About Fly X Aerospace
Fly X Aerospace was an Aerospace, Defense & Maritime company based in India founded in 2017. It develops innovative technologies for multi-utility drones. It operates on a B2B model. Its Indian entity Fly-X Aerospace Private Limited reported revenue of ₹14.3 Lakh. The company is recorded as dissolved. Its focus areas include Technology, Hardware, Drones and Multi-Utility Applications. Its competitors include ideaForge, Marut Drones and Dhaksha; 3 of its 3 listed competitors have raised funding.
Company details
Fly X Aerospace operates with a B2B model, focusing on leveraging cutting-edge technology, hardware, drones, and multi-utility applications. Develops innovative technologies for multi-utility drones. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters India
- SectorsAerospace, Defense & Maritime
- Website ww12.flyxaerospace.com
- Legal Name Fly-X Aerospace Private Limited
- Date of Incorporation 22 Aug, 2017
- Jurisdiction Lucknow, Uttar Pradesh, India
- Annual Revenue₹14.3 Lakh
FY 2022 · +80% YoY
- Net Profit₹7,910
FY 2022 · 1% margin
- EBITDA₹14,108
FY 2022 · 1% margin
Associated legal entities of Fly X Aerospace
Fly X Aerospace operates through Fly-X Aerospace Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Fly-X Aerospace Private Limited CIN U74999UP2017PTC096157 | Active | 22 Aug 2017 | Lucknow, Uttar Pradesh | ₹0.1 Cr | 2 | View details |
Board of directors of Fly-X Aerospace Private Limited (Fly X Aerospace)
Fly-X Aerospace Private Limited is the primary company behind Fly X Aerospace. The board of Fly-X Aerospace Private Limited currently have 2 directors; the longest-serving is Ashish Tiwari, appointed in 2020. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ashish Tiwari DIN 08730213 | Director | 23 Mar 2020 | 6 yrs 7 mo | Fly-X Aerospace Private Limited |
| Shubham Yadav DIN 08730211 | Director | 23 Mar 2020 | 6 yrs 7 mo | Fly-X Aerospace Private Limited |
Financials of Fly X Aerospace
Figures of Fly-X Aerospace Private Limited, the primary company behind Fly X Aerospace, for FY 2022. Revenue was ₹14.3 Lakh (+80% year on year). Net profit was ₹7,910 (1% margin). EBITDA was ₹14,108 (1% margin). Revenue has grown at a compounded annual rate of +29% over three years.
- ₹14.3 LakhRevenue · FY 2022 · +80% YoY
- ₹7,910Net profit · 1% margin
- ₹14,108EBITDA · 1% margin
- ₹1 LakhPaid-up capital
- +29%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Fly-X Aerospace Private Limited are on its company page.
Detailed financial statements for Fly X Aerospace
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Competitors of Fly X Aerospace
Fly X Aerospace has 3 listed competitors in our database, 3 of them funded. They include ideaForge, Marut Drones and Dhaksha.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ideaforgetech.com | 2007 | Navi Mumbai, India | $53.82M | 1,052 | Developer of unmanned aerial vehicles | |
| marutdrones.com | 2019 | Hyderabad, India | $6.35M | 132 | Precision drones are supplied for agricultural management tasks. | |
| dhakshadrones.com | 2019 | Chennai, India | $5.46M | 142 | Agricultural drones for crop management and spraying are provided. |
Detailed competitors of Fly X Aerospace
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- Full competitor set
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Top companies in Drone & Aerial Mobility
2 companies that operate in the same segment as Fly X Aerospace (Drone & Aerial Mobility) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Developer of unmanned aerial vehicles | 2007 | Navi Mumbai, Maharashtra, India | USD 53.82 M | USD 26.48 M | 531 | |
Manufacturer of drones and provider of drone-based solutions across various sectors | 2015 | Chennai, Tamil Nadu, India | USD 59.3 M | USD 12.94 M | 130 |
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Frequently Asked Questions about Fly X Aerospace
Fly X Aerospace was founded in 2017.
Fly X Aerospace is headquartered in India.
The primary company behind Fly X Aerospace, Fly-X Aerospace Private Limited, reported revenue of ₹14.3 Lakh for FY 2022, up 80% year on year.
Fly X Aerospace operates with a B2B model, focusing on leveraging cutting-edge technology, hardware, drones, and multi-utility applications. Develops innovative technologies for multi-utility drones. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations. It continues to evolve, meeting industry challenges with strategic approaches.
Fly X Aerospace's top competitors include ideaForge, Marut Drones and Dhaksha.
Fly X Aerospace operates through Fly-X Aerospace Private Limited.
The legal entities of Fly X Aerospace currently have 2 directors, including Ashish Tiwari, Shubham Yadav.