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MARKET DEPTH

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481.003 days ago
489.753 days ago
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Ideaforge Technology Ltd Stock performance
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KEY OBSERVATIONS

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Our researchers has found no immediate positive insights for this stock. We'll update this space as soon as we find something.

About ideaForge Technology Limited 

ideaForge Technology Limited is an industry leader in the Uncrewed Aerial Solutions (UAS) sector. Founded over 18 years ago, the company has built a strong reputation for designing, engineering, and manufacturing cutting-edge UAVs for a range of applications in Defence, Homeland Security, Enterprise, and other sectors. ideaForge is committed to advancing the future of unmanned aerial systems by providing innovative, reliable, and highly capable products. The company’s extensive product offerings include a diverse range of drones designed for surveillance, mapping, inspection, and logistics, making it a key player in both the military and civilian markets.

Headquartered in Navi Mumbai, Maharashtra, ideaForge has a robust presence in India and a growing international footprint. The company operates with a vertically integrated model, enabling it to maintain control over the entire product lifecycle, from design to deployment. It has over 87 patents filed and 48 patents granted globally, showcasing its deep technological expertise.

ideaForge Technology Limited Business Overview

ideaForge operates in two primary segments: Defence and Civil. The company’s UAVs are deployed for critical applications across both sectors, supporting national security operations, surveillance missions, and various civil infrastructure projects.

The company continues to expand its product offerings and services, providing innovative solutions in areas such as Drone-as-a-Service (DaaS) and FlyghtCloud, an advanced data analytics platform for UAVs. This transition is aimed at making drone technology more accessible to a wider range of industries while enhancing the operational capabilities of existing markets.

In FY 2024-25, the company saw 59% of its revenue come from the Defence sector, with the remaining 41% contributed by the Civil sector, which includes applications in enterprise, smart cities, and logistics. Through its dedicated business development efforts, particularly in North America, ideaForge is expanding its international footprint and striving to capture new market segments globally.

ideaForge Technology Limited Key Management

The leadership team at ideaForge is spearheaded by Ankit Mehta, the CEO.

The company’s Chairman, Srikanth Velamakanni, plays a pivotal role in guiding the strategic direction of the company.

Latest Updates on ideaForge

  • Expansion into North America with a subsidiary and a dedicated business development team targeting the largest UAV market in the world.

  • Launch of FlyghtCloud, a cutting-edge UAV data analytics platform, allowing for better decision-making from aerial data.

  • The unveiling of new UAV platforms like NETRA 5, SWITCH V2, and ZOLT, each designed for unique operational requirements in defence and civil sectors.

  • Growth in its UAV sales, supported by a diverse portfolio of products catering to defence, law enforcement, and enterprise applications.

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Frequently Asked Questions

ideaForge designs and manufactures a variety of UAVs, including the NETRA V4, SWITCH, Q6, and ZOLT platforms. These are equipped with payloads for surveillance, mapping, inspection, and logistics.

ideaForge focuses on indigenizing its UAV technology, ensuring that up to 60% of its components are locally sourced. The company uses secure software and hardware systems that are resistant to cyber threats and data breaches.

ideaForge’s Vision 2030 focuses on expanding its UAV solutions globally, particularly in North America and Europe. The company is also exploring new business models like Drone-as-a-Service (DaaS) and developing new UAV platforms such as YETI for logistics and ZOLT for tactical operations.