DroneAcharya
 | |
| Company type | Public |
|---|---|
| Industry | Drone Technology, UAVs |
| Founded | 2017 |
| Founder | Prateek Srivastava |
| Headquarters | Pune, Maharashtra , India |
Key people | Prateek Srivastava (CEO) |
| Services | Drone manufacturing, training, mapping, surveillance, and analytics |
| Revenue |  ₹35.5 crore (FY 2024) |
| ₹6.2 crore (FY 2024) | |
| Total assets | ₹76.1 crore (FY 2024) |
Number of employees | 56 (2024)[1] |
| Website | droneacharya.com |
DroneAcharya is an Indian company specializing in drone technology, including manufacturing, services, and training. The company has been a significant player in India’s UAV sector and has expanded its services globally. Founded in 2017 by Prateek Srivastava, DroneAcharya provides comprehensive drone-based solutions for industries such as agriculture, mining, urban planning, and surveillance. It is also involved in drone pilot training and drone component exports.
History
DroneAcharya was founded in 2017 in Pune, Maharashtra, by Prateek Srivastava. The company initially focused on offering drone pilot training and services related to mapping and surveillance. Over the years, it expanded into the manufacturing of drones and providing bespoke drone solutions for industries.
In 2023, DroneAcharya became a publicly listed company on the Bombay Stock Exchange (BSE), with the stock code DRONACH. The company aims to scale its operations globally and has been working on expanding its export footprint.
Products and Services
DroneAcharya provides a wide range of drone solutions, including:
- Drone manufacturing: Offering UAVs tailored to specific industry needs.
- Drone training and upskilling: Providing certified training for drone pilots, with a focus on building the workforce for India’s growing drone industry.[2]
- Surveying and mapping: Offering geospatial solutions to industries such as agriculture, mining, and urban planning.
- Analytics and surveillance: Utilizing drones for large-scale data collection, processing, and real-time analytics.
Financial Performance
DroneAcharya has demonstrated strong financial growth. In FY 2024, the company reported a revenue of ₹12.8 crore, marking a 90% increase from the previous fiscal year. The net profit for FY 2024 doubled to ₹6.2 crore.[3] The company has also secured multiple export orders, including a significant order worth $240,000 for supplying drone components.[4]
Expansion and Partnerships
In 2024, DroneAcharya entered into a strategic partnership with Asia's largest training provider, ABS, to expand into overseas markets.[5] The collaboration is expected to facilitate the company’s entry into the global market for drone technology and services.
Key Projects
The company has been involved in several high-profile projects, including:
- Skill development with IIT Ropar: DroneAcharya bagged a ₹50 lakh order from IIT Ropar to train over 100 individuals in drone technology.[2]
- Government partnerships: DroneAcharya has collaborated with state governments for aerial surveys, land mapping, and urban planning initiatives.
- Exports: In addition to its domestic operations, the company has significantly expanded its export capabilities, bagging orders from overseas clients.[4]
Certifications and Training Programs
DroneAcharya has been at the forefront of drone education in India. The company provides DGCA-approved drone pilot training programs, and has successfully trained thousands of individuals across various industries. In collaboration with institutions like IIT, DroneAcharya aims to bridge the skill gap in the rapidly growing drone sector.[2]
Challenges and Future Plans
DroneAcharya aims to triple its revenue over the next three years by focusing on exports and expanding its drone component manufacturing capabilities.[6] The company is also looking to deepen its involvement in government-led initiatives such as Digital India and Make in India, focusing on leveraging drone technology for large-scale projects in agriculture and infrastructure.
Competitors
DroneAcharya competes with several drone manufacturers and service providers in India, including:
See Also
References
- ↑ "DroneAcharya Employee Growth". Retrieved 2024-10-05.
- ↑ 2.0 2.1 2.2 "DroneAcharya bags INR 50 lakh order from IIT Ropar to upskill over 100 individuals in drone technology". Inc42. 2024.
- ↑ "DroneAcharya's net profit doubles to ₹6.2 crore in FY24; operating revenue jumps 90%". Inc42. 2024.
- ↑ 4.0 4.1 "DroneAcharya Aerial bags export order worth $240,000 for supplying drone components". Business Standard. 2024.
- ↑ "DroneAcharya joins hands with ABS to expand into overseas markets". Inc42. 2024.
- ↑ "DroneAcharya Aerial Innovations targets threefold revenue growth for next three years on strong exports". NDTV Profit. 2024.