Business · Companies · 1 hr ago
Blackstone in talks to invest $400 million to $500 million in Accord
Blackstone is discussing a $400 million to $500 million investment in Accord Software Systems, a Bengaluru-based company.
The talks concern a minority stake, reported as 17% to 20%, though the stake could rise as high as 49% depending on how negotiations progress.
Founded in 1991, Accord makes satellite navigation equipment and electronic systems for defence and space programmes.
Its products help aircraft, satellites and military vehicles determine their location and navigate.
The proposed investment reflects growing interest in India's defence and aerospace technology sector, as the government seeks more domestic production and less reliance on imports.
If completed, the funding could help Accord expand into new areas and take products to global markets; the talks are ongoing.
Blackstone is in talks to invest $400 million to $500 million in Bengaluru-based defence and avionics technology company Accord Software Systems.
The proposed investment would buy a significant minority stake, with one source putting the possible share at 17% to 20%.
Accord develops and makes satellite navigation devices, specialised computer chips and electronic systems for defence and space programmes.
Three people with direct knowledge of the matter told Mint about the talks, while Blackstone declined to comment.
- Who
- Blackstone and Accord Software Systems Pvt Ltd. Three people with direct knowledge of the matter told Mint about the talks.
- What
- Blackstone is discussing an investment of $400 million to $500 million for a significant minority stake in Accord.
- When
- The talks were reported on 14 October 2026.
- Where
- Accord is based in Bengaluru, India.
- Why
- The investment is described as growth capital. One source said it could help Accord diversify into newer areas and take its products to global markets.
This story does not have two clearly opposing sides.
Accord was founded by five engineers with experience in avionics and real-time embedded systems.
Crisil said Accord had turnover of around ₹234.52 crore in fiscal year 2025 and was expected to grow by more than 30% in fiscal year 2026.
Mint reported that Blackstone was in talks to invest $400 million to $500 million in Accord.
- Proposed investment
- $400 million to $500 million
- Potential stake
- 17% to 20%; one source said it could reach 49% depending on the talks
- Company headquarters
- Bengaluru
- Company founded
- 1991
- FY25 turnover
- Around ₹234.52 crore, according to a September 2025 Crisil rating note
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What people are saying
Blackstone is in talks to pump growth capital into the company for a significant minority stake,
There is a growing interest among large private equity firms to invest in defence, aerospace and manufacturing technology companies,
The deal can go up to 49% depending on how the talks progress,
The primary capital will help the company diversify into newer areas. Taking its products at a global stage too will be one of the aspirations,