Maharashtra Airport Development Co.

Name

Maharashtra Airport Development Co.

Legal name

Maharashtra Airport Development Company Limited

Website

https://www.madcindia.org

Company type

Private

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Airport Infrastructure & Operations

NAICS

Airport Operations (48811), Other Airport Operations (488119)

SIC

Airports, Flying Fields & Airport Terminal Services (4581)

akta.pro primary industry

Aviation Infrastructure Agencies (Public Airports, Airfield Ops, Ground Access) (BPAIALAE)

akta.pro secondary industry

Airport Terminal & Aviation Facilities Building Construction (IMAFACAL)

Keywords

• Airport infrastructure development
• Regional airport operations
• Aviation infrastructure management
• MIHAN SEZ project
• Regional connectivity scheme

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D

Revenue model

1. Airport Operations: Revenue from operating major airports in Maharashtra including Nagpur and Shirdi, encompassing passenger fees, landing charges, and cargo operations
2. UDAN Scheme Operations: Operations under the Government of India's UDAN (Regional Connectivity Scheme) for developing air connectivity to underserved regions
3. Power Distribution: Power generation, transmission, and distribution business operations across Maharashtra including MYT (Multi Year Tariff) regulated distribution services

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Maharashtra Airport Development Co. (MADC) is a state-owned nodal agency that develops, operates, and manages airport and aviation infrastructure across Maharashtra, including the Nagpur and Shirdi International airports, the MIHAN multi-modal cargo hub and SEZ at Nagpur, and emerging airports at Amravati, Solapur, Karad, Pune-Purandar, Dhule, Chandrapur, Baramati, Latur, Nanded, Yavatmal, and Phaltan. The company also implements India's UDAN Regional Connectivity Scheme, processes Height NOC clearances for structures near airports, and operates regulated power generation, transmission, and distribution businesses in Maharashtra.

Product overview

MADC operates as a nodal infrastructure development company for Maharashtra, primarily focused on airport development and aviation infrastructure management. The company manages a portfolio of airports across Maharashtra including Nagpur, Shirdi, Amravati, Solapur, Karad, and others. The core offering consists of airport development, operations, and management services. Supporting infrastructure includes MIHAN (Nagpur SEZ and airport project), power infrastructure development, and UDAN regional connectivity scheme implementation. Additional services encompass Height NOC processing for aviation safety compliance, fire and emergency services, and aviation training support. The company also operates the MIHAN SEZ and power distribution business, reflecting a diversified infrastructure portfolio beyond pure aviation.

Differentiator

Problem solved

Functional benefit

Products and services

• Nagpur Airport Operations Operating Nagpur Airport as a major aviation hub in the Vidarbha region, MADC provides commercial flight services, runway operations, terminal management, and supporting regional connectivity for airlines and passengers.
• Shirdi International Airport Operations Operating Shirdi International Airport serving the major pilgrimage destination of Shirdi, including terminal expansion for Kumbh Mela capacity, night landing capability, passenger services, and cargo operations.
• MIHAN Multi-modal International Hub (Nagpur)

Named customers2 records

Segments2 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered flagship and core.

• FIRA BarcelonaflagshipStrategic or Co-development PartnerMOU signed between FIRA Barcelona and MADC in the presence of Hon. Chief Minister of Maharashtra, Devendra Fadnavis. This represents a strategic partnership for airport development and aviation infrastructure projects.
• Air IndiaflagshipStrategic or Co-development PartnerMADC and Air India began joint survey for setting up the biggest Flight Training Organization (FTO) in South Asia. This partnership aims to establish pilot training infrastructure in Maharashtra.
• Government of India - UDAN SchemecoreStrategic or Co-development PartnerPartnership under the Government of India's Regional Connectivity Scheme (UDAN) for developing air connectivity to underserved regions in Maharashtra including Solapur-Mumbai routes.

Scale indicators2 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Airports Authority of India (AAI): India's central government statutory body that operates and manages most Indian airports. AAI is the most direct peer to MADC since both operate public-sector airports under government mandate, with MADC functioning as a state-level complement to AAI's national network.
• Cochin International Airport Ltd (CIAL): India's first publicly-funded airport operated by a public-private consortium under Kerala government support. CIAL's model of state-supported, professionally operated airport infrastructure closely mirrors MADC's mission of regional airport development.
• Mumbai International Airport (MIAL / Adani): Operates India's second-busiest airport under a public-private partnership. While geographically overlapping in Maharashtra, MIAL represents the benchmark for advanced commercial airport operations and the PPP model MADC airports may eventually emulate.

Broad incumbents

• GMR Airports: Operates major Indian airports (Delhi, Hyderabad) and overseas airports. As a leading private airport operator with significant scale, GMR provides a broad benchmark for commercial capability and tariff benchmarking relevant to MADC.
• Adani Airports Holdings: Operates multiple airports across India including Mumbai (after acquiring GVK's stake). As one of the largest Indian airport operators, Adani represents both a potential competitor and a benchmark for what scaled, capital-deep airport operation looks like.

Emerging players

• Bangalore International Airport (BIAL): Operates Kempegowda International Airport under a public-private model. BIAL is comparable to MADC in functioning as a regionally-important airport operator with PPP-style governance, though focused on a single major hub.
• Hyderabad International Airport (GHIAL): Operates Rajiv Gandhi International Airport under a public-private partnership structure. GHIAL is comparable as a hybrid model airport operator that pairs public mandate with private commercial execution.
• Delhi International Airport (DIAL): Operates India's busiest airport under a public-private partnership led by GMR. Comparable to MADC's PPP aspirations and represents the largest Indian example of combining government oversight with private capital and operations.

Others

• Reliance Airport Developers: Developed and operated greenfield airports in India and held stakes in various airport ventures. Comparable to MADC as a private-sector developer/operator of greenfield airport projects, which mirrors MADC's greenfield developments at Pune-Purandar and Gadchiroli.

Regional players

• Kerala State Industrial Development Corporation (KSIDC): State government nodal agency for industrial and infrastructure development in Kerala. Comparable to MADC's role as a state-level nodal infrastructure development agency, though operating in a different state and broader industrial scope.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/madc_official
• YouTubeyoutube.com/channel/UCDDpTAnfUqVwF8NMV8IUxnA
• Facebookfacebook.com/MADCMIHANOFFICIAL
• LinkedInlinkedin.com/company/maharashtra-airport-development-company-limited
• Instagraminstagram.com/madc_2002

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Maharashtra Airport Development Co.