Garuda Aerospace Limited is a Chennai-based drone technology company founded in 2015 by Agnishwar Jayaprakash.
The company focuses on design, manufacturing, and Drone-as-a-Service (DaaS) solutions across agriculture, defense, surveillance, and enterprise sectors.
Initially incubated at Agni College with 250 lakh seed funding, Garuda has grown into one of India’s largest drone ecosystem players, operating over 4,000 drones with a network of more than 4,000 trained pilots across 80+ cities.
The company has also received recognition through partnerships with organizations such as ISRO, HAL, Lockheed Martin, and Elbit Systems.
Garuda Aerospace is currently transitioning toward becoming a publicly listed company, indicating its intention to scale operations and expand globally.
B. Business Model & Revenue Sources
Garuda Aerospace Limited follows a hybrid model combining drone manufacturing and service-based offerings.
1. Drone Manufacturing
Garuda designs and manufactures 30+ types of drones used for:
* Agriculture spraying
* Industrial inspection
* Surveillance and defense
* Mapping and surveying
2. Drone-as-a-Service (DaaS)
The company provides on-demand drone services, including:
* Crop monitoring and spraying
* Aerial mapping and surveying
* Infrastructure and solar inspections
* Disaster management operations
3. Pilot Training
Garuda operates DGCA-approved pilot training programs (RPTO) for commercial drone operators.
4. Maintenance & Support
The company earns recurring revenue through Annual Maintenance Contracts (AMCs) for drone fleets, offering multiple service tiers ranging from basic packages (~710,000) to premium support plans.
5. Consultancy & Custom Solutions
Income from R&D collaborations, drone design consulting, and specialized solutions such as anti-drone systems.
|
Metric |
Value |
|
Share Price |
₹495 per equity share |
|
Lot Size |
100 shares |
|
52 Week High / Low |
₹495 / ₹495 |
|
Depository |
NSDL & CDSL |
|
PAN Number |
AAGCG1621A |
|
ISIN Number |
INE0REL01013 |
|
CIN |
U74900TN2015PLC102474 |
|
Market Cap |
₹2,581 crore |
|
P/E Ratio |
149.1 |
|
P/B Ratio |
14.49 |
|
Debt to Equity Ratio |
0.04 |
|
Return on Equity (ROE) |
10.29 |
|
Book Value |
34.16 |
|
Face Value |
2 |
|
Total Shares |
5,21,35,780
|
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