India, Oct. 18 -- From bullet-resistant jackets for the Army to ammunition components and jet-powered drones, the company has built a substantial defence business.

SMPP Limited, a privately-owned Indian defence manufacturer that supplies bullet resistant jackets and ballistic helmets to the armed forces and security agencies and has expanded into ammunition components and unmanned systems, is facing scrutiny after the Central Bureau of Investigation (CBI) arrested its chief executive, Ashish Kansal, in an alleged Rs 500-crore ammunition bribery case involving state-owned Munitions India Limited (MIL).

Government entities accounted for 85.19% of SMPP Limited's operating revenue in 2023-24, underscoring the privately owned defence manufac...