New Delhi, Sept. 23 -- India's private defence companies are set to continue on the growth path and see firm revenue rise in 2025-26, led by continuing strong domestic demand, according to Crisil Ratings.

The rating agency expects the private defence companies to register a robust 16-18 per cent growth. This follows a 20 per cent compound annual growth rate (CAGR) logged between fiscal 2022 and 2025.

The strong growth momentum, according to the rating agency, is supported by a significant policy push by the government, which drew in sizeable private investments.

The investments in research and development (R&D) and capital expenditures (capex) have strengthened players' capabilities, enabling them to secure larger orders.

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