DroneAcharya Aerial Innovations, a leading drone startup, has announced a significant milestone in its journey by securing an order from the renowned Adani Group. The order entails providing Directorate General of Civil Aviation (DGCA) certified drone pilot training, marking a pivotal development in the integration of drone technology across diverse industries.
Details of the Partnership
While the monetary value of the contract remains undisclosed, DroneAcharya emphasized the significance of the service order in an exchange filing on Tuesday. The partnership with the Adani Group underscores the growing recognition and adoption of drones for mapping, monitoring, and inspection purposes across various sectors within the conglomerate, including energy, infrastructure, logistics, resources, and agribusiness.
Commentary from DroneAcharya
Prateek Srivastava, the founder and managing director of DroneAcharya, expressed enthusiasm about the collaboration with the Adani Group. He highlighted the strategic importance of leveraging drones as a transformative technology, citing the Adani Group’s endorsement as a catalyst for broader industry acceptance and adoption.
Recent Achievements and Contracts
The partnership with the Adani Group adds to DroneAcharya’s growing portfolio of collaborations and contracts. Notably, the startup secured a contract with the Indian Army in January to provide capacity building and advanced drone training. In February, DroneAcharya further expanded its reach by entering into a partnership with Vimaan Aerospace to offer drones and related training and services.
Financial Performance and Market Presence
Having gone public in December 2022, DroneAcharya has witnessed a steady growth trajectory, with its shares listed on the BSE SME platform. Despite a temporary dip in stock value, the startup’s shares have demonstrated resilience and upward momentum over time. Founded in 2017, DroneAcharya has established itself as a leading provider of drone solutions, catering to various needs such as multi-sensor drone surveys, pilot training, and data processing.
Financial Highlights
DroneAcharya’s financial performance reflects its robust growth and profitability. In the first half of FY24, the startup reported a notable increase in profit after tax, reaching INR 3.97 Cr compared to INR 13.09 Lakh in the corresponding period of the previous fiscal year. Operating revenue surged by a staggering 998% to INR 20.89 Cr in H1 FY24, demonstrating the company’s expanding market presence and successful execution of contracts.
Driving Innovation and Industry Transformation
The partnership between DroneAcharya and the Adani Group symbolizes a collaborative effort towards embracing cutting-edge technology and driving innovation across sectors. As drones continue to revolutionize traditional methods of surveillance, monitoring, and data collection, partnerships like these pave the way for enhanced efficiency, safety, and productivity in various industries. With its proven track record and forward-thinking approach, DroneAcharya remains at the forefront of shaping the future of drone technology and its applications in the modern world.
-Prisha Jaiswal