Synopsis: A defence subsidiary secures a landmark 10-year manufacturing contract with a government enterprise to set up an Electronic Warfare equipment facility under the Make in India initiative.
India’s push for defence self-reliance is gaining ground as a Gujarat-based technology company’s defence arm inks a long-term agreement with a central government enterprise. The deal marks an entry into strategic Electronic Warfare manufacturing, reinforcing the domestic defence production agenda under government-backed policy frameworks.
Shares of Sahana Systems Limited, with a market capitalization of Rs.726 crore, are trading at a price of Rs.847 i.e. 10% up from its previous closing price of Rs.769.85. It is trading at a P/E ratio of 9.10.
Sahana Defence Bags Long-Term EW Manufacturing Deal with Central Electronics Limited
Sahana Defence Limited, a subsidiary of Sahana System Limited, has signed a long-term contract with Central Electronics Limited (CEL), a Mini Ratna Public Sector Enterprise under the Department of Scientific and Industrial Research (DSIR), Government of India. The agreement involves establishing and operating an Electronic Warfare (EW) Equipment and Weapon Periphery Manufacturing Facility at CEL’s premises in Sahibabad, Uttar Pradesh.
The contract was awarded under the Government’s Make in India initiative, aimed at strengthening indigenous defence manufacturing and driving self-reliance in strategic technologies. Under the terms, Sahana Defence will be responsible for setting up, operating, maintaining, marketing, and commercialising products from the EW and Weapon Periphery Manufacturing Facility. The scope covers the full lifecycle of the facility – from commissioning to commercialisation of mission-critical defence solutions.
The contract carries an initial tenure of 10 years, with an option to extend by an additional 5 years, subject to satisfactory performance and statutory compliance. This long-term structure provides the company with strong revenue visibility and a stable platform for scaling its defence business. According to the management, the deal offers a unique opportunity to leverage CEL’s established infrastructure while building a dedicated manufacturing base for Electronic Warfare equipment and weapon peripheral systems.
On the financial front, Sahana System Limited has posted strong growth over the past year. Revenue rose from Rs. 167 crore in FY25 to Rs. 331 crore in FY26, nearly doubling year-on-year. Operating profit climbed from Rs. 56 crore to Rs. 100 crore, while operating margins stood at 30% in FY26. Net profit for FY26 came in at Rs. 75 crore, up from Rs. 39 crore in FY25, with EPS rising from Rs. 40.14 to Rs. 76.80 during the same period.
About the Company:
Sahana System Limited, established in 2013 and headquartered in Ahmedabad, Gujarat, is a CMMI Maturity Level 5 and ISO-certified technology company. It operates across Defencetech, Fintech, Healthtech, Edutech, and Master System Integration, with expertise in AI, IoT, Blockchain, and IT outsourcing.
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