Garuda Aerospace
India-based drone technology company designing, manufacturing, and deploying UAVs and drone-as-a-service solutions across agriculture, defence, infrastructure, and enterprise sectors.
- CEO / Founder
- Agnishwar Jayaprakash
- Team Size
- 51-200
- Stage
- Growth Stage
- Total Funding
- $44M
- Latest Round
- Series B
- Key Investors
- Venture Catalysts (Vcats++); SphitiCap; MS Dhoni; Ocgrow Ventures; Silverstone Capital; Narotam Sekhsaria Family Office; Badshah Masala; MGM Foundation; Hathor Corporate Advisors; Biz Secure Labs Pvt Ltd; WFC
Technology & Products
Key Products
Precision Agriculture Drones; Industrial Drones; Defense Drones; Drone-as-a-Service (DaaS) solutions for precision agriculture, industrial operations, safety and security; DGCA-approved Remote Pilot Training Organization (RPTO)
Technological Advantage
Largest drone fleet in India (400+ drones); 30 drone types manufactured; DGCA Type Certification and RPTO approval; 85% indigenous production target; partnerships with Lockheed Martin, Elbit Systems, Thales, Cognizant, Tata Elxsi
Differentiation
Value Proposition
Integrated drone manufacturing, DaaS, and pilot training operating India's largest drone fleet (400+ drones, 500+ pilots across 84 cities), offering 30 drone types and 50 service categories
How They Differentiate
End-to-end integrated model spanning manufacturing, DaaS, and pilot training; large operational drone fleet in India; government and enterprise client base (TATA, Godrej, Adani, Reliance, L&T, NHAI); partnerships with global defence primes (Lockheed Martin, Elbit Systems, Thales); MS Dhoni as brand ambassador and investor
Market & Competition
Target Customers
Government agencies, public sector undertakings (PSUs), large enterprises in agriculture, defence, infrastructure, mining, disaster management, and logistics
Industry Verticals
Agriculture; Defence; Infrastructure; Mining; Disaster Management; Enterprise/Industrial; Logistics
Competitors
ideaForge Technology; DroneAcharya Aerial Innovations; Marut Drones
Growth & Milestones
Growth Metrics
FY24 revenue: ₹109 Cr ($13M); FY25 revenue: ₹118-122 Cr ($14-14.5M); FY25 PAT: ₹17.5 Cr; Gross margins: 30-32%; EBITDA margins: 24%; PAT margins: 15%
Major Milestones
2015: Founded; 2016: First indigenous drone prototypes developed; 2021: First funding round; 2022: MS Dhoni becomes investor and brand ambassador; 2023: Series A of $22M led by SphitiCap; 2024: Revenue grew to ₹109 Cr; 2025: Converted to public company (Garuda Aerospace Limited); Series B of ₹100 Cr from Venture Catalysts at $250-270M valuation; Secured export license for US, Australia, Middle East; 2026: Pre-filed confidential DRHP with SEBI for ~₹1,000 Cr IPO
Notable Customers
TATA; Godrej; Adani; Reliance; Swiggy; Flipkart; Delhivery; L&T; Survey of India; SAIL; NTPC; IOCL; Intel; Amazon; Wipro; IISC; MIT Boston; NHAI