Company lists
The India edition · 2026

Aerospace, maritime and defense techcompanies in India

Aerospace, drones, space tech, defense, maritime and more: the companies building aerospace, maritime and defense tech in India, with their founders, funding, team size and business models.

1,135 company profiles521 with reported revenue200 with recorded fundingSeptember 2026 edition
India · Photo: Wikimedia Commons (CC BY-SA 4.0)

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: 91 funding rounds · 75 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.

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

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
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 India, by revenue

Browse aerospace, maritime and defense tech companies in India by reported revenue, one-year revenue growth, revenue model, age and stage. The 50 companies below are the largest by their most recent reported revenue among 521 aerospace, maritime and defense tech companies in India 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 50

Develops and manufactures guided missiles and allied defense equipment

Drones
₹2,644.79 crFY 2022-23
Not reported
2,310-7% 12 mo to Aug 2024recorded Aug 2024
56 yr1970
—No postings tracked

Provider of software solutions for airline, hospitality, and logistics sectors

Aviation it
US$284.27mFY 2024-25
Not reported
6,197LinkedIn · Jul 2026
29 yr1997
10postings · last posted Sep 2026

RF and microwave sub-systems provider

Telecom infrastructure tech
₹1,068.71 crFY 2024-25
+16%2024–2025
161-89% 12 mo to Sep 2024recorded Sep 2024
33 yr1993
0none in 3 months

Provider of defence training simulators, combat training centers, and anti-drone systems

Military tech
₹1,032.03 crFY 2024-25
+127%2024–2025
639+22% 12 mo to Jul 2024LinkedIn · Jul 2026
33 yr1993
17postings · last posted Sep 2026

Provider of manufacturing services

Newspace
₹586.56 crFY 2023-24
Not reported
1,271+15% 12 mo to Sep 2023LinkedIn · Jul 2026
56 yr1970
0none in 3 months · last posted Jun 2026

Provider of enterprise resource planning, payroll, and logistics software solutions

Enterprise resource planning
₹596.87 crFY 2024-25
+13%2024–2025
3,951-17% 12 mo to Mar 2024LinkedIn · Jul 2026
29 yr1997
0none in 3 months

Provider of a support engineering for satellite components

Newspace
₹477.36 crFY 2022-23
Not reported
288+25% 12 mo to Jun 2024LinkedIn · Jul 2026
18 yr2008
0none in 3 months

Provider of digital airport consulting services

Aviation it
₹401.97 crFY 2022-23
Not reported
619LinkedIn · Jul 2026
17 yr2009
—No postings tracked

Provider of advanced electronic system-level products and technology solutions

Embedded systems
₹334.84 crFY 2024-25
+31%2024–2025
781-40% 12 mo to Sep 2024LinkedIn · Jul 2026
27 yr1999
0none in 3 months · last posted Apr 2026

Satellite communication services provider

Telecom operators
₹323.70 crFY 2024-25
+68%2024–2025
590+0% 12 mo to Mar 2024LinkedIn · Jul 2026
33 yr1993
0none in 3 months

Manufacturer of carbon fiber composite products and unmanned aerial vehicles

Military tech
₹267.57 crFY 2024-25
+211%2024–2025
540+46% 12 mo to Sep 2024LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Satellite Communication and Wireless System Provider

Telecom infrastructure tech
₹250.91 crFY 2024-25
+11%2024–2025
210+17% 12 mo to Sep 2024LinkedIn · Jul 2026
33 yr1993
1postings · last posted Aug 2026

Provider of cloud-based container management solutions

Maritime tech
₹248.16 crFY 2024-25
+39%2024–2025
190LinkedIn · Jul 2026
17 yr2009
0none in 3 months

Designer, manufacturer, supplier, and service provider of unmanned systems

Drones
₹208.35 crFY 2024-25
-16%2024–2025
88+28% 12 mo to Sep 2024LinkedIn · Jul 2026
22 yr2004
0none in 3 months

Manufacturer of commercial drones for multiple applications

Drones
₹191.39 crFY 2024-25
+249%2024–2025
—Not available
5 yr2021
0none in 3 months

Developer of unmanned aerial vehicles

Drones
₹182.38 crFY 2024-25
-47%2024–2025
717+38% 12 mo to Sep 2024LinkedIn · Jul 2026
19 yr2007
25postings · last posted Sep 2026

Provider of document management solutions for maritime industry

Maritime tech
₹138.92 crFY 2022-23
+10%2022–2023
375-63% 12 mo to Jul 2024recorded Jul 2024
7 yr2019
0none in 3 months

Manufacturer of drones and accessories for defense applications

Military tech
₹131.74 crFY 2024-25
+884%2024–2025
13+29% 12 mo to Aug 2024LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Provider of unmanned aerial vehicles for agricultural and industrial applications

Drones
₹124.80 crFY 2024-25
+13%2024–2025
565-24% 12 mo to Sep 2024LinkedIn · Jul 2026
11 yr2015
4postings · last posted Aug 2026

Developer of C4ISR solutions for the military

Military tech
₹117.46 crFY 2024-25
+184%2024–2025
139+27% 12 mo to Sep 2024LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Provider of AI-driven platform for end-to-end design and deployment of satellites

Space tech
₹111.87 crFY 2024-25
+2882%2024–2025
63LinkedIn · Jul 2026
3 yr2023
0none in 3 months · last posted Apr 2026

Manufacturer of a quadcopter drone for multiple civilian and military applications

Military tech
₹107.62 crFY 2024-25
Not reported
240+184% 12 mo to Sep 2024LinkedIn · Jul 2026
11 yr2015
1postings · last posted Jul 2026

Provider of online B2B marketplace for maritime services and logistics

Logistics tech
SGD 16.60mFY 2024-25
+21%2024–2025
84LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Provider of AI-driven data analytics and information security solutions

Cybersecurity
₹104.71 crFY 2024-25
+64%2024–2025
378+20% 12 mo to Sep 2024LinkedIn · Jul 2026
16 yr2010
11postings · last posted Sep 2026

Manufacturer of control systems for the marine, ground and aerospace industries

Aerospace tech
₹100.99 crFY 2024-25
-3%2024–2025
478-2% 12 mo to Jun 2023LinkedIn · Jul 2026
32 yr1994
0none in 3 months
50 of 1,135 companies shown here · the full list is on Radar
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Explore aerospace, maritime and defense tech companies in India by what you are looking for

Discover aerospace companies in India, from drone makers and space tech startups to avionics and defense contractors. You can also browse maritime tech companies in India and aerospace startups in India.

9 ways to explore aerospace, maritime and defense tech in India

Aerospace & avionics companiesDrone manufacturers & drone service companiesSpace tech & satellite companiesDefense & military technology companiesMaritime & shipping tech companiesAgri-drone & crop tech companies

Aerospace & avionics companies

Makers of avionics, aircraft parts and aerospace engineering services.

  1. Nucon Aerospace

    Manufacturer of control systems for the marine, ground and aerospace industries

    Aerospace tech
    See in list
  2. Aidin Technologies

    Provider of advanced defense and aerospace solutions

    Space tech
    See in list
  3. Samtel Avionics

    Provider of a rugged solution to the military

    Aerospace tech
    See in list
  4. Halbit Avionics

    Avionics systems for aircraft

    Aerospace tech
    Website
  5. FleetRF

    Provider of avionic systems for aircraft

    Aerospace tech
    Website

Drone manufacturers & drone service companies

Companies building drones and offering drone services and software.

  1. Zen Technologies

    Provider of defence training simulators, combat training centers, and anti-drone systems

    Military tech
    See in list
  2. Raphe

    Manufacturer of carbon fiber composite products and unmanned aerial vehicles

    Military tech
    See in list
  3. Anadrone

    Designer, manufacturer, supplier, and service provider of unmanned systems

    Drones
    See in list
  4. ZMotion Autonomous Systems

    Manufacturer of drones and accessories for defense applications

    Military tech
    See in list
  5. Garuda Aerospace

    Provider of unmanned aerial vehicles for agricultural and industrial applications

    Drones
    See in list

Space tech & satellite companies

Satellite, launch vehicle and space hardware and services companies.

  1. MTAR

    Provider of manufacturing services

    Newspace
    See in list
  2. FLDEC

    Provider of a support engineering for satellite components

    Newspace
    See in list
  3. Hughes Communications India

    Satellite communication services provider

    Telecom operators
    See in list
  4. Avantel

    Satellite Communication and Wireless System Provider

    Telecom infrastructure tech
    See in list
  5. Antaris Space

    Provider of AI-driven platform for end-to-end design and deployment of satellites

    Space tech
    See in list

Defense & military technology companies

Defense contractors and makers of military systems and surveillance tech.

  1. Zen Technologies

    Provider of defence training simulators, combat training centers, and anti-drone systems

    Military tech
    See in list
  2. Raphe

    Manufacturer of carbon fiber composite products and unmanned aerial vehicles

    Military tech
    See in list
  3. Anadrone

    Designer, manufacturer, supplier, and service provider of unmanned systems

    Drones
    See in list
  4. ZMotion Autonomous Systems

    Manufacturer of drones and accessories for defense applications

    Military tech
    See in list
  5. C2C Advanced Systems

    Developer of C4ISR solutions for the military

    Military tech
    See in list

Maritime & shipping tech companies

Software and technology for shipping, ports and maritime operations.

  1. Econship

    Provider of cloud-based container management solutions

    Maritime tech
    See in list
  2. Master Marine Digitech3

    Provider of document management solutions for maritime industry

    Maritime tech
    See in list
  3. ShipsKart

    Provider of online B2B marketplace for maritime services and logistics

    Logistics tech
    See in list
  4. Solverminds

    Enterprise solutions for maritime transport

    Logistics tech
    See in list
  5. Blue Water

    Provider of AI-powered solutions for maritime voyage optimization and vessel performance

    Maritime tech
    See in list

Agri-drone & crop tech companies

Drone and satellite based solutions for farming and crop management.

  1. Garuda Aerospace

    Provider of unmanned aerial vehicles for agricultural and industrial applications

    Drones
    See in list
  2. AVPL International

    Provider of drone technology manufacturing training and aerial precision services

    Drones
    See in list
  3. Indrones

    Provider of drone-based data acquisition and analysis for various industries

    Drones
    Website
  4. Hubblefly Technologies

    Manufacturer of unmanned aerial vehicles for agriculture, surveying, and surveillance

    Drones
    Website
  5. Marut Drones

    Manufacturer of drones for agriculture, training, afforestation, and mosquito eradication

    Drones
    Website

Aviation software & airport tech companies

Software for airlines, airports and air cargo.

  1. IBS Software Services

    Provider of software solutions for airline, hospitality, and logistics sectors

    Aviation it
    See in list
  2. Ramco

    Provider of enterprise resource planning, payroll, and logistics software solutions

    Enterprise resource planning
    See in list
  3. WAISL

    Provider of digital airport consulting services

    Aviation it
    See in list
  4. Verteil Technologies

    Provider of cloud-based NDC aggregator platform for the airline industry

    Aviation it
    Website
  5. SpiceTech Systems

    Provider of web-based applications for the aviation industry

    Aviation it
    Website
65 companies in India

Aerospace, maritime and defense tech startups in India

Newer companies founded in the last few years.

  1. Trentar

    Manufacturer of commercial drones for multiple applications

    Drones
    See in list
  2. Antaris Space

    Provider of AI-driven platform for end-to-end design and deployment of satellites

    Space tech
    See in list
  3. XDLINX

    Developer of satellite platforms for intelligence, surveillance, and reconnaissance missions

    Space tech
    See in list
  4. PRYM Aerospace

    Provides of unmanned aerial vehicle solutions for various industries

    Drones
    See in list
  5. Indrajaal

    Developer of autonomous, AI-powered counter-unmanned aerial system defense solutions

    Drones
    Website
395 companies in India

Listed aerospace and defense companies in India

Publicly traded aerospace and defense companies.

  1. Bharat Dynamics

    Develops and manufactures guided missiles and allied defense equipment

    Drones
    See in list
  2. Astra Microwave Products

    RF and microwave sub-systems provider

    Telecom infrastructure tech
    See in list
  3. Zen Technologies

    Provider of defence training simulators, combat training centers, and anti-drone systems

    Military tech
    See in list
  4. MTAR

    Provider of manufacturing services

    Newspace
    See in list
  5. Ramco

    Provider of enterprise resource planning, payroll, and logistics software solutions

    Enterprise resource planning
    See in list
15 companies in India
Mobile reach

Top 10 aerospace, maritime and defense tech apps from India

The most-installed Android apps published by aerospace, maritime and defense tech companies headquartered in India — 5.5M installs between them. 64 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

Fighter Pilot: HeavyFire

by ThreyeInc

Installs2.0M
Rating3.9711K ratings
Last updatedNov 2025
View on Google Play ↗
Fighter Pilot: HeavyFire screenshot 1Fighter Pilot: HeavyFire screenshot 2Fighter Pilot: HeavyFire screenshot 3Fighter Pilot: HeavyFire screenshot 4Fighter Pilot: HeavyFire screenshot 5Fighter Pilot: HeavyFire screenshot 6
2

Find Starlink Satellites

by Find Starlink Satellites

Installs1.1M
Rating4.072K ratings
Installs, year on year+15%
Last updatedOct 2023
View on Google Play ↗
Find Starlink Satellites screenshot 1Find Starlink Satellites screenshot 2Find Starlink Satellites screenshot 3Find Starlink Satellites screenshot 4
4

Ramco Mobile Hub

by Ramco

Installs541K
Rating3.53K ratings
Last updatedSep 2021
View on Google Play ↗
Ramco Mobile Hub screenshot 1Ramco Mobile Hub screenshot 2Ramco Mobile Hub screenshot 3
5

DreamFolks

by Dreamfolks

Installs437K
Rating—
Installs, year on year+29%
Last updatedFeb 2026
View on Google Play ↗
DreamFolks screenshot 1DreamFolks screenshot 2DreamFolks screenshot 3DreamFolks screenshot 4DreamFolks screenshot 5DreamFolks screenshot 6
7

NLDSL LDB

by LDB

Installs43K
Rating—
Last updatedSep 2025
View on Google Play ↗
NLDSL LDB screenshot 1NLDSL LDB screenshot 2NLDSL LDB screenshot 3NLDSL LDB screenshot 4NLDSL LDB screenshot 5NLDSL LDB screenshot 6
10

IZI GO

by IZI

Installs26K
Rating—
Last updatedMay 2025
View on Google Play ↗
IZI GO screenshot 1IZI GO screenshot 2IZI GO screenshot 3IZI GO screenshot 4IZI GO screenshot 5IZI GO screenshot 6
The business behind the activity

Aerospace, maritime and defense tech financials in India

Revenue, profit and growth from the filed annual accounts of 449 aerospace, maritime and defense tech companies in India for FY24-25 — 564 of the 1,135 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 53% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹12,848.25 cr

449 companies filing accounts

combined net profit₹1,159.13 cr

9.0% aggregate margin

are profitable55%

247 of 449 companies

median revenue~₹1.3 cr

the typical company

median revenue growth+31%

into FY24-25

earned by the top five53%

revenue concentration

Six-year view

Combined revenue of filing companies

₹5,230.60 crFY19-20230 filers
₹4,328.75 crFY20-21277 filers
₹7,078.88 crFY21-22328 filers
₹8,332.05 crFY22-23382 filers
₹10,448.07 crFY23-24432 filers
₹12,848.25 crFY24-25449 filers

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

Like-for-like

The same 319 companies over three years

+78%
FY22-23₹7,031.38 cr₹593.45 cr net
FY23-24₹9,591.46 cr₹1,111.51 cr net
FY24-25₹12,548.37 cr₹1,194.71 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 cr19629% profitable
₹1–10 cr14569% profitable
₹10–100 cr8881% profitable
₹100–1,000 cr18100% profitable
Over ₹1,000 cr2100% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking128
0–20%45
20–50%46
50–100%47
Doubled+119

385 companies with accounts for both years; median growth +31%.

Profitability

Profit is concentrated at the top

247profitable
202loss-making
9.0%aggregate margin
0.7%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
ZMotion Autonomous SystemsZMOTION AUTONOMOUS SYSTEMS PRIVATE LIMITED+884%₹131.74 cr
Classic Tecnologistics & TradeCLASSIC TECNOLOGISTICS & TRADE PRIVATE LIMITED
Skylark DronesSKYLARK DRONES PRIVATE LIMITED+422%
IIO TechnologiesIIO TECHNOLOGIES PRIVATE LIMITED
EndureAir SystemsENDUREAIR SYSTEMS PRIVATE LIMITED+346%₹13.24 cr
Verteil TechnologiesVERTEIL TECHNOLOGIES PRIVATE LIMITED+314%₹26.13 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Eon InfotechEON INFOTECH LIMITED
Innefu LabsINNEFU LABS LIMITED32.7%₹104.71 cr
BotLab DynamicsBOTLAB DYNAMICS PRIVATE LIMITED
Blue WaterBLUEWATER TRADE WINDS PRIVATE LIMITED
ExicomEXICOM TECHNOLOGIES INDIA PRIVATE LIMITED31.5%₹33.60 cr
Sagar Defence EngineeringSAGAR DEFENCE ENGINEERING PRIVATE LIMITED31.0%₹107.62 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Drones171₹5,258.11 cr~₹1.2 cr58%11.2%
Military tech48₹2,321.49 cr~₹9.4 cr69%17.5%
Aviation it23₹761.66 cr~₹2.1 cr65%11.2%
Maritime tech23₹553.71 cr~₹4.1 cr87%12.6%
Space tech65₹450.95 cr~₹32 lakh29%-63.5%
Aerospace tech13₹235.09 cr~₹1.0 cr54%12.2%
Logistics tech19₹214.75 cr~₹1.3 cr58%-11.6%
Geographic information systems8₹59.67 cr~₹3.1 cr88%-9.3%
Leaders

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

Company · legal entityRevenueNet resultMarginGrowth
Bharat DynamicsBHARAT DYNAMICS LIMITED₹3,695.45 cr₹549.65 cr14.9%+35%
Astra Microwave ProductsASTRA MICROWAVE PRODUCTS LIMITED₹1,062.20 cr₹143.39 cr13.5%+16%
Zen TechnologiesZEN TECHNOLOGIES LIMITED₹988.45 cr₹262.95 cr26.6%+123%
WAISLWAISL LIMITED₹623.26 cr₹105.00 cr16.8%+17%
Tonbo ImagingTONBO IMAGING INDIA LIMITED
CoreelCOREEL TECHNOLOGIES (INDIA) PRIVATE LIMITED₹334.84 cr₹52.33 cr15.6%+31%
Hughes Communications IndiaHCIL COMTEL PRIVATE LIMITED₹323.70 cr₹29.68 cr9.2%+68%
RapheRAPHE MPHIBR PRIVATE LIMITED₹267.57 cr₹6.50 cr2.4%+211%
AvantelAVANTEL LIMITED₹250.25 cr₹59.92 cr23.9%+11%
EconshipECONSHIP TECH PRIVATE LIMITED₹248.16 cr₹20.96 cr8.4%+39%
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 India 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 India
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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 India compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months53

US$318.37m

equity rounds, last 24 months170

US$766.02m

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.

Aerospace, maritime and defense tech funding in India

200 aerospace, maritime and defense tech companies in India have recorded equity funding, US$1.79bn in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in India

Meet the people behind aerospace, maritime and defense tech companies in India. 774 of 1,135 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

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

The most common specialisations among aerospace, maritime and defense tech companies in India. 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.

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