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Drones Company Equity Stake For Sale in Ahmedabad, India

Indigenous drone and unmanned systems company serving 70+ clients with GIS, USV, and AI solutions.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 50 - 100
Legal Entity Private Limited Company
Reported Sales USD 830 thousand
Run Rate Sales USD 830 thousand
EBITDA Margin 13 %
Industries Drones
Locations  Ahmedabad
Local Time 10:40 AM Asia / Kolkata
Listed By Advisor / Business Broker
Status Active
Overall Rating
Partial Stake Sale
USD 840 thousand for 7.0% stake (Native Currency: INR 80,000,000)
Reason: - The proposed funding will be used for growth and expansion across manufacturing, technology, AI, s... View More
Includes physical assets worth USD 5.3 thousand
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Business Overview
• Indigenous drone and unmanned systems company designing and manufacturing drones, autonomous surface vessels (USVs), GIS software, avionics, and AI-powered solutions.
• Core offerings include fixed-wing VTOL drones, multirotor drones, heavy-lift platforms, autonomous USV boats, Drone-as-a-Service (DaaS), proprietary GIS software, drone avionics, and AI/autonomy solutions.
• Solutions are used for surveillance, mapping, land surveys, infrastructure inspection, utility monitoring, disaster response, bathymetric surveys, logistics, and other specialised applications.
• Serves defence forces, government agencies, infrastructure companies, utilities, mining and construction companies, and research institutions.
• Has served more than 70 clients across enterprise, government, infrastructure, utilities, and defence applications.
• Reported last year revenue is approximately INR 7.92 crore, as certified by the company’s Chartered Accountants; the figure is currently unaudited.
• Reported EBITDA of approximately INR 1 crore, representing an EBITDA margin of approximately 12.7%.
• Management reports approximately 50% average annual growth over the last five years.
• Has developed and commercialised multiple proprietary drone platforms, GIS software, avionics, and AI capabilities, with 90%+ indigenous content claimed across its core technology stack.
• Has supplied or demonstrated its systems to the Indian Army, Indian Air Force, PSUs, research institutions, railways, municipal authorities, and other government bodies.
• Defence credentials include Army trials, high-altitude trials, logistics demonstrations, and field deployments.
• Has received industry recognition, including First Prize in an Army Design Bureau innovation competition.
• The promoter and senior management team bring experience across civil engineering, IT, software, hardware, and UAV technology, with the Managing Director having 40+ years of experience and other core leaders having 20+ years of experience.
• Holds a valid registration and GST certificate.
Products & Services Overview
The company provides drones, autonomous USVs, GIS software, avionics, AI/autonomy solutions, and DaaS to defence, government, infrastructure, utilities, mining, construction, and research customers.
Assets Overview
- Tangible assets include:
- Drone hardware and completed drone platforms.
- USV/autonomous survey boat.
- Manufacturing equipment and related production infrastructure.
- Office furniture and equipment.
- Electronics, avionics and associated hardware.

- Intangible assets include:
- Proprietary drone designs and technologies.
- GIS/drone-data visualisation platform.
- Flight-control and avionics IP.
- GNSS/RTK and navigation technologies.
- AI and computer-vision algorithms.
- Autonomy and GPS-denied navigation capabilities.
- Ground-control and drone mission software.

- The company states that its airframes, landing gear, propellers, avionics, flight controllers, AI algorithms, GIS software and ground-control software are developed in-house.
Facilities Overview
The company operates from a leased 12,000 sq. ft. manufacturing and production facility in the GIDC/industrial area of Ahmedabad, with an additional 10,000 sq. ft. expansion planned. The company also maintains an operational office in Pune.
Capitalization Overview
- The business has historically been funded primarily through promoter capital and external equity investment rounds.
- The company has completed multiple equity funding rounds at progressively higher valuations.
- The current investor presentation records four previous rounds at valuations of approximately ₹12.5 Cr, ₹45.8 Cr, ₹60 Cr and ₹70 Cr, with approximately ₹1.7 Cr, ₹2.7 Cr, ₹2.5 Cr and ₹1 Cr raised, respectively.
- The company has no external bank or institutional loans. As per management information, the only outstanding loan balance relates to founders' equity money recorded as a loan.
- Current ownership information provided by management is:
- Founders: 88%
- ESOP pool: 4%
- First-round angel investor: 8%
Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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