DroneAcharya Aerial Innovations, a BSE-listed company, has announced a strategic merger with AVPL International, marking a significant milestone in India’s burgeoning drone industry. The two companies have signed a term sheet for the formation of a joint venture aimed at enhancing drone manufacturing capabilities across the nation. DroneAcharya strategic merger with AVPL is expected to leverage the technical prowess and market presence of both entities to develop advanced drones suited to a broad array of applications, including agriculture, surveillance, and logistics.
DroneAcharya’s decision to merge with AVPL International aligns with its strategic vision to amplify its operational footprint and technological capabilities. The partnership is not only set to foster innovation but also aims to meet the growing demand for drones in diverse sectors by combining the expertise of both companies.
AVPL International, owned by AITMC Ventures Ltd, operates extensively across India with 50 Global Incubation and Skill Hubs (GISH) and 20 World Incubation and Skill Hubs (WISH). The company is deeply involved in the drone sector, offering services ranging from drone training and Drone as a Service (DaaS) to drone manufacturing and agri-input retail outlets. This vast experience and infrastructure will prove instrumental in multiplying the impact of the joint venture, which has been proposed to be named ‘AVPL DroneAcharya’.
In alignment with the merger, DroneAcharya has also unveiled an Employee Stock Option Plan (ESOP). The introduction of the ESOP is a strategic move to boost employee engagement and align the workforce’s interests with the overarching organizational objectives. By providing an opportunity for employees to have a stake in the company, DroneAcharya is fostering a culture of ownership and shared success.
Through its numerous initiatives, AITMC Ventures has demonstrated a significant growth trajectory, having recorded a 95.2% increase in operating revenue during FY24, amounting to Rs 41.87 crore. Its profits also witnessed an 82.6% surge, reaching Rs 8.84 crore during the same period. Such achievements underline the robust performance and market resilience of AITMC Ventures, making it an ideal partner for DroneAcharya’s ambitious growth plans.
DroneAcharya’s market journey has been noteworthy since its entry into the public sphere in December 2022 through the BSE SME platform. The company experienced an impressive debut, listing at a 90% premium, followed by the upper circuit on the same day. As of January 23, 2025, DroneAcharya’s shares are trading at Rs 110.15 per piece, reflecting investor confidence and the company’s potential in the drone industry.
The merger is expected to propel the combined entity into new realms of innovation, offering cutting-edge solutions to various industries reliant on drone technology. The collaboration promises to cater to the dynamic needs of agriculture through precision farming, enhance surveillance capabilities for security purposes, and streamline logistics operations by integrating state-of-the-art drone solutions.
As the drone industry continues to evolve, this strategic merger between DroneAcharya and AVPL International underlines a shared commitment to not only spearhead remarkable advancements in drone manufacturing but also ensure these technologies contribute to India’s socio-economic development.
This partnership is poised to set a benchmark in the drone sector, bringing together AVPL’s vast understanding of drone applications and DroneAcharya’s established market presence. Through this synergy, ‘AVPL DroneAcharya’ aims to redefine the landscape of drone manufacturing and service delivery in India, bolstering the nation’s position as a key player in this high-growth industry.
In summary, the strategic alignment of DroneAcharya and AVPL International marks a significant step forward in the evolution of drone technology in India. By pooling their resources and expertise, these two companies are not only ready to achieve substantial growth and innovation, but they are also set to make a meaningful impact on the broader spectrum of industries that rely on drones. This venture is awaited with much anticipation, as it promises to drive technological advancements and deliver unparalleled solutions in the ever-expanding drone market.