What They Build
ideaForge designs and manufactures unmanned aerial vehicles, payloads, and software for surveillance, mapping, inspection, and security applications.
Why They Matter
Drones are a defense-industrial capability when airframes, payloads, software, and field support are controlled domestically. ideaForge matters because it has crossed from prototype culture into scaled deployments and public-market scrutiny. The next test is whether it can keep technical differentiation as drone hardware commoditizes.
Founders
Ankit Mehta, Rahul Singh, Ashish Bhat, Vipul Joshi
Recent Milestones
- Listed on NSE in June 2023 as India's first publicly listed drone company
- FY26 revenue reached Rs 226 crore, with Q4 FY26 revenue of Rs 141 crore
- Q4 FY26 PAT reached Rs 60 crore; FY26 annual order inflow reached Rs 530 crore
- Electronic-warfare-resilient drone systems delivered and accepted under active defence contracts
- Combat drones, loitering munitions, and long-range strike platforms under development as of May 2026
- More than 700,000 successful missions reported across defence, homeland security, and civil deployments
- First US purchase order received from Lamar Consolidated Independent School District; NATO training and US DoD demonstration disclosed
This profile reflects only publicly disclosed information.