Archive · 11 Aug 2025
ideaForge: From IIT Bombay Labs to Indian Drone Leader
Imagine a group of friends at a school called IIT Bombay who loved building things.
They started making cool projects, like hovercrafts, and even won awards for their ideas.
They turned these ideas into a company called ideaForge, which makes drones.
They realized drones could be helpful after seeing how they could be used after the 2008 Mumbai attacks, so they started building drones for the army and other important jobs.
Now, ideaForge is a big deal in India, making all sorts of drones and helping people use them for things like defense, disaster response, and even farming!
ideaForge, founded by IIT Bombay alumni, is a leading Indian drone manufacturer.
The company originated from student projects and received early funding from IIT Bombay.
Initially focused on energy-generating devices, ideaForge shifted to drone technology after the 2008 Mumbai attacks.
ideaForge designs, develops, and manufactures drones in India, serving defense and civilian sectors.
The company has a 50% market share and offers drone solutions, including training and after-sales support.
- Who
- Founded by IIT Bombay alumni, including Ankit Mehta.
- What
- ideaForge is a drone manufacturer.
- When
- Founded in 2007.
- Where
- Based in Mumbai, India.
- Why
- To develop drone technology for defense, security, and civilian applications.
- Founders
- Ankit Mehta, Rahul Singh, Ashish Bhat, Vipul Joshi
- Headquarters
- Mumbai, India
- Market Share
- 50%
- Primary Focus
- Design and manufacture of high-performance unmanned aerial vehicles (UAVs)
- IPO Debut
- July 2023
- Revenue FY25
- 161 crore