Versuchen GOLD - Frei

Took 18 yrs to grow deep & fast

Financial Express Bengaluru

|

June 09, 2025

Founded in 2007, Mumbai-based ideaForge has become a key player in the rapidly evolving drone industry, designing and manufacturing high-performance unmanned aerial vehicles (UAV) for defense, security, and industrial use.

- ANKIT MEHTA, CEO & CO-FOUNDER, IDEAFORGE

The company has seen increased visibility in both markets and missions, including its recent expansion into the US through a strategic partnership.

Ankit Mehta, CEO and co-founder of ideaForge, speaks to S Shanthi about scaling up innovation, geographical expansion, and why building resilience in drone tech takes more than just speed.

Operation Sindoor brought indigenous drone capabilities into the spotlight. Will this momentum last?

The sector has definitely demonstrated its ability to innovate and scale. But to sustain that momentum, we need a predictable procurement pipeline from the government. India is already strong in missile systems, but drones are becoming just as critical. For that, public-private collaboration must become more transparent and consistent. Innovation in defense can't exist in isolation; it needs structured support.

You recently invested in California-based Vantage Robotics. What does that partnership bring to ideaForge?

This is a strategic alignment that allows both companies to pool technological strengths. Together, we aim to co-develop next-gen nano and micro drones for defense and enterprise use. The total addressable market here is around $1 billion.

WEITERE GESCHICHTEN VON Financial Express Bengaluru

Financial Express Bengaluru

TCS, HCLTech cut headcount in Q3

Both companies step up AI-focused hiring and skilling

time to read

2 mins

January 13, 2026

Financial Express Bengaluru

Food inflation negative for 7th straight month

· Deflation may reverse for'food and beverages' from January

time to read

2 mins

January 13, 2026

Financial Express Bengaluru

Yields post biggest fall in nearly three weeks

· State supply cut, index entry buzz drive bond rally

time to read

1 mins

January 13, 2026

Financial Express Bengaluru

Inequality top concern for youth: Survey

*“Cyberfraud big worry for CEOs’

time to read

1 min

January 13, 2026

Financial Express Bengaluru

BSE, IFCI stocks surge on NSE IPO expectations

STOCK PRICES OF the BSE and IFCI surged on Monday on hopes of the listing of the National Stock Exchange (NSE), which is the highest-valued company in the India unlisted space.

time to read

1 mins

January 13, 2026

Financial Express Bengaluru

Bulls bet on revival of US-India trade talks

Equity indices sharply rebound to close in the green

time to read

1 mins

January 13, 2026

Financial Express Bengaluru

Trump weighing very strong options in Iran

IRAN SAID ON Monday it is keeping communications open with the US as President Donald Trump weighed responses to a deadly crackdown on nationwide protests, which pose one of the stiffest challenges to clerical rule since the 1979 Islamic Revolution.

time to read

1 min

January 13, 2026

Financial Express Bengaluru

Germany pledges €1.24-bn boost for green partnership

INDIA AND GERMANY on Monday signed and exchanged 27 memoranda of understanding (MoUs) and joint declarations of intent, and made eight key announcements here.

time to read

1 min

January 13, 2026

Financial Express Bengaluru

Anup Saha joins Kotak Bank as whole time director

KOTAK MAHINDRA BANK on Monday announced that Bajaj Finance's former MD Anup Kumar Saha will oversee its consumer banking vertical.

time to read

1 min

January 13, 2026

Financial Express Bengaluru

Balance sheets don't fully reflect bank risks: Deputy guv

BANKING SUPERVISION CAN no longer rely only on balance sheets and compliance checklists as digitisation reshapes risks, Reserve Bank of India (RBI) Deputy Governor Swaminathan J has said, calling for a sharper focus on operational resilience, third-party dependencies and customer protection.

time to read

1 min

January 13, 2026

Listen

Translate

Share

-
+

Change font size