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Latest news about Ideaforge Technology

Ideaforge Technology Secures Over Rs 100 Crore in Defence Contracts for Advanced Drones Nov 17, 2025

Ideaforge Technology has won defence contracts worth over Rs 100 crore from the Indian Army for two drone systems. The ZOLT Tactical UAV contract is valued at Rs 75 crore under Capital Emergency Procurement, while the SWITCH V2 Hybrid Drone contract is worth Rs 30 crore under Standard Procurement. The company commits to deliver within 6-12 months, supporting the Army's rapid UAV deployment expansion. This win strengthens Ideaforge's position in the defence technology sector and highlights the Indian Army's focus on integrating advanced UAV technology.

ideaForge Technology Expands Employee Ownership Through Stock Option Allotment Nov 12, 2025

IdeaForge Technology's Credit Rating Outlook Revised to Negative by CRISIL Nov 06, 2025

IdeaForge Tech Advances Zolt Project and Partners with GalaxEye for Enhanced Drone Technology Oct 30, 2025

ideaForge Technology Reports 41% Jump in Q2 Net Profit to ₹19.5 Crore Oct 28, 2025

More news about Ideaforge Technology

24Sept 25

ideaForge Technology Expands to US Market with Strategic Joint Venture

ideaForge Technology Limited's subsidiary, ideaForge Technology Inc., has formed a 50-50 joint venture with First Breach Inc. to create First Forge Technology Inc. This new entity will focus on licensing, sourcing, designing, engineering, manufacturing, and distributing specific ideaForge UAVs in the United States. The joint venture combines ideaForge's technology with First Breach's infrastructure and market access. Both parties will have equal board representation, with the deal subject to due diligence and regulatory approvals.

06Sept 25

ideaForge Technology Shareholders Approve Key Resolutions, Including Appointment of New Whole-Time Director

Ideaforge Technology Limited announced results of its postal ballot, showing strong shareholder support for significant corporate decisions. Shareholders approved the appointment of Mr. Vipul Joshi as Whole-Time Director, his identification as a Promoter with special rights, and alterations to the company's Articles of Association. The voting saw 46.65% participation of outstanding shares, with Promoter and Public Non-Institutions strongly supporting all resolutions, while Public Institutions voted against them. These changes aim to strengthen Ideaforge's leadership team and corporate structure in the UAV technology sector.

01Sept 25

Potential GST Rate Cut on Drones: Implications for Ideaforge Technology and the Drone Industry

Indications suggest a possible reduction in GST rate on drones from 18% to 5%. This potential tax cut could significantly impact the drone industry, including manufacturers like Ideaforge Technology. The reduction may lead to lower costs, increased adoption across sectors, market expansion, and boost innovation in drone technology. However, this information awaits official confirmation from the GST Council or government.

06Aug 25

ideaForge Technology Seeks Shareholder Approval for Key Executive Changes and Corporate Restructuring

ideaForge Technology Limited has announced three significant corporate actions requiring shareholder approval: 1) Appointing CFO Vipul Joshi as Whole-Time Director for five years with an annual remuneration of Rs 1.53 crore, capped at Rs 5.00 crore. 2) Identifying Joshi as a Promoter alongside existing promoters, granting collective nomination rights for up to five board directors. 3) Altering the Articles of Association to formalize these changes. E-voting for shareholders is scheduled from August 8 to September 6, 2025.

06Jul 25

IdeaForge Technology Eyes 20%+ EBITDA Margin by FY26, Backed by Strong Order Pipeline

IdeaForge Technology, India's leading drone manufacturer, aims for a 20%+ EBITDA margin by FY2026, driven by expected revenue growth and a strong order pipeline. The company faces current financial challenges with significant declines in revenue and profitability compared to FY2024. However, it remains optimistic due to potential order conversions from the Indian Army's Rs 9,000-crore technology induction budget. IdeaForge focuses on swift execution of existing orders and leveraging opportunities in the defense sector to achieve its profitability goals.

23Jun 25

Ideaforge Technology Shares Surge on Rs 137 Crore Defence Ministry Order

Ideaforge Technology has received a ₹137 crore order from the defence ministry for mini UAVs with accessories, to be delivered within 12 months. This order is expected to boost the company's annual revenue by approximately 80%. Following the announcement, Ideaforge's shares rose 4.19% to ₹598.70, hitting the upper circuit. The order underscores the company's strong market position in the drone technology sector, particularly for defence applications.

09May 25

Ideaforge Tech Reports Q4 Loss and Revenue Decline Amid Challenging Market Conditions

Ideaforge Technology, a leading drone manufacturer, reported a net loss of ₹20.70 crore in Q4 FY2024, compared to a profit of ₹15.90 crore in Q4 FY2023. Revenue declined by 76.17% to ₹23.40 crore. Operating profit turned negative at ₹14.50 crore. Despite the Q4 setback, full-year FY2024 results showed resilience with revenue up 76.88% to ₹347.40 crore and net profit increasing 49.37% to ₹47.80 crore year-over-year.

08May 25

IdeaForge Technology Reports Q4 Net Loss of ₹20.4 Crore Amid Revenue Slump

IdeaForge Technology, India's leading drone manufacturer, reported a net loss of ₹20.40 crore in Q4 FY2024, compared to a profit of ₹11.79 crore in Q4 FY2023. Revenue plummeted 76.17% to ₹23.40 crore from ₹98.20 crore year-over-year. Sales decreased by 79.80% to ₹18.50 crore, and EBITDA turned negative at -₹9.60 crore. Operating profit margin fell to -78.43% from 22.60% last year, with EPS dropping to -₹4.78 from ₹3.76.

05Apr 25

IdeaForge Technology: Court Recalls Non-Bailable Warrant Against CFO, Company Confirms Non-Large Corporate Status

IdeaForge Technology, a drone technology company, is dealing with legal proceedings against its executives. The Chennai Metropolitan Magistrates Court has recalled a non-bailable warrant against the CFO and accepted sureties from other executives. The case involves charges of criminal breach of trust, cheating, and computer-related offenses, with the next hearing scheduled for April 24. Separately, the company disclosed it doesn't fall under the Large Corporate category as of March 31, 2025, with zero outstanding borrowings and a BBB+ credit rating.

20Feb 25

IdeaForge Technology Invests ₹15.96 Crore in US-based Vantage Robotics

IdeaForge Technology Limited has invested ₹15.96 crore (approx. $1.832 million) in Vantage Robotics, a US-based unmanned aircraft manufacturer. The investment, made on February 19, 2025, is in the form of a Compulsorily Convertible Promissory Note. Vantage Robotics, founded in 2013, specializes in UAV and UAV components manufacturing. This strategic move aims to enhance IdeaForge's technological capabilities and potentially expand its market presence, particularly in the US. The investment complies with RBI guidelines and is subject to necessary regulatory approvals.