Intentar ORO - Gratis
When dreams take flight
Financial Express Kochi
|August 11, 2025
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.
Esta historia es de la edición August 11, 2025 de Financial Express Kochi.
Suscríbete a Magzter GOLD para acceder a miles de historias premium seleccionadas y a más de 9000 revistas y periódicos.
¿Ya eres suscriptor? Iniciar sesión
MÁS HISTORIAS DE Financial Express Kochi
Financial Express Kochi
RBI explores measures to mobilise dollar inflows
SLIDE IN RUPEE
1 mins
May 05, 2026
Financial Express Kochi
India reviews duty on Malaysian aluminium wire
INDIA HAS INITIATED a probe to review the need for extending the countervailing duties levied on aluminium wires imported from Malaysia, following a complaint by certain domestic players, according to a notification.
1 min
May 05, 2026
Financial Express Kochi
'Our decisions not driven by others in this market'
BookMyShow’s live events revenue surged 66% to 756 crore in FY25, nearly catching up with its €828 crore ticketing business.
1 mins
May 05, 2026
Financial Express Kochi
Ambuja Cements profit soars 79% to ₹1,830 crore
ADANI GROUP'S CEMENT and building materials arm, Ambuja Cements, reported a 78.5% year-on-year rise in net profit attributable to owners for the fourth quarter of FY26, driven by healthy revenue growth.
1 min
May 05, 2026
Financial Express Kochi
No relief on the cards for OMCs: Govt
THE CENTRE HAS no proposal to provide financial support to state-run fuel retailers for the losses they incur on sales of diesel, petrol and jet fuel at below market rates, Sujata Sharma, a joint secretary in the petroleum ministry said on Monday.
1 min
May 05, 2026
Financial Express Kochi
India and Canada begin second round of FTA talks
TARGET IS TO COMPLETE NEGOTIATIONS BY YEAR-END
2 mins
May 05, 2026
Financial Express Kochi
India’s LNG basket resets: Qatar, UAE exit April flows
INDIA'S LNG SOURCING underwent a sharp reset in April 2026, with Qatar and UAE— key long-term suppliers — dropping out of the import basket.
1 min
May 05, 2026
Financial Express Kochi
EXPORTS STAGNANT IN RECENT YEARS, REQUIRE POLICY PUSH
WHILE INDIA'S MERCHANDISE export growth has been flat or negative in most of recent years, shipments of labour-intensive items like readymade garments, gems &jewellery have registered sharper declines.
1 min
May 05, 2026
Financial Express Kochi
How BJP breached Trinamool's bastions
THE BJP'S DECISIVE victory in West Bengal, ending 15 years of Mamata Banerjee's rule, was emphatic in its spread across the state. If the party held on to its bastion in North Bengal, it made inroads into South Bengal, including the Presidency division which was so far the TMC's impregnable fortress.
1 mins
May 05, 2026
Financial Express Kochi
‘Triple whammy risk looms over India’
Energy shocks, tighter financial conditions and a bad monsoon may pose a triple whammy for India, said Krishna Srinivasan, director, International Monetary Fund’s Asia and Pacific Department.
4 mins
May 05, 2026
Listen
Translate
Change font size
