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DroneAcharya secures order from Adani group for DGCA certified drone pilot training

IndianStartupNews

IndianStartupNews · 1y ago

DroneAcharya secures order from Adani group for DGCA certified drone pilot training

DroneAcharya Aerial Innovations has secured a significant service order from the Adani Group for DGCA certified drone pilot training. The training aims to enhance mapping, monitoring, and inspection capabilities across Adani's operations in various sectors. This partnership is seen as a major endorsement for the use of drones and is expected to encourage other companies to embrace this technology. The training program provided by DroneAcharya covers theory sessions, emergency protocols, simulator training, and practical on-ground drone flying exercises to equip participants with the necessary skills for effective drone operation.

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DroneAcharya Bags Order From Adani Group To Provide Drone Pilot Training

Inc42 · 1y ago

DroneAcharya Bags Order From Adani Group To Provide Drone Pilot Training

DroneAcharya, a listed drone startup, has been awarded a significant service order by the Adani Group for Directorate General of Civil Aviation (DGCA) certified drone pilot training. The contract signals the increased use of drones for mapping, monitoring, and inspection purposes within Adani Group's operations. Earlier this year, DroneAcharya secured a contract from the Indian Army for advanced drone training and partnered with Vimaan Aerospace for drone-related training and services. The startup reported significant growth, with a profit after tax of INR 3.97 Cr in the first half of FY24, compared to INR 13.09 Lakh in the previous year.

DroneAcharya Bags Order From Alter Dynamics

Inc42 · 1y ago

DroneAcharya Bags Order From Alter Dynamics

DroneAcharya Aerial Innovations, a drone tech company, has secured a contract worth INR 53 Lakh for drones aimed at inspecting piles above water for the Abu Dhabi National Oil Company (ADNOC). The deployment of drones equipped with high-resolution sensors promises efficient and intelligent inspection solutions. DroneAcharya aims to enter the relatively untapped drone survey market in the Middle East, delivering professional services to architecture, engineering, and construction industries. Previously, DroneAcharya secured orders from the Adani Group for DGCA certified drone pilot training and signed an agreement with Vimaan Aerospace for various drone-related services.

DroneAcharya Jumps 20% To Hit Upper Circuit On Co’s Bullish Growth Forecast For FY25

Inc42 · 11m ago

DroneAcharya Jumps 20% To Hit Upper Circuit On Co’s Bullish Growth Forecast For FY25

DroneAcharya, an Indian startup, saw a surge in its stock price on the BSE, with over 1.3 million of its shares being traded. This led to an increase in its market capitalization to INR 340.64 crore (approximately $4 million). The company also announced plans to expand its DGCA-certified drone pilot training centers, aiming for fourfold growth. Additionally, DroneAcharya is focusing on the Indian drone-as-a-service market, developing AI solutions for agriculture.

DroneAcharya Gets DGCA Nod To Open 5th Remote Pilot Training Centre in Karnataka

Inc42 · 1y ago

DroneAcharya Gets DGCA Nod To Open 5th Remote Pilot Training Centre in Karnataka

DroneAcharya will establish a training center in Dharwad to provide drone training to 240 officials from the Karnataka forest department. This comes after the startup received an order worth INR 96 Lakh to train the officials. DroneAcharya has also secured contracts with the Adani Group and the Indian Army.

DroneAcharya to acquire 76% stake in Aerophile Academy

Entrackr

Entrackr · 1y ago

DroneAcharya to acquire 76% stake in Aerophile Academy

Industrial drone solution provider, DroneAcharya Aerial Innovations Ltd is set to acquire a majority stake in Aerophile Academy Pvt Ltd, a DGCA-certified company that provides drone pilot training. The board at DroneAcharya has signed a term sheet to acquire a 76% stake in Aerophile Academy, as per the company’s regulatory filings sourced from the stock exchange. This strategic decision marks DroneAcharya’s entry into South India’s drone pilot training sector. Currently, it operates in Central, North, and West India. Led by Krishna Shrivatsa, Aerophile Academy is a DGCA-certified Remote Pilot Training Organisation (RPTO), located in Bengaluru, Karnataka. Aerophile Academy, in association with Skyvenger Aviation, has provided services in several sectors including aerial surveying and mapping, corporate videos, agriculture, mining, transportation and logistics, construction, forestry, and disaster management. Aerophile Academy, however, will retain the 24% stake following the acquisition. Specific details of the acquisition will be finalized in the Share Purchase Agreement, as per the filings. For the half-year-ending period (April-September 2023), DroneAcharya’s scale surged multifold to Rs 20.9 crore as compared to Rs 1.9 crore during the same period of the previous year. The company also recorded Rs 3.96 crore profits for the said period ending September 2023. A few days back, DroneAcharya announced the acquisition of an export order for Defense FPV (First Person View) drones, in collaboration with its associate company Drone Entry (Thailand). DroneAcharya made its entry into the public market in December 2022 at around Rs 100 per share and subsequently saw its peak and crossed Rs 200 in January 2023. Currently, it is trading at around Rs 182 a piece with a market cap of about Rs 430 crore or $51 million.

DroneAcharya Bags INR 50 Lakh Order From IIT Ropar

Inc42 · 1y ago

DroneAcharya Bags INR 50 Lakh Order From IIT Ropar

DroneAcharya has been commissioned to conduct a training program in 14 batches from August 2024 to January 2025. The program is in accordance with the Directorate General of Civil Aviation (DGCA) guidelines. The order comes from an agreement between IIT Ropar, Punjab government, and the Centre for Training and Employment of Punjab Youth (C-PYTE). It is a part of the Punjab Skill Development Mission (PSDM) and aims to offer specialized drone pilot training to selected individuals.

DroneAcharya’s Net Profit Doubles To 6.2 Cr In FY24, Operating Revenue Jumps 90%

Inc42 · 1y ago

DroneAcharya’s Net Profit Doubles To 6.2 Cr In FY24, Operating Revenue Jumps 90%

Pune-based DroneAcharya Aerial Innovations reported a profit after tax of INR 6.2 Cr in FY24, nearly doubling from INR 3.42 Cr in FY23. Operating revenue rose 90% to INR 35.19 Cr, attributed to growth as a drone solutions provider and training organization. Founded in 2017 by Prateek Srivastava, DroneAcharya entered drone manufacturing in partnership with Gridbots Technologies. Total revenue, including other income, reached INR 37.35 Cr. The company expanded its drone pilot training centers and secured notable contracts with the Adani Group and the Indian Army, aiming to export drones internationally and establish a global presence.

DroneAcharya shares rally 7% intraday after startup secures contract from Indian Army

Inc42 · 1y ago

DroneAcharya shares rally 7% intraday after startup secures contract from Indian Army

Shares of Pune-based drone startup DroneAcharya Aerial Innovations surged by 7% during intraday trading after securing a contract from the Indian Army. The contract involves providing capacity building and advanced drone training to senior officers at the Mechanised Army Courses Group, Ahmednagar. The training program will cover drone piloting as well as the use of drones in disaster management. This contract marks a milestone for DroneAcharya and highlights the increasing adoption of drone technology in the defense sector.

DroneAcharya Fined For Delay In Submission Of Financials

Inc42 · 2m ago

DroneAcharya Fined For Delay In Submission Of Financials

DroneAcharya, a drone technology startup, was fined INR 1.3 Lakh by the Bombay Stock Exchange (BSE) for delaying the submission of financial results for the second half of fiscal year 2025. The fine was imposed due to alleged non-compliance with Regulation 33 of the SEBI Regulation 2015. Founded in 2017, DroneAcharya offers drone and data-based solutions, including multi-sensor drone surveys, pilot training, and data processing services.

DroneAcharya Shares Rally 5% After Startup Bags New Contracts

Inc42 · 1y ago

DroneAcharya Shares Rally 5% After Startup Bags New Contracts

DroneAcharya Aerial Innovations, a drone startup based in Pune, saw a 5% increase in its shares on the BSE SME platform after securing new contracts from the Indian defense forces. The startup received an order from the Ministry of Defence to supply IT hardware for a drone lab in Jammu and Kashmir, as well as contracts to provide drone hardware to the Northern Command and its precision mapping system to Earthtree Enviro. Founded in 2017, DroneAcharya offers drone-based enterprise solutions and has recently received accreditation from the Directorate General of Civil Aviation.

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