About DRONECO
DRONECO is a Transportation, Automotive & Logistics company based in Delhi (India) founded in 2022. It offers cloud-based delivery solutions using drones for efficient logistics. It operates on a B2B model. Its Indian entity Technit Space And Aero Works Private Limited reported revenue of ₹9.9 Lakh. Its focus areas include Technology, Logistics, Drone Technology and Delivery Services. Its competitors include TechEagle, Redwing and TSAW; 3 of its 3 listed competitors have raised funding.
Company details
DRONECO operates with a B2B model, focusing on leveraging cutting-edge technology, streamlining logistics processes, drone technology, and offering delivery services. Offers cloud-based delivery solutions using drones for efficient logistics. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
- Headquarters Delhi, India
- SectorsTransportation, Automotive & Logistics
- Website thedroneco.net
- Legal Name Technit Space And Aero Works Private Limited
- Date of Incorporation 26 Jun, 2019
- Jurisdiction Dadri, Uttar Pradesh, India
- Annual Revenue₹9.9 Lakh
FY 2023 · -75% YoY
- Net Loss-₹83.6 Lakh
FY 2023 · -844% margin
- EBITDA-₹70.2 Lakh
FY 2023 · -708% margin
Associated legal entities of DRONECO
DRONECO operates through Technit Space And Aero Works Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Technit Space And Aero Works Private Limited CIN U29304UP2019PTC118508 | Active | 26 Jun 2019 | Dadri, Uttar Pradesh | ₹0.1 Cr | 30 | 2 | View details |
Board of directors of Technit Space And Aero Works Private Limited (DRONECO)
Technit Space And Aero Works Private Limited is the primary company behind DRONECO. The board of Technit Space And Aero Works Private Limited currently have 2 directors; the longest-serving is Kishan Tiwari, appointed in 2019. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kishan Tiwari DIN 08494092 | Director | 26 Jun 2019 | 7 yrs 4 mo | Technit Space And Aero Works Private Limited |
| Rimanshu Pandey DIN 08858183 | Director | 01 Sep 2020 | 6 yrs 2 mo | Technit Space And Aero Works Private Limited |
Financials of DRONECO
Figures of Technit Space And Aero Works Private Limited, the primary company behind DRONECO, for FY 2023. Revenue was ₹9.9 Lakh (-75% year on year). Net loss was -₹83.6 Lakh (-844% margin). EBITDA was -₹70.2 Lakh (-708% margin). Revenue has grown at a compounded annual rate of +360% over three years.
- ₹9.9 LakhRevenue · FY 2023 · -75% YoY
- -₹83.6 LakhNet loss · -844% margin
- -₹70.2 LakhEBITDA · -708% margin
- ₹9.3 LakhPaid-up capital
- 30Employees (provident fund records)
- +360%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Technit Space And Aero Works Private Limited are on its company page.
Detailed financial statements for DRONECO
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Competitors of DRONECO
DRONECO has 3 listed competitors in our database, 3 of them funded. They include TechEagle, Redwing and TSAW.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| techeagle.in | 2015 | Gurugram, India | $1.74M | 26 | On-demand drone delivery networks are provided for various applications. | |
| redwinglabs.in | 2018 | Bengaluru, India | $3.43M | 25 | Autonomous drones are deployed for last-mile delivery logistics. | |
| tsaw.tech | 2019 | Noida, India | $646,258 | 30 | On-demand drone logistics solutions are provided for key industries. |
Detailed competitors of DRONECO
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Top companies in Logistics Technology & Platforms
3 companies that operate in the same segment as DRONECO (Logistics Technology & Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.54 B | USD 2.46 B | 4,488 | |
Integrated logistics services including parcel delivery and warehousing are provided. | 2011 | Gurugram, Haryana, India | USD 1.56 B | USD 1.12 B | 23,536 | |
E-commerce tools for shipping, marketing, and financial services are provided. | 2012 | Gurugram, Haryana, India | USD 321.57 M | USD 135.47 M | 915 |
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Related news about Droneco
Complete news archive for DRONECO
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Frequently Asked Questions about DRONECO
DRONECO was founded in 2022.
DRONECO is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
The primary company behind DRONECO, Technit Space And Aero Works Private Limited, reported revenue of ₹9.9 Lakh for FY 2023, down 75% year on year.
DRONECO operates with a B2B model, focusing on leveraging cutting-edge technology, streamlining logistics processes, drone technology, and offering delivery services. Offers cloud-based delivery solutions using drones for efficient logistics. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
DRONECO operates through Technit Space And Aero Works Private Limited.
The legal entities of DRONECO currently have 2 directors, including Kishan Tiwari, Rimanshu Pandey.