Launch · Government, Defense & Space
Indian Navy signs ₹47 crore contract with EyeROV for UWROVs
By Startup Enthusiast ·
- Date
- Company
- EyeROV
- What it does
- Underwater remotely operated vehicles
- Kind
- Launch
- Amount
- ₹47 crore
- Founded
- 2017
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.
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- EyeROV builds ROVs for undersea inspections9 March 2026 · Analysis
- EyeROV raises ₹13 crore to expand marine robotics operations6 February 2026 · Funding · ₹13 crore ($1.44 million)