Drone exposure as evidenced in annual reports — manufacturers and operators first, aspirational mentions labelled as exactly that.
AEL produced and supplied drones and counter-drone systems that supported Indian Armed Forces during Operation Sindoor.
“During Operation Sindoor, our drones, anti-drone systems, missiles and ammunitions supported our Armed Forces when it mattered most.”
Subsidiary Raxa runs DGCA-recognised drone training programmes at its Raxa Academy as part of ManTech capabilities.
“resumption of DGCA-recognized drone training programmes and strategic collaborations with organisations including Threat Studies Group (TSG) and the Department of Higher Education, Government of Andhra Pradesh.”
Bharat Forge has developed indigenous small jet engines specifically for UAVs, representing a drone-specific subsystem offering.
“Developed indigenous small jet engines for UAVs indigenizing marine gas turbines for ships”
APAR Telecom has developed and manufactures a dedicated FPV drone fibre-optic connectivity cable (up to 30 km lengths, ultrathin/lightweight) as a drone-specific subsystem.
“APAR Telecom developed drone fibre optic solution delivering reliability of drones connectivity for mission critical projects.”
NMDC uses drone-based magnetic surveys and UAS-equipped sensors for mineral exploration and mapping, as a supporting operation rather than a core business.
“Deployment of Unmanned Aerial Systems (UAS) equipped with hyperspectral and LiDAR sensors for advanced mineral mapping.”
Coromandel owns Dhaksha Unmanned Systems, a drone manufacturing subsidiary across agri, defence, enterprise and training, and also runs Gromor Drive drone-spraying services — a real but still nascent business relative to its core fertilisers.
“Dhaksha Unmanned Systems, a drone manufacturing company operating across the Agri, Defence, Enterprise and Training segments, continues to expand its capabilities to reinforce its position within the rapidly evolving drone ecosystem.”
Syrma manufactures drone PCBAs as part of its industrial electronics product range, supplying drone-specific subsystems though not as a headline vertical.
“Drones and solar-tracker controller PCBAs”
Data Patterns supplies drone-specific subsystems (Radio Relay for UAVs) and is expanding into counter-drone/drone detection systems, though this is part of a broader portfolio rather than a core business line.
“We are also expanding our portfolio in airborne surveillance radars, maritime applications, drone detection and counter-drone technologies, electronic support systems, and advanced surveillance solutions.”
Tata Elxsi provides drone/UAV engineering services including programme wins for unmanned combat aerial vehicles and drone-based rail inspection systems, supporting eVTOL/UAV propulsion, flight control and avionics work.
“Emerging areas like Off-Highway and Aerospace & Defense delivered notable programme wins such as connected tractors, advanced operator systems, unmanned combat aerial vehicle and airport taxiing solutions.”
AMS holds a DPIIT licence to manufacture UAVs and is actively building counter-UAS / Directed Energy Weapons systems and drone-launched aerial bombs, treating unmanned systems as a new growth pillar within its defence portfolio.
“We are becoming a full-fledged Original Equipment Manufacturer of Unmanned Aerial Systems, and in the years ahead, of Unmanned Ground Vehicles, Counter-Drone Systems and the Autonomous Underwater Platforms that will define naval warfare in the decade to come.”
“VMCDS vehicle-mounted counter-drone systems are advancing, with field trials scheduled for FY 2026-27.”
The company has real drone exposure through its 40% JV PT Terra Link Technologies (with Hyundai AutoEver) which manufactures drones, plus a 20% stake in Prashanth Advanced Survey LLP for UAV/drone-based LiDAR surveying.
“PT Terra Link Technologies is engaged in the manufacture of drones, high-resolution data analytics, and development of end-to-end solutions leveraging drones, IoT, and other sensors to drive digitisation across sectors such as agriculture, mining, energy, telecom, infrastructure, construction, disaster management, defence and homeland security, surveillance, and monitoring.”
“Drone mapping and real-time data capture”
Unmanned Systems is listed as an active product category within Vinyas' defence and aerospace offerings, indicating electronics/sub-system supply into UAVs, though not a separately quantified segment.
“Radar and Surveillance Systems | Weapon and Launcher Systems | Airborne Sighting and Avionics | Armoured Vehicle Subsystems | Strategic Communications | Unmanned Systems”
Company operates a dedicated Drones & Geospatial Division offering surveying, mapping, agriculture and infrastructure solutions using drones, LiDAR, GIS, DGPS and remote sensing as one of several diversified business segments.
“Kothari Industrial Corporation Limited operates across diversified business segments including fertilizers, footwear, drones & geospatial services, food services, FMCG & vending, Facility Management services and other emerging business areas.”
DC&T Defence's product portfolio lists named unmanned aerial systems (Aerostrike, AeroEye, AeroIntel, AeroAttack) as part of its offering, indicating real drone/UAV exposure within the defence vertical.
“Its product portfolio includes unmanned aerial systems such as Aerostrike, AeroEye, AeroIntel and AeroAttack, mobile edge data centers, military-grade racks and BESS solutions, precision rack enclosures, heavy-duty mounts, military-grade containers and command and control consoles.”
HML uses drones operationally for 100% prophylactic spraying in rubber estates and for spraying/surveillance in tea estates, with pilots underway in drone-based leaf transport and haulage.
“HML has been a pioneer in deploying drones for various operations in Tea and Rubber estates. 100% of prophylactic spraying in Rubber is done using drones for the last 3 years.”
Subsidiary Alan Scott Bluverge operates 6 agri-drones deployed across sugarcane farms in Baramati and rubber plantations in Kerala, with reported revenue and plans to scale to a 25-drone fleet.
“Alan Scott Bluverge Private. Limited.: Focused on agri drone services, Bluverge supports precision farming, crop monitoring, and yield optimization through a spray-as-a-service model under which the farmer pays per acre with no capital outlay.”
Definition used: Designs, manufactures or operates unmanned aerial vehicles, or supplies drone-specific subsystems, counter-drone systems or drone services. Membership is extracted from each company’s newest annual report; every quote is validated against the report page before publishing, and core/growing tiers are confirmed by a second independent read (marked ). Companies whose reports our corpus hasn’t read yet simply aren’t listed — absence means unread, not “no exposure”.
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