Debt-free drone company announce strategic partnership with Airbots Aerospace Technologies Private Limited; details inside!

The company has a market cap of Rs 339 crore and currently, the company is debt-free.

DroneAcharya Aerial Innovations Limited and Airbots Aerospace Technologies Private Limited are excited to announce the formalization of a strategic partnership through a Memorandum of Understanding (MOU). This collaboration aims to bolster our joint efforts in the drone industry, with a strong focus on the agricultural sector.

Under the MOU, DroneAcharya will serve as a non-exclusive partner, acquiring the selling rights for Airbots' agricultural drones and distributing them within designated territories. This enables DroneAcharya to leverage its market presence and distribution strengths to amplify the reach and impact of Airbots' cutting-edge drone solutions. Additionally, DroneAcharya will have the authority to secure tenders and contracts on behalf of both companies, enhancing market opportunities and competitive advantage.

DroneAcharya will also establish Remote Pilot Training Organizations (RPTOs) to offer specialized training programs for drone pilots. These programs, conducted at DroneAcharya’s state-of-the-art facilities, will focus on the operation and maintenance of Airbots’ agricultural drones. By providing comprehensive training, DroneAcharya aims to ensure that pilots are well-equipped with the necessary skills and knowledge to utilize Airbots’ advanced drone technology effectively.

In turn, Airbots Aerospace Technologies Private Limited will supply high-quality, rigorously tested drones, backed by robust warranty policies. This commitment to quality will instil confidence in customers regarding the performance and reliability of their drone purchases. Additionally, Airbots will direct interest parties to DroneAcharya’s training programs, ensuring seamless integration between product acquisition and skill development. Airbots will also conduct paid drone demonstrations and provide operational training on basic maintenance to support their customers further.

Both companies will engage in collaborative promotional activities, including extensive marketing campaigns in electronic media to showcase the strengths and benefits of this strategic partnership. Additionally, promotional drone tours across various regions in India will demonstrate the capabilities and advantages of our agricultural drones to a wider audience.

By joining forces, DroneAcharya and Airbots are poised to deliver exceptional value to its stakeholders, enhance its service offerings and contribute significantly to the advancement of agricultural technology. This strategic alliance will lead to numerous innovative developments and successful initiatives, positioning us at the forefront of the agricultural drone sector.

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About DroneAcharya Aerial Innovations Ltd

DroneAcharya Aerial Innovations Ltd. is a leading provider of drone-based solutions, dedicated to pushing the boundaries of innovation in aerial technologies and AI-driven applications. With a focus on delivering cutting-edge solutions, DroneAcharya is committed to transforming industries through the integration of drones and automation. As of March 2024, FIIs bought 1,71,000 shares and increased their stake to 2.02 per cent compared to 1.31 per cent in September 2023. 

According to the half-yearly results, the net sales increased by 998.01 per cent to Rs 20.9 crore, profit before tax increased by 2,934.05 per cent to Rs 5.34 and PAT increased by 2,934.47 per cent to Rs 4 crore in H1FY24 compared to H1FY23. According to its annual results, the net sales increased by 417.3 per cent to Rs 18.57 crore and net profit increased by 736.6 per cent to Rs 3.43 crore in FY23 compared to FY22. The company has a market cap of Rs 339 crore and currently, the company is debt-free.

Disclaimer: The article is for informational purposes only and not investment advice.