Zen Technologies has approved an investment of up to ₹7 crore to acquire a 76% stake in Anawave Systems & Solutions Private Limited (ASSPL). The acquisition will enhance Zen Technologies’ product portfolio in defence simulation, adding advanced tactical and combat training simulation technologies tailored for naval forces. The acquisition is expected to be completed by March 2026.
Strategic Acquisition Announcement
Zen Technologies announced on November 05, 2025, its plan to acquire a significant stake in Anawave Systems & Solutions Private Limited (ASSPL). The Board of Directors has approved an investment of up to ₹7 crore for this acquisition.
Details of the Acquisition
Zen Technologies will acquire a 76% equity stake in ASSPL. The acquisition will be executed through a combination of acquiring and/or subscribing to equity shares of ASSPL. Upon completion, ASSPL will become a subsidiary of Zen Technologies.
Rationale Behind the Acquisition
This acquisition is intended to enhance Zen Technologies’ product portfolio in the defence simulation sector. Specifically, it will add advanced tactical and combat training simulation technologies designed for naval applications. Zen believes this complements and strengthens its existing capabilities in both land and naval simulation solutions, broadening its offerings for integrated defence training.
About Anawave Systems & Solutions (ASSPL)
ASSPL, incorporated on September 09, 2016, specializes in designing and implementing realistic scenario-based training systems. They integrate advanced analytics and ensure compatibility with existing naval command and control systems. ASSPL aims to support navies worldwide in achieving the highest levels of operational performance.
ASSPL’s turnover for the last three financial years:
- FY 2022-23: ₹0.51 crore
- FY 2023-24: ₹1.67 crore
- FY 2024-25: ₹2.60 crore
Expected Completion
The acquisition is anticipated to be completed by March 2026, pending regulatory approvals and customary closing conditions.
Source: BSE
