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.”
Through subsidiary Raxa Security Services, GMR offers counter-drone/anti-drone solutions and drone piloting training as part of its integrated physical security services portfolio.
“These include AI-enabled CCTV surveillance systems, access control solutions, perimeter intrusion detection systems, anti-drone solutions, and integrated command and control centres.”
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”
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.”
Supplying drone-specific subsystems (motors, drives, controllers, power solutions) via the Zepco Technologies partnership.
“Strategic partnership with Zepco Technologies to strengthen offerings in motors, drives, controllers, and power solutions for drones, EVs, and defence.”
Indigenous drone and counter-UAV development is an explicit focus within Defence, supported by dedicated hangars at the Electronic City facility and 'Leadership position in Unmanned Warfare' called out in the Power 930 strategy.
“Drones (UAVs): We build indigenous drones and C-UAVs for surveillance, missions, logistics etc.”
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”
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.”
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”.
MarketPing publishes facts, filings and measured history only — nothing on this page is investment advice, a recommendation or a rating.
