About Flynovate
Flynovate is an Aerospace, Defense & Maritime company based in Delhi (India) founded in 2021 by Akshat Bhatia and Himanshu Panda. Provider of commercial drones for industrial inspection. The company has 150 employees. Its Indian entity Movers International Private Limited. reported revenue of ₹167 Cr. Its focus areas include High Tech, Drones, Commercial Drones and Industrial Inspection.
Company details
Flynovate was established in 2021 and is headquartered in Delhi, India. Commercial drones are offered by the company for industrial applications, with a focus on detecting visual and internal defects in solar panels located in farms. Tools and services are provided to support inspection processes in the renewable energy sector, enabling efficient monitoring of large-scale installations. Operations are centered on drone-based technology for practical industrial use.
- Headquarters Delhi, India
- Employees 150
- Founders Akshat Bhatia, Himanshu Panda
- SectorsAerospace, Defense & Maritime
- Website flynovate.in
- Social LinkedIn
- Legal Name Movers International Private Limited.
- Date of Incorporation 07 Dec, 1999
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹167 Cr
FY 2024 · -20% YoY
- Net Profit₹1.78 Cr
FY 2024 · 1% margin
- EBITDA₹5.73 Cr
FY 2024 · 3% margin
- Employee Count150
Associated legal entities of Flynovate
Flynovate operates through Movers International Private Limited. (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Movers International Private Limited. CIN U60100DL1999PTC102719 | Active | 07 Dec 1999 | New Delhi, Delhi | ₹167 Cr | 150 | 3 | View details |
Board of directors of Movers International Private Limited. (Flynovate)
Movers International Private Limited. is the primary company behind Flynovate. The board of Movers International Private Limited. currently have 3 directors; the longest-serving is Rajneesh Kumar Makhija, appointed in 1999.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rajneesh Kumar Makhija DIN 01579245 | Director | 07 Dec 1999 | 26 yrs 10 mo | Movers International Private Limited. |
| Rajesh Sarat DIN 01577541 | Director | 26 May 2001 | 25 yrs 5 mo | Movers International Private Limited. |
| Neeraj Makhija DIN 01577546 | Director | 28 Jun 2007 | 19 yrs 3 mo | Movers International Private Limited. |
People of Flynovate
2 people are tracked at Flynovate (2 in leadership); the tracked headcount is 150.
| Name | Role | Group |
|---|---|---|
Akshat Bhatia | Co-Founder | Leadership |
Himanshu Panda | Co-Founder | Leadership |
Complete people profiles for Flynovate
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Financials of Flynovate
Figures of Movers International Private Limited., the primary company behind Flynovate, for FY 2024. Revenue was ₹167 Cr (-20% year on year). Net profit was ₹1.78 Cr (1% margin). EBITDA was ₹5.73 Cr (3% margin). Revenue has grown at a compounded annual rate of +3% over three years and +1% over five years.
- ₹167 CrRevenue · FY 2024 · -20% YoY
- ₹1.78 CrNet profit · 1% margin
- ₹5.73 CrEBITDA · 3% margin
- ₹2.1 LakhPaid-up capital
- 150Employees (provident fund records)
- +3%Revenue CAGR, 3 years
- +1%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Movers International Private Limited. are on its company page.
Detailed financial statements for Flynovate
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Top companies in Drone & Aerial Mobility
2 companies that operate in the same segment as Flynovate (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 24.09 M | 595 | |
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 Flynovate
Flynovate was founded in 2021.
Flynovate is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Flynovate has 150 employees.
The primary company behind Flynovate, Movers International Private Limited., reported revenue of ₹167 Cr for FY 2024, down 20% year on year.
Flynovate was established in 2021 and is headquartered in Delhi, India. Commercial drones are offered by the company for industrial applications, with a focus on detecting visual and internal defects in solar panels located in farms. Tools and services are provided to support inspection processes in the renewable energy sector, enabling efficient monitoring of large-scale installations. Operations are centered on drone-based technology for practical industrial use.
Flynovate operates through Movers International Private Limited..
The legal entities of Flynovate currently have 3 directors, including Rajneesh Kumar Makhija, Rajesh Sarat, Neeraj Makhija.