What does Garuda Aerospace Limited do?

Garuda Aerospace Limited is an Indian drone technology company based in Chennai, Tamil Nadu, incorporated in 2015. It designs, manufactures, and operates drones for applications including precision agriculture (crop spraying), surveillance, mapping, and industrial inspection. The company offers both drone products and drone-as-a-service (DaaS) solutions.

Who founded Garuda Aerospace?

Garuda Aerospace was founded by Agnishwar Jayaprakash, who serves as the CEO and promoter of the company. Jayaprakash is a prominent figure in India's drone ecosystem and has been vocal about building a Made-in-India drone manufacturing capability.

Did Garuda Aerospace appear on Shark Tank India?

Yes, Garuda Aerospace and its founder Agnishwar Jayaprakash gained significant public attention through an appearance on Shark Tank India, which helped raise the company's profile and investor interest in the Indian drone-tech startup ecosystem.

Is Garuda Aerospace planning an IPO?

As of the latest available information, Garuda Aerospace has been focused on business expansion and scaling operations. The company has expressed ambitions to grow, but no confirmed IPO filing or timeline has been publicly announced as of mid-2025.

What are Garuda Aerospace's key products?

Garuda Aerospace manufactures a range of drones including agricultural sprayer drones for precision farming, surveillance and mapping drones for industrial and government use, and offers drone-as-a-service (DaaS) platforms enabling clients to access drone capabilities without ownership.

How do I buy Garuda Aerospace unlisted shares here?

Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

There are no separate platform fee lines and no GST on the transfer — the desk's margin is built into the buy/sell price you're quoted. The only statutory add-on on a purchase is stamp duty on the consideration, shown transparently in your cost breakdown.

Is there a minimum ticket size for Garuda Aerospace?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

How do I sell Garuda Aerospace shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

Garuda Aerospace Unlisted Share Price | Buy Garuda Aerospace Pre-IPO Shares — wisefolio

Investment Thesis

Garuda Aerospace Limited is one of India's most prominent unlisted drone-tech companies, founded in 2015 by Agnishwar Jayaprakash in Chennai. The company designs and manufactures drones for agriculture, surveillance, and industrial applications, and offers drone-as-a-service solutions. It has gained significant public attention through Shark Tank India and is positioned to benefit from India's drone market growth driven by government policy support and agricultural modernization. The current unlisted share price of ₹2,25,000 reflects high market expectations for this sector.

Pros

Founded and led by Agnishwar Jayaprakash, a high-profile entrepreneur who has secured significant investor interest and media attention for drone-tech in India
Incorporated in 2015, making it one of India's early drone technology companies positioned to benefit from India's rapidly evolving drone policy framework post-2021
Garuda Aerospace gained national recognition and investor interest after its founder appeared on Shark Tank India, significantly raising brand visibility for the company
Operates across key drone segments including agriculture drones, surveillance drones, and drone-as-a-service (DaaS), aligning with India's growing demand for drone applications

Cons

Share price of ₹2,25,000 per share implies a very high per-share valuation for an early-stage unlisted drone company without publicly confirmed revenue scale
Indian drone manufacturing sector is nascent and faces regulatory uncertainty, import competition, and dependence on government policy support for sustained demand
Competition is intensifying from well-funded players like ideaForge Technology (listed), Throttle Aerospace, and global majors entering India's drone market

Business Segments

Agricultural Drones

Manufacture and sale of crop sprayer drones for precision agriculture and farm management, targeting India's large smallholder farming sector

Surveillance & Mapping Drones

Drones designed for industrial inspection, surveying, mapping, and surveillance applications for government and enterprise clients

Drone-as-a-Service (DaaS)

Subscription and service-based model providing drone operations, pilots, and data analytics as a managed service to clients

Revenue Model

Multi-modal revenue model comprising: (1) direct sale of manufactured drones to farmers, businesses, and government agencies; (2) drone-as-a-service (DaaS) subscription contracts; (3) maintenance, repair, and training services for drone operators; and (4) government and defence procurement contracts.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds9

Growth Plans

India's drone market is projected to grow rapidly, with government push for use of drones in agriculture, disaster management, and defence

PLI scheme for drones provides financial incentives for scaling domestic manufacturing

Defence indigenization drive under Aatmanirbhar Bharat creates opportunities for Indian drone manufacturers in government procurement

Industry Tailwinds

Recent Developments

India Drone Rules 2021

Government of India's liberalized Drone Rules 2021 opened significant market opportunities for domestic manufacturers like Garuda Aerospace by easing operational restrictions and promoting Made-in-India drones.

2021

PLI Scheme for Drones

India's Production Linked Incentive scheme for drones and drone components created financial incentives for domestic manufacturers, benefiting companies like Garuda Aerospace that manufacture drones in India.

2022

Comparable Companies

CompanyTypeTickerMkt Cap

ideaForge TechnologyListedIDEAFORGE~2500 Cr

Zen TechnologiesPE: ~50xxListedZENTEC~4000 Cr

Paras Defence and SpacePE: ~60xxListedPARASDEFE~2000 Cr

ideaForge TechnologyListed

IDEAFORGE · ~2500 Cr

Frequently Asked Questions

About Garuda Aerospace

Garuda Aerospace Limited is India's most valuable drone startup and a leading manufacturer and operator of unmanned aerial vehicles (UAVs), established in 2015 and headquartered in Chennai, Tamil Nadu. The company has emerged as a dominant player in India's rapidly growing drone ecosystem, holding approximately 55% market share in precision agriculture drone services and manufacturing over 25% of all drones currently operating in India. Garuda Aerospace operates a vertically integrated model spanning drone design, manufacturing, software development, and deployment services. The company has built a network of 400+ drones operated by 500+ trained pilots across 84 cities, serving over 750 clients including blue-chip enterprises such as Tata, Godrej, Adani, Reliance, Swiggy, Flipkart, along with government organizations including DRDO, HAL, and ISRO. Founded by Agnishwar Jayaprakash, Garuda Aerospace received a major boost to its brand recognition when cricket legend MS Dhoni invested Rs 10 Cr in the company around 2021-22, which has reportedly grown to Rs 60 Cr in value within 3 years. Dhoni also serves as the company's brand ambassador, significantly enhancing its consumer and enterprise brand recognition. The company reported Rs 110 Cr revenue in FY2024 growing to Rs 118 Cr in FY2025 with PAT of Rs 17.5 Cr. In April 2025, Garuda completed a Rs 100 Cr Series B funding round led by Venture Catalysts, pushing its valuation to approximately Rs 2,136 Cr (USD 250 million), making it India's most highly valued drone company. Garuda has converted to a public limited company ahead of a planned IPO, though the company has indicated the public offering will not happen in 2025. The company serves both civil and defence sectors including surveillance, mapping, disaster management, and agriculture services.

Key Milestones

Incorporated in 2015 in Chennai, Tamil Nadu as a Private Limited Company under CIN U62200TN2015PLC100920

Common questions about unlisted shares

How do I buy Garuda Aerospace unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?

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