'We are changing gears and leveraging the Make in India policy'

Is Thales a government company? The French government owns 26 per cent in it.

Patrice caine: We are privately listed on the Paris Stock Exchange. We have two large shareholders, but they do not own Thales. Dassault owns 25 per cent and the French state 26 per cent.

Your electronics are at the heart of most of the systems. In defence, do you work directly with armed forces or contractors of armed forces?

Both. We are in five domains. Defence is 50 per cent and civil is 50 per cent. We have many civil customers such as airlines, satellite operators and transport operators; we do signalling, communications and supervision systems for 80 metros in 40 cities. This is apart from big corporates in security and cybersecurity. In defence, typically, when we sell military satellites, we deal directly with ministries of defence. When we are onboard a strategic platform, be