Aircraft Design, Network Solutions and Guidance & Control.
AIS is the first company developing UAV technology in India without foreign assistance allowing it to pass on the economic benefits to the consumers.
