The company designs, develops and manufactures state-of-the-art combat training solutions for the training of defence and security forces worldwide.
The company manufactures land based military training simulators, driving simulators, live range equipment, and anti-drone systems.
Heavy lift logistics drones (HLLDs) from Zen Technologies offer advanced capabilities to fulfil the role of providing reliable logistics support in challenging environments and even in combat situations.
Its share price has spiked significantly after the government notified new rules.
Today, the stock is locked in 20% upper circuit after the company informed exchanges that its order book has witnessed a significant surge to ₹4 bn as on 1 September 2021, as against an order book of ₹1.9 bn on 30 June 2021.
The company is almost debt free.
In its latest annual report, the company said India is targeting to export military equipment worth US$5 bn in the next five years. With this, Zen Tech’s exports will accelerate.
The company is also focusing on large export opportunities within the Middle East, CIS, and Africa. It’s dedicating a core team to pursue business opportunities in the USA and other friendly countries.
#4 RattanIndia Enterprises
Just three weeks back, RattanIndia Enterprises made a strategic investment in US-based, Matternet, the world’s most extensive urban drone logistics platform.
It also announced the formation of an Indian subsidiary to kickstart the drone business in India.
After the announcement of new rules, the company in an update said it welcomed the liberalised rules.
The new rules are set to transform core sectors of the economy including logistics, agriculture, mining, infrastructure, surveillance, emergency response, transportation, geo-spatial mapping, defence, and law enforcement and will make India a global hub for drones by 2030.
RattanIndia Enterprises is the flagship company of RattanIndia group for its new age growth businesses.
Apart from drones, the company has also forayed into electric mobility space through Revolt Motors to democratise clean commute using next-gen mobility solutions.
Startups involved in drone technology
India is focusing more on being self-reliant. Defence Minister Rajnath Singh, while addressing the audience at an industry event, revealed that the government is aiming to bring down defence imports by at least US$2 bn by next year.
India has more than 190 defence tech startups building innovative tech solutions to empower and support the country’s defence efforts.
Here are a few of them involved in drone technology.
EyeROV – Founded in 2016 by Johns T Mathai, and Kannappa Palaniappan P, EyeROV is currently developing India’s first commercial underwater drone for remote inspection of offshore assets.
Recently, Indian Oil Corp (IOC) announced that its deploying drones to monitor its vast network of pipelines across the country as it doubles down on the use of technology to thwart attempts to steal fuel.
Vinveli – Iowa and Chennai-based Vinveli is building indigenous drones for special forces under the Ministry of Home Affairs.
ideaForge – This drone startup claims to have over 90% of the market share in the security and surveillance segment.
The company is involved in manufacturing drones for defence, homeland security, and industrial applications.
A Multi-Billion Dollar Industry
The drone industry in India is expected to gain momentum. India is estimated to develop a multibillion-dollar drone industry in this decade.
According to global market intelligence and advisory firm, the global drone market, which is currently dominated by US, China, and Israel, will touch US$28.47 bn this year and India will comprise about 4.25% of that.
The foundation of growth has been led by the new Drone Rules 2021. With rising number of drone training institutes, India will not be far behind.
Along with the electric vehicle (EV) revolution, the drone revolution is happening side by side.
Co-head of Research at Equitymaster, Tanushree Banerjee keeps a close watch on stocks from this space.
Infact, as per Tanushree, India's drone revolution is a 4x profit opportunity. She has identified a little known drone company with immense potential.