Indra Sistemas

Indra Sistemas, S.A.
Company typePublic
BMADIDR
IBEX 35
ISINES0118594417
IndustryInformation technology
Consulting
Outsourcing
Founded1992 (1992)
HeadquartersAlcobendas, Community of Madrid, Spain
Key people
Ángel Escribano
ServicesDefence, transport, energy, telecommunications, financial services and public sector clients
Revenue 5.46 billion (2025)[1]
€586 million (2025)[1]
€439 million (2025)[1]
Total assets €9.13 billion (2025)[1]
Total equity €1.99 billion (2025)[1]
Number of employees
62,396 (2025)[1]
Websitewww.indracompany.com

Indra Sistemas, S.A. (Spanish pronunciation: [ˈindɾa sisˈtemas]) is a Spanish information technology, transport technology and defense company. Indra is listed on the Bolsa de Madrid and is a constituent of the IBEX 35 index.[2]

The company operates in sectors such as transport and mobility, defense and security, air traffic management, public administration, financial services, energy, and telecommunications.

The current executive chairman is Ángel Escribano.[3]

Business areas

Indra structures its activities around several core business areas focused on the development and delivery of technology solutions for complex, mission-critical environments.

Mobility and transport

Mobility is one of Indra’s main business areas, focused on intelligent transport systems for urban, interurban, and rail environments. The company provides technology solutions for transport authorities and operators worldwide, including:

  • Electronic fare collection and ticketing systems
  • Multimodal transport management platforms
  • Traffic, tunnel, and road infrastructure management systems
  • Tolling and congestion charging solutions
  • Rail control, supervision, and signaling support systems
  • Digital mobility services, including data analytics and mobility-as-a-service (MaaS) platforms

Defense and security

Indra develops advanced technology solutions for defense and security applications, serving military and civil authorities. Its activities include:

  • Radar and surveillance systems
  • Electronic defense and electronic warfare solutions
  • Command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) systems
  • Simulation and training systems for defense forces

Air traffic management

The company is a global provider of air traffic management solutions for civil and military aviation, including:

  • Air surveillance and radar systems
  • Flight data processing and control systems
  • Airspace and airport operations management platforms
  • Integrated civil-military air traffic coordination systems

Digital transformation and IT services

Indra offers information technology and consulting services to support digital transformation across multiple sectors, including:

  • Systems integration and software development
  • Cloud and digital platform services
  • Cybersecurity and identity management
  • Data analytics and artificial intelligence solutions
  • IT services for public administration, financial services, energy, and telecommunications

Other sectors

In addition to its core business areas, Indra delivers specialized technology solutions for:

  • Energy and utilities management
  • Healthcare information systems
  • Electoral and public sector systems
  • Industrial and infrastructure digitalization

History

The company was formed as Ceselsa-Inisel S.A. upon the merge of Ceselsa and Inisel (by absorption of the latter by the former).[4] The initial share pool was owned by INI (62%), José Antonio Pérez Nievas (20%), Sainco (4%), BBV (4%), and Paribas (3%).[5]

In January 2025, Ángel Escribano was appointed as executive chairman in replacement of Marc Murtra, who was appointed as Telefónica chairman.[6] Also in January 2025, Indra purchased the 89.68% of communications satellite operator Hispasat from Redeia.[7] Later in 2025, in the context of General Dynamics European Land Systems' rejection of Indra offers for Santa Bárbara Sistemas (and its factory in La Trubia), Indra president Ángel Escribano announced plans to launch an 'Indra Land Vehicles' division and the purchase of a factory in Gijón from Duro Felguera to develop military vehicles.[8][9]

Revenues

About a third of the company's annual revenues come from international markets. By geographical areas, Europe and the United States are the two international markets with the greatest weight and growth for Indra. Indra is operating also in Latin America.

Shareholder structure

As of 4 June 2025, this is the current shareholder structure of the company:[10]

Society Shares
        Free float 40.94%
 
Sociedad Estatal de Participaciones Industriales (Spanish government) 28.00%
 
Escribano 14.30%
 
SAPA 7.94%
 
Amber Capital 7.24%
 
D. E. Shaw & Co. 3.51%
 

References

  1. ^ a b c d e f "Indra Sistemas, S.A. And Subsidiaries Consolidated Financial Statements for the year ended 31 December 2025 and Consolidated Directors Report, together with Independent Auditor's Report" (PDF) (in Spanish). Indra Sistemas. Retrieved 26 February 2026.
  2. ^ Pinto, Manuel (14 March 2025). "Indra impulsa al Ibex 35". La Razón.
  3. ^ Cruz Peña, Juan (19 January 2025). "Indra nombra a Ángel Escribano presidente ejecutivo con los mismos poderes y sueldo que tenía Marc Murtra". El País.
  4. ^ Calvo, Angel (2019). "Sector privado y sector público en la industria española de alta tecnología: Indra". Biblio3W Revista Bibliográfica de Geografía y Ciencias Sociales. 24 (1259). Universitat de Barcelona. doi:10.1344/b3w.0.2019.27427. ISSN 1138-9796.
  5. ^ García, Ter (15 November 2019). "De EISA a Indra, 80 años de fusiones para crear el grupo tecnológico estatal de referencia". La Marea.
  6. ^ Martínez, Jesús (20 January 2025). "Moncloa blinda el control sobre Indra a costa de colocar a Escribano en la presidencia". La Información Económica – via 20minutos.es.
  7. ^ "Indra ejecuta el plan de Moncloa y compra el 90% de Hispasat a Redeia por 725 millones". El Confidencial. 31 January 2025.
  8. ^ Carrasco, Benjamín (13 March 2025). "Indra crea la división Land Vehicles y comprará a Duro Felguera una planta en Gijón para fabricar vehículos militares". Infodefensa.
  9. ^ Carrasco, Benjamín (14 March 2025). "Escribano critica la gestión de GDELS en Santa Bárbara: "Ha destruido casi todo el tejido industrial"". Infodefensa.
  10. ^ "Shareholders structure". Indra. Retrieved 8 Mar 2023.