DroneAcharya Gets DGCA’s Type Certification For Its Multipurpose Drone

DroneAcharya Shares Rally 7% Intraday After Startup Secures Contract From Indian Army

SUMMARY

DroneAcharya Aerial Innovations has received the Directorate General of Civil Aviation’s (DGCA) type certification for its multipurpose drone, AgriVeer

Following the certification, the company will commercially launch the drone across India

Last month, the company signed a term sheet for a “strategic company merger” with agri-drone company AITMC Ventures

DroneAcharya Aerial Innovations has received the Directorate General of Civil Aviation’s (DGCA) type certification for its multipurpose drone, AgriVeer.

AgriVeer is designed for applications in agriculture, education, and drone pilot training. Following the certification, the company will commercially launch the drone across India.

“With this approval, DroneAcharya is now authorised to commercially launch the drone across India, unlocking vast opportunities in key industries such as agriculture, education, and RPTO training. The growing demand for drone technology in these sectors highlights AgriVeer’s potential to enhance efficiency, precision, and safety in operation,” the company said in an exchange filing.

Under Drone Rules, 2021, companies are mandated to seek DGCA type certificates to comply with norms related to safety, security, and reliability of unmanned aerial vehicles (UAVs).

Founded by Prateek Srivastava in 2017, DroneAcharya offers an array of drone solutions for multi-sensor drone surveys, pilot training, and data processing, among others.

Last month, the company signed a term sheet for a “strategic company merger” with agri-drone company AITMC Ventures.

With the merger, the companies are eyeing a mainboard listing for the combined entity. As part of the merger, the two companies will retain their brand identities and combine their support teams, like finance, legal and compliance.

On the business front, DroneAcharya recently received a contract from the Indian Army worth INR 18.7 Lakh. It also partnered with Canada-based Volatus Aerospace in December 2024 to manufacture drones in India.

Last year, the company expanded into the Middle Eastern market via an Abu Dhabi subsidiary.

DroneAcharya’s net profit slid 62.1% to INR 1.50 Cr during the six months ended September 2024 (H1 FY25) from INR 3.96 Cr in the same period last year. However, revenue from operations rose 28.8% to INR 26.90 Cr during the year under review from INR 20.88 Cr in the first half of FY24.

Shares of DroneAcharya ended Thursday’s (February 27) trading session 0.83% lower at INR 71.75 on the BSE.