Company lists
The Mumbai edition · 2026

Aerospace, maritime and defense techcompanies in Mumbai

Drones, maritime & shipping, defence tech, logistics tech, agri drones and more: the companies building aerospace, maritime and defense tech in Mumbai, Maharashtra, with their founders, funding, team size and business models.

83 company profiles45 with reported revenue18 with recorded fundingOctober 2026 edition
Mumbai · 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: 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.

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
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
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
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 Mumbai, by revenue

Browse aerospace, maritime and defense tech companies in Mumbai by reported revenue, one-year revenue growth, revenue model, age and stage. The 45 companies below are the largest by their most recent reported revenue among 45 aerospace, maritime and defense tech companies in Mumbai, 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 45

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
730+38% 12 mo to Sep 2024LinkedIn · Oct 2026
19 yr2007
16postings · last posted Oct 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

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

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

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

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

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

Ship management software solutions for the maritime industry

Maritime tech
₹4.17 crFY 2024-25
+2%2024–2025
74+34% 12 mo to Feb 2024LinkedIn · Jul 2026
30 yr1996
0none in 3 months

Drone solutions provider for businesses

Drones
₹2.76 crFY 2024-25
+51%2024–2025
1LinkedIn · Jul 2026
5 yr2021
0none in 3 months

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

Drones
₹2.45 crFY 2024-25
+71%2024–2025
30+186% 12 mo to Sep 2024LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Company designing and manufacturing consumer nano drones

Drones
₹2.04 crFY 2024-25
+1%2024–2025
27LinkedIn · Jul 2026
12 yr2014
0none in 3 months

Developer of green propulsion systems and debris collision avoidance technology

Space tech
₹1.98 crFY 2024-25
-12%2024–2025
104+56% 12 mo to Sep 2024LinkedIn · Jul 2026
9 yr2017
0none in 3 months · last posted Jul 2026

Provider of e-way billing solutions for logistics operators

Logistics tech
₹1.23 crFY 2024-25
+49%2024–2025
—Not available
7 yr2019
0none in 3 months

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

Aerospace tech
₹1.01 crFY 2024-25
+123%2024–2025
78+0% 12 mo to Sep 2024LinkedIn · Jul 2026
9 yr2017
0none in 3 months
45 of 83 companies shown here · the full list is on Radar
Fliar Radar

Explore all 83 aerospace, maritime and defense tech companies in Mumbai on Radar

This page shows the top 45. Radar has the complete, filterable list with contacts and live company signals.

Open aerospace, maritime and defense tech in Mumbai on Radar
  • Every company, not just 50All 83 aerospace, maritime and defense tech companies in Mumbai, 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 Mumbai by what you are looking for

Find top aerospace and defence companies and defense tech startups in Mumbai, from drones to shipping software. Browse the list of aerospace, maritime and defense tech companies in Mumbai by what they build.

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

Drone manufacturers & drone service companiesMaritime, shipping & port management softwareDefence & military technology companiesLogistics & freight technology companiesAgricultural drone & crop tech companiesSpace tech & aviation software companies

Drone manufacturers & drone service companies

Makers of commercial and defence drones and providers of drone-based surveying and data services.

  1. ideaForge

    Developer of unmanned aerial vehicles

    Drones
    See in list
  2. PRYM Aerospace

    Provides of unmanned aerial vehicle solutions for various industries

    Drones
    See in list
  3. Indrones

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

    Drones
    See in list
  4. Paras Aerospace

    Manufacturer of agricultural drones designed for crop spraying and monitoring

    Drones
    See in list
  5. YelloSKYE

    Provider of geographic information systems services

    Drones
    See in list

Maritime, shipping & port management software

Software for ship management, container and port 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. 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

Defence & military technology companies

Surveillance, simulation, training and communication systems for defence.

  1. ideaForge

    Developer of unmanned aerial vehicles

    Drones
    See in list
  2. S4E

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

    Military tech
    See in list
  3. Exicom

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

    Military tech
    See in list
  4. Paras Anti-drone Technologies

    Provider of cloud and AI-powered counter-drone systems

    Security & surveillance technology
    See in list
  5. Jatayu Unmanned Technologies

    Manufacturer of commercial and defense drone systems

    Military tech
    See in list

Logistics & freight technology companies

Freight, cargo and transport management platforms.

  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

Agricultural drone & crop tech companies

Crop spraying, monitoring and farm analytics using drones and satellites.

  1. Indrones

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

    Drones
    See in list
  2. Paras Aerospace

    Manufacturer of agricultural drones designed for crop spraying and monitoring

    Drones
    See in list
  3. AgriForetell

    Provider of remote sensing and artificial intelligence solutions for agriculture

    Drones
    See in list
  4. Airbots Aerospace

    Developer of autonomous aerial robots for industrial inspection and monitoring

    Drones
    See in list
  5. Droni Tech

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

    Drones
    See in list

Space tech & aviation software companies

Satellites, space hardware, flight operations software and electric aircraft.

  1. Manastu Space

    Developer of green propulsion systems and debris collision avoidance technology

    Space tech
    See in list
  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
    See in list
  4. Cognitive Navigation

    Developer of software applications for aviation flight operations and management

    Aviation it
    See in list
  5. Satellize

    Provider of customized nanosatellites,solutions and services for various sectors

    Space tech
    See in list

Listed aerospace, maritime and defense tech companies in Mumbai

Publicly listed companies in this sector in Mumbai.

  1. ideaForge

    Developer of unmanned aerial vehicles

    Drones
    See in list
  2. aerpace

    Developer of flying cars

    Electric vehicles
    See in list
  3. mascon global

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

    Saas
    Website
3 companies in Mumbai

Aerospace, maritime and defense tech startups in Mumbai

Newer companies in this sector founded in Mumbai.

  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. Aerobott

    Drone solutions provider for businesses

    Drones
    See in list
  5. Paras Anti-drone Technologies

    Provider of cloud and AI-powered counter-drone systems

    Security & surveillance technology
    See in list
22 companies in Mumbai

Aerospace, maritime and defense tech companies hiring in Mumbai

Companies in this sector in Mumbai with open jobs.

  1. ideaForge

    Developer of unmanned aerial vehicles

    Drones
    See in list
  2. Tecknotrove Systems

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

    Mining 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. AjnaLens

    Manufacturer of mixed reality headset

    Augmented reality
    See in list
13 companies in Mumbai
Mobile reach

Top 8 aerospace, maritime and defense tech apps from Mumbai

The most-installed Android apps published by aerospace, maritime and defense tech companies headquartered in Mumbai — 160K installs between them. 8 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 8
7

ICL Reacts

by Eximon

Installs134
Rating—
Last updatedSep 2025
View on Google Play ↗
ICL Reacts screenshot 1ICL Reacts screenshot 2ICL Reacts screenshot 3ICL Reacts screenshot 4ICL Reacts screenshot 5ICL Reacts screenshot 6
8

RRPS4E Innovation

by S4E

Installs21
Rating—
Last updatedNov 2025
View on Google Play ↗
RRPS4E Innovation screenshot 1RRPS4E Innovation screenshot 2RRPS4E Innovation screenshot 3RRPS4E Innovation screenshot 4RRPS4E Innovation screenshot 5RRPS4E Innovation screenshot 6
The business behind the activity

Aerospace, maritime and defense tech financials in Mumbai

Revenue, profit and growth from the filed annual accounts of 35 aerospace, maritime and defense tech companies in Mumbai, Maharashtra for FY24-25 — 46 of the 83 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 69% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹873.19 cr

35 companies filing accounts

combined net profit₹82.66 cr

9.5% aggregate margin

are profitable60%

21 of 35 companies

median revenue~₹2.8 cr

the typical company

median revenue growth+38%

into FY24-25

earned by the top five69%

revenue concentration

Six-year view

Combined revenue of filing companies

₹290.39 crFY19-2022 filers
₹347.71 crFY20-2128 filers
₹558.97 crFY21-2230 filers
₹562.01 crFY22-2338 filers
₹642.99 crFY23-2440 filers
₹873.19 crFY24-2535 filers

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

Like-for-like

The same 30 companies over three years

+49%
FY22-23₹560.77 cr₹35.17 cr net
FY23-24₹576.24 cr₹44.97 cr net
FY24-25₹837.71 cr₹72.62 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 cr1323% profitable
₹1–10 cr967% profitable
₹10–100 cr1191% profitable
₹100–1,000 cr2100% 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

Shrinking9
0–20%5
20–50%8
50–100%6
Doubled+6

34 companies with accounts for both years; median growth +38%.

Profitability

Profit is concentrated at the top

21profitable
14loss-making
9.5%aggregate margin
2.2%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
PRYM AerospacePRYM SOLUTIONS PRIVATE LIMITED+145%₹57.89 cr
UAV GarageUAVGARAGE PRIVATE LIMITED+96%₹17.00 cr
Zeus NumerixZeus Numerix Private Limited+66%₹11.70 cr
S4ERRP S4E INNOVATION LIMITED+53%₹62.30 cr
ElcomeELCOME INTEGRATED SYSTEMS PRIVATE LIMITED+41%₹155.00 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
ExicomEXICOM TECHNOLOGIES INDIA PRIVATE LIMITED31.5%₹33.60 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
EconshipECONSHIP TECH PRIVATE LIMITED8.4%₹248.16 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Drones13₹190.92 cr~₹2.8 cr69%3.5%
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%
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%
ExicomEXICOM TECHNOLOGIES INDIA PRIVATE LIMITED₹33.60 cr₹10.60 cr31.5%-48%
UAV GarageUAVGARAGE PRIVATE LIMITED₹17.00 cr₹37.77 lakh2.2%+96%
Paras AerospaceParas Aerospace Private Limited₹16.53 cr₹1.17 cr7.1%-3%
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 Mumbai 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 Mumbai
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 Mumbai 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.

Aerospace, maritime and defense tech funding in Mumbai

18 aerospace, maritime and defense tech companies in Mumbai have recorded equity funding, US$98.94m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Mumbai

Meet the people behind aerospace, maritime and defense tech companies in Mumbai. 54 of 83 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

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

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