DCX Systems Ltd has entered into a non-binding Memorandum of Understanding (MoU) with the Government of Tamil Nadu to set up a new manufacturing facility at Hosur. The agreement was signed during the Tamil Nadu Rising Investment Conclave, in the presence of Chief Minister M K Stalin.
The upcoming facility will be located in one of India’s Defence Industrial Corridors and aligns with the Tamil Nadu Industrial Policy 2021 and the Aerospace and Defence Industrial Policy 2022.
Joint Venture with ELTA Systems
The project will be executed through a joint venture company formed between DCX Systems and ELTA Systems Ltd, Israel, along with its group companies. The partnership, announced in April 2025, focuses on the Government of India’s Make in India initiative.
The Hosur plant will produce Airborne Maritime Radar Systems, Fire Control Radar Systems, and other radar technologies designed for both airborne and land-based applications.
Government Support
The state’s nodal agency, Guidance, will provide infrastructural support and regulatory facilitation for the joint venture. This includes assistance in securing permissions, approvals, and incentives, ensuring smoother operations as the new plant takes shape.
About DCX Systems
Founded in 2011, DCX Systems Ltd is a Bengaluru-based company engaged in system integration, cable and wire harness manufacturing, and kitting. It is a recognized Indian Offset Partner (IOP) for global aerospace and defence companies and maintains strong ties with Israel Aerospace Industries (IAI Group) and ELTA Systems.
The company serves clients across Israel, the United States, Korea, and India, catering to defence players, multinational corporations, and startups.
As of June 30, 2025, DCX Systems reported an order book of Rs 2,697 crore and holds a market capitalization of Rs 3,254 crore. Its stock has risen over 40 percent from its 52-week low of Rs 200 per share.
