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Idea Forge Technology Ltd.

IdeaForge has a fascinating history as a pioneer in the Indian drone market.

Brief History of Company :

  • Founded in 2009 by IIT Bombay alumni, Ankit Mehta and Vipul Saxena, in Navi Mumbai, India.
  • Started with a focus on R&D, developing autonomous aerial vehicles for diverse applications.
  • Launched their first commercial drone, the Netra VTOL, in 2015.
  • Gained traction in the private sector, providing drones for mapping, surveillance, and security purposes.
  • By 2022, IdeaForge dominated the Indian drone market, claiming a commanding 50% share, solidifying their leadership position.
  • Ranking 7th globally in the dual-use category for drone manufacturers in 2022 cemented their international standing.
  • Their wings stretched beyond India, reaching countries like Malaysia and Oman through drone exports.
  • R&D remained their compass, leading to innovations like AI-powered drone autonomy and advanced payload integrations.
  • Collaborations with government agencies and private companies flourished, tackling critical projects in disaster management and infrastructure inspection.
  • Company’s Financial Overview : 
  • The Net Profit of the company is Rs.32.00 Cr for Sept. 2023 Quarter and the company has manageable debt of Rs.48 cr. It means, the company is almost debt free.

The shareholding pattern of company is as follows :










No. of Shareholders




The share price jumped 4.16% on 20 December 2023 and touched Rs.860.00 on the bourses. Considering the company’s order book and expertise in drone manufacturing, the future looks good with upside potential of 14% for 2024 at Rs.1000.00 in near short term of 3-4 months.

Disclaimer : We love sharing insights, but remember, this isn’t financial advice! Do your own research, talk to a financial pro if needed, and never forget – past performance doesn’t guarantee future gains. Invest responsibly!