يحاول ذهب - حر
When dreams take flight
August 11, 2025
|Financial Express Kochi
FLYING A HOVERCRAFT MADE OUT OF THERMOCOL OVER MUMBAI'S POWAI LAKE LED TO A COMPANY WHICH NOW HAS A 50% SHARE OF THE INDIAN DRONES MARKET
ANKIT MEHTA, CO-FOUNDER and CEO of ideaForge, gives all credit for his success to IIT Bombay where he studied for five years (integrated BTech and MTech in mechanical engineering). The institution gave him everything — the required expertise, friends, some of whom are co-founders of the company, and seed capital to many of his early ventures. More importantly, it gave wings to his dreams.
Just after getting into IIT in 2000, Mehta, who belongs to Jodhpur, started converting his ideas into prototypes and projects. By the end of his course, he had done over 20 hardware projects and even filed a patent for one. He took an active part in IIT Bombay's innovation cell, which funded innovative ideas of students.
Rahul Singh, currently co-founder and VP of engineering, ideaForge, had approached him with an idea to make a hovercraft and fly it over Powai Lake, adjoining the IIT Bombay campus. Both built a few hovercraft prototypes out of thermocol and within months, successfully flew one. This was, in a way, the beginning of what is today called ideaForge.
Mehta and Singh then reached out to Ashish Bhat, also a student at IIT Bombay, and now co-founder and VP R&D, ideaForge, who was an electronics wizard to help them build it further. Once all of them realised they were able to easily build something at lab scale, there has been no stopping.
هذه القصة من طبعة August 11, 2025 من Financial Express Kochi.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من Financial Express Kochi
Financial Express Kochi
Wakefit to float IPO on Dec 8; eyes ₹1,400 crore
HOME AND FURNISHINGS company Wakefit Innovations is launching its initial public offering (IPO) on December 8 to raise around ₹1,400 crore.
1 min
December 01, 2025
Financial Express Kochi
Travel dividend
A 4 AM IDEA TURNED INTO A BET ON HOW INDIA WILL TRAVEL AND SPEND —AND HOW REWARDS WILL TRIGGER MASS CREDIT ADOPTION
4 mins
December 01, 2025
Financial Express Kochi
All carriers update software on their A320-family planes
UNDER CONTROL
1 mins
December 01, 2025
Financial Express Kochi
Power transmission needs competition
India's progress on transmission will decide how fast renewables can scale. For it to succeed, every capable market participant should perform at peak efficiency
3 mins
December 01, 2025
Financial Express Kochi
Aluminium units hit by rising imports, weak exports
STRUGGLING WITH DECLINING exports and rising imports, the domestic aluminium manufacturing industry may put its proposed ₹2 lakh crore capacity expansion plan on the back burner, several industry executives said.
2 mins
December 01, 2025
Financial Express Kochi
ChatGPT becomes a smart shopping assistant
OPENAI, THE COMPANY behind ChatGPT, has introduced a new feature called ‘Shopping Research’ that helps users find the products they’re looking for by doing the research for them.
1 mins
December 01, 2025
Financial Express Kochi
Reduce exposure in small caps, shift to large caps
FIVE-YEAR DREAM RUN OF MID AND SMALL CAPS MAY BE ON ITS LAST LEGS
2 mins
December 01, 2025
Financial Express Kochi
The pension revolution is better for savers
ONE OFTHE first things I learned about retirement finance is that there are only three ways to increase income once you stop working: Save more; work longer; take more risk.
3 mins
December 01, 2025
Financial Express Kochi
'Will be debt-free in 2-3 yrs & funding our own capex'
Furniture rental firm Furlenco, backed by mattress giant Sheela Foam with a 44.6% stake, posted its first-ever profit of ₹3.1 crore on revenues of ₹240 crore in FY25.
2 mins
December 01, 2025
Financial Express Kochi
Small brands score big as FMCG giants pad up to take them on
Challenger brands are able to price their products below the generally accepted price points
2 mins
December 01, 2025
Listen
Translate
Change font size

