Company lists
The Maharashtra edition · 2026

Aerospace, maritime and defense techcompanies in Maharashtra

Drones, maritime, space, defense, agri & geospatial and more: the companies building aerospace, maritime and defense tech in Maharashtra, with their founders, funding, team size and business models.

165 company profiles76 with reported revenue30 with recorded fundingOctober 2026 edition
Maharashtra · 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: 91 funding rounds · 72 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
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
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
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 Maharashtra, by revenue

Browse aerospace, maritime and defense tech companies in Maharashtra 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 76 aerospace, maritime and defense tech companies in Maharashtra 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

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

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
15postings · 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 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
0none in 3 months · last posted Jul 2026

Provider of advanced training simulators and VR-based simulation solutions for critical industries

Mining tech
₹66.82 crFY 2024-25
+8%2024–2025
133+57% 12 mo to Sep 2024LinkedIn · Jul 2026
24 yr2002
0none in 3 months · last posted May 2026

Manufacturer of electro-optical systems, thermal devices, telescopic sights, and long-range cameras

Military tech
₹62.30 crFY 2024-25
+53%2024–2025
35-8% 12 mo to Aug 2024recorded Aug 2024
8 yr2018
0none in 3 months

Provider of robotic camera systems for sports broadcasting

Sports tech
₹60.41 crFY 2024-25
Not reported
117+62% 12 mo to Jul 2024LinkedIn · Jul 2026
13 yr2013
1postings · last posted Sep 2026

Provides of unmanned aerial vehicle solutions for various industries

Drones
₹58.08 crFY 2024-25
+146%2024–2025
36LinkedIn · Jul 2026
2 yr2024
0none in 3 months · last posted Jun 2026

Provider of drone-based solutions, training, and services for various industries

Drones
₹36.70 crFY 2024-25
-2%2024–2025
78+45% 12 mo to Jul 2024LinkedIn · Jul 2026
9 yr2017
0none in 3 months · last posted Jun 2026

Developer of wireless engineering solutions for aerospace, defense, and security sectors

Military tech
₹33.60 crFY 2024-25
-48%2024–2025
32+98% 12 mo to Aug 2024LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Manufacturer of unmanned aerial vehicles and related autonomous systems

Drones
₹27.71 crFY 2024-25
+37%2024–2025
185+49% 12 mo to Sep 2024LinkedIn · Jul 2026
7 yr2019
0none in 3 months

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

Drones
₹23.82 crFY 2024-25
+66%2024–2025
95-18% 12 mo to Sep 2024LinkedIn · Jul 2026
11 yr2015
0none in 3 months

Retailer of unmanned aerial vehicles and related components and accessories

Drones
₹17.00 crFY 2024-25
+96%2024–2025
14LinkedIn · Jul 2026
5 yr2021
0none in 3 months

Provider of port management platform

Logistics tech
₹16.86 crFY 2024-25
-22%2024–2025
50-15% 12 mo to Sep 2024LinkedIn · Jul 2026
33 yr1993
0none in 3 months

Manufacturer of agricultural drones designed for crop spraying and monitoring

Drones
₹16.53 crFY 2024-25
-3%2024–2025
15LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Provider of drone-based solutions for various industry applications

Drones
₹13.22 crFY 2024-25
+22%2024–2025
60LinkedIn · Jul 2026
16 yr2010
0none in 3 months

Manufacturer of mixed reality headset

Augmented reality
₹12.89 crFY 2024-25
-19%2024–2025
147+5% 12 mo to Sep 2024LinkedIn · Jul 2026
12 yr2014
5postings · last posted Aug 2026

Developer of engineering software and provider of CAE simulation services

Military tech
₹11.74 crFY 2024-25
Not reported
116LinkedIn · Jul 2026
22 yr2004
3postings · last posted Aug 2026

ERP suite solution for the shipping industry

Logistics tech
₹11.45 crFY 2024-25
+3%2024–2025
103+14% 12 mo to Nov 2023recorded Nov 2023
30 yr1996
0none in 3 months

Integrator of electronic systems, inertial systems, counter drone systems, and radar solutions

Military tech
₹8.08 crFY 2024-25
+37%2024–2025
25LinkedIn · Jul 2026
12 yr2014
0none in 3 months

Developer of drone software, GeoAI platform, and solutions for drone services

Drones
₹7.53 crFY 2024-25
+49%2024–2025
73+33% 12 mo to Sep 2024LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Provider of geographic information systems services

Drones
₹7.39 crFY 2024-25
+42%2024–2025
57+38% 12 mo to Sep 2024LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Provider of terminal operating system and port management software

Maritime tech
₹6.84 crFY 2022-23
Not reported
54LinkedIn · Jul 2026
16 yr2010
0none in 3 months

Developer of drone technology

Drones
₹4.26 crFY 2024-25
+64%2024–2025
23recorded Jun 2024
5 yr2021
0none in 3 months
50 of 165 companies shown here · the full list is on Radar
Fliar Radar

Explore all 165 aerospace, maritime and defense tech companies in Maharashtra on Radar

This page shows the top 50. Radar has the complete, filterable list with contacts and live company signals.

Open aerospace, maritime and defense tech in Maharashtra on Radar
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Explore aerospace, maritime and defense tech companies in Maharashtra by what you are looking for

Browse top aerospace companies and defense tech companies in Maharashtra, from drone makers to space tech and maritime software. You can also find aerospace and defense tech startups in Maharashtra and listed companies.

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

Drone manufacturers & drone servicesMaritime & shipping technology companiesSpace tech & satellite companiesDefense & military technology companiesAgri drones, mapping & geospatial servicesAviation software & aerospace engineering

Drone manufacturers & drone services

Commercial drone makers, drone software and aerial service providers.

  1. ideaForge

    Developer of unmanned aerial vehicles

    Drones
    See in list
  2. Sagar Defence Engineering

    Manufacturer of a quadcopter drone for multiple civilian and military applications

    Military tech
    See in list
  3. Quidich

    Provider of robotic camera systems for sports broadcasting

    Sports tech
    See in list
  4. PRYM Aerospace

    Provides of unmanned aerial vehicle solutions for various industries

    Drones
    See in list
  5. DroneAcharya

    Provider of drone-based solutions, training, and services for various industries

    Drones
    See in list

Maritime & shipping technology companies

Port management, shipping software and logistics tech for the maritime industry.

  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. Portall

    Provider of port management platform

    Logistics tech
    See in list
  4. SBN Technologics

    ERP suite solution for the shipping industry

    Logistics tech
    See in list
  5. Logstar

    Provider of terminal operating system and port management software

    Maritime tech
    See in list

Space tech & satellite companies

Satellite, launch vehicle and space services companies.

  1. Digisat

    Provider of satellite communication services, earth station solutions, and skills training

    Space tech
    Website
  2. Manastu Space

    Developer of green propulsion systems and debris collision avoidance technology

    Space tech
    See in list
  3. ObservEarth

    Provider of satellite imagery analytics platform for environmental monitoring and insights

    Space tech
    See in list
  4. InspeCity

    Developer of technologies for extending satellite lifespan and reducing space debris

    Space tech
    See in list
  5. Penta Trio

    Provider of automated lightning detection and protection systems using satellites

    Space tech
    Website

Defense & military technology companies

Providers of military tech, surveillance and counter-drone systems.

  1. ideaForge

    Developer of unmanned aerial vehicles

    Drones
    See in list
  2. Sagar Defence Engineering

    Manufacturer of a quadcopter drone for multiple civilian and military applications

    Military tech
    See in list
  3. Exicom

    Developer of wireless engineering solutions for aerospace, defense, and security sectors

    Military tech
    See in list
  4. Gurutvaa Systems

    Integrator of electronic systems, inertial systems, counter drone systems, and radar solutions

    Military tech
    See in list
  5. Combat Robotics

    Provider of defense robotics solutions

    Robotics services
    See in list

Agri drones, mapping & geospatial services

Crop-spraying drones, aerial surveying and GIS data providers.

  1. Indrones

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

    Drones
    See in list
  2. Droni Tech

    Provider of drone-based solutions for surveying, mapping, inspection, and security

    Drones
    See in list
  3. Aeronica Advance Technologies

    Provider of unmanned aerial vehicle survey, GIS data processing, and maintenance

    Crop tech
    See in list
  4. Aerizone

    Provider of end-to-end drone solutions, including data analytics and training

    Drones
    See in list
  5. AgriForetell

    Provider of remote sensing and artificial intelligence solutions for agriculture

    Drones
    See in list

Aviation software & aerospace engineering

Aviation IT, flight operations software and aircraft design companies.

  1. BytzSoft

    Software developer for aviation, manufacturing, retail and pharmaceutical industries

    Aviation it
    Website
  2. VTOL Aviation

    Manufacturer of unmanned aerial vehicles, subsystems, and multi-seater air taxis

    Aerospace tech
    See in list
  3. aerpace

    Developer of flying cars

    Electric vehicles
    Website
  4. Cognitive Navigation

    Developer of software applications for aviation flight operations and management

    Aviation it
    Website
  5. Aviotek

    Provider of cloud-based operations management solutions for airline operators & pilots

    Aviation it
    Website

Aerospace & defense tech startups in Maharashtra

Newer aerospace, maritime and defense tech companies founded in recent years in Maharashtra.

  1. Trentar

    Manufacturer of commercial drones for multiple applications

    Drones
    See in list
  2. PRYM Aerospace

    Provides of unmanned aerial vehicle solutions for various industries

    Drones
    See in list
  3. UAV Garage

    Retailer of unmanned aerial vehicles and related components and accessories

    Drones
    See in list
  4. Ikran

    Developer of drone technology

    Drones
    See in list
  5. Aerobott

    Drone solutions provider for businesses

    Drones
    See in list
55 companies in Maharashtra

Aerospace & defense tech companies hiring in Maharashtra

Aerospace, maritime and defense tech companies in Maharashtra with open jobs right now.

  1. ideaForge

    Developer of unmanned aerial vehicles

    Drones
    See in list
  2. Sagar Defence Engineering

    Manufacturer of a quadcopter drone for multiple civilian and military applications

    Military tech
    See in list
  3. Tecknotrove Systems

    Provider of advanced training simulators and VR-based simulation solutions for critical industries

    Mining tech
    See in list
  4. Quidich

    Provider of robotic camera systems for sports broadcasting

    Sports tech
    See in list
  5. PRYM Aerospace

    Provides of unmanned aerial vehicle solutions for various industries

    Drones
    See in list
22 companies in Maharashtra

Listed aerospace & defense tech companies in Maharashtra

Publicly listed aerospace, maritime and defense tech companies in Maharashtra.

  1. ideaForge

    Developer of unmanned aerial vehicles

    Drones
    See in list
  2. DroneAcharya

    Provider of drone-based solutions, training, and services for various industries

    Drones
    See in list
  3. aerpace

    Developer of flying cars

    Electric vehicles
    Website
  4. mascon global

    Mascon Global specializes in placement, recruitment, and leadership training services for the retail, IT, and health care sectors.

    Saas
    Website
4 companies in Maharashtra
Mobile reach

Top 10 aerospace, maritime and defense tech apps from Maharashtra

The most-installed Android apps published by aerospace, maritime and defense tech companies headquartered in Maharashtra — 180K installs between them. 13 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
4

AeroGCS GREEN

by AeroMegh

Installs10K
Rating—
Last updatedDec 2025
View on Google Play ↗
AeroGCS GREEN screenshot 1AeroGCS GREEN screenshot 2AeroGCS GREEN screenshot 3AeroGCS GREEN screenshot 4AeroGCS GREEN screenshot 5AeroGCS GREEN screenshot 6
6

BhuMeet Pilot

by BhuMeet

Installs993
Rating—
Last updatedJun 2026
View on Google Play ↗
BhuMeet Pilot screenshot 1BhuMeet Pilot screenshot 2BhuMeet Pilot screenshot 3BhuMeet Pilot screenshot 4BhuMeet Pilot screenshot 5BhuMeet Pilot screenshot 6
8

FlyPal - Aviation Softwares

by BytzSoft

Installs305
Rating—
Last updatedDec 2023
View on Google Play ↗
FlyPal - Aviation Softwares screenshot 1FlyPal - Aviation Softwares screenshot 2FlyPal - Aviation Softwares screenshot 3FlyPal - Aviation Softwares screenshot 4FlyPal - Aviation Softwares screenshot 5FlyPal - Aviation Softwares screenshot 6
The business behind the activity

Aerospace, maritime and defense tech financials in Maharashtra

Revenue, profit and growth from the filed annual accounts of 64 aerospace, maritime and defense tech companies in Maharashtra for FY24-25 — 84 of the 165 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 60% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹1,074.77 cr

64 companies filing accounts

combined net profit₹97.14 cr

9.0% aggregate margin

are profitable55%

35 of 64 companies

median revenue~₹1.1 cr

the typical company

median revenue growth+34%

into FY24-25

earned by the top five60%

revenue concentration

Six-year view

Combined revenue of filing companies

₹302.92 crFY19-2035 filers
₹365.78 crFY20-2143 filers
₹593.68 crFY21-2248 filers
₹629.81 crFY22-2362 filers
₹758.97 crFY23-2464 filers
₹1,074.77 crFY24-2564 filers

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

Like-for-like

The same 50 companies over three years

+66%
FY22-23₹626.23 cr₹40.49 cr net
FY23-24₹691.04 cr₹53.21 cr net
FY24-25₹1,037.17 cr₹89.78 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 cr3123% profitable
₹1–10 cr1681% profitable
₹10–100 cr1486% profitable
₹100–1,000 cr3100% profitable
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

Shrinking18
0–20%8
20–50%10
50–100%8
Doubled+14

58 companies with accounts for both years; median growth +34%.

Profitability

Profit is concentrated at the top

35profitable
29loss-making
9.0%aggregate margin
1.0%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
TrentarTRENTAR PRIVATE LIMITED+283%₹72.42 cr
Sagar Defence EngineeringSAGAR DEFENCE ENGINEERING PRIVATE LIMITED+168%₹107.62 cr
PRYM AerospacePRYM SOLUTIONS PRIVATE LIMITED+145%₹57.89 cr
UAV GarageUAVGARAGE PRIVATE LIMITED+96%₹17.00 cr
Espa India TechESPA INDIA TECH PRIVATE LIMITED+81%₹10.23 cr
Zeus NumerixZeus Numerix Private Limited+66%₹11.70 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
ExicomEXICOM TECHNOLOGIES INDIA PRIVATE LIMITED31.5%₹33.60 cr
Sagar Defence EngineeringSAGAR DEFENCE ENGINEERING PRIVATE LIMITED31.0%₹107.62 cr
S4ERRP S4E INNOVATION LIMITED20.9%₹62.30 cr
ElcomeELCOME INTEGRATED SYSTEMS PRIVATE LIMITED₹155.00 cr
Tecknotrove SystemsTECKNOTROVE SYSTEMS (INDIA ) PRIVATE LIMITED14.5%₹66.85 cr
QuidichQUIDICH INNOVATION LABS PRIVATE LIMITED13.0%₹59.74 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Maritime tech6₹417.34 cr~₹6.5 cr83%10.7%
Drones25₹254.36 cr~₹2.0 cr56%-2.6%
Military tech9₹235.69 cr~₹10.2 cr67%23.5%
Space tech7₹2.31 cr~₹17 lakh29%-218.5%
Leaders

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

Company · legal entityRevenueNet resultMarginGrowth
EconshipECONSHIP TECH PRIVATE LIMITED₹248.16 cr₹20.96 cr8.4%+39%
ElcomeELCOME INTEGRATED SYSTEMS PRIVATE LIMITED₹155.00 cr+41%
Sagar Defence EngineeringSAGAR DEFENCE ENGINEERING PRIVATE LIMITED₹107.62 cr₹33.34 cr31.0%+168%
TrentarTRENTAR PRIVATE LIMITED₹72.42 cr₹4.38 cr6.0%+283%
Tecknotrove SystemsTECKNOTROVE SYSTEMS (INDIA ) PRIVATE LIMITED₹66.85 cr₹9.69 cr14.5%+8%
S4ERRP S4E INNOVATION LIMITED₹62.30 cr₹13.02 cr20.9%+53%
QuidichQUIDICH INNOVATION LABS PRIVATE LIMITED₹59.74 cr₹7.77 cr13.0%+30%
PRYM AerospacePRYM SOLUTIONS PRIVATE LIMITED₹57.89 cr₹1.88 cr3.2%+145%
DroneAcharyaDroneacharya Aerial Innovations Limited₹36.70 cr−₹13.47 cr-36.7%-1%
ExicomEXICOM TECHNOLOGIES INDIA PRIVATE LIMITED₹33.60 cr₹10.60 cr31.5%-48%
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 Maharashtra 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 Maharashtra
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 Maharashtra 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 Maharashtra

30 aerospace, maritime and defense tech companies in Maharashtra have recorded equity funding, US$159.17m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Maharashtra

Meet the people behind aerospace, maritime and defense tech companies in Maharashtra. 107 of 165 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

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

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

Company lists

Company listAerospace, Maritime and Defense Tech Companies in Bengaluru, India193 companiesCompany listAerospace, Maritime and Defense Tech Companies in Chennai, India85 companiesCompany listAerospace, Maritime and Defense Tech Companies in Delhi, India91 companiesCompany listAerospace, Maritime and Defense Tech Companies in Gurugram, India36 companiesCompany listAerospace, Maritime and Defense Tech Companies in Hyderabad, India88 companiesCompany listAerospace, Maritime and Defense Tech Companies in India933 companiesCompany listBusiness Services Companies in Maharashtra, India4,037 companiesCompany listConsumer Companies in Maharashtra, India3,442 companiesCompany listRetail Companies in Maharashtra, India3,134 companiesCompany listEnterprise Applications Companies in Maharashtra, India2,967 companiesCompany listConsumer Goods Companies in Maharashtra, India2,433 companiesCompany listFinTech Companies in Maharashtra, India2,072 companiesCompany listHealthcare Companies in Maharashtra, India1,845 companiesCompany listFood and Agriculture Companies in Maharashtra, India1,697 companies
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