Garuda Aerospace Limited

Founded in 2015 Agnishwar Jayaprakash, Garuda Aerospace Limited, based in Chennai, has established itself as one of the top drone technology firms in India. The company designs, develops and manufactures sophisticated drone systems and also provides Drone as a Service (DaaS) offering. Garuda’s primary service area is agriculture; contributing over 70% of total sales revenue through services such as crop monitoring, pesticide spraying, precision farming, and agricultural surveys. Through advancements in drone technology, Garuda has become entrenched as a major player within the ever-evolving Indian drone ecosystem. 

Garuda manages an extensive fleet of more than 4,000 drones, serviced by more than 4,000 licensed pilots throughout 80+ cities across India. Agriculture is Garuda's largest business line and it accounts for almost 70% of its revenue. With its strong penetration into the agri-tech sector, Garuda has the opportunity to take advantage of the increasing number of farmers who will be using drone technology in the future.

In the past few years, Garuda Aerospace has seen significant growth in revenues. From a revenue level of nearly ₹47 crore in FY23 to a projected revenue of around ₹118 crore in FY25, all while staying profitable. The accretion in revenue and the company's expanding customer base are due to operational efficiencies and a growing demand for drone-based solutions across multiple industries.

Garuda Aerospace has had tremendous support from a number of reputable investors, such as Venture Catalysts and the Narotam Sekhsaria Family Office. This financial backing will enable Garuda to execute its future growth plans. Garuda has also entered into strategic partnerships with some of the world's largest organizations (i.e. ISRO, Hindustan Aeronautics Limited (HAL), Lockheed Martin and Elbit Systems) in an effort to expand its technological capabilities and gain access to new markets. As India continues to establish itself as an originator and a leader in the manufacture of drones and as the drone sector continues to expand rapidly, Garuda plans to increase its production capacity, develop new research & development projects and prepare for a possible initial public offering (IPO) in the future. Moreover, Garuda is positioned to become one of the leading companies in India's drone technology industry.

• Garuda Aerospace is one of India’s top drone manufacturers for agricultural systems, defence systems, surveillance, and industrial systems. Garuda is also one of India’s fastest growing drone manufacturers.

• With around 70% of its revenue derived from their Precision Farming solutions; Garuda is a leader in Agri-tech.

• Garuda has experienced rapid financial growth while also maintaining profitability; this illustrates the company’s strong operating principles and solid business fundamentals.

• Garuda has strategic partnerships with such organizations as ISRO (Indian Space Research Organisation), HAL (Hindustan Aeronautics Limited), Lockheed Martin, and Elbit Systems which provide additional advantages to its technological capabilities and strengthens their overall position within the drone manufacturing market.

• Currently Garuda operates more than 4,000 drones with over 4,000 qualified pilots throughout more than 80 cities in India.

• Garuda will continue its expansion across India by utilizing drone technology, investing in future expansion opportunities, and ultimately growing from India’s expanding drone ecosystem with an anticipated future IPO.