Sagar Defence Engineering - About the company
Sagar Defence Engineering is a series B company based in Pune (India), founded in 2015 by Mridul Babbar and Nikunj Parashar. It operates as a Manufacturer of unmanned marine surface vehicles and autonomous ocean robots. Sagar Defence Engineering has raised $48.2M in funding from investors like Skegen, IDBI Capital Markets & Securities Ltd and ONGC, with a current valuation of ₹*****. The company has 209 active competitors, including 37 funded and 11 that have exited. Its top competitors include companies like Quantum Systems, Anduril and EyeROV.
Company Details
Manufacturer of unmanned marine surface vehicles and autonomous ocean robots. These systems collect and communicate real-time maritime data through unpredictable conditions by connecting subsea sensors to satellites and land-based networks. The technology facilitates the creation of digital ocean networks, enabling on-demand data availability for maritime operations. The vehicles serve as platforms for remote sensing, construction support, and the deployment of acoustic systems, providing autonomous navigation and collision avoidance capabilities for various maritime applications.
- Website
- www.sagardefence.com/
- Social
- Email ID
- *****@sagardefence.com
- Phone Number
- +91 **********
- Registered Address
- 101/104, TRIVENI KRIPA, OPP. AMBAJI MANDIR, CARTER ROAD NO.3, BORIVALI EAST, Mumbai City, MUMBAI, Maharashtra, India, 400066
Key Metrics
Founded Year
2015
Location
Pune, India
Stage
Series B
Total Funding
$48.2M in 11 rounds
Latest Funding Round
Post Money Valuation
₹***** as on Jun 29, 2026
Ranked
5th among 209 active competitors
Annual Revenue
₹100 - ₹500 Cr as on Mar 31, 2026
Employee Count
129 as on May 01, 2026
Investment & Acquisitions
Legal entities associated with Sagar Defence Engineering
Sagar Defence Engineering is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
SAGAR DEFENCE ENGINEERING LIMITED CIN: U29253MH2015PLC264539 , India, Active | May 16, 2015 | ₹100 - ₹500 Cr (As on Mar 31, 2026) | 129 (As on May 01, 2026) |
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Sagar Defence Engineering's funding and investors
Sagar Defence Engineering has raised a total funding of $48.2M over 11 rounds. Its first funding round was on Dec 16, 2016. Its latest funding round was a Series B round on Mar 31, 2026 for $*****. 4 investors participated in its latest round. Sagar Defence Engineering has 16 institutional investors and 12 angel investors.
Here is the list of recent funding rounds of Sagar Defence Engineering:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 31, 2026 | 4091354 | Series B | 1148676 | 2159927 | 1450293 | 1335976 |
Nov 18, 2025 | 5266287 | Grant (prize money) | 2325473 | 4161692 | 9686865 | 7628426 |
Dec 30, 2024 | 4555340 | Series B | 1897423 | 1305513 | 1068196 |
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Sagar Defence Engineering's founders and board of directors
Founder? Claim ProfileThe founders of Sagar Defence Engineering are Mridul Babbar and Nikunj Parashar. Nikunj Parashar is the CEO of Sagar Defence Engineering.
Here are the details of Sagar Defence Engineering's key team members:
- Mridul Babbar: Co-Founder of Sagar Defence Engineering. They are also an angel investor in 1 startup.Contact Info: 1 email address and 1 phone number
- Nikunj Parashar: Co-Founder & CEO of Sagar Defence Engineering. They are also an angel investor in 1 startup.Contact Info: 1 email address
Sagar Defence Engineering's Board of Directors
Sagar Defence Engineering's board has 7 active members. Nikunj Parashar, Mridul Babbar, Nikunj Ramkamal Parashar, Rai Kavoorguthu Konark and Ajendra Bahadur Singh are part of team and Manoj Kanhaiyalal Agrawal and Tessy Thomas are independent board members.Here is the list of Sagar Defence Engineering's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 11y 5m | |
Team | - | Current | 4y 10m | |
xntomsh | Team | - | Current | 8y 3m |
yvgucxd | Team | - | Current | 8y 7m |
Independent board member | - | Current | 5y 3m | |
accfiqq | Independent board member | - | Current | 4y 9m |
View details of Sagar Defence Engineering's Founder profiles and Board Members
Sagar Defence Engineering's employee count trend
Sagar Defence Engineering has 129 employees as of May 26. The total employee count is 130.0% more than what it was in May 25. Here is Sagar Defence Engineering's employee count trend over the years:
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Sagar Defence Engineering's Competitors and alternates
Top competitors of Sagar Defence Engineering include Quantum Systems, Anduril and EyeROV. Here is the list of Top 10 competitors of Sagar Defence Engineering, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Quantum Systems 2015, Gilching (Germany), Series D | AI-powered aerial intelligence and reconnaissance systems | $1.82B | 78/100 | |
2nd |  Anduril 2017, Costa Mesa (United States), Series H | Provider of AI-driven defense and autonomous systems across air, land, sea, and space domains | $11.3B | 75/100 | |
3rd | Provider of autonomous underwater vehicles and data analytics platform services | $3.44M | 67/100 | ||
4th |  Saronic 2022, Austin (United States), Series D | Developer of autonomous surface vessels for naval and maritime forces | $2.58B | 67/100 | |
5th |  Sagar Defence Engineering 2015, Pune (India), Series B | Manufacturer of unmanned marine surface vehicles and autonomous ocean robots | $48.2M | 67/100 | |
6th |  Saildrone 2012, Alameda (United States), Series C | Developer of autonomous unmanned surface vehicle | $325M | 64/100 | |
7th | Kraken Robotics 2008, Paradise Cove (Canada), Public | Provider of unmanned maritime vehicles | - | 61/100 | |
8th | General Dynamics Mission Systems 1952, United States, Funding Raised | Provider of surveillance, cyber-defence, communication, and border and coastal security solutions | - | 61/100 | |
9th | Provider of AI-based unmanned robots for cleaning marine litter waste | $1.75M | 60/100 | ||
10th |  Unique Group 1993, Sharjah (United Arab Emirates), Funding Raised | Provider of industrial equipment rental services | - | 60/100 |
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Sagar Defence Engineering's Investments and acquisitions
Sagar Defence Engineering has a total of 1 investment in EndureAir Systems. Sagar Defence Engineering has not made any acquisitions as of now.Reports related to Sagar Defence Engineering
Here is the latest report on Sagar Defence Engineering's sector:
News related to Sagar Defence Engineering
Filter this listMedia has covered Sagar Defence Engineering for a total of 4 events in the last 1 year, 2 of them have been about company updates.
•
Sagar Defence Engineering Secures $30 Million in Funding for Unmanned SystemsYourStory•Aug 21, 2026•Sagar Defence Engineering
•
Sagar Defence opens world’s first autonomous maritime shipbuilding centreManufacturingtodayindia•Mar 18, 2026•Sagar Defence Engineering
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Sagar Defence Engineering announces strategic investment in EndureAir SystemsMarcamoney•Feb 04, 2026•EndureAir Systems, Sagar Defence Engineering
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Sagar Defence to establish autonomous maritime shipyard in Andhra PradeshIndiatimes•Dec 14, 2025•Sagar Defence Engineering
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Military Tech Takes Off: USD192M Raised in 2025 YTDEntrepreneur•Sep 03, 2025•Raphe, Newspace Research and Technologies, Sagar Defence Engineering, BBBS and 1 other
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India’s military tech funding surges 61x in a decadePunjab News Express•Aug 29, 2025•Raphe, Newspace Research and Technologies, Sagar Defence Engineering, BBBS and 1 other
•
IDBI Capital Exits Two Deep-Tech Defence Startups with Strong IRRsCyberMedia India Online•Apr 30, 2025•Sagar Defence Engineering, Zeus Numerix, IDBI Capital Markets & Securities Ltd
•
Sagar Defence Partners Boeing’s Liquid Robotics To Boost Maritime SecurityInc42•Mar 20, 2025•Sagar Defence Engineering, Boeing
•
Sagar Defence Engineering Completes Sagarmala Parikrama Autonomous VoyageForce India•Nov 12, 2024•Sagar Defence Engineering
•
India's Sagar Defence Partners with Boeing's Liquid Robotics for Scaled USV SystemsDevdiscourse•Sep 24, 2024•Sagar Defence Engineering, Liquid Robotics, Boeing
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