Top Drone Companies in India – Stocks to Watch in 2022
List of Top Drone Companies in India: When you are at home and your luggage is stuck in the delivery traffic, you might be wondering how good it would be if your delivery was airlifted directly to your home via drone. Well, no problem but you will be happy to know that some companies in India are working on these drone technologies. There are companies in India that are working on drone technologies.
In this article, we will look at the list of top drone companies in India.
Top Drone Companies in India 2022: Here is the list of Top Drone Companies in India.
Drone Company 1 in India – InfoEdge India
InfoEdge India is an Internet-based large-cap public company in India and the parent company of sites such as Naukri.com, 99acres, Jeevanathi, Shiksha.com, etc. Being a leader in the IT industry, they are always investing in the future, and drone technology is one of them. Along with planning to enter the drone industry, InfoEdge India has also invested in and bought a stake in Skylark Drones, a startup that works on building core infrastructure for the global drone ecosystem.
Drone Company 2 in India – Zomato Ltd
Zomato Ltd. Established in 2008, it is a multinational restaurant and food delivery company and was listed on the Indian stock exchange in July 2021. The company is betting heavily on drone technology to make the food delivery process faster and more efficient.
Zomato acquired TechEagle in June 2018 to build a hub-to-hub delivery network using hybrid multi-rotor drones.
However, Zomato is still working on drone technologies for drone-based food delivery. For this, he has tied up with several startups and even giants like Vodafone Idea to work on DGCA’s BVLOS sandbox.
Drone Company 3 in India – Paras Defense & Space Technologies
Paras Defense & Space Technologies is a small-cap company engaged in manufacturing, designing, developing, and testing a variety of Air Defense, Defense, and Space Engineering products and solutions in India. This company was listed on the Indian stock market in October 2021.
Paras Defense Company is working very closely on drone technology and has tied up with many foreign UAV (Unmanned Aerial Vehicle) manufacturers. It has partnered with Fixer of Latvia, Nourjana Technologies of Italy, and another company from Israel. Paras Defense is currently working on Military UAVs, Industrial UAC, Drone parachutes, and other aerospace technologies.
Drone Company 4 in India – Zen Technologies Limited
Zen Technologies was established in 1993 and is an India-based small-cap drone-tech company. They are working on Heavy Lift Logistics Drones, and their Anti Drone System works on drone detection, classification, and tracking on passive surveillance, neutralizing threats by jamming camera sensors and drone communication.
Their growth in drone technology can be understood from the fact that Zen Technologies has received orders worth Rs 1.6 billion from the Indian Air Force for the supply of CUAS or Counter Unmanned Aircraft Systems. Along with drones, Zen Technologies also creates training solutions that develop combat-ready soldiers.
Drone Company 5 in India – RatanIndia Enterprises
RatanIndia Enterprises Limited is the flagship company of RatanIndia Group for its new-age growth businesses and publicly listed company in India. In September 2021, RatanIndia Enterprises announced the launch of its drone business with its wholly-owned subsidiary NeoSky India Ltd.
In a statement, RatanIndia Enterprises said that NeoSky India will develop a state-of-the-art drone systems platform focusing on industry applications in India. In addition, the company recently made a major investment in US-based Urban Drone Logistics, which is working extensively on a drone logistics platform. However, it has not disclosed the investment amount.
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