The Company was originally incorporated on March 10, 2017 as a Private Limited Company as “Droneacharya Aerial Innovations Private Limited” under the provisions of the Companies Act, 2013 with the Registrar of Companies, Bangalore, Karnataka. Subsequently, pursuant to a special resolution passed by the Shareholders at their Extraordinary General Meeting held on August 6, 2022, the Company was converted from a Private Limited Company to Public Limited Company and consequently, the name of the Company was changed to ‘Droneacharya Aerial Innovations Limited’ and a Fresh Certificate of Incorporation consequent to Conversion was issued on August 23, 2022 by the Registrar of Companies, Bangalore, Karnataka.

Droneacharya Aerial Innovations is a full-fledged innovative solution, based out in Cultural and IT hub Pune, Maharashtra, with offices operating in Pune. The company was started off in 2017 by its founder and Chairman & Managing Director Mr. Prateek Srivastava with a vision to encourage multiple aspects of Drones, Drone-as-a Service (DaaS) and Geographic Information System (GIS) is a system that creates, manages, analyzes and maps all the types of data.

The company’s recent partnership with TSAW Drones, a drone logistics startup based out of New Delhi, strikes as a significant milestone in the Indian UAV industry. Aerial IQ with their tether drone product Aviral, has also mutually agreed to become service providers for Droneacharya’s surveillance requirements in the near future.

Business area of the company

Currently, the company provides high-end ecosystem of Drone solutions for multi-sensor Drone surveys, data processing of Drone data using robust high configuration workstations, Drone pilot training & specialized GIS training. The company’s offerings can be classified into four broad categories namely, Training, Services, Surveillance and others.

Key events and milestones

• 2017-18: Incorporation of the Company.
  
• 2019-20: Change in Registered Address of the Company.
  
• 2020-21: Change in the Object Clause of the Company.
  
• 2021-22: Increase in Authorized Capital of the Company.
  
• 2021-22: Increase in Authorized Capital of the Company.
  
• 2021-22: Reclassification of Authorized Capital of the Company.
  
• 2022-23: Company converted into Public Limited Company and consequently name changed from “Droneacharya Aerial Innovations Private Limited to “Droneacharya Aerial Innovations Limited”.
  
• 2022-23: Adoption of Articles of Associations of the Company in line with public company.
  
• 2022-23: Issue of Bonus Shares in the Ratio of 99:1.