The joint venture aims to bring cutting-edge drone technology to agriculture, surveillance, logistics, and more. Introduction: A Game-Changing Merger in the Drone Industry In an exciting development for
The joint venture aims to bring cutting-edge drone technology to agriculture, surveillance, logistics, and more.
In an exciting development for the drone industry, DroneAcharya Aerial Innovations, a publicly traded company on the BSE, has signed a major agreement to merge with AVPL International. This partnership, which will likely form a new entity called AVPL DroneAcharya, promises to accelerate drone manufacturing in India and expand the market for advanced drone solutions across industries like agriculture, logistics, and surveillance.
With both companies bringing specialized expertise in drone services and technology, this merger is set to make a big impact, especially as the demand for drones continues to soar across various sectors in India.
India’s drone market has been growing rapidly, and this merger sets the stage for even faster innovation. The new joint venture will focus on developing state-of-the-art drones for a range of applications, including:
The merger will bring together the strengths of AVPL International, which is known for its drone training and agricultural services, and DroneAcharya, a leader in surveillance and training solutions.
Both companies bring something valuable to the table.
AVPL International, based in Gurugram, is owned by AITMC Ventures Ltd, a company operating across 12 states in India. AITMC Ventures has established itself in drone-related fields, offering services like:
On the other hand, DroneAcharya, headquartered in Pune, is one of the first private companies in India to receive a Remote Pilot Training Organization license from the Directorate General of Civil Aviation (DGCA). This is a key certification that positions DroneAcharya as a leader in professional drone pilot training.
The merger will combine AVPL’s strong presence in agriculture and skill-building with DroneAcharya’s established reputation in drone services, surveillance, and training, allowing the new company to serve a broader range of customers and industries.
The drone market in India is poised for explosive growth, and this merger could help both companies stay ahead of the competition. According to AITMC Ventures, the company experienced a 95.2% growth in revenue in the fiscal year 2023-24, reaching Rs 41.87 crore. Moreover, its profits surged by 82.6%, highlighting the increasing demand for drone services and technology.
By combining their resources, the two companies are better positioned to take advantage of the growing demand for drones in sectors like agriculture, logistics, and security. Together, they plan to design and manufacture advanced drones that can tackle real-world challenges and offer innovative solutions to various industries.
To fuel the company’s expansion and foster a sense of ownership among its employees, DroneAcharya has approved an Employee Stock Option Plan (ESOP). The ESOP aims to align the interests of the company’s staff with its goals, ensuring that everyone from top executives to ground-level employees works towards the same vision of growth and success.
By offering stock options, DroneAcharya hopes to keep its workforce engaged, motivated, and invested in the company’s future, which is especially important as the drone industry is rapidly evolving.
DroneAcharya was founded by Prateek Shrivastava, who has a strong background in the drone industry. The company has garnered significant attention from high-profile investors, including Bollywood superstars Aamir Khan and Ranbir Kapoor, as well as well-known market veteran Shankar Sharma. These investors bring not only financial support but also valuable connections that could help accelerate the company’s growth in both India and abroad.
The future looks bright for the newly merged entity, AVPL DroneAcharya. With both companies combining their strengths, the joint venture is poised to become a leader in the Indian drone market. Whether it’s drones for agricultural purposes, logistics solutions, or cutting-edge surveillance systems, the company is ready to meet the growing demand for drone technology in India and beyond.
With the drone industry still in its early stages in India, this merger could prove to be a turning point, helping to shape the future of drone manufacturing, services, and innovation in the country.
As DroneAcharya and AVPL International unite forces, their shared goal of pushing the boundaries of drone technology seems clearer than ever. From agricultural advancements to improved logistics and surveillance systems, drones are set to revolutionize industries across India.
With the expertise of both companies combined, we can expect new breakthroughs in drone technology, driving greater efficiencies and creating exciting opportunities for businesses and individuals alike.
