Garuda Aerospace is a drone-as-a-service (DaaS) startup based in Chennai, India. The company has reported a significant increase in revenue in FY23, with a profit of Rs 3.9 crore. The operating revenue of Garuda Aerospace grew from Rs 15.31 crore in FY22 to Rs 46.8 crore in FY23, representing a growth of 200% in operating income.
Garuda Aerospace is a leading provider of drone-based solutions for various industries. They cater to agriculture, infrastructure, and logistics sectors. The company’s drones are utilized for tasks such as crop monitoring, surveying, and delivery.
The demand for drone-based solutions is on the rise, which is driving Garuda Aerospace’s growth. The drone market is expected to grow at a CAGR of 22% from 2022 to 2027.
Garuda Aerospace is well-positioned to capitalize on this growth. They have a strong track record of innovation and customer satisfaction, supported by a team of experienced professionals.
In the future, Aerospace plans to expand its product portfolio and geographic reach. They are also seeking additional funding to support their growth plans.
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