Backed by Infosys & Qualcomm, the drone maker was founded by IIT Bombay alumni and co-established by former Blackstone executive Mathew Cyriac. IdeaForge is backed by the likes of Qualcomm, Infosys and Florintree Capital Partners
Members can please share views on Dronacharya Ariel.
As per the management discussion during IPO they were also using part of funds on manufacturing drones.
Any update in this please share.
Disclosure:
Holding for long term.
you may please refer a new post on Dronacharya by Mr Chandragupta
Read the presentation.
The company started with IT services, then entered into human capital provider service by acquisition. It then again acquired a company to enter into e-surveillance & security space. Now it has entered into drone manufacturing and is claiming to be the first mover in this space.
To me the capital allocation decisions seem questionable since the sectors in which the company is entering are totally unrelatable to each other. Any views?
Can you please share the link for his post on Dronacharya
Thanks in advance
please find the link on Dronachary
Done more details on the IPO
Page 10 and 11 of the Q4 FY 23 conference call transcript mentions about the drone portfolio of Axiscades technologies.
Axiscades Q4 Fy 23 Transcript.pdf (686.7 KB)
https://idrw.org/india-and-usa-collaborate-on-ai-and-semiconductor-technologies-for-uavs-and-drones/
Ideaforge may be one of the biggest drone maker. However, The drone maker’s share sale is skewed more towards providing existing investors with an exit, at a time when the company needs all the cash it can get for growth.
Read more at ( by subscription): Is the ideaForge IPO oversubscription justified?
Copyright © The Morning Context
https://entrackr.com/2023/07/garuda-claims-3x-jump-in-revenue-in-fy23-with-profit/
Hello members
I have been watching this industry and in last 6 months as the doors are opened for drone industry the scope for expansion is huge.
Obviously when all companies will be expecting 200% to 300% increase in sales.
Here one thought is we also require huge number of trainers/ training institutes for drone pilots as well as service providers.
Is there any study on this aspect showing the market requirement.
Thanks
https://nsearchives.nseindia.com/corporate/DRONE_12112023180258_IFFCOWorkOrder.pdf
Drone Destination reported a Work Order of value Rs. 12,00,00,000 plus applicable GST from IFFCO for deployment of 200 Agri Drones & Agri Drone Pilots for a period of 60 days for Spray Demonstrations in the state of Uttar Pradesh under the Vikasit Bharat Sankalp Yatra (VBSY) Scheme (see link)
That works out to: per day drone cost of Rs.10,000/-
The Indian Government has embarked on a transformative journey to reshape rural agriculture. It’s introducing a pioneering drone distribution program aimed at Women Self-Help Groups (SHGs) in agriculture. This progressive initiative marries cutting-edge technology with traditional farming methods, fostering rural women’s empowerment through modernized agricultural tactics and entrepreneurial opportunities.
As we delve deeper into this innovative scheme, we will explore the transformative potential of drones in boosting agricultural productivity. We will dissect the blueprint of the initiative, identify its target demographic, and understand its significant role in offsetting declining labour availability and seasonal shortages within the Indian agricultural sector.
Here’s an outline of the scheme’s financial framework:
Self-help groups, predominantly composed of women, form the backbone of India’s microfinance sector, with a vast network exceeding 12 million groups. These collectives are pivotal in various livelihood ventures, showing robust repayment performance and substantially contributing to financial inclusion, skill enhancement, and livelihood diversification, especially in agriculture where 75% of the rural female workforce is engaged.
Technological Empowerment
The economic survey of 2022-23 released in January highlights the increasing adoption of technology by rural women, a promising sign for the drone scheme’s success. It notes that 67% of women in rural areas now access high-speed internet, 77.4% own a mobile phone primarily for their use, and about 45% have adopted digital banking. This technological familiarity sets a conducive environment for the efficient use of drones, potentially revolutionizing agricultural practices.
Efficiency and Economic Viability
Drones offer a cost-effective and time-efficient solution to traditional agricultural challenges. They substantially reduce farmhand shortages and minimize exposure to hazardous conditions. Their operational efficiency is unmatched, covering extensive acreage and resulting in savings in pesticide and water usage, contributing to both economic and environmental benefits.
Income Prospects
Even with conservative estimates and considering the varied drone spraying service charges across India, our projections suggest that owner-operators of these drones could significantly exceed the minimum income target set by the scheme. This includes all operational expenses and considers scenarios where drone operations might be outsourced.
Expanding Opportunities: Beyond Spraying
The scope of drone application extends beyond just spraying. Equipped with advanced technologies and in collaboration with over 1000 Agritech startups in the country, drones offer vast opportunities:
Fertilizer Company Role
As central coordinators in this scheme, fertilizer companies are poised to promote the adoption of advanced products like nano urea and nano DAP. These efforts aim to overcome traditional farming scepticism and the complexities of adopting new methods. The integration of drones in agricultural practices represents not just a technological upgrade, but also a strategic move to enhance the adoption rate and market penetration of nano fertilizers and the various pesticides tested for drone deployment. Drones can also be equipped with spreaders that can use traditional fertilizers as well as nano fertilizers offering farmers flexibility and choice which is crucial in gaining their trust and acceptance.
Summary
The Indian Government’s scheme to integrate drones into agriculture marks a strategic step towards technological empowerment in rural areas, aligning with broader goals of economic and gender equality. While initially reaching a fraction of the total SHGs, the scheme’s comprehensive financial support, efficiency gains, and labour-saving advantages position it as a promising model for broader adoption. As we look ahead, the adaptability and efficiency of drone technology are expected to draw more farmers into this modern agricultural fold. This initiative is not just about technological integration; it’s a leap towards sustainable, empowered, and efficient agricultural practices in rural India.
