DroneAcharya Aerial Innovations, a firm on the BSE, has made a big move by signing a term sheet with AVPL International. This deal sets out to form a new group to grow drone-making skills in India.
Getting workers involved with ESOP
In line with its growth plan, DroneAcharya has also said yes to an Employee Stock Option Plan (ESOP). This plan is meant to boost how workers feel about their jobs and link their goals to the firm’s wider aims.DroneAcharya has also said yes to an Employee Stock Option Plan (ESOP) in line with its growth plan
Pushing new ideas with teamwork
This joint effort plans to use the best parts of both groups to build new drones for many tasks. These tasks include farming, delivery, and watching over areas, showing a chance for new ideas in the Indian drone field.
Name for the new firm
Sources say the joined firm may be called ‘AVPL DroneAcharya’, showing the link between the two firms.
AVPL’s widespread
AVPL International, run by AITMC Ventures Ltd., works in 12 states of India. The firm is strong in drones and farming, with 50 Global Incubation and Skill Hubs (GISH) and 20 World Incubation and Skill Hubs (WISH). Its work goes from training with drones and making them to offering drones as a service and running agri-input shops.
Strong growth for AITMC ventures
AITMC Ventures has shown strong growth, with a 95.2% rise in revenue in FY24, hitting ₹41.87 crore. The firm’s profit also climbed by 82.6%, reaching ₹8.84 crore at the same time.
DroneAcharya’s stock success
DroneAcharya had a big start on the stock market in December 2022 via the BSE SME platform, with shares that launched at a 90% gain. The firm saw a quick rise, hitting the top circuit on launch day. As of 23 January 2025, its stock price is ₹110.15 each.
Looking forward
The link between DroneAcharya and AVPL shows a bright path for India’s drone field. By focusing on new ideas and working together, this venture should boost growth and change drone tech in the nation.
