Industrialists Yohan and Michelle Poonawalla have made a strategic investment in Optimized Solutions (OSL), a technology company operating across defence, aerospace, space and other critical technology sectors.
The investment marks the Poonawallas’ entry into India’s defence technology sector and is expected to support OSL’s expansion in indigenous technology development, research and development (R&D) and advanced manufacturing.
OSL specialises in strategic electronics and deep-tech applications for strategic and commercial organisations. The company has worked with the Indian Space Research Organisation (ISRO) on programmes including the Mars Orbiter Mission, or Mangalyaan, and Chandrayaan missions. It has also undertaken projects with multiple Defence Research and Development Organisation (DRDO) laboratories and worked on the indigenisation of subsystems for the Indian Army and Air Force.
The company is also expanding its capabilities in space technology. OSL Founder and Managing Director Sandeep Shah said the company is working towards developing complete satellite platforms in India as it expands from strategic electronics into integrated deep-tech and space technology.
Yohan Poonawalla, Chairman of Poonawalla Group, said the investment will support the development of indigenous technologies and advanced engineering capabilities in India’s defence sector. He also highlighted the role of private enterprise in building long-term capabilities in the sector.
For OSL, the investment is expected to provide additional capital and strategic support as the company expands its R&D, manufacturing and space technology activities. The company said the investment forms part of its next growth phase, with a focus on developing and deploying technologies in strategically important areas.