Who Owns Altınay Defence?

The controlling owner of Altınay Defence Technologies (Altınay Savunma Teknolojileri A.Ş.) is Hakan Altınay, who holds a majority of the company’s capital and a larger share of its voting rights. The business is part of the wider Altınay Technology Group, and since 2024 a minority of its shares have traded publicly on Borsa İstanbul under the ticker ALTNY.

60.01%

Hakan Altınay capital share

79.15%

Hakan Altınay voting rights

39.99%

Free float capital

2014

Company founded

Majority shareholder: Hakan Altınay

According to the company’s investor relations disclosures, the paid-in and issued capital of Altınay Defence Technologies is 1,000,000,000 TL, matching its registered capital ceiling. Hakan Altınay directly holds 600,101,235.38 TL of this capital, equal to 60.01% of the shares. Because of the company’s share class structure, this stake carries a disproportionately large 79.15% of the voting rights, giving him clear control over shareholder decisions. The remaining 399,898,764.62 TL of capital, equal to 39.99% of the shares and 20.85% of the votes, is classified as free float held by other investors.

Altınay Defence is controlled by founder Hakan Altınay through a 60.01% capital stake and 79.15% of voting rights.

Part of the Altınay Technology Group

Altınay Defence Technologies was established in 2014 as the defence arm of the Altınay Technology Group, an Istanbul-based engineering group with a longer history in motion control and industrial automation. The defence company is headquartered at the Teknopark İstanbul campus in Pendik/Kurtköy and employs more than 300 people, the majority of them engineers. Its declared vision is to become one of the world’s top 100 defence companies. The company holds AS9100D, ISO 9001, ISO 14001 and ISO 45001 certifications, along with national and NATO facility security clearances, and is a member of the IAQG and EAQG international quality networks. Its work spans motion control systems, unmanned systems, stealth systems, weapon systems and munitions-related production.

Subsidiaries and affiliated companies

The group structure extends beyond the listed defence entity. Affiliated companies include DASAL Aviation Technologies, which develops unmanned aerial systems such as the PUHU-C75 and PUHU-C100 cargo drones as well as the PEREGRINE and FALCON-R556 platforms, and TAAC Aviation Technologies. These affiliates sit within the same technology group and broaden the group’s reach into unmanned platforms alongside Altınay Defence’s own motion control, naval and weapon system products such as the Kuşkapanı helicopter capture system, mast systems, servo drives and weapon pedestals. Through this structure, the ownership of the defence company is tied into a wider set of engineering and aviation businesses controlled by the same group.

What the ownership split means

The combination of a 60.01% capital stake and 79.15% of the votes means that, despite the 2024 public offering, control of Altınay Defence remains firmly with its founding shareholder. Public investors participate in the company’s economics through the free float but hold a minority of both capital and voting power. This concentrated ownership is common among Turkish defence firms that list only a minority of their shares. In practical terms, strategic decisions such as capital changes, board composition and major investments remain under the founder’s influence, while the free-float shareholders benefit from any growth in the business through their proportional stake. The gap between the capital share and the voting share reflects the company’s share-class structure rather than any change in the number of shares outstanding. These figures come from the company’s own investor relations disclosures and can be cross-checked against notifications on the Public Disclosure Platform (KAP); because shareholding can change over time, anyone relying on precise percentages should confirm the current position against the latest official disclosure.

Altınay Defence — Ownership Snapshot
Full legal name	Altınay Savunma Teknolojileri A.Ş.
English name	Altınay Defence Technologies
Founded	2014
Controlling owner	Hakan Altınay
Capital / voting share	60.01% capital / 79.15% votes
Free float	39.99% capital / 20.85% votes
Listing	Borsa İstanbul (ALTNY)

FAQ

Who is the majority owner of Altınay Defence?

Hakan Altınay is the majority owner. He directly holds 600,101,235.38 TL of the company’s 1,000,000,000 TL capital, equal to 60.01% of the shares. Because of the share structure this stake also carries 79.15% of the voting rights, giving him control over shareholder decisions at Altınay Defence Technologies.

How much of Altınay Defence is publicly traded?

About 39.99% of the capital is classified as free float, equal to 399,898,764.62 TL and 20.85% of the voting rights. These shares trade on Borsa İstanbul under the ticker ALTNY following the company’s 2024 public offering, while the founder retains majority control.

Is Altınay Defence a family or group company?

Altınay Defence Technologies is part of the Altınay Technology Group, an Istanbul engineering group. The defence unit was founded in 2014 and remains controlled by Hakan Altınay. Affiliated group companies include DASAL Aviation Technologies and TAAC Aviation Technologies, which focus on unmanned aerial systems.

What is Altınay Defence’s stock ticker?

The company trades on Borsa İstanbul under the ticker ALTNY. Only the 39.99% free float is available to public investors; the founder Hakan Altınay retains 60.01% of capital and 79.15% of voting rights, so the listing does not change who controls the company.

When was Altınay Defence founded?

Altınay Defence Technologies was established in 2014 as the defence arm of the Altınay Technology Group. It is headquartered at the Teknopark İstanbul campus in Pendik/Kurtköy and employs more than 300 people, most of them engineers working across motion control, naval, weapon and unmanned-related systems.