Company lists
The Kerala edition · 2026

Aerospace, maritime and defense techcompanies in Kerala

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

46 company profiles24 with reported revenue4 with recorded fundingOctober 2026 edition
Kerala · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 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: 88 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 Kerala, by revenue

Browse aerospace, maritime and defense tech companies in Kerala by reported revenue, one-year revenue growth, revenue model, age and stage. The 24 companies below are the largest by their most recent reported revenue among 24 aerospace, maritime and defense tech companies in Kerala that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 24 of 24

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

Aviation it
US$284.27mFY 2024-25
Not reported
6,192LinkedIn · Oct 2026
29 yr1997
7postings · last posted Sep 2026

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

Aviation it
₹25.99 crFY 2024-25
+313%2024–2025
224+49% 12 mo to Aug 2024LinkedIn · Jul 2026
10 yr2016
0none in 3 months · last posted May 2026

Developer of electro-optic devices, including thermal imaging and laser systems

Military tech
₹20.86 crFY 2024-25
+70%2024–2025
6LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Manufacturer of solar-electric and hybrid vessels for passenger, cargo, and defense

Electric vehicles
₹17.37 crFY 2024-25
+2%2024–2025
108-40% 12 mo to Sep 2024LinkedIn · Jul 2026
13 yr2013
0none in 3 months

Provider of software and engineering solutions for maritime management

Maritime tech
₹10.60 crFY 2024-25
+32%2024–2025
73LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Provider of autonomous underwater vehicles and data analytics platform services

Maritime tech
₹8.80 crFY 2024-25
+117%2024–2025
103+18% 12 mo to Aug 2024LinkedIn · Jul 2026
10 yr2016
0none in 3 months · last posted Jun 2026

Manufacturer of unmanned aerial vehicles for agricultural and surveillance applications

Drones
₹6.37 crFY 2024-25
+22%2024–2025
51LinkedIn · Jul 2026
6 yr2020
1postings · last posted Sep 2026

Provider of satellite platforms, sub-systems, and mission services for various customers

Space tech
₹3.73 crFY 2024-25
+297%2024–2025
—Not available
6 yr2020
0none in 3 months

Provider of antennas to the military

Military tech
₹2.48 crFY 2024-25
+3%2024–2025
12LinkedIn · Jul 2026
15 yr2011
0none in 3 months

Offers a suite of aviation solutions

Aviation it
₹2.09 crFY 2024-25
-34%2024–2025
—Not available
13 yr2013
0none in 3 months

Provider of aviation-related drone solutions

Drones
₹1.80 crFY 2021-22
+2131%2021–2022
2LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Provider of aerospace simulation software, trajectory optimization, and system development

Space tech
₹1.76 crFY 2024-25
+3050%2024–2025
13LinkedIn · Jul 2026
5 yr2021
0none in 3 months

Developer of artificial intelligence solutions for automating port operations

Computer vision
₹1.55 crFY 2024-25
+951%2024–2025
28LinkedIn · Jul 2026
5 yr2021
0none in 3 months · last posted Jul 2026

AI-powered software for maritime and terrestrial applications

Drones
₹1.43 crFY 2024-25
+1121%2024–2025
23LinkedIn · Jul 2026
8 yr2018
0none in 3 months · last posted Jan 2026

Provider of software solutions for the maritime industry

Maritime tech
₹42.02 lakhFY 2021-22
+312%2021–2022
74LinkedIn · Jul 2026
6 yr2020
0none in 3 months · last posted May 2026

Developer of 3D-printed drones and electronics-based products

3d printing
₹41.23 lakhFY 2024-25
+123%2024–2025
4LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Developer of software-defined radio systems for high-bandwidth video and data

Aerospace tech
₹33.78 lakhFY 2024-25
+154%2024–2025
—Not available
4 yr2022
0none in 3 months

Manufacturer of commercial drone systems for multiple applications

Drones
₹24.88 lakhFY 2021-22
Not reported
2-78% 12 mo to Sep 2023recorded Sep 2023
9 yr2017
—No postings tracked

Provider of customized unmanned aerial vehicles, anti-UAV systems, and IED detection

Drones
₹18.14 lakhFY 2024-25
+3863%2024–2025
7LinkedIn · Jul 2026
6 yr2020
0none in 3 months

Platform manufactures indigenous unmanned aerial vehicles and drones for various industrial and social applications.

Drones
₹14.65 lakhFY 2024-25
-59%2024–2025
3LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Developer of novel propulsion technologies for earth and lunar orbits

Space tech
₹10.00 lakhFY 2024-25
Not reported
4LinkedIn · Jul 2026
6 yr2020
0none in 3 months

Provider of web-based air cargo management software

Logistics tech
₹0.28 lakhFY 2021-22
Not reported
5LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Provider of small-scale rockets

Space tech
₹0.30 lakhFY 2024-25
-25%2024–2025
5LinkedIn · Jul 2026
3 yr2023
0none in 3 months

Developer of compact satellites and indigenous satellite technology solutions

Drones
₹0.00 lakhFY 2024-25
Not reported
18LinkedIn · Jul 2026
2 yr2024
0none in 3 months · last posted Jun 2026
24 of 46 companies shown here · the full list is on Radar
Fliar Radar

Explore all 46 aerospace, maritime and defense tech companies in Kerala on Radar

This page shows the top 24. Radar has the complete, filterable list with contacts and live company signals.

Open aerospace, maritime and defense tech in Kerala on Radar
  • Every company, not just 50All 46 aerospace, maritime and defense tech companies in Kerala, 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.
  • Save and exportBuild lists, compare companies side by side and export them from your Radar account.

Explore aerospace, maritime and defense tech companies in Kerala by what you are looking for

Browse aerospace, maritime and defense tech companies in Kerala, from drone makers to shipping software providers. Find top maritime tech companies, space startups and defence technology firms in Kerala.

8 ways to explore aerospace, maritime and defense tech in Kerala

Drone & unmanned aerial vehicle companiesMaritime technology & shipbuilding companiesShipping, cargo & logistics software companiesSpace technology & satellite companiesDefence technology companiesAviation software & airline IT companies

Drone & unmanned aerial vehicle companies

Makers of commercial drones, drone software and aerial surveying services.

  1. Fuselage Innovations

    Manufacturer of unmanned aerial vehicles for agricultural and surveillance applications

    Drones
    See in list
  2. Aidrone

    Provider of aviation-related drone solutions

    Drones
    See in list
  3. Docker Vision

    Developer of artificial intelligence solutions for automating port operations

    Computer vision
    See in list
  4. Savtoa Software Technologies

    AI-powered software for maritime and terrestrial applications

    Drones
    See in list
  5. Rovonize

    Developer of 3D-printed drones and electronics-based products

    3d printing
    See in list

Maritime technology & shipbuilding companies

Ship management software, port automation and electric vessel makers.

  1. Navalt

    Manufacturer of solar-electric and hybrid vessels for passenger, cargo, and defense

    Electric vehicles
    See in list
  2. Admaren

    Provider of software and engineering solutions for maritime management

    Maritime tech
    See in list
  3. EyeROV

    Provider of autonomous underwater vehicles and data analytics platform services

    Maritime tech
    See in list
  4. Docker Vision

    Developer of artificial intelligence solutions for automating port operations

    Computer vision
    See in list
  5. SpeeHive

    Provider of software solutions for the maritime industry

    Maritime tech
    See in list

Shipping, cargo & logistics software companies

Cloud software for freight, air cargo and fleet operations.

  1. Elliptia

    Provider of web-based air cargo management software

    Logistics tech
    See in list
  2. Oceanix

    Provider of cloud-based operational analytics solutions for shipping companies

    Logistics tech
    Website
  3. Fleett

    Provides cloud-based software solutions for ship management

    Maritime tech
    Website
  4. PRIME Marine

    Provider of diversified cloud-based shipping management systems

    Logistics tech
    Website
  5. inTEUtion

    Provider of cloud-based ERP solutions for the maritime industry

    Maritime tech
    Website

Space technology & satellite companies

Satellite, rocket and propulsion developers.

  1. HEX20

    Provider of satellite platforms, sub-systems, and mission services for various customers

    Space tech
    See in list
  2. InterCosmos

    Developer of novel propulsion technologies for earth and lunar orbits

    Space tech
    See in list
  3. Hathor Rockets

    Developer of modular liquid rocket engine

    Space tech
    Website
  4. Greenship

    Provider of vessel electrification systems and integration services for maritime transport

    Maritime tech
    Website
  5. WESAT

    Developer of satellite payloads and provider of graphic and web design

    Space tech
    Website

Defence technology companies

Military electro-optics, avionics, anti-UAV and surveillance systems.

  1. Ozak

    Developer of electro-optic devices, including thermal imaging and laser systems

    Military tech
    See in list
  2. EyeROV

    Provider of autonomous underwater vehicles and data analytics platform services

    Maritime tech
    See in list
  3. Spectrum Antenna & Avionics Systems

    Provider of antennas to the military

    Military tech
    See in list
  4. Asnaviram

    Developer of software-defined radio systems for high-bandwidth video and data

    Aerospace tech
    See in list
  5. AutoMicroUAS

    Manufacturer of commercial drone systems for multiple applications

    Drones
    See in list

Aviation software & airline IT companies

Software for airlines, airports and aviation operations.

  1. IBS Software Services

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

    Aviation it
    See in list
  2. Verteil Technologies

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

    Aviation it
    See in list
  3. Lenok Solutions

    Offers a suite of aviation solutions

    Aviation it
    See in list
  4. Elliptia

    Provider of web-based air cargo management software

    Logistics tech
    See in list
  5. Savtoa Software Technologies

    AI-powered software for maritime and terrestrial applications

    Drones
    See in list
5 companies in Kerala

Aerospace, maritime and defense tech startups in Kerala

Newer aerospace, maritime and defence tech companies in Kerala.

  1. SpaceLabs

    Provider of aerospace simulation software, trajectory optimization, and system development

    Space tech
    See in list
  2. Docker Vision

    Developer of artificial intelligence solutions for automating port operations

    Computer vision
    See in list
  3. Asnaviram

    Developer of software-defined radio systems for high-bandwidth video and data

    Aerospace tech
    See in list
  4. iAeroSky

    Provider of small-scale rockets

    Space tech
    See in list
  5. Tessat

    Developer of compact satellites and indigenous satellite technology solutions

    Drones
    See in list
14 companies in Kerala

Aerospace, maritime and defense tech companies hiring in Kerala

Aerospace and maritime tech companies in Kerala with open jobs.

  1. IBS Software Services

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

    Aviation it
    See in list
  2. Verteil Technologies

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

    Aviation it
    See in list
  3. EyeROV

    Provider of autonomous underwater vehicles and data analytics platform services

    Maritime tech
    See in list
  4. Fuselage Innovations

    Manufacturer of unmanned aerial vehicles for agricultural and surveillance applications

    Drones
    See in list
  5. Docker Vision

    Developer of artificial intelligence solutions for automating port operations

    Computer vision
    See in list
10 companies in Kerala
Mobile reach

Top 3 aerospace, maritime and defense tech apps from Kerala

The most-installed Android apps published by aerospace, maritime and defense tech companies headquartered in Kerala — 27K installs between them. 3 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 3
2

OK CONNECT

by Ozak

Installs3K
Rating—
Last updatedMar 2025
View on Google Play ↗
OK CONNECT screenshot 1
The business behind the activity

Aerospace, maritime and defense tech financials in Kerala

Revenue, profit and growth from the filed annual accounts of 18 aerospace, maritime and defense tech companies in Kerala for FY24-25 — 23 of the 46 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 83% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹83.49 cr

18 companies filing accounts

combined net profit−₹15.95 cr

-19.1% aggregate margin

are profitable67%

12 of 18 companies

median revenue~₹1.7 cr

the typical company

median revenue growth+117%

into FY24-25

earned by the top five83%

revenue concentration

Six-year view

Combined revenue of filing companies

₹11.95 crFY19-2010 filers
₹11.85 crFY20-2113 filers
₹19.65 crFY21-2216 filers
₹36.39 crFY22-2315 filers
₹48.92 crFY23-2417 filers
₹83.49 crFY24-2518 filers

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

Like-for-like

The same 12 companies over three years

+116%
FY22-23₹35.15 cr−₹10.92 cr net
FY23-24₹47.00 cr−₹20.23 cr net
FY24-25₹76.01 cr−₹16.10 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 cr743% profitable
₹1–10 cr888% profitable
₹10–100 cr367% 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

Shrinking2
0–20%2
20–50%3
50–100%0
Doubled+8

15 companies with accounts for both years; median growth +117%.

Profitability

Profit is concentrated at the top

12profitable
6loss-making
-19.1%aggregate margin
1.4%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
Verteil TechnologiesVERTEIL TECHNOLOGIES PRIVATE LIMITED+314%₹26.13 cr
AdmarenADMAREN TECH PRIVATE LIMITED+32%₹10.60 cr
NavaltNAVALT SOLAR & ELECTRIC BOATS PRIVATE LIMITED+2%₹17.37 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
AdmarenADMAREN TECH PRIVATE LIMITED11.6%₹10.60 cr
NavaltNAVALT SOLAR & ELECTRIC BOATS PRIVATE LIMITED1.4%₹17.37 cr
Leaders

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

Company · legal entityRevenueNet resultMarginGrowth
Verteil TechnologiesVERTEIL TECHNOLOGIES PRIVATE LIMITED₹26.13 cr−₹19.00 cr-72.7%+314%
NavaltNAVALT SOLAR & ELECTRIC BOATS PRIVATE LIMITED₹17.37 cr₹24.27 lakh1.4%+2%
AdmarenADMAREN TECH PRIVATE LIMITED₹10.60 cr₹1.23 cr11.6%+32%
EyeROVIROV TECHNOLOGIES PRIVATE LIMITED₹8.80 cr₹1.18 lakh0.1%+117%
Fuselage InnovationsFUSELAGE INNOVATIONS PRIVATE LIMITED₹6.37 cr₹39.73 lakh6.2%+22%
HEX20HEX20LABS INDIA PRIVATE LIMITED₹3.73 cr₹5.06 lakh1.4%+297%
Spectrum Antenna & Avionics SystemsSPECTRUM ANTENNA AND AVIONICS SYSTEMS PRIVATE LIMITED₹2.48 cr₹19.37 lakh7.8%+3%
Lenok SolutionsLENOK SOLUTIONS PRIVATE LIMITED₹2.09 cr₹16.47 lakh7.9%-34%
SpaceLabsSPACELABS ANALYTICS & DYNAMICS PRIVATE LIMITED₹1.76 cr₹32.19 lakh18.2%>10×
Docker VisionDocker Vision Private Limited₹1.55 cr−₹0.74 lakh-0.5%—
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 Kerala 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 Kerala
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 Kerala 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 Kerala

4 aerospace, maritime and defense tech companies in Kerala have recorded equity funding, US$92.81m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Kerala

Meet the people behind aerospace, maritime and defense tech companies in Kerala. 29 of 46 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

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

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