DroneAcharya Aerial Innovations, a prominent BSE-listed company, has recently made a strategic move by signing a term sheet with AVPL International to establish a joint venture focusing on enhancing drone manufacturing capabilities right here in India. This collaboration marks a significant step towards leveraging the expertise of both entities to develop cutting-edge drones for a variety of applications, ranging from agriculture and surveillance to logistics.
In addition to this exciting partnership, DroneAcharya has also taken a proactive step by approving the adoption of an Employee Stock Option Plan (ESOP) to further engage employees and align their interests with the organization’s overarching goals. This move not only underscores the company’s commitment to its workforce but also sets the stage for fostering a culture of innovation and collaboration within the company.
As part of the joint venture, the two companies have proposed the name ‘AVPL DroneAcharya’ for the merged entity, symbolizing a union of expertise and vision in the drone manufacturing space. AVPL, under the umbrella of AITMC Ventures Ltd, boasts a strong presence across 12 states, with 50 Global Incubation and Skill Hubs (GISH) and 20 World Incubation and Skill Hubs (WISH) that are dedicated to drones and agriculture. The company offers a wide range of services, including drone training, drone manufacturing, and agri-input retail outlets, positioning itself as a key player in the industry.
AITMC Ventures Ltd has demonstrated impressive growth, recording a 95.2% increase in operating revenue during FY24, amounting to Rs 41.87 crore, while its profits surged by 82.6% to Rs 8.84 crore during the same period. This robust performance underscores the company’s strong financial footing and its potential for further expansion and innovation in the drone sector.
On the other hand, DroneAcharya made a grand entrance into the public market in December 2022 through BSE SME, witnessing a remarkable 90% premium listing followed by an upper circuit on the same day. As of January 23, 2025, the company’s share price stands at Rs 110.15 per share, reflecting the market’s confidence in its growth trajectory and potential.
Overall, the collaboration between DroneAcharya and AVPL International holds immense promise for the Indian drone manufacturing landscape, paving the way for innovation, growth, and strategic advancements in the industry. With a shared vision and a commitment to excellence, ‘AVPL DroneAcharya’ is poised to make a lasting impact and drive the future of drone technology in India and beyond.
