StopDownOpen the app

Launch · Government, Defense & Space

Indian Navy signs ₹47 crore contract with EyeROV for UWROVs

By ·

EyeROV logo
Date
Company
EyeROV
What it does
Underwater remotely operated vehicles
Kind
Launch
Amount
₹47 crore
Founded
2017
Sector
Government, Defense & Space

What they do

EyeROV builds underwater remotely operated vehicles (UWROVs) for defence and marine sectors

What happened

The Indian Navy awarded a ₹47 crore contract for EyeROV TROUT, a military-grade ROV rated for 300-metre depth

Why it matters

The deal, via iDEX, supports India's push for self-reliance in defence technology

The details

  • The Indian Navy has signed a ₹47 crore contract with EyeROV for UWROVs (underwater remotely operated vehicles).
  • The contract covers the supply of EyeROV TROUT, a military-grade ROV rated for 300-metre depth.
  • The ROV is used for underwater surveillance and reconnaissance.
  • EyeROV's UWROVs have been tested beyond 400 metres depth and in the Antarctic Sea.
  • The technology stack is fully developed in India.
  • The contract was facilitated through iDEX (Innovation for Defence Excellence).
  • EyeROV has over 100 deployments across India, Middle East, APAC, and Europe.

The bigger picture

  • The deal aligns with India's push for self-reliance in defence technology.
  • India's defence tech market is projected to grow from $7.6 billion (2025) to $19 billion by 2030.
  • In FY25, the Ministry of Defence awarded 193 contracts worth ₹2.1 lakh crore, with ₹1.7 lakh crore to domestic entities.

About the business

  • EyeROV supplies underwater remotely operated vehicles (UWROVs) for defence, marine infrastructure, disaster management, energy, and environmental monitoring.
  • Its product portfolio includes EyeROV TUNA, EyeROV TROUT, iBoat Alpha (USV), EyeROV SAGARA, and the EVAP platform.
  • It serves sectors such as defence, oil & gas, pipelines, bridges, maritime, search & rescue, and marine research.
  • The company has over 80 customers including DRDO, Indian Coast Guard, CSIR, and NCPOR.
  • It has completed over 150 ROV projects across 5 countries.

The deal

Type
contract

Founders

  • Johns T. Mathai, Co-Founder & CEO
  • Kannappa P. (Kannappa Palaniappan), Co-Founder & CTO

About EyeROV

Product
AI-powered remotely operated vehicles (ROVs) and unmanned surface vessels (USVs) for underwater inspection and surveillance.
Customers
Infrastructure, energy, and defence organisations, including power utilities, oil and gas companies, ports, and government bodies like the Indian Navy.
How it makes money
Sells ROVs and USVs and provides underwater inspection services on a project basis.
What sets it apart
Indigenously developed, tested in extreme conditions including Antarctic Sea and deep-water volcanic studies.
Operations
Has executed over 150 projects for more than 80 clients across power, oil and gas, ports, shipping, and government sectors.

Other articles talking about it

Read it as a card in the app

More on EyeROV

Everything on EyeROV →

Same day

All startup news on 30 September 2025 →