Drone start-ups: Adani to Ambani, billionaire Indians race for supremacy

Adani, Ambani, Shriram have acquired small drone start-ups to find a foothold in the sector

An opportunity to enter a burgeoning sector at a low valuation and favourable policies are propelling some of India’s largest corporate groups to scoop up drone start-ups.

“Indian corporations lost the race in aerospace and space tech. No one wants to miss the bus this time. These are seasoned businessmen and they realise that the market cap of tech companies with problem-solving capabilities will exponentially rise in future,” says Vipul Singh, CEO of Aarav Unmanned Systems (AUS).

Singh, who co-founded AUS with two batchmates from IIT Kanpur, now counts Tata Steel as one of his company’s major clients. Tata Steel deploys AUS