The Maharashtra Defence and Aerospace Venture Fund (MDAVF), managed by IDBI Capital Markets & Securities Ltd, recently completed successful exits from two portfolio companies, Cyronics Innovation Labs and JSR Dynamics, yielding ₹14.46 crores and ₹59.15 crores, respectively. MDAVF, a SEBI-registered fund focused on the defence and aerospace sectors, has invested approximately ₹406 crore in 22 MSMEs and executed exits from 12 companies, generating around ₹281 crore in divestment proceeds. The fund aims to support India’s self-reliance in these industries, fostering technological advancements and enhancing indigenous capabilities to contribute to the defence ecosystem.