News · Mobility & Logistics

Garuda Aerospace converts to public company

By Startup Enthusiast · 1 December 2025

What they do

Garuda Aerospace designs, manufactures and customises drones for deliveries, disaster management and agriculture

Its board passed a resolution to rename the company to Garuda Aerospace Limited, appointing new directors

The company is profitable with Rs 17.5 crore profit in FY25 and plans to scale manufacturing to 15,000 drones a year

Garuda Aerospace's board passed a resolution to convert the company into a public company by renaming it to Garuda Aerospace Limited.
The company appointed Asha Vijayaraghavan, Mandakulathur Ramachandran Venkatesh and Rithika Mohan as independent directors.
Vishnu Jayaprakash was appointed as an additional director.
Rithika Mohan was designated as a whole-time director.
The company has raised approximately $44 million to date from investors including Nagarajan Seyyadurai, Ocgrow Ventures and cricketer MS Dhoni.
It recently raised funding from Narotam Sekhsaria Family Office.
The CEO indicated that an IPO is not planned in 2025; the company is in a planning phase to expand manufacturing and R&D.

The conversion to a public company is a step toward a potential future IPO.
The company is profitable with Rs 17.5 crore profit in FY25, which strengthens its position for public listing.
It operates India's largest drone fleet with 400 drones and 500 pilots across 84 cities.

Garuda Aerospace is a drone-as-a-service startup that designs, manufactures and customises UAVs for deliveries, disaster management and agriculture.
It operates India's largest drone fleet with 400 drones and 500 pilots across 84 cities.
The company offers 30 drone models and 50 related services.
It reported FY25 operating revenue of Rs 118 crore, up 7.3% from Rs 110 crore in FY24.
It posted a profit of Rs 17.5 crore in FY25.

The company plans to scale manufacturing capacity from 8,000 drones per year to 12,000–15,000 units.
It aims to expand export presence to 50 countries by year-end 2025.

Product: Manufacturing and development of autonomous drones for agriculture, defense, and material handling; proprietary drone OS and R&D capabilities
Customers: Government agencies, defense sector, agricultural stakeholders, logistics operators in India and international markets
How it makes money: Direct sales of drones, software licensing, and training services for government and enterprise customers
What sets it apart: Proprietary defense-grade drone technology with presence in 50 countries; demonstrated capabilities for flood relief and disaster management

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