- Maharashtra Defence and Aerospace Venture Fund (MDAVF) managed by IDBI Capital Markets & Securities Ltd.
- An innovative sensor-less, chemical-free, embedded material system that autonomously neutralizes explosion risks even under extreme conditions
- Technology that passively prevent explosions across fuel systems
In a landmark move to enhance India’s defence resilience and infrastructure safety, the Maharashtra Defence and Aerospace Venture Fund (MDAVF) has invested in and partnered with Atom Alloys India Pvt Ltd, a deep-tech pioneer that has developed a disruptive, patented solution for Drone, Fire, and Explosion-Resistant Fuel Storage and Transportation.
Atom Alloys was recently honoured with the National Start-up Award by the Government of India in the Deep Tech – Safety & Security category, reinforcing its status as a nationally recognised innovator in infrastructure protection.
The strategic investment, facilitated by IDBI Capital Markets & Securities Ltd, investment manager to MDAVF, marks a pioneering effort by the Indian government to back technologies that passively prevent explosions across fuel systems, including LPG tanks, diesel tankers, petrol reservoirs, and renewable fuel containers.
At the heart of Atom Alloys’ innovation is a sensor-less, chemical-free, embedded material system that autonomously neutralizes explosion risks even under extreme conditions. This next-generation safety technology has been rigorously validated across military and commercial platforms, demonstrating its ability to prevent explosions following projectile impact, sabotage, or catastrophic failure.
Amey Belorkar, Senior Vice President, IDBI Capital Markets & Securities Ltd., speaking about the investment said, “Atom Alloys is advancing a critical frontier in infrastructure protection, and at IDBI Capital, we see this as more than an investment; it’s a strategic commitment to safeguarding the lifelines of national security. Their award-winning, passive explosion-resistant technology represents exactly the kind of deep-tech innovation India must champion to lead in energy and defence safety. We are proud to facilitate this partnership through MDAVF and support a company redefining the future of fuel resilience.”
A senior analyst from a national defence think tank, speaking about Atom Alloy’s technology said, “This technology doesn’t just put out fires, it stops explosions from ever happening, even during high-risk operations. That makes it a game-changer for India’s security infrastructure.”
The investment comes amid a renewed national focus on securing energy infrastructure from evolving threats, including vulnerabilities exposed during Operation Sindhoor, which highlighted the need for passive defence systems capable of withstanding sabotage, aerial attacks, and battlefield scenarios.
About IDBI Capital Markets & Securities Ltd (ICMS):
IDBI Capital Markets & Securities Ltd (ICMS), a wholly owned subsidiary of IDBI Bank Ltd., is a registered Portfolio Manager with Securities and Exchange Board of India (SEBI) since 1998 and is authorised to undertake Funds Management activities (Debt & Equity). These activities would be governed by the Securities and Exchange Board of India. Presently, ICMS Alternative Investment Fund (AIF) is acting as Investment Manager for two SEBI registered AIF’s and is also the Project Advisor to the Scheme of Government of Maharashtra.
