Offset Work Drives Growth at Maini
Maini Global Aerospace (MGA), the Bangalore-based design and manufacturing company, is looking for opportunities provided by Indian defense offsets that will help fuel its aggressive expansion plan. It expects to boost annual revenue from approximately $60 million to about $100 million by 2015.
The company’s client list already includes Snecma, Eaton, Magellan, Parker, Avio, GE, MTU, HAL and Hamilton Sundstrand. The MGA strategy is to grow up the value chain in aerospace parts manufacturing in areas such as aerostructures, precision and aero-engine parts and aircraft systems, according to CEO Naresh Palta. MGA has started supplying offset programs and recently began manufacturing mechanical parts for space applications.