Company lists
The Gujarat edition · 2026

Aerospace, maritime and defense techcompanies in Gujarat

Drones, space, maritime, defence, aerospace and more: the companies building aerospace, maritime and defense tech in Gujarat, with their founders, funding, team size and business models.

59 company profiles27 with reported revenue10 with recorded fundingOctober 2026 edition

Recent aerospace, maritime and defense tech business events in India

Funding, M&A, contract wins and launches involving 1,313 aerospace, maritime and defense tech companies in India, last 24 months: 89 funding rounds · 70 Contracts · 29 M&A deals · 7 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

ContractSupply

Fotokite · client: Garuda aerospace

In another cross-border mandate, the firm advised on an exclusive reseller agreement between Garuda Aerospace and Fotokite US LLC, under which Garuda was appointed as the authorised…

Drone technology
ContractService

Black legend capital · client: Garuda aerospace

The firm further assisted Garuda Aerospace in entering into a consulting agreement with California-based Black Legend Capital LLC for financial advisory, business development support,…

Financial advisory
ContractSupply

Redington · client: Garuda aerospace

AMS Legal also advised on a distribution agreement with Redington Limited for the distribution of Garuda Aerospace products within India.

Drone technology
ContractDefense

Innomet Advanced Materials · client: Bharat dynamics

Simultaneously, the manufacturing firm expanded its footprint within the sovereign defense supply chain by solidifying a separate purchase agreement worth approximately ₹1.05 crore with…

Defense
ContractTechnology

Na · client: Garuda aerospace

The mandates included the preparation of a Request for Proposal (RFP) for Garuda Aerospace's proposed Drone-as-a-Service (DaaS) Platform, a project valued at approximately ₹1 crore.

Drone technology
FundingSeed

Zerodrag

ZERODRAG, an IIT Delhi-incubated startup, announced it has raised $682K in seed funding.

FundingSeries X

Optimized electrotech

Optimized Electrotech raised about $3.7 million to expand from defence systems into space‑based sensing technologies.

Investors Na
Deeptech
M&AAcquisition · Announced

Indo National Limited acquires Aidin technologies

The Board of Directors of Indo-National, at its meeting held on Thursday, approved the proposed acquisition of 51 per cent of the paid-up share capital of Aidin Technologies Private…

Aerospace and Defence
Funding

Optimized electrotech

Deeptech startup Optimized Electrotech has raised ₹35 Cr (about $3.7 Mn) in a funding round led by Exfinity Ventures, with participation from Blume Ventures, Mela Ventures and Venture…

Investors Exfinity Ventures, Blume ventures, Mela Ventures, Venture Catalysts Group Angel Fund
Space, defence, imaging
Funding

Sarla Aviation

Sarla Aviation and IndiGo have announced a strategic equity investment of ₹10 crore by IndiGo Ventures in Sarla Aviation.

Investors IndiGo Ventures
EVTOL, Urban Air Mobility
Funding

Octobotics

Deals in 2026 so far include $28 million funding for Unbox Robotics, apart from investments in robotics hardware startup Armatrix as well as robotics inspection and maintenance company…

Robotics
ContractService

Innefu Labs · client: Ministry of Electronics and IT (MeitY), Government of India

The primary objective of the exercise was price discovery, with Innefu Labs emerging as the lowest bidder (L1) for providing on-demand AI manpower at approximately Rs 40 lakh per month…

Technology
FundingSeed

SatLeo Labs

Spacetech startup SatLeo Labs raises $5.5 mn in seed funding.

Funding

Xovian Aerospace

Spacetech startup Xovian Aerospace raised $2 million.

Spacetech
ContractService

The marcom avenue · client: Samtel avionics

New Delhi: The Marcom Avenue has secured the public relations mandate for Samtel Avionics following a competitive multi-agency pitch, marking a strategic move to strengthen the latter’s…

Aerospace and defence
ContractSupply

Mtar technologies · client: Na

MTAR Technologies has announced the receipt of a significant purchase order valued at ₹35.56 crore from an international entity in the energy sector.

Energy
FundingPre-Series B

Bellatrix aerospace

Bellatrix Aerospace Raises $20M in Pre-Series B Funding for Space Propulsion

Investors Cactus Partners, Hero Investment Office, 35North, IndusBridge
Space propulsion
FundingDebt

Skyroot aerospace

Spacetech startup Skyroot Aerospace has raised Rs 100 crore (around $10.75 million) in a debt round from BlackRock.

Investors Blackrock
Spacetech
ContractSupply

Avantel ltd · client: M/s. Zetwerk Manufacturing Businesses Limited

Rate Contract worth of Rs.459.90 Crore (Rupees Four Hundred Fifty-Nine Crore and Ninety Lakh Only) exclusive of taxes, vide Contract Ref No: ZMBL/Avantel/RTIS/01255079A/01, mail dated…

Technology
ContractGovernment

Garuda aerospace · client: Rajasthan Electronics & Instruments

Garuda Aerospace Ltd has secured a work contract from Rajasthan Electronics & Instruments Ltd (REIL), a “Mini Ratna” CPSU under the Government of India.

Drone Training / Aerospace
LaunchSHAKTI

Big bang boom solutions

Chennai-based Deep-tech company Big Bang Boom Solutions (BBBS), specialising in defense aerospace and space, has launched its new R&D hub SHAKTI to support its execution capabilities in…

R&D hub
FundingSeries B

Skye air mobility

Skye Air Mobility closed the first tranche of its series B, raising US$9 million to expand its drone delivery network and technology across the country.

Investors AVNM Ventures, Faad capital, Bajaj capital
Drone Delivery
Funding

Agnikul Cosmos

Chennai: The board of Tamil Nadu Industrial Development Corporation (Tidco) on Saturday approved investments of ₹25 crore each in space-tech startup AgniKul Cosmos and electric mobility…

Investors TIDCO
Space-tech
ContractTechnology

Ramco Systems · client: Tata advanced systems

Tata Advanced Systems Ltd (TASL) has chosen Ramco Systems‘ aviation software to digitally manage its upcoming maintenance, repair, and overhaul (MRO) facility for the Indian Air Force’s…

Defense
Funding

Kalam labs

Zomato founder Deepinder Goyal is in advanced discussions to invest about $1 million (around Rs 9 crore) in space technology startup Kalam Labs, according to people familiar with the…

Investors Deepinder Goyal, Globaz Technologies
Space technology
ContractTechnology

Ramco Systems · client: Sahar group

Ramco Systems Corporation, USA (RSC), a subsidiary of Ramco Systems Limited, has announced that Sahar Group, an aerospace services provider specialising in the UH-60 Black Hawk platform,…

Aerospace
Funding

Spectragaze systems

Kaynes Semicon, a subsidiary of Kaynes Technology India Ltd, has committed ₹500 crore to Ahmedabad-based startup SpectraGaze Systems.

Investors Kaynes Semicon
Semiconductor
FundingGrand

Constelli

Aerospace and defence tech startup Constelli has raised $20 million in a funding round led by Silicon Valley-based venture capital firm General Catalyst.

Investors General catalyst, 360 One Asset Management, Pravega Ventures
Aerospace and defence tech
M&AAcquisition · Completed

LAT Aerospace acquires Sharang Shakti

LAT Aerospace has acquired Sharang Shakti, an early-stage defence robotics startup based in Gurgaon. This is our first move toward building indigenous defence capabilities alongside our…

Defence robotics
LaunchAI-driven doorstep delivery system

Skye air

Skye Air, a Gurugram-based drone delivery company, has launched India’s first AI-driven doorstep delivery system, combining drones with autonomous robots.

Delivery system

Aerospace, maritime and defense tech companies in Gujarat, by revenue

Browse aerospace, maritime and defense tech companies in Gujarat by reported revenue, one-year revenue growth, revenue model, age and stage. The 27 companies below are the largest by their most recent reported revenue among 27 aerospace, maritime and defense tech companies in Gujarat that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 27

Developer of advanced haemostat and wound care dressing products

Wound care
₹19.90 crFY 2023-24
-17%2023–2024
130-24% 12 mo to Sep 2024LinkedIn · Jul 2026
18 yr2008
0none in 3 months

Provider of camera-based drone systems for consumers

Drones
₹16.71 crFY 2024-25
+24%2024–2025
63LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Manufacturer of satellite communication antennas, VSAT, and related control systems

Space tech
₹11.96 crFY 2024-25
-29%2024–2025
14LinkedIn · Jul 2026
30 yr1996
0none in 3 months

Provider of drone-based services for surveying, construction, agriculture, and inspection

Drones
₹7.79 crFY 2024-25
+117%2024–2025
45+83% 12 mo to Jul 2024LinkedIn · Jul 2026
10 yr2016
0none in 3 months · last posted Apr 2026

Developer a constellation of SAR and AIS satellites for persistent maritime surveillance

Data as a service
₹5.09 crFY 2024-25
+270%2024–2025
59LinkedIn · Jul 2026
3 yr2023
2postings · last posted Sep 2026

Robotics manufacturing solutions for industrial use

Manufacturing tech
₹4.88 crFY 2024-25
-20%2024–2025
39-53% 12 mo to Sep 2024LinkedIn · Jul 2026
19 yr2007
0none in 3 months · last posted May 2026

Provider of drone-based data acquisition, processing, and analytics services

Drones
₹4.46 crFY 2024-25
-21%2024–2025
71-33% 12 mo to Aug 2024LinkedIn · Jul 2026
13 yr2013
2postings · last posted Sep 2026

AI-powered surveillance and access control systems

Military tech
₹3.75 crFY 2024-25
-31%2024–2025
70-1% 12 mo to Sep 2024LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Manufacturer of first-person view drones, drone labs, and drone pilot training

Drones
₹2.65 crFY 2024-25
+81%2024–2025
38LinkedIn · Jul 2026
6 yr2020
0none in 3 months · last posted May 2026

Geo-exploratory services provider

Geographic information systems
₹1.20 crFY 2024-25
-31%2024–2025
15LinkedIn · Jul 2026
11 yr2015
0none in 3 months

Provider of drone services for spatial assessments

Drones
₹1.09 crFY 2024-25
+73%2024–2025
8LinkedIn · Jul 2026
7 yr2019
0none in 3 months · last posted Oct 2025

Provider of drone solutions for aerial filming, surveying, and agriculture

Drones
₹1.03 crFY 2024-25
+51%2024–2025
7LinkedIn · Jul 2026
16 yr2010
0none in 3 months

Online platform for advanced electronic support systems and RF technology in defense

Military tech
₹72.67 lakhFY 2024-25
-14%2024–2025
—Not available
9 yr2017
0none in 3 months

Manufacturer of drone and UAV solutions for various industries

Drones
₹67.27 lakhFY 2024-25
Not reported
22LinkedIn · Jul 2026
3 yr2023
0none in 3 months

Manufacturer of small satellites, subsystems, testing services, and related technologies

Space tech
₹62.69 lakhFY 2024-25
-24%2024–2025
144+10% 12 mo to Sep 2024LinkedIn · Jul 2026
7 yr2019
0none in 3 months · last posted Jun 2026

Manufacturer of unmanned aerial vehicles and related services

Drones
₹44.54 lakhFY 2024-25
-6%2024–2025
2LinkedIn · Jul 2026
12 yr2014
0none in 3 months

Manufacturer of rockets and provider of space technology workshops

Space tech
₹34.24 lakhFY 2024-25
+11%2024–2025
72LinkedIn · Jul 2026
6 yr2020
0none in 3 months

Developer of autonomous drones for indoor applications

Drones
₹32.05 lakhFY 2024-25
Not reported
5LinkedIn · Jul 2026
3 yr2023
0none in 3 months · last posted Apr 2026

Developer of fully reusable rocket technology with rapid launch capabilities

Space tech
₹17.50 lakhFY 2024-25
+75%2024–2025
9LinkedIn · Jul 2026
4 yr2022
0none in 3 months

Manufacturer of electric motors and controllers for drone and EV applications

Drones
₹15.91 lakhFY 2024-25
+59%2024–2025
1LinkedIn · Jul 2026
11 yr2015
0none in 3 months

Provider of an aerospace company that designs, manufactures, and launches high-tech space technology products and offers space education and internship programs

Newspace
₹14.57 lakhFY 2022-23
Not reported
—Not available
6 yr2020
—No postings tracked

Developer of hybrid-electric STOL aircraft

Aerospace tech
₹11.46 lakhFY 2024-25
-38%2024–2025
—Not available
3 yr2023
0none in 3 months · last posted Jul 2026

Provider of FPV drone manufacturer

Drones
₹11.36 lakhFY 2024-25
+31%2024–2025
2LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Developer of software streamlining Earth observation data acquisition and task management

Space tech
₹4.25 lakhFY 2024-25
Not reported
4LinkedIn · Jul 2026
2 yr2024
0none in 3 months

Platform offering thermal intelligence from space using microsatellite constellation data

Security & surveillance technology
₹3.40 lakhFY 2024-25
-88%2024–2025
22LinkedIn · Jul 2026
3 yr2023
0none in 3 months
27 of 59 companies shown here · the full list is on Radar
Fliar Radar

Explore all 59 aerospace, maritime and defense tech companies in Gujarat on Radar

This page shows the top 27. Radar has the complete, filterable list with contacts and live company signals.

Open aerospace, maritime and defense tech in Gujarat on Radar
  • Every company, not just 50All 59 aerospace, maritime and defense tech companies in Gujarat, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
  • Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
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Explore aerospace, maritime and defense tech companies in Gujarat by what you are looking for

Find aerospace, maritime and defense tech companies in Gujarat, from drone makers and satellite developers to shipping software and military technology. Compare top aerospace and defence companies by what they build.

7 ways to explore aerospace, maritime and defense tech in Gujarat

Drone manufacturers & drone service companiesSpace tech & satellite companiesMaritime, shipping & port technology companiesDefence & military technology companiesAircraft & aerospace technology companiesAerospace, maritime and defense tech startups in Gujarat

Drone manufacturers & drone service companies

Makers of commercial, agricultural and FPV drones and drone-based services.

  1. Electrobotic

    Provider of camera-based drone systems for consumers

    Drones
    See in list
  2. Dronelab

    Provider of drone-based services for surveying, construction, agriculture, and inspection

    Drones
    See in list
  3. EnerComp Solutions

    Provider of drone-based data acquisition, processing, and analytics services

    Drones
    See in list
  4. insideFPV

    Manufacturer of first-person view drones, drone labs, and drone pilot training

    Drones
    See in list
  5. AccionLAND

    Provider of drone services for spatial assessments

    Drones
    See in list

Space tech & satellite companies

Satellite makers, launch vehicle developers and earth observation providers.

  1. Sumeru Microwave Communications

    Manufacturer of satellite communication antennas, VSAT, and related control systems

    Space tech
    See in list
  2. PierSight

    Developer a constellation of SAR and AIS satellites for persistent maritime surveillance

    Data as a service
    See in list
  3. GeoCarte

    Geo-exploratory services provider

    Geographic information systems
    See in list
  4. Azista BST Aerospace

    Manufacturer of small satellites, subsystems, testing services, and related technologies

    Space tech
    See in list
  5. Omspace Rocket and Exploration

    Manufacturer of rockets and provider of space technology workshops

    Space tech
    See in list

Maritime, shipping & port technology companies

Shipping management, container and port technology providers.

  1. PierSight

    Developer a constellation of SAR and AIS satellites for persistent maritime surveillance

    Data as a service
    See in list
  2. CASA

    Provider of web-based container inspection and management solutions

    Maritime tech
    Website
  3. Matchtech

    Container management and logistics solutions

    Logistics tech
    Website
  4. InfoMover

    Provider of cloud-based shipping management solutions

    Logistics tech
    Website
  5. Shallow Waterways Shipping

    Provider of container management solutions for port and inland water transportation

    Maritime tech
    Website

Defence & military technology companies

Surveillance, electronic support and battlefield technology providers.

  1. Axio

    Developer of advanced haemostat and wound care dressing products

    Wound care
    See in list
  2. Gridbots

    Robotics manufacturing solutions for industrial use

    Manufacturing tech
    See in list
  3. Optimized Electrotech

    AI-powered surveillance and access control systems

    Military tech
    See in list
  4. Infinity Radar

    Online platform for advanced electronic support systems and RF technology in defense

    Military tech
    See in list
  5. Drexon Industries

    Developer of AI-powered defense technologies for battlefield intelligence and combat

    Military tech
    Website

Aircraft & aerospace technology companies

Developers of aircraft, aviation software and aerospace components.

  1. Omspace Rocket and Exploration

    Provider of an aerospace company that designs, manufactures, and launches high-tech space technology products and offers space education and internship programs

    Newspace
    See in list
  2. Cligent Aerospace

    Developer of hybrid-electric STOL aircraft

    Aerospace tech
    See in list
  3. Aviation Billing Solution

    Offers cloud-based revenue management and billing solutions for the aviation industry

    Aviation it
    Website
  4. Anywherelogbook

    Provider of a digital platform for aircraft maintenance logbook management

    Aerospace tech
    Website
  5. Gridbots

    Robotics manufacturing solutions for industrial use

    Manufacturing tech
    See in list

Aerospace, maritime and defense tech startups in Gujarat

Newer aerospace, maritime and defense tech companies in Gujarat.

  1. PierSight

    Developer a constellation of SAR and AIS satellites for persistent maritime surveillance

    Data as a service
    See in list
  2. Airotor Technologies

    Manufacturer of drone and UAV solutions for various industries

    Drones
    See in list
  3. InvenCo-AI

    Developer of autonomous drones for indoor applications

    Drones
    See in list
  4. Spantrik

    Developer of fully reusable rocket technology with rapid launch capabilities

    Space tech
    See in list
  5. Cligent Aerospace

    Developer of hybrid-electric STOL aircraft

    Aerospace tech
    See in list
26 companies in Gujarat

Aerospace, maritime and defense tech companies hiring in Gujarat

Companies in Gujarat with open roles in this sector.

  1. Dronelab

    Provider of drone-based services for surveying, construction, agriculture, and inspection

    Drones
    See in list
  2. PierSight

    Developer a constellation of SAR and AIS satellites for persistent maritime surveillance

    Data as a service
    See in list
  3. Gridbots

    Robotics manufacturing solutions for industrial use

    Manufacturing tech
    See in list
  4. EnerComp Solutions

    Provider of drone-based data acquisition, processing, and analytics services

    Drones
    See in list
  5. insideFPV

    Manufacturer of first-person view drones, drone labs, and drone pilot training

    Drones
    See in list
10 companies in Gujarat
The business behind the activity

Aerospace, maritime and defense tech financials in Gujarat

Revenue, profit and growth from the filed annual accounts of 25 aerospace, maritime and defense tech companies in Gujarat for FY24-25 — 27 of the 59 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 73% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹63.62 cr

25 companies filing accounts

combined net profit−₹26.89 cr

-42.3% aggregate margin

are profitable52%

13 of 25 companies

median revenue~₹45 lakh

the typical company

median revenue growth+11%

into FY24-25

earned by the top five73%

revenue concentration

Six-year view

Combined revenue of filing companies

₹42.83 crFY19-2010 filers
₹32.81 crFY20-2111 filers
₹44.30 crFY21-2213 filers
₹73.27 crFY22-2317 filers
₹78.80 crFY23-2421 filers
₹63.62 crFY24-2525 filers

The number of companies filing changes each year; the three-year cohort below compares like with like.

Like-for-like

The same 15 companies over three years

+17%
FY22-23₹48.84 cr−₹6.17 cr net
FY23-24₹57.63 cr−₹18.54 cr net
FY24-25₹57.29 cr−₹25.29 cr net

Companies with accounts for all three years, so growth is not an artefact of who filed.

Scale and profit

Bigger companies are far more often profitable

Under ₹1 cr1436% profitable
₹1–10 cr967% profitable
₹10–100 cr2100% profitable
₹100–1,000 cr0—
Over ₹1,000 cr0—

Companies by FY24-25 revenue. Bars show how many companies sit in each band.

Momentum

How fast revenue moved into FY24-25

Shrinking9
0–20%1
20–50%2
50–100%5
Doubled+2

19 companies with accounts for both years; median growth +11%.

Profitability

Profit is concentrated at the top

13profitable
12loss-making
-42.3%aggregate margin
0.4%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
ElectroboticELECTROBOTIC MANUFACTURING PRIVATE LIMITED+24%₹16.71 cr
Sumeru Microwave CommunicationsSUMERU MICROWAVE COMMUNICATIONS PRIVATE LIMITED-29%₹11.96 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
ElectroboticELECTROBOTIC MANUFACTURING PRIVATE LIMITED6.3%₹16.71 cr
Sumeru Microwave CommunicationsSUMERU MICROWAVE COMMUNICATIONS PRIVATE LIMITED0.4%₹11.96 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Drones12₹35.40 cr~₹74 lakh75%4.2%
Space tech6₹13.15 cr~₹26 lakh33%-133.2%
Leaders

Largest aerospace, maritime and defense tech companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
ElectroboticELECTROBOTIC MANUFACTURING PRIVATE LIMITED₹16.71 cr₹1.05 cr6.3%+24%
Sumeru Microwave CommunicationsSUMERU MICROWAVE COMMUNICATIONS PRIVATE LIMITED₹11.96 cr₹4.54 lakh0.4%-29%
DronelabDRONELAB TECHNOLOGIES PRIVATE LIMITED₹7.79 cr₹89.76 lakh11.5%+117%
PierSightPIERSIGHT SPACE PRIVATE LIMITED₹5.09 cr−₹30.57 lakh-6.0%—
GridbotsGRIDBOTS TECHNOLOGIES PRIVATE LIMITED₹4.88 cr₹26.16 lakh5.4%-20%
EnerComp SolutionsENERCOMP SOLUTIONS PRIVATE LIMITED₹4.46 cr₹17.09 lakh3.8%-22%
Optimized ElectrotechOPTIMIZED ELECTROTECH PRIVATE LIMITED₹3.75 cr−₹10.25 cr-273.5%-31%
insideFPVINSIDEFPV VENTURES PRIVATE LIMITED₹2.65 cr−₹66.19 lakh-24.9%+81%
GeoCarteGEOCARTE RADAR TECHNOLOGY PRIVATE LIMITED₹1.20 cr₹7.16 lakh6.0%-31%
AccionLANDACCIONLAND PRIVATE LIMITED₹1.09 cr₹5.32 lakh4.9%+73%
Some figures are available to Radar members.Log in to Radar to see every figure

Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

Industry landscape report

Aerospace, Maritime and Defense Tech Industry Landscape of India

The financials above are one chapter. The full aerospace, maritime and defense tech landscape of Gujarat maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.

  • Market map of every sub-sector
  • Funding & company formation by year
  • Revenue, profit & financial strength
  • Digital footprint: traffic, apps, releases
  • Hiring, skills & pay
  • Founders & leaders
  • News & sentiment
  • Where demand runs ahead of supply
Read the aerospace, maritime and defense tech landscape of Gujarat
For investors and data teams

Put this intelligence into your own tools

The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.

Capital & corporate activity

Aerospace, maritime and defense tech funding and M&A across India

731 recorded equity rounds have gone to 1,313 aerospace, maritime and defense tech companies in India — how much, at which stage, into which sub-sectors, from whom, and how Gujarat compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months48

US$306.35m

equity rounds, last 24 months162

US$731.24m

raised over five yearsUS$1.58bn

538 rounds in India

M&A deals, India29

last 24 months

Capital by year

Equity funding into aerospace, maritime and defense tech in India

amount rounds
$17m201831
$17m201938
$51m202039
$99m202162
$239m202291
$291m2023111
$291m2024135
$528m2025112
$129m202627

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2025, with US$528.20m across 112 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$27.96m83 rounds · median US$126k
SeedUS$318.95m332 rounds · median US$500k
Series AUS$441.10m75 rounds · median US$3.70m
Series BUS$608.43m39 rounds · median US$11.66m
Series CUS$159.99m7 rounds · median US$17.00m
Series D+US$20.46m1 rounds · median US$20.46m
Where the money went · five years

Most-funded sub-sectors

Space techUS$569.64m126 rounds · 43 companies
Military techUS$329.90m60 rounds · 24 companies
DronesUS$299.97m170 rounds · 66 companies
Electric vehiclesUS$53.09m9 rounds · 4 companies
Aviation itUS$40.08m13 rounds · 7 companies
Aerospace techUS$30.97m11 rounds · 7 companies
Embedded systemsUS$30.00m1 rounds · 1 companies
Corporate activity · last 24 months

M&A in India

27Acquisition
2Merger

Most active acquirers

  1. Zen technologies7
  2. Dreamfolks Services3
  3. Adani defence & aerospace2
  4. Amazon2
  5. Indo National Limited1

Most acquired or merged

  1. Axio3
  2. Mtar technologies2
  3. Aidin technologies1
  4. Sharang Shakti1
  5. Ramco Systems1

Each deal appears in the events strip at the top of the page.

Go deeper in the aerospace, maritime and defense tech landscape reports:

Aerospace, Maritime and Defense Tech Industry Landscape of India

Aerospace, maritime and defense tech funding in Gujarat

10 aerospace, maritime and defense tech companies in Gujarat have recorded equity funding, US$61.46m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Gujarat

Meet the people behind aerospace, maritime and defense tech companies in Gujarat. 41 of 59 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Gujarat aerospace, maritime and defense tech companies by sub-sector

The most common specialisations among aerospace, maritime and defense tech companies in Gujarat. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring aerospace, maritime and defense tech in India and nearby markets.

Coming soon