On February 10, 2025, the Maharashtra Defence and Aerospace Venture Fund (MDAVF), managed by IDBI Capital Markets, announced successful exits from two portfolio companies: Cyronics Innovation Labs Private Limited (CILPL) and JSR Dynamics Private Limited, realizing ₹14.46 crores and ₹59.15 crores respectively. Fund Manager Mr. Amey Belorkar emphasized the fund’s role in enhancing India’s self-reliance in defence and aerospace through strategic investments in high-potential ventures. MDAVF has invested approximately ₹406 crore in 22 MSMEs, achieving around ₹281 crore in divestment proceeds and notable internal rates of return, reflecting its effective investment strategy.