What we do ideaforge Technology Ltd specializes in designing, engineering, and manufacturing advanced unmanned aerial vehicle (UAV) systems primarily for security, surveillance, mapping, and disaster relief. |
Founded in 2,007 |
Market share Market leader in India's indigenous drone sector; ranked 3rd globally in dual-use drones category as of 2024. |
Problem solved Provides reliable surveillance and mapping UAVs to enhance security, disaster response, and infrastructure monitoring with indigenous technology. |
Top clients or who we serve Serves defense, public safety, disaster management bodies, government agencies, and commercial sectors primarily in India; expanding globally. |
Key management Ankit Mehta (CEO, IIT Bombay alumnus), Rahul Singh (VP Engineering, IIT Bombay alumnus), Vipul Joshi (CFO). |
Our journey and innovations Pioneered India's first VTOL UAVs, developed indigenous autopilot and ground control systems, launched hybrid VTOL drones, and built a cloud analytics UAV platform. |
Where we operate India with expanding presence in USA via subsidiary and exploratory markets in Africa and Asia. |
Top products or what we offer Flagship UAV platforms include NETRA V5, SWITCH V2, Q6 V2 Geo, Tactical UAV ZOLT, and logistics UAV YETI. |
Top brands NETRA (multiple versions) - military & civil surveillance; SWITCH UAV - certified fit for Indian military; ZOLT - tactical UAV; YETI - logistics UAV. |
Raw materials needed Advanced avionics components, sensors (EO/IR), communication modules, electronics, carbon composites for UAV manufacturing. |
Raw materials supplier Suppliers not specified; likely global and domestic tech component vendors. |
Recurring vs cyclical contribution Revenue is project-driven with cyclical spikes aligned with defense procurement; recurring elements through Drone as a Service offerings. |
Our industry position Leading indigenous Indian UAV manufacturer with significant defense contracts and expanding civil market footprint. |
Financial highlights FY25 standalone revenue INR 161 crore; net loss INR 62 crore, reflecting investment phase; order book INR 440 crore in FY26 YTD. |
Geographical revenue split Majority from India; growing international sales via US subsidiary. |
Order book Order book INR 440 crore in FY26 year-to-date with large defense and civil orders. |
Whats driving growth Growth fueled by increasing defense procurements, indigenous solutions, technology innovation, Drone as a Service, and expanding global presence. |
Our future plans Develop larger UAV platforms (Tactical and middle-mile logistics), expand SaaS-DaaS offerings, grow international footprint, and innovate in AI analytics. |
Our green promise Adopts environmentally friendly production, promotes digital reporting, and supports sustainability through CSR initiatives. |
Our people and values Employs 513 staff committed to innovation, ethical practices, inclusivity, and customer trust. |
Key challenges ahead Managing losses during growth, navigating defense procurement cycles, technological competition, and regulatory changes. |
Interesting facts Drone depicted in Bollywood film; first Indian hybrid VTOL drone; globally top-ranked dual-use drone maker; deployed over 850,000 flights cumulatively. |
Risks and strategy Mitigates technology, regulatory, and operational risks via strong R&D, local manufacturing, compliance, and diversified markets. |
