IDEAFORGE TECHNOLOGY LTD.

Company Snapshot

Founded: 2007
Entity Type: Public
Employees: 413
Region: India
Revenue: $41.6 Millions
Revenue Year: 2023
Headquarter: Maharashtra, India
Key Geographics: India, U.S.
Corporate Address: EL-146 TTC Industrial Area, Electronic Zone, MIDC Mahape, Navi Mumbai – 400 710, Maharashtra India Tel. +91-22-6787-1000 www.ideaforgetech.com

Company Overview

Incorporated in 2007, IdeaForge Technology Ltd. stands as a pioneering leader in the Indian UAS market. The company boasts the largest operational deployment of indigenous UAVs in India, with an ideaForge-manufactured drone taking off every five minutes for surveillance and mapping purposes. The company claims that it ranked 5th in the dual-use category (civil and defense) drone manufacturers as of December 2023. It has been developing and manufacturing VTOL UAVs.

The company’s product portfolio caters to both civil and defense applications, encompassing specialties such as unmanned aerial systems, drones, surveillance, security, industrial inspections, precision agriculture, pipeline monitoring, and mapping.

Financial Highlights (FY 2023)

Net Revenue: ***
Total Current Liabilities: ***
Total Current Assets: ***
Operating Income: ***

This information is available for BCC Research members only.

IDEAFORGE TECHNOLOGY LTD. In Reports

Drone Technology and Global Markets

BCC Research Market Analyst says global drone technology market was valued at $30.4 billion in 2023. The market is projected to grow from $33.9 billion in 2024 to $61.2 billion by the end of 2029, at a CAGR of 12.6%.

Company's Business Segments

  • Product : RYNO UAV, Q6 UAV, SWITCH UAV, NETRA V4 PRO, NETRA V4 UAV, Q4i UAV, NINJA UAV
  • Service : BlueFire Live, ideaForge CARE, BlueFire Touch, Forest Solution, Flyght Cloud, Payload, Remote Pilot Certificate Training

Applications/End User Industries

  • Public Safety
  • Wildfire Detection
  • Border Patrol
  • Defense Solutions
  • Mining Solutions
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