ideaForge

Navi Mumbai, India Founded: 2007 • Age: 19 yrs Listed
Developer of unmanned aerial vehicles
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About ideaForge

ideaForge is a publicly listed company based in Navi Mumbai (India) founded in 2007 by Ashish Bhat, Rahul Singh, and Ankit Mehta. Developer of unmanned aerial vehicles. ideaForge has raised $53.82 million across 17 funding rounds from investors including Qualcomm, Infosys and BlackSoil. The company has 531 employees. ideaForge was last valued at $335.26 million in June 2023. Its chief executive, as recorded, is Ankit Mehta. Its website ideaforgetech.com draws about 29 thousand monthly visits. Its Indian entity Ideaforge Technology Limited reported revenue of ₹248 Cr. ideaForge offers products and services including Drones. Its focus areas include High Tech, Drones, Commercial Drones and Multi Utility.

Company details

ideaForge was founded in 2007 and is headquartered in Navi Mumbai, India. Unmanned aerial vehicles, along with associated systems such as drones and mapping platforms, are developed and produced by the company. These technologies are applied in sectors including surveillance, mapping, industrial inspection, and public safety. Operations focus on engineering and research to support defense and civilian uses.

  • Headquarters Navi Mumbai, India
  • Employees 531
  • Founders Ashish Bhat, Rahul Singh, Ankit Mehta
  • Stage Public
  • Sectors
    Aerospace, Defense & Maritime
  • Website category Finance · Investing
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website ideaforgetech.com
  • Social LinkedIn X Facebook Instagram YouTube
  • Legal Name Ideaforge Technology Limited
Operational Areas
Aerospace, Defense & Maritime → Drone & Aerial Mobility
Aerospace, Defense & Maritime → Defense & Military Services
Key Metrics
  • Market Cap
    ₹3,447 Cr

    IDEAFORGE · NSE

  • Share Price
    ₹669.85

    -3.38% today

  • Revenue
    ₹226 Cr

    FY 2025-26 · +40.3% YoY

  • EBITDA
    ₹5.55 Cr

    Margin 2.5%

  • Net Profit
    −₹20.16 Cr

    FY 2025-26 · +69.1% YoY

  • P/E (TTM)
    111.0x

    P/B 3.0x

  • ROE
    -3.3%

    ROCE -2.8%

  • Debt / Equity
    0.08

    Interest cover -12.5x

  • Total Equity Funding
    $53.82M (USD)

    in 17 rounds

  • Latest Funding Round
    $52.2M (USD), Post-IPO

    Jul 2026

  • Investors
    Qualcomm

    & 38 more

  • Employee Count
    531

Products & Services of ideaForge

ideaForge offers a comprehensive portfolio of products and services, including Drones.

Drones
Unmanned Aerial Vehicles

Advanced drones for surveillance, delivery, and industrial use

Apps and channels of ideaForge

its YouTube channel ideaForgeTechnology has 6.06K subscribers and 30 videos.

ideaForgeTechnology
YouTube 6.06K subscribers 30 videos Science & Technology
Open channel

Videos from ideaForge

The most watched videos on ideaForge's YouTube channel, ideaForgeTechnology (6.06K subscribers). Click a video to play it here.

NETRA 5: Tactical UAV Built to Withstand Jamming & GNSS Denial | ideaForge
31.6K views
NETRA5 – Next-Gen UAV Built for Unmatched Resilience
19.3K views
SWITCH V2 UAV
19.3K views
Securing Gadchiroli from above | SWITCH UAV | ideaForge
1.8K views

More on ideaForgeTechnology.

Funding Insights of ideaForge

ideaForge has successfully raised a total of $53.82M across 17 strategic funding rounds. The most recent funding activity was a Post-IPO round of $52.2 million completed in July 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

  • Total Funding $53.82M
  • Total Rounds 17
  • Last Round Post-IPO — $52.2M
  • First Round $89,523

    (Mar 2009)

  • Investors Count 39

Latest 10 of 17 funding rounds of ideaForge with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Jul 2026$52.2MPost-IPO––
HDFC Mutual Fund, Haraglobalcap
Jun 2023$7.27MSeries C$335.26M–
360 One, Motilal Oswal Asset Management Company
Jul 2022$6.69MSeries C$122.52MBlackSoil, Blue Ashva Capital
–
Apr 2022$20MSeries B$•••••Florintree
BlackSoil, Blue Ashva Capital
Feb 2021$3.49MDebt – Conventional––
Infosys, Qualcomm Ventures
Nov 2020$5.7MSeries B$•••••Celesta Capital
IndusAge Partners, Qualcomm Ventures
Dec 2019$283,591Angel Round$•••••–
Dhruv Gupta, Dhruv Gupta
Nov 2017$9.6MSeries A$•••••Celesta Capital
IndusAge Partners, Qualcomm Ventures
Dec 2016$1.32MSeries A$•••••IndusAge Partners
Trifecta Capital
Apr 2016$1.47MSeries A$•••••Vikash Malu
A&E Investments, OPG Securities
Valuation history
DateValuationStage
Jun 2023$335.26M••••••••
Jul 2022$122.52M••••••••
Apr 2022$•••••••••••••
Nov 2020$•••••••••••••
Dec 2019$•••••••••••••
Nov 2017$•••••••••••••
Dec 2016$•••••••••••••
Apr 2016$•••••••••••••
Premium access

Full valuation and stage history of ideaForge

Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.

  • All valuation points
  • Stage changes
  • Dates
  • Exports

Verified entity values are shown only after access is granted.

Last known valuation $335.26M (Jun 2023). 39 investors in total: 25 institutional and 14 angel.

Investors in ideaForge

ideaForge has secured backing from 39 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Qualcomm, Infosys and BlackSoil.

All
Venture Fund
Institutional
Angel
InvestorDescriptionFounded YearDomainLocation
Think Investments LLC
Venture capital fund focused on seed-stage startups
thinkinvestmentsllc.comParsippany Troy Hills, United States
Blue Ashva Capital
Investment and incubation services in innovative and sustainable sectors.
2019blueashvacapital.comSingapore, Singapore
Florintree
Privat equity firm
2010florintree.comMumbai, India
Celesta
Venture capital firm focused on multiple sectors
celesta.vcSan Francisco, United States
Exim Bank
Multiple sectors are invested in by the venture capital firm.
eximbankindia.inMumbai, India
Qualcomm Ventures
Venture capital investing in technology sectors such as AI and automotive.
2000qualcommventures.comSan Diego, United States
IndusAge Partners
Early-stage tech investments are made in India, US, and UK.
indusage.comBengaluru, India
Infina Finance
Financial services involving loans against assets and corporate financing in India.
2019infina.co.inMumbai, India
Trifecta Capital
Private debt and equity funds are managed for technology sectors.
trifectacapital.inGurugram, India
A&E Investments
Venture capital firm investing in multiple sectors
aeinvestments.comSan Francisco, United States
Premium access

Investor details for ideaForge

The complete investor list, round-by-round participation and investor portfolios require an active premium plan.

  • Complete investor list
  • Round participation
  • Investor portfolios
  • Co-investor network

Verified entity values are shown only after access is granted.

Board of directors of Ideaforge Technology Limited (ideaForge)

Ideaforge Technology Limited is the primary company behind ideaForge. The board of Ideaforge Technology Limited currently have 8 directors; the longest-serving is Rahul Singh, appointed in 2007. 4 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Rahul Singh
DIN 02106568
Whole-time director08 Feb 200719 yrs 8 moIdeaforge Technology Limited
Ankit Mehta
DIN 02108289
Whole-time director08 Feb 200719 yrs 8 moIdeaforge Technology Limited
Ashish Ramesh Bhat
DIN 02480920
Whole-time director08 Feb 200719 yrs 8 moIdeaforge Technology Limited
Mathew Cyriac
DIN 01903606
Nominee Director24 Jun 20224 yrs 4 moIdeaforge Technology Limited
Vikas Balia
DIN 00424524
Director14 Dec 20223 yrs 10 moIdeaforge Technology Limited
Srikanth Velamakanni
DIN 01722758
Director14 Dec 20223 yrs 10 moIdeaforge Technology Limited
Sutapa Banerjee
DIN 02844650
Director14 Dec 20223 yrs 10 moIdeaforge Technology Limited
Vipul Joshi
DIN 10071782
Whole-time director06 Sep 20251 yr 2 moIdeaforge Technology Limited

People of ideaForge

96 people are tracked at ideaForge (20 in leadership, 76 in team); the tracked headcount is 531.

NameRoleGroup
Ashish Bhat
Co-Founder & VP R&D & DirectorLeadership
Rahul Singh
Co-Founder & VP EnggLeadership
Ankit Mehta
Co-Founder & CEO & DirectorLeadership
Vipul Joshi
Chief Financial OfficerLeadership
Sandip Bapat
Senior Director, Software R&dLeadership
Ravindra Singh Mawri
Manager - Global Strategic Alliances & Partner ProgramLeadership
Ezhilan Nanmaran
Head Of Product And Strategic PartnershipsLeadership
Mayur Vikani
Chief Of StaffLeadership
Supriya Pandey
Human Resources Business PartnerLeadership
Krishan Kumar
Associate Director (r&d Software)Leadership
Ca. Amit Shrishrimal
Director FinanceLeadership
Sachin Mathur
Human Resources DirectorLeadership
Somil Gautam
General ManagerLeadership
Tushar Bidawe
Assistant General Manager- Global Business (worldwide Sales)Leadership
Ramanjeet Singh
Assistant General ManagerLeadership
Nupur Seth
Deputy General ManagerLeadership
Aaditya Khimji
Director - International Business DevelopmentLeadership
Vishal Nagpal
Associate Director (enterprise Software)Leadership
Sunil Jha
Senior Director Of EngineeringLeadership
Kruthi Aramanamada
Associate DirectorLeadership

76 more people are available in the full profile.

Premium access

Complete people profiles for ideaForge

Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.

  • Full employee list
  • Team structure
  • Board tenure
  • Professional contacts

Verified entity values are shown only after access is granted.

IPO & Listings of ideaForge

ideaForge is a publicly listed company on the NSE with ticker symbol IDEAFORGE in India, operating in the Electronic technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date07 Jul 2023
  • Listed onNSE: IDEAFORGE · BSE: 543932
  • Listed entityIdeaforge Technology Limited
  • Exchange sectorElectronic technology
  • ISININE349Y01013
  • Share price₹746.25 (-1.3% on the day) · 2026-10-14
  • Market capitalisation₹3,756 Cr
  • Price to earnings1,036.3
  • EPS (diluted, trailing year)₹0.72
  • Volume (last session)414,615

Financials of ideaForge

Exchange-reported figures of Ideaforge Technology Limited, the listed company behind ideaForge (NSE: IDEAFORGE).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹226 Cr
+40.3% YoY
EBITDA
₹5.55 Cr
+110.7% YoY
Profit After Tax
−₹20.16 Cr
+69.1% YoY
Net Worth
₹599 Cr
-1.6% YoY
Total Assets
₹693 Cr
+10.0% YoY
Total Debt
₹83.71 Cr
+408.3% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue22616131418615934.7214.00
Revenue growth+40.3%-48.7%+68.8%+16.7%+359.2%+148.0%-
EBITDA5.55(51.88)56.5348.0774.56(10.60)(12.37)
EBITDA margin+2.5%-32.2%+18.0%+25.8%+46.8%-30.5%-88.4%
Profit before tax(19.93)(62.39)61.0740.8050.19(14.49)(13.43)
Net profit(20.16)(65.18)43.5530.5444.00(14.61)(13.44)
Net profit margin-8.9%-40.4%+13.9%+16.4%+27.6%-42.1%-96.0%
EPS (₹)(3.93)(14.46)10.5614.994,944.49(1,643.37)(1,510.79)
Balance sheet
Total assets69363067842818211376.19
Net worth59960966132516359.7568.12
Total debt83.7116.4714.4910116.3751.046.61
Cash & bank39.3296.762746.5035.0814.130.10
Net working capital30928145319992.7070.3533.93
Cash flow
Cash from operations(63.41)(76.79)76.04(53.23)66.52(30.81)(16.47)
Cash from investing16.35(68.07)(102)(149)(30.76)(6.80)4.76
Cash from financing60.96(7.59)189176(10.60)42.791.18
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue91.2968.5914131.5540.7612.7820.3117.61
Revenue growth (YoY)+124.0%+436.7%+594.4%+79.2%+9.9%-85.2%--
Other income6.271.9512.452.613.293.944.434.89
EBITDA16.962.3361.70(26.52)(11.28)(19.08)(21.85)(17.48)
EBITDA margin+18.6%+3.4%+43.7%-84.1%-27.7%-149.3%-107.6%-99.3%
Depreciation14.7514.2111.7810.9710.559.788.037.47
Interest1.042.041.641.050.920.370.250.23
Profit before tax7.44(11.97)60.73(35.93)(19.46)(25.29)(25.70)(20.29)
Tax0.98(9.37)0.75(2.08)0.16(1.74)0.023.74
Net profit6.46(2.60)59.98(33.85)(19.62)(23.55)(25.72)(24.03)
EPS (₹)1.30(0.59)13.68(7.75)(4.49)(5.40)(5.90)(5.56)
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue22716631718615934.9314.09
Revenue growth+36.7%-47.7%+70.4%+16.7%+356.5%+147.9%-
EBITDA16.02(42.14)59.9848.0774.56(11.29)(13.11)
EBITDA margin+7.1%-25.4%+18.9%+25.8%+46.8%-32.3%-93.0%
Profit before tax(9.69)(52.47)64.5240.8050.19(14.29)(13.54)
Net profit(10.91)(54.28)46.1330.5444.00(14.29)(13.54)
Net profit margin-4.8%-32.7%+14.6%+16.4%+27.6%-40.9%-96.1%
EPS (₹)(1.80)(11.92)11.1614.994,944.49(1,460.44)(1,537.54)
Balance sheet
Total assets71464368142818211275.24
Net worth62162266332516360.3668.47
Total debt83.7116.4714.4910116.3765.205.30
Cash & bank29.8392.462686.5035.0820.728.52
Net working capital29627744919992.7070.5831.92
Cash flow
Cash from operations(49.59)(65.51)76.94(53.23)66.52(30.81)(17.13)
Cash from investing0.25(78.29)(108)(149)(30.76)(6.80)4.52
Cash from financing60.96(7.59)189176(10.60)42.792.09
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue91.2968.4214131.5541.6712.7823.7718.50
Revenue growth (YoY)+119.1%+435.4%+492.6%+70.5%+12.0%-85.2%--
Other income6.201.8712.362.553.203.854.494.89
Total expenses73.8465.7478.1055.4548.7229.2941.4233.01
EBITDA17.452.6862.76(23.90)(7.05)(16.51)(17.65)(14.51)
EBITDA margin+19.1%+3.9%+44.6%-75.8%-16.9%-129.2%-74.3%-78.4%
Depreciation14.7314.1911.7510.9410.539.768.007.44
Interest1.042.041.641.050.920.370.250.23
Profit before tax7.88(11.68)61.73(33.34)(15.30)(22.79)(21.41)(17.29)
Tax0.12(9.37)1.31(2.00)(0.24)(1.00)(1.01)3.38

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 08 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue91.2968.5914131.5540.7612.7820.3117.61
Revenue growth (YoY)+124.0%+436.7%+594.4%+79.2%+9.9%-85.2%--
Other income6.271.9512.452.613.293.944.434.89
EBITDA16.962.3361.70(26.52)(11.28)(19.08)(21.85)(17.48)
EBITDA margin+18.6%+3.4%+43.7%-84.1%-27.7%-149.3%-107.6%-99.3%
Depreciation14.7514.2111.7810.9710.559.788.037.47
Interest1.042.041.641.050.920.370.250.23
Profit before tax7.44(11.97)60.73(35.93)(19.46)(25.29)(25.70)(20.29)
Tax0.98(9.37)0.75(2.08)0.16(1.74)0.023.74
Net profit6.46(2.60)59.98(33.85)(19.62)(23.55)(25.72)(24.03)
EPS (₹)1.30(0.59)13.68(7.75)(4.49)(5.40)(5.90)(5.56)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue22616131418615934.7214.00
Revenue growth+40.3%-48.7%+68.8%+16.7%+359.2%+148.0%-
Other income22.2921.1630.4110.402.011.622.32
Total expenses22121325713884.8845.3226.37
Employee cost12010990.6066.9335.7125.8419.75
EBITDA5.55(51.88)56.5348.0774.56(10.60)(12.37)
EBITDA margin+2.5%-32.2%+18.0%+25.8%+46.8%-30.5%-88.4%
Depreciation43.0729.3421.1711.867.283.582.78
Interest4.702.334.705.8119.101.930.60
Profit before tax(19.93)(62.39)61.0740.8050.19(14.49)(13.43)
Tax(2.91)(0.12)15.808.816.170.120.01
Net profit(20.16)(65.18)43.5530.5444.00(14.61)(13.44)
Net profit margin-8.9%-40.4%+13.9%+16.4%+27.6%-42.1%-96.0%
EPS (₹)(3.93)(14.46)10.5614.994,944.49(1,643.37)(1,510.79)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital43.2843.0842.8921.340.090.090.09
Reserves & surplus55656661830311059.6267.99
Shareholders' funds (net worth)59960966132516359.7568.12
Minority interest0.000.000.000.000.000.000.00
Secured loans72.130.000.0086.500.0220.325.30
Unsecured loans11.5816.4714.4914.0616.3530.721.31
Total debt83.7116.4714.4910116.3751.046.61
Total liabilities69363067842818211376.19
Assets
Gross block26117311170.5735.7015.707.59
Net block13896.8867.1248.7126.2112.974.61
Capital work in progress11099.9054.1824.9219.0914.2216.84
Investments10512087.8712510.650.0011.90
Inventories14394.2398.2810548.9123.4210.86
Sundry debtors12656.0244.3557.8220.3123.7510.12
Cash & bank balances39.3296.762746.5035.0814.130.10
Loans & advances10675.9910190.6328.6620.1116.45
Total current assets41532351726013381.4137.53
Total current liabilities10641.8164.4960.1440.2611.063.60
Net working capital30928145319992.7070.3533.93
Total assets69363067842818211376.19
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash15.871684.5030.425.260.0910.61
Net cash from operating activities(63.41)(76.79)76.04(53.23)66.52(30.81)(16.47)
Net cash from investing activities16.35(68.07)(102)(149)(30.76)(6.80)4.76
Net cash from financing activities60.96(7.59)189176(10.60)42.791.18
Net change in cash13.89(152)164(25.91)25.165.17(10.52)
Closing cash39.3296.762746.5035.0814.130.10
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+40.3%-48.7%+68.8%+16.7%+359.2%+148.0%-
EBITDA growth+110.7%-191.8%+17.6%-35.5%+803.4%+14.3%-
PBT growth+68.1%-+49.7%-18.7%+9998.0%-7.9%+9997.0%
Net income growth+69.1%-249.7%+42.6%-30.6%+401.2%-8.7%-
Revenue CAGR (3Y)+6.7%+0.4%+108.4%+136.9%---
EBITDA CAGR (3Y)-51.3%------
Profitability & leverage
Net income margin-7.5%-38.6%+14.4%+17.2%+27.6%-42.1%-96.0%
Return on capital employed-2.8%-9.2%+11.9%+15.3%+47.0%0.0%0.0%
Return on net worth-3.3%-9.8%+9.2%+13.1%+39.5%0.0%0.0%
Debt / equity0.080.020.120.240.300.450.10
Long-term debt / equity0.010.020.020.040.210.300.01
Interest cover-12.53-2.8713.2916.0528.39-13.61-3.96
Efficiency & per share
Fixed asset turnover1.041.133.453.506.202.981.84
Inventory turnover1.911.673.092.424.412.031.29
Debtors turnover2.483.216.154.767.242.051.38
EPS (₹)(3.93)(14.46)10.5614.994,944.49(1,643.37)(1,510.79)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)138.42141.29154.04152.1612,403.936,708.997,649.33
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue91.2968.4214131.5541.6712.7823.7718.50
Revenue growth (YoY)+119.1%+435.4%+492.6%+70.5%+12.0%-85.2%--
Other income6.201.8712.362.553.203.854.494.89
Total expenses73.8465.7478.1055.4548.7229.2941.4233.01
EBITDA17.452.6862.76(23.90)(7.05)(16.51)(17.65)(14.51)
EBITDA margin+19.1%+3.9%+44.6%-75.8%-16.9%-129.2%-74.3%-78.4%
Depreciation14.7314.1911.7510.9410.539.768.007.44
Interest1.042.041.641.050.920.370.250.23
Profit before tax7.88(11.68)61.73(33.34)(15.30)(22.79)(21.41)(17.29)
Tax0.12(9.37)1.31(2.00)(0.24)(1.00)(1.01)3.38
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue22716631718615934.9314.09
Revenue growth+36.7%-47.7%+70.4%+16.7%+356.5%+147.9%-
Other income21.9721.2230.4110.402.011.332.30
Total expenses21120825713884.8846.2227.20
Employee cost11610790.6066.9335.7119.2512.99
EBITDA16.02(42.14)59.9848.0774.56(11.29)(13.11)
EBITDA margin+7.1%-25.4%+18.9%+25.8%+46.8%-32.3%-93.0%
Depreciation42.9829.2221.1711.867.283.142.30
Interest4.702.334.705.8119.101.190.43
Profit before tax(9.69)(52.47)64.5240.8050.19(14.29)(13.54)
Tax(1.93)(1.10)16.668.816.170.000.00
Net profit(10.91)(54.28)46.1330.5444.00(14.29)(13.54)
Net profit margin-4.8%-32.7%+14.6%+16.4%+27.6%-40.9%-96.1%
EPS (₹)(1.80)(11.92)11.1614.994,944.49(1,460.44)(1,537.54)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital43.2843.0842.8921.340.090.100.13
Reserves & surplus57757962030311060.2668.34
Shareholders' funds (net worth)62162266332516360.3668.47
Secured loans72.130.000.0086.500.0220.315.27
Unsecured loans11.5816.4714.4914.0616.3544.890.03
Total debt83.7116.4714.4910116.3765.205.30
Total liabilities71464368142818212875.24
Assets
Gross block26017311170.5735.7052.4628.40
Net block13896.5867.1148.7126.2124.2215.74
Capital work in progress11099.9053.8024.9219.090.000.00
Investments14013794.5512510.650.0011.90
Inventories13990.6897.2210548.9123.4210.86
Sundry debtors12759.5147.3957.8220.3123.5310.43
Cash & bank balances29.8392.462686.5035.0820.728.52
Loans & advances10676.0410190.6328.6613.975.71
Total current assets40231951426013381.6435.52
Total current liabilities10541.5464.9560.1440.2611.063.60
Net working capital29627744919992.7070.5831.92
Total assets71464368142818211275.24
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash11.561634.5030.425.260.0910.61
Net cash from operating activities(49.59)(65.51)76.94(53.23)66.52(30.81)(17.13)
Net cash from investing activities0.25(78.29)(108)(149)(30.76)(6.80)4.52
Net cash from financing activities60.96(7.59)189176(10.60)42.792.09
Net change in cash11.62(151)158(25.91)25.165.17(10.52)
Closing cash29.8392.462686.5035.0820.728.52
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+36.7%-47.7%+70.4%+16.7%+356.5%+147.9%-
EBITDA growth+138.0%-170.3%+24.8%-35.5%+760.4%+13.9%-
PBT growth+81.5%-+58.1%-18.7%+9998.0%-5.5%-45.1%
Net income growth+79.9%-217.7%+51.1%-30.6%+407.9%-5.5%-
Revenue CAGR (3Y)+6.8%+1.3%+108.6%+136.3%+106.2%--
EBITDA CAGR (3Y)-30.7%------
Profitability & leverage
Net income margin-3.4%-31.0%+15.1%+17.2%+27.6%-40.9%-96.1%
Return on capital employed-1.2%-7.6%+12.5%+15.3%+48.3%0.0%0.0%
Return on net worth-1.8%-8.0%+9.7%+13.1%+39.4%0.0%0.0%
Debt / equity0.080.020.120.240.260.370.05
Long-term debt / equity0.010.020.020.040.230.290.00
Interest cover-17.43-3.2712.1116.0528.39-8.25-2.79
Efficiency & per share
Fixed asset turnover1.051.173.483.504.971.560.66
Inventory turnover1.981.773.142.424.412.041.33
Debtors turnover2.433.106.034.767.272.061.46
EPS (₹)(1.80)(11.92)11.1614.994,944.49(1,460.44)(1,537.54)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)143.39144.40154.64152.1612,403.936,168.797,770.61

Timeline of ideaForge

5 dated milestones of ideaForge across 19 years, from founding to its latest funding, stage changes and deals.

  1. Founded ideaForge is founded.
  2. Funding First funding round of $90K.
  3. Milestone Reaches Minicorn status.
  4. IPO Lists on the stock exchange (IPO).
  5. Funding Latest funding round, Post-IPO, of $52.2M.

Web traffic of ideaForge

The website of ideaForge (ideaforgetech.com) receives about 28.8K visits a month and ranks #685,780 among all websites worldwide, #6,694 in Investing.

  • Monthly visits
    28.8K

    ▼ 23.6% vs previous month

  • Unique visitors
    17.8K

    per month

  • Global rank
    #685,780

    among all websites

  • Category rank
    #6,694

    Finance · Investing

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Top companies in Drone & Aerial Mobility

2 companies that operate in the same segment as ideaForge (Drone & Aerial Mobility) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Garuda Aerospace
Manufacturer of drones and provider of drone-based solutions across various sectors
2015Chennai, Tamil Nadu, IndiaUSD 59.3 MUSD 12.94 M130
Marut Drones
Precision drones are supplied for agricultural management tasks.
2019Hyderabad, Telangana, IndiaUSD 6.35 MUSD 654.12 K49
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Related news about Ideaforge

IDEAFORGE: Q2 REVENUE 913M RUPEES VS 417M (YOY)
Exchange Update • 6 days ago
IDEAFORGE: Q2 SL NET PROFIT 77M RUPEES VS LOSS 151M (YOY)
Exchange Update • 6 days ago
IdeaForge Tech: Co's US Unit Ends Joint Venture Agreement With First Breach Inc. By Mutual Agreement Due To Missed Deadline.
Exchange Update • 15 days ago
Ideaforge Technology Gets Order From Survey Of India For Q6 V2 Drones To Help With Large-Scale Surveys And Mapping, Allowing Faster Data Collection Over Various Terrains.
Exchange Update • 26 days ago
IdeaForge Technology: Signs Loan Deal With Technology Development Board For ₹151 Crores To Fund Yeti Project, Includes Standard Lending Conditions.
Exchange Update • 1 month ago
ideaForge Technology Receives Rs 109 Crore GST Demand
Viestories • 1 month ago
Ideaforge Technology: Co Faces ₹545.86 Million Tax Notice Under CGST Act; Plans To Appeal With Hope For Positive Result; No Immediate Financial Or Operational Impact.
Exchange Update • 1 month ago
Ideaforge Technology: Co Secures ₹23.62 Cr Orders From Domestic Civil Customers For UAVs, Accessories And Training, With Execution Within 6 Months
Exchange Update • 1 month ago
Ideaforge Technology allots 8,826 equity shares under ESOS | Capital Market News - Business Standard
Business Standard • 1 month ago
ideaForge Technology shares drop over 9% in two days. JM Financial downgrades rating - The Economic Times
Economic Times • 2 months ago
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Articles about ideaForge on our blog

Frequently Asked Questions about ideaForge

ideaForge was founded in 2007 and raised its 1st funding round 2 years after it was founded.

ideaForge is headquartered in Navi Mumbai, India. It is registered at Navi Mumbai, Maharashtra, India.

Ankit Mehta is the CEO of ideaForge, as recorded in our data. They have also founded this company.

ideaForge is a funded company, having raised a total of $53.82M across 17 funding rounds to date. The company's 1st funding round was a Series A of $1.47M, raised on Mar 2009.

ideaForge has 531 employees.

The primary company behind ideaForge, Ideaforge Technology Limited, reported revenue of ₹248 Cr for FY 2026, up 40% year on year.

ideaForge was founded in 2007 and is headquartered in Navi Mumbai, India. Unmanned aerial vehicles, along with associated systems such as drones and mapping platforms, are developed and produced by the company. These technologies are applied in sectors including surveillance, mapping, industrial inspection, and public safety. Operations focus on engineering and research to support defense and civilian uses.

ideaForge offers Drones.

Yes, ideaForge is publicly traded on NSE under the ticker symbol IDEAFORGE.

ideaForge has 39 investors. Key investors include Qualcomm, Infosys, BlackSoil, 360 One, and Qualcomm Ventures.

The valuation of ideaForge is $335.26M as of Jun 2023.

ideaForge operates through Ideaforge Technology Limited.

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