Internal Server Error

Military Tech Sector in India

Last updated:

About Military Tech sector in India

The Military Tech sector in India comprises 195 companies, including 83 funded companies having collectively raised $890M in venture capital money and private equity. Out of these, 29 are Series A+ funded.
Military Tech sector in India has seen 4 acquisitions and 6 IPOs. This represents almost 5.1% of all such companies - which is higher than the 5.0% exit rate of tech companies in general.
This sector includes companies that provide tech solutions & services such as hardware, software, and Tech-enabled services to military forces. Internet first brands selling military hardware.
Military Tech sector is also known as Defence Tech.
Companies working in the domain of unmanned combat weapon systems, non-combat systems. It also includes virtual, constructive, and gaming training and simulation companies; and companies providing tech healthcare solutions to the military Diversified defense contractors which provide more than one solutions to the military; combat weapon manufacturers; manned combat & non- combat vehicles; MRO service providers; supply chain manufacturers, and subsystem & component manufacturers. It also excludes consultancy firms; content platforms, and companies providing offline and non-combat training services
Key Metrics
Total Companies
Total Funding
Funded Companies
Series A+ Companies
Series C+ Companies
IPOs
Acquisitions
Also known as
Defence Tech

Top Military Tech Companies in India

There are 195 Military Tech startups in India which include Garuda Aerospace, BonV Aero, DroneAcharya, Tonbo Imaging, ideaForge. Out of these, 83 startups are funded, with 29 having secured Series A+ funding.
Over the past 10 years, an average of 13 new companies have been launched annually. Notably, several of these startups have been founded by alumni of IIT Delhi, IIT Bombay and IIT Kanpur.

Here is the list of top Military Tech startups in India

India's leading drone manufacturer providing advanced solutions for diverse sectors. The company specializes in AI-powered aerial intelligence, offering optimized solutions for enterprise, agriculture, and defense. They enable intuitive farming, empowering smart farmers to nurture crops, protect yields, and optimize resources sustainably and efficiently. Their defense solutions redefine aerial defense with reliable and superior UAV technology. They are committed to making India a global drone hub, providing DGCA-approved remote pilot training with job support and entrepreneurship opportunities. They offer precision inspection solutions, minimizing risk, optimizing maintenance, and cutting costs with actionable insights. Their services include comprehensive coverage, environmental stewardship, faster data collection, and increased accuracy. They provide drones for unmatched performance, driving transformation and progress across industries. They offer training programs and aim to create a new generation of high-flyers.

Key facts about Garuda Aerospace

Manufacturer of heavy-payload drones for logistics, defense, and disaster response. It specializes in unmanned aircraft engineered for high altitudes and challenging terrains. The company offers heavy-lift drones with significant payload capacity, suitable for operation in demanding environments. It focuses on research and development in aerial mobility and autonomous drone technologies. The company provides custom drone designs tailored to specific operational needs across military, commercial logistics, and humanitarian sectors, including custom software for intelligent and autonomous drone operations.

Key facts about BonV Aero

Provider of drone solutions, training, and services across multiple industries. It manufactures drones and offers related services including surveying, mapping, surveillance, spraying, and delivery. It provides hardware, software, and firmware solutions, tethered systems, along with data, GIS, and digital solutions. It offers defense technology solutions, including terrestrial mapping, strategic planning, and bathymetric solutions. It provides drone pilot training and various drone-related courses. It also offers data intelligence through GIS data solutions.

Key facts about DroneAcharya

Developer of sensing solutions for enhanced situational awareness and autonomous systems. The company designs and deploys solutions that process complex data. These solutions cater to critical market needs in security, defense, reconnaissance, industrial inspection, monitoring, smart city solutions, and intelligent transportation. The company aims to assist, augment, and replace humans in dangerous, repetitive, and mundane tasks.

Key facts about Tonbo Imaging

Developer of unmanned aerial vehicles. It designs and manufactures unmanned aerial vehicles and associated systems including drones and mapping platforms for use in surveillance,mapping,industrial inspection and public safety applications.

Key facts about ideaForge

Companies founded year-on-year in the Military Tech sector in India

20 Military Tech startups in India were founded in 2020 - this is the most number of startups founded in any year in the last 10 years.

Companies founded year-on-year in the Military Tech sector in India2026202520242023202220212020201920182017Founded Year048121620Count of Number of Companies
  • Total Number of Companies
Year
No. of companies
2026
-
2025
3
2024
15
2023
19
2022
12
2021
16
2020
20
2019
16
2018
19
2017
10

Stage-wise distribution of Military Tech sector companies in India

Out of the total 195 Military Tech companies in India, 83 have secured funding. Among them, 29 have reached Series A or higher, and 19 to Series B or beyond.

Founded - 195
Funded - 83
Series A+ - 29
Series B+ - 19
Series C+ - 12
Company Stage
No. of companies
Founded
195
Funded
83
Series A+
29
Series B+
19
Series C+
12
Let us walk you through our Sectors and other offerings
Designed with precision for VCs, PE, IBs, Incubators, M&A, Innovation more

Top Investors in Military Tech in India

iDEX is the top investor in Military Tech companies in India based on number of companies invested.
Here are some top investors in Military Tech companies in India:
See a more detailed list of investors

M&A activity in Military Tech sector in India

In the year 2025, till October 2025, 1 acquisition happened in Military Tech sector in India.
Here are some recent, important acquisitions in Military Tech sector in India:
Company
Acquisition Type
Acquisition Date
Acquirers
Business Acquisition
Oct 27, 2025
Acqui-Hired
Oct 01, 2019
Business Acquisition
Dec 13, 2018
Business Acquisition
Aug 14, 2018
Acqui-Hired
Dec 11, 2012
See a more detailed list of acquisitions

Acquisition trends in Military Tech sector in India

Here are the acquisition trends in Military Tech sector in India:

Acquisition trends in Military Tech sector in India2026202520242023202220212020201920182017Acquisition Round Date (Yearly)02Number of Acquisitions
  • Total Number of Acquisitions
Year
No. of companies
2026
-
2025
1
2024
-
2023
-
2022
-
2021
-
2020
-
2019
1
2018
2
2017
-

IPOs in Military Tech in India

In the year 2024, till December 2024, 1 IPO happened in Military Tech sector in India.
Here are some recent, important IPOs in Military Tech sector in India:
Company
IPO Date
Exchange Symbol
Dec 03, 2024
National Stock Exchange (NSE)
Jul 07, 2023
National Stock Exchange (NSE), Bombay Stock Exchange (BSE)
Dec 23, 2022
Bombay Stock Exchange (BSE)
Mar 30, 2015
National Stock Exchange (NSE)
Aug 11, 2012
Bombay Stock Exchange (BSE)
See a more detailed list of IPOs

Top News in Military Tech in India

View all Top News for Military Tech companies in India

FAQs about Military Tech sector in India

Tracxn powers 1,000+ customers across 30+ countries
Accel PartnersPartechIN-Q-TEL - USFujitsuTenityStanford