Company lists
The India edition · 2026

Military techcompanies in India

Drones, surveillance, maritime & robots, aerospace & space, defense contractors and more: the companies building military tech in India, with their founders, funding, team size and business models.

190 company profiles124 with reported revenue56 with recorded fundingSeptember 2026 edition
India · Photo: Wikimedia Commons (CC BY-SA 4.0)

Recent military tech business events in India

Funding, M&A, contract wins and launches involving 206 military tech companies in India, last 24 months: 33 Contracts · 28 funding rounds · 12 M&A deals · 3 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
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
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
FundingSeries X

Optimized electrotech

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

Investors Na
Deeptech
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
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
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
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
LaunchWareView

Vecros

Vecros, a Bengaluru-based robotics startup founded in 2018, Founded by Besta Prem Sai, Founder & CEO, marked its first-ever participation at LogiMAT with the launch of WareView, an…

End-to-end autonomous inventory management solution
Funding

Newspace research and technologies

NewSpace Research and Technologies, which develops kamikaze drones, is expected to raise a $50 million round.

Investors Na
FundingSeries B

CoreEL Technologies

Across the border in India, Bengaluru-based defence electronics firm CoreEL Technologies secured $30 million in a Series B round. Led by ValueQuest Scale Fund with participation from 360…

Investors ValueQuest Scale Fund, 360 ONE Asset
Defense electronics / Aerospace
FundingFunding round (unspecified)

CoreEL Technologies

Defence electronics firm CoreEL Technologies has raised $30 million to strengthen its R&D capabilities, develop next-generation defence products, and expand its market presence.

Investors Na
Defence electronics / Technology
Funding

SISIR Radar

Other startups such as Sisir Radar, Alimento Agro, Elementoz and Rotoris also raised capital.

Investors Na
ContractSupply

Astra microwave products · client: Astra Rafael Comsys

The company has received an order for supply of modules, cable assemblies and antenna for SDR for a total consideration of Rs124 crore inclusive of all applicable taxes from its joint…

Defense
ContractSupply

Astra microwave products · client: Na

In an exchange filing, Astra Microwave said, “This is to inform you that our Company, Astra Microwave Products Ltd has received an order for procurement of 06 (Six) Nos. of…

Meteorology
ContractDefense

Zen technologies · client: Ministry of defence

In an exchange filing dated December 4, after market hours, Zen Technologies disclosed that it has secured orders aggregating to Rs 120 crore from the MoD. The mandate covers the…

Defense
ContractDefense

Zen technologies · client: Mod

Zen Technologies: Company received ₹108 Cr MoD Contract for Tank Simulators

ContractDefense

Ideaforge · client: Defence Ministry

Ideaforge Technology Ltd (Ideaforge Technology Ltd) has got large work orders. The company has met both of these large order defence ministry.

ContractSupply

Droneacharya aerial innovations limited · client: Indian army

As per the latest regulatory filings, DroneAcharya Aerial Innovations Limited has been awarded a work order worth nearly Rs. 2.6 crores by the Indian Army (Ministry of Defence) for the…

Defence
FundingPre-Series A

Indrajaal

Defence tech startup Indrajaal has raised INR 48 Cr (about $xx Mn) in its pre-Series A round co-led by India Accelerator and Finvolve, along with participation from strategic and…

Defence tech
M&AAcquisition · Completed

Amazon.com, Inc. acquires Axio

Amazon.com, Inc. (NASDAQ: AMZN) has completed its acquisition of Axio, formerly known as Capital Float, marking one of its largest fintech transactions in India to date.

Fintech
M&AAcquisition · Completed

Amazon acquires Axio

E-commerce major Amazon has announced the completion of its acquisition of Axio (formerly Capital Float), a digital lending and checkout finance provider.

Digital Lending
FundingSeries-D

Tonbo imaging

and Tonbo Imaging securing $20.4 million in Series-D, the report stated.

Military Tech
FundingSeries-C

Big bang boom solutions

Late-stage rounds also saw traction, with Big Bang Boom Solutions raising $29.9 million in Series-C

Military Tech
Funding

Garuda aerospace

In the financial year 2022–23, Garuda Aerospace raised nearly Rs. 20 crore from investors, which took the company’s valuation to Rs. 800 crore.

Drones

Military tech companies in India, by revenue

Browse military 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 124 military 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

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 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

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

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

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

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

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 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

Developer of anti-drone solutions and tactical drones

Drones
₹94.59 crFY 2024-25
+379%2024–2025
34LinkedIn · Jul 2026
10 yr2016
0none in 3 months · last posted May 2026

Provider of defense technology and logistics solutions

Military tech
₹72.98 crFY 2024-25
+482%2024–2025
—Not available
6 yr2020
0none in 3 months

Provider of electronic warfare, signal intelligence, radar, and communication solutions

Military tech
₹71.27 crFY 2024-25
-50%2024–2025
15LinkedIn · Jul 2026
21 yr2005
0none in 3 months

Manufacturer of combat training and operational systems

Military tech
₹62.43 crFY 2021-22
Not reported
61+39% 12 mo to Sep 2024recorded Sep 2024
19 yr2007
—No postings tracked

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

Manufacturer of advanced imaging and sensor systems for complex environments

Sensors
US$7.30mFY 2022-23
Not reported
303-6% 12 mo to Jun 2023LinkedIn · Jul 2026
23 yr2003
7postings · last posted Aug 2026

Provider of testing and simulation solutions for defense and aerospace sectors

Military tech
₹51.71 crFY 2023-24
-8%2023–2024
136+15% 12 mo to Sep 2024LinkedIn · Jul 2026
19 yr2007
0none in 3 months

Provider of engineering services for aeronautical, maritime, and defense systems

Military tech
₹46.06 crFY 2024-25
+126%2024–2025
—Not available
10 yr2016
0none in 3 months

Developer of electronic warfare systems for the military

Military tech
₹40.13 crFY 2023-24
Not reported
79+16% 12 mo to Sep 2024recorded Sep 2024
24 yr2002
—No postings tracked

Provider of embedded software platforms for the military

Embedded systems
₹40.90 crFY 2024-25
+21%2024–2025
88+1% 12 mo to Sep 2024LinkedIn · Jul 2026
26 yr2000
1postings · last posted Aug 2026

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

Drones
₹37.34 crFY 2024-25
Not reported
51LinkedIn · Jul 2026
4 yr2022
0none in 3 months

Developer of signal processing solutions for defense and aerospace

Military tech
₹36.79 crFY 2024-25
+13%2024–2025
88+56% 12 mo to Sep 2024LinkedIn · Jul 2026
9 yr2017
5postings · last posted Aug 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
50 of 190 companies shown here · the full list is on Radar
Fliar Radar

Explore all 190 military tech companies in India on Radar

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

Open military tech in India on Radar
  • Every company, not just 50All 190 military tech companies in India, 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 military tech companies in India by what you are looking for

Browse military tech companies in India, including drone makers, surveillance and counter-drone specialists, and defense technology firms. Find military technology startups in India and listed defense tech companies too.

9 ways to explore military tech in India

Military & defense drone manufacturersSurveillance, reconnaissance & counter-drone systemsMaritime tech & defense robotics companiesAerospace, space & radar technology companiesDefense contractors & combat systems makersDrone services for agriculture & logistics

Military & defense drone manufacturers

Makers of unmanned aerial vehicles for defense, surveillance and commercial use.

  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

Surveillance, reconnaissance & counter-drone systems

Imaging, surveillance and anti-drone technology providers.

  1. Zen Technologies

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

    Military tech
    See in list
  2. Sagar Defence Engineering

    Manufacturer of a quadcopter drone for multiple civilian and military applications

    Military tech
    See in list
  3. IIO Technologies

    Developer of anti-drone solutions and tactical drones

    Drones
    See in list
  4. Tonbo Imaging

    Manufacturer of advanced imaging and sensor systems for complex environments

    Sensors
    See in list
  5. DSPL

    Provider of testing and simulation solutions for defense and aerospace sectors

    Military tech
    See in list

Maritime tech & defense robotics companies

Underwater vehicles, ground robots and other unmanned systems.

  1. Sagar Defence Engineering

    Manufacturer of a quadcopter drone for multiple civilian and military applications

    Military tech
    See in list
  2. EyeROV

    Provider of autonomous underwater vehicles and data analytics platform services

    Maritime tech
    See in list
  3. Aeroarc

    Aeroarc is a drone manufacturer offering diverse robotic solutions with cutting edge security solutions

    Professional service robots
    See in list
  4. IRUS

    Provider of AI-based unmanned military robots

    Professional service robots
    Website
  5. Defence Master India

    Developer of UGVs for defense sector

    Professional service robots
    Website

Aerospace, space & radar technology companies

Aerospace, radar, electronic warfare and space technology firms.

  1. Astra Microwave Products

    RF and microwave sub-systems provider

    Telecom infrastructure tech
    See in list
  2. Amitec Electronics

    Provider of electronic warfare, signal intelligence, radar, and communication solutions

    Military tech
    See in list
  3. Doppler Electronics

    Manufacturer of semiconductor components and OEM products

    Electronic components
    Website
  4. Rug-Rel

    Designer and manufacturer of rugged electronic systems and sub-systems. This company provides design consultancy, electronic design, electronic manufacturing, and system integration services. Their products include backplanes, embedded PCs, rugged laptops and tablets, radar computers, power supply units, panel PCs, rugged displays, cases, joysticks, single-board computers, HMIs, and vehicle monitors. They serve various sectors, including aerospace & defense, naval systems, energy, automation & robotics, medical automation, and railways. The company also offers chassis and enclosure and graphit

    Electronic components
    Website
  5. Spectrum Antenna & Avionics Systems

    Provider of antennas to the military

    Military tech
    Website

Defense contractors & combat systems makers

Defense contractors, weapons systems, armoured vehicles and training simulators.

  1. Lodestar

    Provider of precision manufacturing, engineering, fabrication, and installation for defence projects

    Military tech
    Website
  2. Mechphy

    Developer of robotic systems for defense, security, underwater surveys, and more

    Military tech
    Website
  3. Wiox AI Solutions

    Developer of artificial intelligence solutions for industrial and defence applications

    Defense contractors
    Website
  4. Bramer

    Provider of deep-tech solutions for transforming autonomous systems with indigenous innovation

    Defense contractors
    Website
  5. Coreel

    Provider of advanced electronic system-level products and technology solutions

    Embedded systems
    See in list

Drone services for agriculture & logistics

Drone solutions for farming, mapping, delivery and logistics.

  1. BonV Aero

    Manufacturer of unmanned aerial vehicles for logistics, disaster response, and defence

    Logistics tech
    Website
  2. Enord

    Developer of AI-powered autonomous drones for inspection and surveillance purposes

    Computer vision
    Website
  3. Ai Aerial Dynamics

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

    Drones
    Website
  4. RangeAero

    Provider of autonomous delivery vehicles for cargo transportation

    Drones
    Website
  5. Garuda Aerospace

    Provider of unmanned aerial vehicles for agricultural and industrial applications

    Drones
    See in list

Military tech startups in India

Recently founded military and defense tech startups.

  1. Indrajaal

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

    Drones
    See in list
  2. Vaimanika Aerospace

    Manufacturer of unmanned aerial vehicles for agriculture, defense, and logistics

    Military tech
    See in list
  3. Veda Aeronautics

    Developer of defense technologies integrating narrow AI, electro-optics, and robotics

    Military tech
    See in list
  4. Sanlayan

    Developer of radio frequency systems, power electronics, digital hardware, and software

    Military tech
    See in list
  5. Zulu Defence

    Developer of tactical air defence drone systems

    Drones
    See in list
62 companies in India

Listed military tech companies in India

Publicly listed military and defense technology companies.

  1. Astra Microwave Products

    RF and microwave sub-systems provider

    Telecom infrastructure tech
    See in list
  2. Zen Technologies

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

    Military tech
    See in list
  3. ideaForge

    Developer of unmanned aerial vehicles

    Drones
    See in list
  4. C2C Advanced Systems

    Developer of C4ISR solutions for the military

    Military tech
    See in list
  5. DSPL

    Provider of testing and simulation solutions for defense and aerospace sectors

    Military tech
    See in list
7 companies in India

Military tech companies hiring in India

Military tech companies with open roles.

  1. Zen Technologies

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

    Military tech
    See in list
  2. Coreel

    Provider of advanced electronic system-level products and technology solutions

    Embedded systems
    See in list
  3. ideaForge

    Developer of unmanned aerial vehicles

    Drones
    See in list
  4. Sagar Defence Engineering

    Manufacturer of a quadcopter drone for multiple civilian and military applications

    Military tech
    See in list
  5. Innefu Labs

    Provider of AI-driven data analytics and information security solutions

    Cybersecurity
    See in list
30 companies in India
Mobile reach

Top 7 military tech apps from India

The most-installed Android apps published by military tech companies headquartered in India — 2.0M installs between them. 7 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 7
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

OK CONNECT

by Ozak

Installs3K
Rating—
Last updatedMar 2025
View on Google Play ↗
OK CONNECT screenshot 1
6

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
7

Vecros-Fly

by VECROS

Installs16
Rating—
Last updatedJul 2025
View on Google Play ↗
Vecros-Fly screenshot 1Vecros-Fly screenshot 2Vecros-Fly screenshot 3Vecros-Fly screenshot 4Vecros-Fly screenshot 5
The business behind the activity

Military tech financials in India

Revenue, profit and growth from the filed annual accounts of 99 military tech companies in India for FY24-25 — 122 of the 190 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 62% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹5,047.11 cr

99 companies filing accounts

combined net profit₹777.92 cr

15.4% aggregate margin

are profitable64%

63 of 99 companies

median revenue~₹5.2 cr

the typical company

median revenue growth+24%

into FY24-25

earned by the top five62%

revenue concentration

Six-year view

Combined revenue of filing companies

₹551.67 crFY19-2060 filers
₹504.34 crFY20-2173 filers
₹1,669.64 crFY21-2285 filers
₹2,170.06 crFY22-2397 filers
₹3,991.62 crFY23-24109 filers
₹5,047.11 crFY24-2599 filers

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

Like-for-like

The same 82 companies over three years

+154%
FY22-23₹1,965.19 cr₹186.51 cr net
FY23-24₹3,816.23 cr₹530.76 cr net
FY24-25₹4,992.02 cr₹778.58 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 cr2917% profitable
₹1–10 cr3272% profitable
₹10–100 cr2789% profitable
₹100–1,000 cr10100% profitable
Over ₹1,000 cr1100% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking29
0–20%13
20–50%10
50–100%11
Doubled+27

90 companies with accounts for both years; median growth +24%.

Profitability

Profit is concentrated at the top

63profitable
36loss-making
15.4%aggregate margin
2.4%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
ZMotion Autonomous SystemsZMOTION AUTONOMOUS SYSTEMS PRIVATE LIMITED+884%₹131.74 cr
Classic Tecnologistics & TradeCLASSIC TECNOLOGISTICS & TRADE PRIVATE LIMITED+482%₹72.98 cr
IIO TechnologiesIIO TECHNOLOGIES PRIVATE LIMITED+379%₹94.59 cr
EndureAir SystemsENDUREAIR SYSTEMS PRIVATE LIMITED
RapheRAPHE MPHIBR PRIVATE LIMITED+211%₹267.57 cr
Vaimanika AerospaceVED PRABHA AEROSPACE PRIVATE LIMITED
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Eon InfotechEON INFOTECH LIMITED43.5%₹40.90 cr
Innefu LabsINNEFU LABS LIMITED32.7%₹104.71 cr
ExicomEXICOM TECHNOLOGIES INDIA PRIVATE LIMITED
Sagar Defence EngineeringSAGAR DEFENCE ENGINEERING PRIVATE LIMITED31.0%₹107.62 cr
Amitec ElectronicsAMITEC ELECTRONICS LIMITED27.0%₹71.27 cr
Zen TechnologiesZEN TECHNOLOGIES LIMITED26.6%₹988.45 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Military tech48₹2,321.49 cr~₹9.4 cr69%17.5%
Drones22₹526.72 cr~₹2.5 cr50%8.6%
Leaders

Largest military tech companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
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%
Tonbo ImagingTONBO IMAGING INDIA LIMITED₹474.39 cr₹72.70 cr15.3%+10%
CoreelCOREEL TECHNOLOGIES (INDIA) PRIVATE LIMITED₹334.84 cr₹52.33 cr15.6%+31%
RapheRAPHE MPHIBR PRIVATE LIMITED₹267.57 cr₹6.50 cr2.4%+211%
AnadroneANADRONE SYSTEMS LIMITED₹208.35 cr₹43.60 cr20.9%-16%
ZMotion Autonomous SystemsZMOTION AUTONOMOUS SYSTEMS PRIVATE LIMITED₹131.74 cr₹12.10 cr9.2%+884%
Garuda AerospaceGARUDA AEROSPACE LIMITED₹124.80 cr₹17.27 cr13.8%+13%
C2C Advanced SystemsC2C ADVANCED SYSTEMS LIMITED₹117.46 cr₹28.84 cr24.6%+184%
Sagar Defence EngineeringSAGAR DEFENCE ENGINEERING PRIVATE LIMITED₹107.62 cr₹33.34 cr31.0%+168%
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

Accounting and Tax Software Industry Landscape of India

The financials above are one chapter. The full military 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 military tech landscape of India
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

Military tech funding and M&A across India

239 recorded equity rounds have gone to 206 military 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 months14

US$80.22m

equity rounds, last 24 months53

US$322.55m

raised over five yearsUS$638.03m

173 rounds in India

M&A deals, India12

last 24 months

Capital by year

Equity funding into military tech in India

amount rounds
$9.7m20188
$7.9m201912
$18m202010
$34m202122
$74m202230
$122m202338
$119m202441
$268m202533
$21m20269

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2025, with US$268.07m across 33 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$11.51m30 rounds · median US$189k
SeedUS$102.23m97 rounds · median US$661k
Series AUS$170.74m24 rounds · median US$4.90m
Series BUS$289.15m18 rounds · median US$8.14m
Series CUS$43.95m3 rounds · median US$7.27m
Series D+US$20.46m1 rounds · median US$20.46m
Where the money went · five years

Most-funded sub-sectors

Military techUS$329.90m60 rounds · 24 companies
DronesUS$195.79m62 rounds · 20 companies
Embedded systemsUS$30.00m1 rounds · 1 companies
SensorsUS$20.46m1 rounds · 1 companies
Augmented realityUS$10.51m7 rounds · 1 companies
Space techUS$10.40m5 rounds · 1 companies
Security & surveillance technologyUS$9.51m5 rounds · 3 companies
Corporate activity · last 24 months

M&A in India

12Acquisition

Most active acquirers

  1. Zen technologies7
  2. Amazon2
  3. LAT Aerospace1
  4. Adani defence & aerospace1
  5. Amazon.com, Inc.1

Most acquired or merged

  1. Axio3
  2. Sharang Shakti1
  3. Alpha design technologies1
  4. Anawave Systems & Solutions Private Limited (ASSPL)1
  5. TISA Aerospace1

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

Military tech funding in India

56 military tech companies in India have recorded equity funding, US$721.10m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in India

Meet the people behind military tech companies in India. 147 of 190 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore India military tech companies by sub-sector

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

Keep exploring military tech in India and nearby markets.

Coming soon