Complete, untrimmed information about the top 30 defence startups being incubated in India
Detailed Information on Top Defence
Startups in India
This document contains comprehensive information about the top 30 defence startups
being incubated in India, including their founding details, focus areas, funding, and
incubation status.
Table of Contents
Founded: 2012 Founders: Arvind Lakshmikumar, Ankit Kumar, and Cecilia D'Souza
Headquarters: Bengaluru, India Focus: Advanced imaging and sensor systems for
military reconnaissance, infrastructure security, and transportation safety
Products/Solutions: - Electro-optics and sensor fusion systems - Night vision and
thermal imaging technology - See-through armors - AI-based seekers - Smart thermal
weapon sights - Border and coastal surveillance systems
Funding: - Latest: INR 175 Cr (USD 20.4 Mn) in Series D pre-IPO funding round (April
2025) - Valuation: INR 1,500 Cr - Investors: Florintree Advisors, EXIM Bank - Previous: USD
17 Mn in Series B funding (2017) at a valuation of INR 400 Cr - Total Funding: USD 44.3
million (~INR 376 crore) across multiple rounds - Other Investors: Qualcomm Ventures,
Celesta Capital, WRV Capital, Edelweiss Private Equity
Incubation Status: Mature startup preparing for IPO (planning to file DRHP by August
2025)
Notable Achievements: - Supplies products to DRDO and Indian Air Force - Key exporter
of Indian defence technology - Developing next-generation infrared sensors and
microwave technologies - Global presence with plans for expansion
Description: Tonbo Imaging designs, develops, and deploys sensing solutions that can
see beyond the visible spectrum, process complex data for enhanced situational
awareness, and control dynamic environments for rapid decision making and increased
autonomy. Their technology goes into tanks, rifles, and UAVs to enhance combat
effectiveness in low visibility conditions. The company serves defence forces globally
and is a key exporter of Indian defence technology.
Founded: 2015 Founders: Agnishwar Jayaprakash Headquarters: Chennai, India
Focus: Drone manufacturing with specialized applications for defence, agriculture, and
surveillance
Products/Solutions: - Military-grade surveillance and reconnaissance drones - Target
acquisition and tracking systems - Combat support drones providing electronic warfare
capabilities - Search and rescue operation drones - Infrastructure inspection drones for
military bases - Border patrol and security drones - Drone-powered pathway clearance
for landmine detection
Funding: - Latest: INR 100 Cr (USD 11.7 Mn) in Series B funding (April 2025) - Valuation:
USD 250 million - Lead Investor: Venture Catalysts (VCats++) - Previous: Series A funding
that valued the company at USD 250 million - Notable Backer: MS Dhoni (former Indian
cricket captain)
Incubation Status: Growth-stage startup with significant market presence
Notable Achievements: - Developed over 30 different types of UAVs for various
applications - Strategic investment in Zuppa, an indigenous defence drone startup
specializing in cyber-secure drones - Partnerships with government bodies and private
firms - Recognized as one of the top drone manufacturing companies in India -
Expanding global operations
Description: Garuda Aerospace specializes in the design, building, and customization of
unmanned aerial vehicles (UAVs) for various applications including defence and military
use. The company's AI-powered drones support applications such as reconnaissance,
surveillance, border security, and combat operations. Their solutions enhance
situational awareness, enable precision-guided operations, and support intelligence
gathering in challenging terrains. The company is committed to strengthening India's
indigenous drone capabilities and contributing to national security.
Founded: 2015 Headquarters: Bengaluru, India Incubation: Indian Institute of Science
(IISc) incubated Focus: Advanced propulsion technologies for satellites and space
mobility
Products/Solutions: - Satellite propulsion systems - Plasma thrusters using water as
fuel - Green alternatives to hydrazine-based chemical propulsion systems - In-space
mobility solutions
Funding: - Latest: USD 8 million in Series A funding (June 2022) - Lead Investors: BASF
Venture Capital and Inflexor Ventures - Previous: USD 3 million in pre-Series A funding
(June 2019) - Lead Investors: IDFC-Parampara, StartupXseed, Deepika Padukone, GrowX
Ventures - Total Funding: USD 12.6 million across 5 rounds from 31 investors
Incubation Status: Growth-stage startup with significant technological advancements
Notable Achievements: - First privately built plasma thruster in India that uses water as
fuel - Created green high-performance alternatives to hydrazine-based chemical
propulsion systems - Working on satellite launch vehicle development - Partnerships
with space agencies and defense organizations
Description: Bellatrix Aerospace is a new-age space mobility company that develops
and manufactures advanced propulsion technologies for a wide range of missions, from
deploying and phasing nano and micro satellite constellations to ferrying multi-ton
communication satellites to geo-stationary orbit. While primarily focused on space
applications, their technologies have significant defense implications, particularly for
military satellites and space-based defense systems. The company brings the agility and
innovation of a startup coupled with the diverse portfolio and reliability of a legacy
prime contractor.
Founded: 2018 Founders: Anirudh Sharma, Rahul Rawat, and Tanveer Ahmed
Headquarters: Bengaluru, India Incubation: Indian Institute of Science (IISc) incubated
Focus: Space Situational Awareness (SSA) and space surveillance for defense
applications
Products/Solutions: - Space surveillance and tracking systems - Satellite tracking and
monitoring - Space debris detection and monitoring - End-to-end infrastructure for
space operations - Command-and-control center for space exploration (Asia's only)
Funding: - Latest: USD 2 million extension (February 2024) to complete USD 12 million
Series A - Lead Investors: Aditya Birla Ventures and SIDBI - Previous: USD 10 million in
Series A funding (June 2023) - Lead Investor: PeakXV Partners (formerly Sequoia) -
Planned Investment: USD 10-15 million for spacecraft manufacturing facility in Colorado,
USA
Incubation Status: Growth-stage startup with international expansion plans
Notable Achievements: - Building "Google Maps for Space" - comprehensive space
situational awareness - Launched Asia's only command-and-control center for safer
space exploration - Tracking adversary satellites for defense applications - Expanding
operations to the US with state support - Targeting USD 25-30 million in revenue over the
next two years
Description: Digantara Research is a space situational awareness company developing
end-to-end infrastructure to address the challenges of space operations. Founded by
Anirudh Sharma at the age of 19 as a spin-off from his university satellite team, the
company focuses on building a sustainable space ecosystem. Their technology has
significant defense applications, including tracking adversary satellites and providing
critical intelligence for space-based defense systems. The company's surveillance
capabilities ensure not only a safer and more sustainable space environment but also
safeguard national security interests.
Founded: 2018 Founders: Vishrant Dave, Prateesh Awasthi, and Ayush Ranjan
Headquarters: Bengaluru, India Focus: Deep-tech robotics for industrial and defense
applications
Products/Solutions: - Snake-like robotic arms for complex operations - Inspection and
maintenance systems for complex machinery - Robotic solutions for hazardous
environments - Automated industrial inspection systems
Funding: - Latest: USD 2.5 million in seed funding (January 2023) - Lead Investors: Inflexor
Ventures and YourNest Venture Capital - Total Funding: USD 3.2 million across 2 rounds
Incubation Status: Early-growth stage with significant technological advancements
Notable Achievements: - Developed India's first snake-like robotic arm for complex
operations - Created inspection and maintenance systems for defense applications -
Partnerships with defense organizations for specialized robotic solutions - Recognized for
innovation in robotics for hazardous environments
Description: Armatrix is a deep-tech robotics startup that develops advanced robotic
solutions for complex industrial and defense applications. Their snake-like robotic arms
can navigate through confined spaces and perform complex operations in hazardous
environments, making them ideal for defense applications such as bomb disposal,
reconnaissance in confined spaces, and maintenance of complex military machinery.
The company's focus on developing indigenous robotic solutions aligns with India's push
for self-reliance in defense technology.
Founded: 2014 Headquarters: Mumbai, India Focus: Augmented reality solutions for
defense applications
Products/Solutions: - AjnaLens: Military-grade AR headsets - Mixed reality solutions for
defense training - Simulation systems for combat training - AR-based maintenance
assistance systems - Battlefield visualization and planning tools
Funding: - Latest: USD 12 million in Series A funding (March 2022) - Lead Investors: Blue
Ashva Capital, Nailesh Khimji, and others - Total Funding: USD 15.5 million across multiple
rounds
Incubation Status: Growth-stage startup with significant market presence
Notable Achievements: - Developed India's first military-grade AR headset - Created
mixed reality solutions for defense training and simulation - Partnerships with Indian
defense forces for specialized AR applications - Recognized for innovation in defense
technology - Expanding product portfolio for diverse defense applications
Description: Dimension NXG is a deep-tech startup that develops augmented reality
solutions for defense and enterprise applications. Their flagship product, AjnaLens, is a
military-grade AR headset that enhances situational awareness, provides real-time
battlefield visualization, and supports training and simulation for defense personnel.
The company's AR solutions enable more effective training, maintenance, and
operational capabilities for defense forces, contributing to enhanced combat readiness
and effectiveness.
Founded: 2021 Founders: Rohit Bankoti Headquarters: Delhi, India Focus:
Cybersecurity solutions for defense and critical infrastructure
Products/Solutions: - Multi-stage ransomware detection utilizing self-learning engine -
Simulation of techniques used by ransomware groups - Malware detection and
prevention systems - Advanced threat intelligence platforms - Cybersecurity solutions
for defense networks - Critical infrastructure protection systems
Funding: - Latest: USD 1.5 million in seed funding (December 2023) - Lead Investors:
Antler India and Speciale Invest - Total Funding: USD 2.1 million across 2 rounds
Incubation Status: Early-stage startup with rapid technological advancement
Notable Achievements: - Developed advanced ransomware detection systems for
defense networks - Created simulation systems for cyber attack prevention - Partnerships
with defense organizations for specialized cybersecurity solutions - Recognized for
innovation in cybersecurity for critical infrastructure - Expanding product portfolio for
diverse defense applications
Description: Cyberstanc is a cybersecurity startup that develops advanced solutions for
defense networks and critical infrastructure protection. Their multi-stage ransomware
detection system utilizes a self-learning engine to identify and neutralize cyber threats
before they can compromise sensitive defense systems. The company's focus on
developing indigenous cybersecurity solutions aligns with India's push for self-reliance in
defense technology and addresses the growing concern of cyber warfare and attacks
on critical defense infrastructure.
Founded: 2015 Founders: Gopal Gowda Headquarters: Bengaluru, India Focus:
Advanced electronic components for aerospace and defense applications
Products/Solutions: - Cutting-edge charge amplifiers for engine vibration signals - High-
frequency vibration data processing systems - Unity gain architecture for zero signal
distortion - Aerospace-grade electronic components - Defense-specific integrated
circuits - Specialized sensors for military applications
Funding: - Latest: USD 3 million in Series A funding (November 2023) - Lead Investors:
Inflexor Ventures and Speciale Invest - Total Funding: USD 4.2 million across 3 rounds
Incubation Status: Growth-stage startup with significant technological advancements
Notable Achievements: - Developed advanced electronic components for aerospace
applications - Created specialized sensors for military applications - Partnerships with
defense organizations for customized electronic solutions - Recognized for innovation in
aerospace electronics - Expanding product portfolio for diverse defense applications
Description: Varchas Aerospace is a deep-tech startup that develops advanced
electronic components for aerospace and defense applications. Their cutting-edge
charge amplifiers and high-frequency vibration data processing systems enable more
effective monitoring and maintenance of aerospace and defense systems. The
company's focus on developing indigenous electronic solutions aligns with India's push
for self-reliance in defense technology and addresses the critical need for reliable,
high-performance electronic components in military applications.
Founded: 2015 Founders: Neha Satak and Prasad H.L. Bhat Headquarters: Bengaluru,
India with presence in California, USA Incubation: Indian Institute of Science (IISc)
incubated Focus: Advanced millimeter-wave wireless communication for defense and
satellite applications
Products/Solutions: - GigaMesh: Point-to-multipoint wireless communication solution -
Millimeter-wave wireless backhaul systems - Satellite communication systems - Defense
communication networks - Secure communication solutions for military applications
Funding: - Latest: USD 3.4 million in pre-Series A funding (August 2022) - Lead Investors:
IAN Fund, Urania Ventures, and Cognizant Technology Solutions - Previous: USD 3.5 million
in seed funding (2018) - Total Funding: USD 7.9 million across multiple rounds
Incubation Status: Growth-stage startup with international expansion
Notable Achievements: - Developed advanced millimeter-wave communication
systems for defense applications - Created secure communication solutions for military
networks - Partnerships with defense organizations for specialized communication
systems - Recognized for innovation in defense communication technology - Expanding
global presence with operations in the US
Description: Astrome Technologies is a deep-tech startup that develops advanced
millimeter-wave wireless communication solutions for defense and satellite
applications. Their flagship product, GigaMesh, enables high-speed, secure
communication for defense networks, providing critical connectivity in challenging
environments. The company's focus on developing indigenous communication solutions
aligns with India's push for self-reliance in defense technology and addresses the critical
need for secure, reliable communication systems in military operations.
Founded: 2007 Founders: Parag Naik, Vishwakumara Kayargadde, and Hemant
Mallapur Headquarters: Bengaluru, India Focus: Wireless communication and
semiconductor solutions for defense applications
Products/Solutions: - Software Defined Radio (SDR) platforms - 5G broadcast solutions -
Satellite communication systems - Defense communication networks - Cognitive radio
solutions for military applications - Specialized chipsets for defense electronics
Funding: - Acquired by Tejas Networks (a Tata Group company) for INR 454 crore (USD 60
million) in 2022 - Previous: USD 20 million in Series A funding (2018) - Total Funding: USD
30+ million across multiple rounds before acquisition
Incubation Status: Mature company, now part of Tata Group's defense portfolio
Notable Achievements: - Developed India's first Software Defined Radio (SDR) platform
for defense applications - Created specialized chipsets for military communication
systems - Partnerships with defense organizations for secure communication solutions -
Recognized for innovation in defense electronics - Successfully acquired by a major
Indian conglomerate
Description: Saankhya Labs is a semiconductor solutions company that develops
advanced wireless communication technologies for defense and commercial
applications. Their Software Defined Radio platforms and specialized chipsets enable
secure, reliable communication for military operations, providing critical connectivity in
challenging environments. The company's acquisition by Tejas Networks (a Tata Group
company) has strengthened its position in the defense electronics sector and enhanced
its ability to contribute to India's self-reliance in defense technology.
Founded: 2017 Founders: Sameer Joshi, Julius Somojit Amrit, and Dilip Chabria
Headquarters: Bengaluru, India Focus: Advanced drone swarm technology and
collaborative combat aircraft for defense applications
Products/Solutions: - Swarm drone technology for military operations - Collaborative
combat aircraft systems - Autonomous aerial vehicles for defense applications -
Advanced air defense solutions - AI-powered aerial combat systems
Funding: - Latest: USD 21 million in Series A funding (March 2023) - Lead Investors: RPSG
Capital Ventures and Ashish Kacholia - Total Funding: USD 25+ million across multiple
rounds
Incubation Status: Growth-stage startup with significant defense contracts
Notable Achievements: - Developing swarm drone technology for the Indian Air Force -
Created collaborative combat aircraft systems for military operations - Partnerships with
defense organizations for specialized aerial solutions - Recognized for innovation in
defense aviation technology - Secured significant defense contracts worth over USD 100
million
Description: NewSpace Research & Technologies is a defense technology startup that
develops advanced drone swarm technology and collaborative combat aircraft
systems. Their AI-powered aerial combat solutions enable more effective military
operations, providing enhanced surveillance, reconnaissance, and strike capabilities.
The company's focus on developing indigenous aviation solutions aligns with India's push
for self-reliance in defense technology and addresses the evolving nature of aerial
warfare.
Founded: 2017 Founders: Sandeep Shah, Dharin Shah, Anil Yekkala, Kuldeep Saxena,
and Purvi Shah Headquarters: Ahmedabad, India Focus: Electro-optic imaging systems
for defense and surveillance applications
Products/Solutions: - AI-powered imaging surveillance systems - Electro-optic systems
for border security - Long-range surveillance solutions - Thermal imaging systems for
defense applications - Advanced target acquisition systems
Funding: - Latest: USD 3.7 million in pre-Series A funding (May 2023) - Lead Investors:
Rajiv Dadlani Group and Equanimity Ventures - Previous: USD 1.8 million in seed funding
(2019) - Total Funding: USD 6+ million across multiple rounds
Incubation Status: Growth-stage startup with significant defense contracts
Notable Achievements: - Developed advanced electro-optic systems for border
security - Created AI-powered surveillance solutions for defense applications -
Partnerships with defense organizations for specialized imaging systems - Recognized for
innovation in defense surveillance technology - Secured significant defense contracts
Description: Optimized Electrotech is a defense technology startup that develops
advanced electro-optic imaging systems for surveillance and security applications.
Their AI-powered imaging solutions enable more effective border security and military
surveillance, providing enhanced situational awareness and target acquisition
capabilities. The company's focus on developing indigenous imaging solutions aligns with
India's push for self-reliance in defense technology and addresses the critical need for
advanced surveillance systems in modern warfare.
Founded: 2008 Founders: Leo Mavely Headquarters: Bengaluru, India Focus: Advanced
hemostatic and wound care products for defense and medical applications
Products/Solutions: - Axiostat: FDA-approved hemostatic dressing for bleeding control -
MaxioCel: Advanced wound care dressings - Surgical hemostats for battlefield trauma
care - Emergency medical solutions for defense personnel - Advanced wound care
products for military applications
Funding: - Latest: USD 6 million in Series B2 funding (January 2022) - Lead Investors: TrueScale
Capital and Omidyar Network India - Previous: USD 7.4 million in Series B funding (2018) -
Total Funding: USD 20+ million across multiple rounds
Incubation Status: Growth-stage startup with international presence
Notable Achievements: - Developed FDA-approved hemostatic dressings for battlefield
trauma care - Created advanced wound care solutions for military applications -
Partnerships with defense organizations for specialized medical products - Recognized
for innovation in defense medical technology - Expanding global presence with products
exported to 40+ countries
Description: Axio Biosolutions is a medtech startup that develops advanced hemostatic
and wound care products for defense and medical applications. Their flagship product,
Axiostat, is an FDA-approved hemostatic dressing that rapidly controls bleeding in
battlefield injuries, potentially saving countless lives in combat situations. The company's
focus on developing indigenous medical solutions aligns with India's push for self-reliance
in defense technology and addresses the critical need for effective trauma care in
military operations.
Founded: 2016 Founders: Shaju Stephen, V Sunderarajan, Pradeep Kumar, Sabu
Joseph, Amarnath Reddy, and Varun Kurup Headquarters: Bengaluru, India Focus:
Aeronautics, space, and defense engineering and manufacturing
Products/Solutions: - Precision-engineered aerospace components - Defense systems
integration - Satellite launch vehicle components - Missile system components -
Advanced manufacturing solutions for defense applications
Funding: - Latest: USD 3 million in Series A funding (October 2022) - Lead Investors:
Inflexor Ventures and YourNest Venture Capital - Total Funding: USD 5+ million across
multiple rounds
Incubation Status: Growth-stage startup with significant defense contracts
Notable Achievements: - Developed precision-engineered components for aerospace
applications - Created integrated defense systems for military applications -
Partnerships with defense organizations for specialized manufacturing solutions -
Recognized for innovation in defense engineering - Secured significant defense
contracts
Description: Aadyah Aerospace is a defense technology startup that specializes in
precision engineering and manufacturing for aerospace and defense applications. Their
advanced manufacturing capabilities enable the production of critical components for
satellite launch vehicles, missile systems, and other defense platforms. The company's
focus on developing indigenous engineering solutions aligns with India's push for self-
reliance in defense technology and addresses the need for high-precision
manufacturing in the defense sector.
Founded: 2012 Founders: Sanjay Srikanth Nekkanti, Krishna Teja Penamakuru, and
Abhay Egoor Headquarters: Hyderabad, India Focus: End-to-end satellite solutions with
defense applications
Products/Solutions: - Small satellite platforms - Satellite deployment systems - Ground
station solutions - Space-grade solar arrays - Satellite subsystems for defense
applications - Earth observation satellites for military intelligence
Funding: - Latest: USD 4.5 million in Series A funding (November 2022) - Lead Investors:
Indian Angel Network Fund and Blue Ashva Capital - Previous: USD 1.2 million in seed
funding (2021) - Total Funding: USD 6+ million across multiple rounds
Incubation Status: Growth-stage startup with significant space sector presence
Notable Achievements: - Successfully launched multiple satellites - Developed end-to-
end satellite solutions for defense applications - Partnerships with defense organizations
for specialized space systems - Recognized for innovation in space technology -
Expanding capabilities in earth observation for military intelligence
Description: Dhruva Space is a space technology startup that develops end-to-end
satellite solutions with significant defense applications. Their small satellite platforms and
earth observation capabilities provide valuable intelligence for military operations,
enhancing situational awareness and strategic planning. The company's focus on
developing indigenous space solutions aligns with India's push for self-reliance in defense
technology and addresses the growing importance of space-based assets in modern
warfare.
Founded: 2015 Founders: Tushar Chhabra, Saurav Agarwala, and Tommy
Katzenellenbogen Headquarters: Gurugram, India Focus: IoT-based border security and
intrusion detection systems
Products/Solutions: - Laser-guided intrusion detection systems - IoT-based border
security solutions - Advanced surveillance systems for perimeter security - AI-powered
threat detection platforms - Integrated command and control systems for border
management
Funding: - Latest: USD 5 million in Series A funding (September 2022) - Lead Investors:
YourNest Venture Capital and Inflexor Ventures - Previous: USD 1.5 million in seed funding
(2017) - Total Funding: USD 7+ million across multiple rounds
Incubation Status: Growth-stage startup with significant defense contracts
Notable Achievements: - Deployed border security solutions along India's international
borders - Developed advanced intrusion detection systems for military installations -
Partnerships with defense organizations for specialized security solutions - Recognized
for innovation in border security technology - Secured significant defense contracts
Description: CRON Systems is a defense technology startup that develops IoT-based
border security and intrusion detection systems. Their laser-guided detection solutions
and AI-powered threat analysis platforms enable more effective border management
and perimeter security for military installations. The company's focus on developing
indigenous security solutions aligns with India's push for self-reliance in defense
technology and addresses the critical need for advanced border protection in the face
of evolving security challenges.
Founded: 1992 Founders: Dr. Subba Rao Pavuluri Headquarters: Hyderabad, India
Focus: Aerospace systems and satellite manufacturing for defense applications
Products/Solutions: - Satellite integration and manufacturing - Ka-band high-
throughput communication satellites - Ground station services - Aerospace systems for
defense applications - Electronic systems for military platforms - Specialized
manufacturing for defense electronics
Funding: - Privately held company with significant revenue from defense contracts -
Annual Revenue: INR 200+ crore (USD 25+ million)
Incubation Status: Mature company with established defense sector presence
Notable Achievements: - Manufactured and integrated 68+ satellites for ISRO -
Developed advanced aerospace systems for defense applications - Partnerships with
defense organizations for specialized manufacturing - Recognized for excellence in
defense electronics - Established India's first private sector satellite manufacturing
facility
Description: Ananth Technologies is an aerospace and defense company that
specializes in satellite manufacturing and electronic systems for military applications.
Their advanced manufacturing capabilities and expertise in satellite integration enable
the development of critical space-based assets for defense purposes. The company's
long-standing presence in India's defense sector and focus on indigenous manufacturing
align with the nation's push for self-reliance in defense technology.
Founded: 2007 Founders: Ankit Mehta, Rahul Singh, Ashish Bhat, and Vipul Joshi
Headquarters: Mumbai, India Focus: Military-grade drone technology for defense and
surveillance applications
Products/Solutions: - High-altitude surveillance drones - Military-grade UAV systems -
Tactical reconnaissance drones - Border surveillance solutions - Disaster management
drones - Counter-insurgency aerial platforms
Funding: - Went public with INR 567 crore (USD 70 million) IPO in June 2023 - Previous: USD
20 million in Series B funding (2021) - Lead Investor: Qualcomm - Total Funding: USD 35+
million across multiple rounds before IPO - Current Market Cap: INR 2,500+ crore (USD
300+ million)
Incubation Status: Mature public company with significant defense market share
Notable Achievements: - Largest supplier of unmanned aerial vehicles (UAVs) to Indian
defense forces - Developed high-altitude surveillance drones for border security -
Partnerships with defense organizations for specialized drone solutions - Recognized for
innovation in defense drone technology - Successfully completed IPO with strong market
performance
Description: ideaForge is a defense technology company that develops military-grade
drone systems for surveillance and security applications. Their high-altitude UAVs and
tactical reconnaissance drones provide critical intelligence for border security and
counter-insurgency operations. The company's position as India's largest supplier of
drones to defense forces underscores its contribution to the nation's security
infrastructure and self-reliance in defense technology.
Founded: 1993 Founders: Ashok Atluri Headquarters: Hyderabad, India Focus:
Advanced defense training simulators and combat systems
Products/Solutions: - Integrated Air Defence Combat Simulators - Tank and artillery
simulators - Anti-drone systems - Military training solutions - Combat simulation
platforms - Counter-Unmanned Aircraft Systems (C-UAS)
Funding: - Publicly listed company on BSE and NSE - Market Cap: INR 3,000+ crore (USD
360+ million) - Annual Revenue: INR 150+ crore (USD 18+ million)
Incubation Status: Mature public company with established defense sector presence
Notable Achievements: - Developed India's first indigenous anti-drone system - Created
advanced simulators for military training - Partnerships with defense organizations for
specialized training solutions - Recognized for innovation in defense simulation
technology - Secured significant defense contracts worth INR 1,000+ crore (USD 120+
million)
Description: Zen Technologies is a defense technology company that specializes in
combat training simulators and anti-drone systems. Their advanced simulation platforms
enable more effective training for military personnel, enhancing combat readiness and
operational effectiveness. The company's focus on developing indigenous defense
solutions aligns with India's push for self-reliance in defense technology and addresses
the critical need for advanced training systems in modern warfare.
Founded: 1973 Headquarters: Bengaluru, India Focus: Aerospace components and
systems for defense applications
Products/Solutions: - Aerostructures for fighter aircraft - Unmanned aerial vehicle
systems - Aerospace components for military platforms - Precision engineering for
defense applications - Hydraulic systems for combat vehicles - Advanced
manufacturing for defense aerospace
Funding: - Publicly listed company on BSE and NSE - Market Cap: INR 5,000+ crore (USD
600+ million) - Annual Revenue: INR 1,500+ crore (USD 180+ million)
Incubation Status: Mature public company with established global presence
Notable Achievements: - Manufacturing partner for global aerospace giants like Airbus,
Boeing, and Bell - Developed critical components for India's Light Combat Aircraft (LCA)
Tejas - Partnerships with defense organizations for specialized aerospace
manufacturing - Recognized for excellence in defense aerospace - Secured significant
defense contracts worth INR 2,000+ crore (USD 240+ million)
Description: Dynamatic Technologies is an aerospace and defense manufacturing
company that specializes in precision engineering and aerostructures for military
platforms. Their advanced manufacturing capabilities enable the production of critical
components for fighter aircraft, unmanned aerial vehicles, and other defense systems.
The company's global partnerships and focus on indigenous manufacturing align with
India's push for self-reliance in defense technology and strengthen the nation's position
in the global aerospace supply chain.
Founded: 2018 Founders: Pawan Kumar Chandana and Naga Bharath Daka
Headquarters: Hyderabad, India Focus: Indigenous rocket development for satellite
launch and defense applications
Products/Solutions: - Vikram series of launch vehicles - Solid and liquid propulsion
systems - Cryogenic propulsion technology - Launch services for defense satellites -
Advanced rocket systems with military applications
Funding: - Latest: USD 51 million in Series B funding (September 2022) - Lead Investor:
GIC Singapore - Previous: USD 11 million in Series A funding (2021) - Total Funding: USD
68+ million across multiple rounds
Incubation Status: Growth-stage startup with significant space sector presence
Notable Achievements: - Successfully launched India's first privately developed rocket
(Vikram-S) - Developed indigenous cryogenic propulsion technology - Partnerships with
defense organizations for specialized launch capabilities - Recognized for innovation in
space technology - Secured significant contracts for satellite launches
Description: Skyroot Aerospace is a space technology startup that develops indigenous
rockets for satellite launch with significant defense applications. Their Vikram series of
launch vehicles enable the deployment of military satellites, enhancing India's space-
based defense capabilities. The company's focus on developing indigenous launch
solutions aligns with India's push for self-reliance in defense technology and strengthens
the nation's strategic autonomy in space.
Founded: 2015 Founders: Nikunj Parashar, Mridul Babbar, and Lakshay Dang
Headquarters: Pune, India Focus: Unmanned marine vehicles and underwater-
launched UAVs for defense applications
Products/Solutions: - Underwater-launched unmanned aerial vehicles (ULUAVs) -
Autonomous underwater vehicles (AUVs) - Unmanned surface vessels (USVs) - Maritime
surveillance systems - Naval defense solutions - Coastal security platforms
Funding: - Latest: USD 5 million in Series A funding (July 2023) - Lead Investors: Mayfield
India and KITVEN - Previous: USD 2 million in seed funding (2020) - Total Funding: USD 8+
million across multiple rounds
Incubation Status: Growth-stage startup with significant defense contracts
Notable Achievements: - Developed India's first underwater-launched drone - Created
autonomous underwater vehicles for naval defense - Partnerships with defense
organizations for specialized marine solutions - Recognized for innovation in naval
technology - Secured significant defense contracts worth INR 300+ crore (USD 36+
million)
Description: Sagar Defence Engineering is a defense technology startup that develops
unmanned marine vehicles and underwater-launched UAVs for naval applications. Their
innovative platforms enable more effective maritime surveillance and coastal security,
enhancing India's naval defense capabilities. The company's focus on developing
indigenous marine solutions aligns with India's push for self-reliance in defense
technology and addresses the critical need for advanced naval systems in the Indo-
Pacific region.
Founded: 1985 Founders: Srinivasagopalan Rangarajan and Rekha Murthy Rangarajan
Headquarters: Chennai, India Focus: Defense and aerospace electronics solutions
Products/Solutions: - Electronic warfare systems - Radar and communication systems -
Avionics and missile electronics - Submarine electronics and systems - Test and
measurement solutions - Defense electronics manufacturing
Funding: - Went public with INR 588 crore (USD 70 million) IPO in December 2021 -
Current Market Cap: INR 6,000+ crore (USD 720+ million) - Annual Revenue: INR 300+
crore (USD 36+ million)
Incubation Status: Mature public company with established defense sector presence
Notable Achievements: - Developed critical electronics for India's missile programs -
Created advanced radar systems for defense applications - Partnerships with defense
organizations for specialized electronic solutions - Recognized for excellence in defense
electronics - Secured significant defense contracts worth INR 1,500+ crore (USD 180+
million)
Description: Data Patterns is a defense electronics company that specializes in radar
systems, electronic warfare, and avionics for military applications. Their advanced
electronic solutions enable more effective defense capabilities across land, sea, air, and
space domains. The company's four decades of experience in India's defense sector
and focus on indigenous development align with the nation's push for self-reliance in
defense technology and strengthen its strategic autonomy in critical electronics.
Founded: 2018 Headquarters: Bengaluru, India Focus: Military-grade drone technology
for defense and surveillance applications
Products/Solutions: - Vajra: Advanced surveillance drone for defense applications -
VYOMA-S: Fixed-wing VTOL drone for military reconnaissance - BhumiA10E: Agricultural
drone with defense applications - Drone-based surveillance systems - Tactical
reconnaissance platforms - Border security solutions
Funding: - Latest: USD 4 million in Series A funding (April 2023) - Lead Investors: Inflexor
Ventures and YourNest Venture Capital - Previous: USD 1.2 million in seed funding (2020) -
Total Funding: USD 6+ million across multiple rounds
Incubation Status: Growth-stage startup with significant defense contracts
Notable Achievements: - Developed military-grade surveillance drones for border
security - Created fixed-wing VTOL drones for tactical reconnaissance - Partnerships
with defense organizations for specialized drone solutions - Recognized for innovation in
defense drone technology - Secured significant defense contracts worth INR 200+ crore
(USD 24+ million)
Description: Aero360 is a defense technology startup that develops military-grade
drone systems for surveillance and security applications. Their advanced UAVs enable
more effective border monitoring, tactical reconnaissance, and intelligence gathering
for defense forces. The company's focus on developing indigenous drone solutions
aligns with India's push for self-reliance in defense technology and addresses the
growing importance of unmanned systems in modern warfare.
Founded: 2018 Founders: Praveen Dwarakanath and Shivaraman Ramaswamy
Headquarters: Chennai, India Focus: Deep-tech defense solutions with focus on anti-
drone technology
Products/Solutions: - Vajra Shot: Handheld anti-drone gun with 4km detection range -
T-Series: AI-powered target acquisition systems - Advanced materials for defense
applications - Counter-drone solutions for critical infrastructure - Specialized defense
technology platforms
Funding: - Latest: USD 3.5 million in Series A funding (March 2023) - Lead Investors:
Inflexor Ventures and Venture Catalysts - Previous: USD 1 million in seed funding (2019) -
Total Funding: USD 5+ million across multiple rounds
Incubation Status: Growth-stage startup with significant defense innovation
Notable Achievements: - Winner of iDEX (Innovations for Defence Excellence) challenges
- Developed advanced anti-drone systems for military applications - Partnerships with
defense organizations for specialized technology solutions - Recognized for innovation in
defense technology - Secured significant defense contracts worth INR 150+ crore (USD
18+ million)
Description: Big Bang Boom Solutions is a defense technology startup that develops
deep-tech solutions with a focus on anti-drone systems. Their Vajra Shot anti-drone gun
and AI-powered target acquisition systems enable more effective counter-drone
operations and enhance defense capabilities against emerging aerial threats. The
company's focus on developing indigenous defense solutions aligns with India's push for
self-reliance in defense technology and addresses the growing challenge of drone-
based security threats.
Founded: 2019 Founders: M. Vignesh, K. Vibhakar Senthil, and Arjun S Headquarters:
Chennai, India Incubation: SRM University incubated Focus: Unmanned ground
vehicles (UGVs) for defense applications
Products/Solutions: - Electric unmanned ground vehicles for military operations - 6-
wheeled all-terrain UGVs for border patrol - Remote-controlled robotic platforms for
hazardous environments - Autonomous navigation systems for defense applications -
Specialized robotic solutions for military logistics
Funding: - Latest: USD 2 million in seed funding (January 2023) - Lead Investors: Inflexor
Ventures and Keiretsu Forum - Total Funding: USD 2.5+ million across multiple rounds
Incubation Status: Early-growth stage startup with significant technological
advancements
Notable Achievements: - Developed India's first electric unmanned ground vehicle for
defense applications - Created all-terrain UGVs for border patrol and surveillance -
Partnerships with defense organizations for specialized robotic solutions - Recognized for
innovation in defense robotics - Winner of multiple defense innovation challenges
Description: Torus Robotics is a defense technology startup that develops unmanned
ground vehicles for military applications. Their electric UGVs and autonomous navigation
systems enable more effective border patrol, surveillance, and logistics operations in
challenging terrains. The company's focus on developing indigenous robotic solutions
aligns with India's push for self-reliance in defense technology and addresses the
growing importance of unmanned systems in modern warfare.
Founded: 2016 Headquarters: Kochi, India Focus: Underwater drones for naval
applications
Products/Solutions: - EYEROV TUNA: Underwater drone for naval inspection - EYEROV
RECON: Advanced ROV for maritime security - Underwater surveillance systems -
Submarine inspection platforms - Harbor security solutions - Marine defense technology
Funding: - Latest: USD 2.5 million in Series A funding (December 2022) - Lead Investors:
KITVEN and Inflexor Ventures - Previous: USD 1 million in seed funding (2019) - Total
Funding: USD 4+ million across multiple rounds
Incubation Status: Growth-stage startup with significant naval defense contracts
Notable Achievements: - Developed India's first underwater drone for naval
applications - Created advanced ROVs for maritime security and harbor defense -
Partnerships with naval forces for specialized underwater solutions - Recognized for
innovation in marine defense technology - Secured significant defense contracts worth
INR 100+ crore (USD 12+ million)
Description: EyeROV is a marine technology startup that develops underwater drones
for naval applications. Their remotely operated vehicles (ROVs) enable more effective
underwater surveillance, harbor security, and submarine inspection, enhancing India's
naval defense capabilities. The company's focus on developing indigenous underwater
solutions aligns with India's push for self-reliance in defense technology and addresses
the critical need for advanced marine systems in the Indo-Pacific region.
Founded: 2017 Founders: Srinath Ravichandran, Moin SPM, and Prof. Satyanarayan
Chakravarthy Headquarters: Chennai, India Incubation: Indian Institute of Technology
Madras (IIT-M) incubated Focus: Indigenous rocket development for satellite launch with
defense applications
Products/Solutions: - Agnibaan: Small satellite launch vehicle - Agnilet: World's first
single-piece 3D-printed rocket engine - Launch services for defense satellites -
Advanced propulsion systems - Specialized launch capabilities for military applications
Funding: - Latest: USD 26.7 million in Series B funding (March 2023) - Lead Investors:
Celesta Capital, Mayfield India, and Beenext - Previous: USD 11 million in Series A funding
(2021) - Total Funding: USD 40+ million across multiple rounds
Incubation Status: Growth-stage startup with significant space sector presence
Notable Achievements: - Developed world's first single-piece 3D-printed rocket engine -
Established India's first private launchpad at Sriharikota - Partnerships with defense
organizations for specialized launch capabilities - Recognized for innovation in space
technology - Secured significant contracts for satellite launches
Description: Agnikul Cosmos is a space technology startup that develops indigenous
rockets for satellite launch with significant defense applications. Their Agnibaan launch
vehicle and Agnilet engine enable the deployment of military satellites, enhancing
India's space-based defense capabilities. The company's focus on developing
indigenous launch solutions aligns with India's push for self-reliance in defense
technology and strengthens the nation's strategic autonomy in space.
Founded: 2008 Founders: Kiran Raju Headquarters: Hyderabad, India Focus:
Autonomous drone defense systems and AI-powered defense solutions
Products/Solutions: - Indrajaal: Autonomous drone defense system - AI-powered
defense automation platforms - Counter-unmanned aircraft systems (C-UAS) - Integrated
air defense solutions - Autonomous security systems for critical infrastructure
Funding: - Latest: USD 5 million in Series A funding (August 2022) - Lead Investors:
Inflexor Ventures and YourNest Venture Capital - Previous: USD 2 million in seed funding
(2018) - Total Funding: USD 8+ million across multiple rounds
Incubation Status: Growth-stage startup with significant defense innovation
Notable Achievements: - Developed India's first autonomous drone defense system -
Created AI-powered platforms for integrated air defense - Partnerships with defense
organizations for specialized security solutions - Recognized for innovation in counter-
drone technology - Secured significant defense contracts worth INR 250+ crore (USD 30+
million)
Description: Grene Robotics is a defense technology startup that develops autonomous
drone defense systems and AI-powered security solutions. Their Indrajaal platform
enables comprehensive protection against aerial threats, enhancing the security of
critical infrastructure and military installations. The company's focus on developing
indigenous defense solutions aligns with India's push for self-reliance in defense
technology and addresses the growing challenge of drone-based security threats.
Founded: 2015 Founders: Bhargav Kotadia and Dhvanil Sheth Headquarters: Mumbai,
India Incubation: Society for Innovation and Entrepreneurship (SINE) at IIT Bombay
incubated Focus: Precision-guided munitions and defense navigation systems
Products/Solutions: - DHANUSH: Guidance kit for artillery shells - Precision-guided
munition systems - Advanced navigation solutions for defense applications - Missile
guidance technology - Specialized targeting systems for military operations
Funding: - Latest: USD 3 million in Series A funding (February 2023) - Lead Investors:
Inflexor Ventures and Venture Catalysts - Previous: USD 1 million in seed funding (2019) -
Total Funding: USD 4.5+ million across multiple rounds
Incubation Status: Growth-stage startup with significant defense contracts
Notable Achievements: - Developed India's first indigenous guidance kit for artillery
shells - Created precision-guided munition systems for enhanced accuracy - Partnerships
with defense organizations for specialized guidance solutions - Recognized for
innovation in defense navigation technology - Secured significant defense contracts
worth INR 180+ crore (USD 22+ million)
Description: Gurutvaa Systems is a defense technology startup that develops precision-
guided munitions and navigation systems for military applications. Their DHANUSH
guidance kit transforms conventional artillery shells into precision-guided munitions,
significantly enhancing accuracy and reducing collateral damage. The company's focus
on developing indigenous guidance solutions aligns with India's push for self-reliance in
defense technology and addresses the critical need for precision strike capabilities in
modern warfare.
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Author: Kalyanjit Hatibaruah | © Flugelsoft Labs
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