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Top 10 Drone Companies in India 2024

India’s drone industry has taken flight, soaring to new heights in recent years. With advancements in technology and supportive government policies, the market is buzzing with innovation and investment.

A Closer Look at the Top 10 Drone Companies Revolutionizing Aerial Technology

 1.IdeaForge

Idea Forge Technology Pvt. Ltd., headquartered in Mumbai, Maharashtra, India, is a pioneering drone manufacturing company. Established in 2007 by IIT Mumbai alumni, Idea Forge has soared to prominence in the Indian UAV (Unmanned Aerial Vehicle) landscape. Here’s a concise overview of this remarkable company:

  1. Mission and Focus:
    • Idea Forge develops and produces autonomous man-portable Unmanned Aerial Vehicles (UAVs).
    • Their mission revolves around creating products that inspire a new vision, emphasizing usability, quality, and performance.
  2. Product Range:
    • Idea Forge’s drones cater to various applications, including mapping, security, and surveillance.
    • These UAVs are generations ahead of other OEMs in terms of safety, reliability, autonomy, and performance.
  3. Industrial and Commercial Sectors:
    • The company serves both industrial and commercial clients.
    • Their drones find applications in diverse fields, from defense and security to infrastructure monitoring and agriculture.
  4. Innovation and Design:
    • Idea Forge’s success lies in its user-centric innovations and design.
    • They prioritize sustainable use and ensure the highest quality in their products.
  5. Government Regulations and Growth:
    • The Indian government’s push for innovation and investment in the drone sector has fueled IdeaForge’s growth.
    • The Digital Sky regulations, introduced in 2020, opened up the airspace for commercial drones, allowing legal operations and enhanced safety measures.
  6. Investment and Funding:
    • Idea Forge has raised a total of $45.7 million in funding.
    • Notable investors include Aditya Birla Sunlife Mutual Fund and HDFC Bank.

2. Dhaksha Unmanned Systems

  1. Product Range:
    • Swarm Drones: Dhaksha pioneers swarm drone technology, enabling coordinated and efficient operations.
    • Kamikaze Drones: These specialized drones serve tactical purposes, providing precision and agility.
    • Delivery Drones: Dhaksha’s delivery drones optimize logistics, ensuring swift and secure transportation.
    • Fixed Wing VTOLs: These versatile drones combine the benefits of fixed-wing and vertical takeoff and landing capabilities.
  2. Agriculture Transformation:
    • Dhaksha revolutionizes agriculture using hybrid petrol engine-based drones.
    • These drones spray pesticides, liquid fertilizers, micronutrients, and organic pesticides, enhancing crop health and yield.
  3. Enterprise Solutions:
    • Dhaksha specializes in long-range (up to 75 km)high-endurance (24x7x365) surveillance applications.
    • Their drones play a crucial role in sectors such as agriculture, forestry, transportation, mining, energy, tourism, and smart cities.
  4. Achievements:
    • Dhaksha clinched victory in the 2021 Mehar Baba Swarm Drone competition by the Indian Air Force, surpassing 154 competitors.
    • The company collaborates with MIT-Anna University for drone research, development, and pilot training.
  5. Ownership:
    • As of July 2023, Coromandel International Ltd holds a 51% stake in Dhaksha.

Dhaksha’s commitment to innovation, safety, and practical applications positions them as a key player in India’s drone ecosystem.

 

3. Garuda Aerospace

Garuda Aerospace, based in Chennai, Tamil Nadu, India, is a human-centric company that specializes in the development of unmanned aerial vehicles (UAVs) or drones. Let’s explore the specifics of this remarkable company:

  1. Product Range:
    • Defense and Aerospace Drones: Garuda Aerospace designs, builds, and customizes UAVs for the defense and aerospace sectors.
    • Swarm Drones: Garuda pioneers swarm drone technology, enabling coordinated and efficient operations.
    • Kamikaze Drones: These specialized drones serve tactical purposes, providing precision and agility.
    • Delivery Drones: Garuda’s delivery drones optimize logistics, ensuring swift and secure transportation.
    • Fixed Wing VTOLs: These versatile drones combine the benefits of fixed-wing and vertical takeoff and landing capabilities.
  2. Agriculture Transformation:
    • Garuda revolutionizes agriculture using hybrid petrol engine-based drones.
    • These drones spray pesticides, liquid fertilizers, micronutrients, and organic pesticides, enhancing crop health and yield.
  3. Enterprise Solutions:
    • Garuda specializes in long-range (up to 75 km)high-endurance (24x7x365) surveillance applications.
    • Their drones play a crucial role in sectors such as agriculture, forestry, transportation, mining, energy, tourism, and smart cities.
  4. Achievements:
    • Garuda clinched victory in the 2021 Mehar Baba Swarm Drone competition by the Indian Air Force, surpassing 154 competitors.
    • The company collaborates with MIT-Anna University for drone research, development, and pilot training.
  5. Ownership:
    • As of July 2023, Coromandel International Ltd holds a 51% stake in Garuda Aerospace

4. Asteria Aerospace

Asteria Aerospace Limited, based in Bangalore, Karnataka, India, is a full-stack drone technology company that provides actionable intelligence from aerial data. Let’s explore the specifics of this remarkable company:

  1. Customized Drone Solutions:
    • Asteria develops deeply customized drone solutions for both government and enterprise applications.
    • Their expertise spans hardware design, software development, and manufacturing.
  2. Product Range:
    • A200: India’s first micro-category drone with DGCA-type certification for surveying and mapping applications. It offers a flight time of 35 minutes and a range of up to 2 kilometers of line of sight (LOS).
    • A200-XT: A feature-packed small-category drone with DGCA-type certification for surveillance, inspection, and mapping. It provides a flight time of 40 minutes and a range of up to 3 kilometers LOS.
    • A410-XT: A DGCA type-certified drone with best-in-class payload capabilities for surveillance and industrial inspections. It offers a flight time of 60 minutes and a range of up to 4 kilometers LOS.
    • AT-15: A VTOL drone designed for critical intelligence, surveillance, and reconnaissance (ISR) missions. It boasts superior endurance and a range of up to 120 minutes at sea level, covering up to 20 kilometers LOS.
  3. Drone-as-a-Service (DaaS):
    • Asteria offers a Drone-as-a-Service solution, allowing businesses to enhance operational efficiency without investing in hardware, software, and analytics.
  4. Industries Served:
    • Asteria’s drones cater to various sectors, including:
      • Defence & Homeland Security
      • Agriculture
      • Telecommunications
      • Oil & Gas
      • Energy & Utilities
      • GIS Surveying & Mapping
      • Industrial Security
      • Mining & Metals
  5. Innovation and Impact:
    • Asteria’s commitment to innovation, AI, 5G, and cloud technologies positions them as a key player in the drone industry.
    • They are navigating the rapidly shaping regulatory landscape and driving progress in the sunrise sector of drones.

5. Avian Aerospace Pvt Ltd

Avian Aerospace Pvt Ltd, headquartered in Bangalore, Karnataka, India, is a dynamic company that develops advanced autonomous vehicles and provides cutting-edge solutions for challenging industry problems. Let’s explore the specifics of this remarkable company:

  1. Product Range:
    • Agriculture Drones: Avian Aerospace offers outstanding agriculture drones that aid farmers in various circumstances. These drones assist with crop health monitoring, treatment, scouting, irrigation, field soil analysis, and damage assessments. By gathering precise information, drone-based surveys enhance crop yields while reducing time and costs. Avian’s agriculture spraying operations have proven to be 80% more successful than manual methods for controlling locust infestations.
    • Industrial Drones: Avian Aerospace’s industrial drones cater to diverse sectors, including mining, power, solar, wind energy, and more. These drones are versatile tools for aerial mapping, surveying, and inspections.
  2. Anti-Drone System:
    • In collaboration with the Defense Research and Development Organization (DRDO), Avian Aerospace has developed an anti-drone system. This specialized five-layered drone captures other unauthorized drones, ensuring security and safety.
  3. Innovation and Impact:
    • Avian Aerospace’s commitment to innovation positions them as a key player in the drone industry.
    • They are navigating the rapidly shaping regulatory landscape and driving progress in the sunrise sector of drones.

6. DRDO (Defense Research and Development Organization)

DRDO (Defense Research and Development Organization) is the R&D wing of the Ministry of Defense, Government of India. Its vision is to empower India with cutting-edge defense technologies, while its mission is to achieve self-reliance in critical defense technologies and systems.

  1. Origins and Growth:
    • DRDO was formed in 1958 through the amalgamation of existing organizations such as the Technical Development Establishment (TDEs) of the Indian Army and the Directorate of Technical Development & Production (DTDP) with the Defense Science Organization (DSO).
    • Initially, DRDO comprised 10 establishments or laboratories, but it has grown significantly over the years.
    • Today, DRDO operates a network of around 41 laboratories and 05 DRDO Young Scientist Laboratories (DYSLs), covering various disciplines like aeronautics, armaments, electronics, combat vehicles, engineering systems, instrumentation, missiles, advanced computing, and more.
  2. Achievements and Impact:
    • DRDO’s successful indigenous development and production of strategic systems and platforms include:
      • Agni and Prithvi series of missiles
      • Light combat aircraft (Tejas)
      • Multi-barrel rocket launcher (Pinaka)
      • Air defense system (Akash)
      • A wide range of radars and electronic warfare systems
    • These achievements have significantly enhanced India’s military capabilities, providing effective deterrence and crucial leverage.
  3. Vision and Mission:
    • Vision: Empowering the nation with state-of-the-art indigenous defense technologies and systems.
    • Mission:
      • Design, develop, and lead to the production of state-of-the-art sensors, weapon systems, platforms, and allied equipment for our Defense Services.
      • Provide technological solutions to optimize combat effectiveness and promote the well-being of troops.
      • Develop infrastructure, quality manpower, and a strong indigenous technology base.

7. Hindustan Aeronautics Limited (HAL)

is an Indian public-sector aerospace and defense company, headquartered in Bangalore

  • Industry: Aerospace and Defense
  • Founded: 22 December 1940 (as Hindustan Aircraft); 1964 (as Hindustan Aeronautics)
  • Headquarters: Bangalore, Karnataka, India
  • Key People: CB Ananthakrishnan (Chairman & MD, Additional Charge)
  • Products:
    • Transport aircraft.
    • Fighter aircraft
    • Trainer aircraft
    • Helicopters
  • Financial Highlights (2023):
    • Revenue: ₹28,597.58 crore (US$3.6 billion)
    • Operating income: ₹6,509.50 crore (US$820 million)
    • Net income: ₹5,827.73 crore (US$730 million)
    • Total assets: ₹67,203.80 crore (US$8.4 billion)
    • Total equity: ₹23,575.89 crore (US$3.0 billion)
  • Ownership: Government of India (71.65%)
  • Number of Employees (March 2023): 24,457
  • WebsiteHAL Official Website

HAL has a rich history, beginning aircraft manufacturing as early as 1942 with licensed production of Harlow PC-5, Curtiss P-36 Hawk, and Vultee A-31 Vengeance for the Indian Air Force. It currently operates 11 dedicated Research and Development (R&D) centers and 21 manufacturing divisions across India. HAL is involved in designing and manufacturing fighter jets, helicopters, jet engines, marine gas turbine engines, avionics, software development, spare supply, and overhauling/upgrading Indian military aircraft.

8.Aero360

Aero360 is a dynamic company specializing in the design, development, and manufacturing of Unmanned Aerial Vehicles (UAVs). These versatile drones cater to a wide range of applications, including:

  1. Natural Resource Management: Aero360’s drones are adept at collecting data for environmental monitoring, conservation, and resource assessment.
  2. Mapping and Surveying: They provide efficient solutions for creating detailed maps, topographic surveys, and land assessments.
  3. Inspection and Surveillance: Aero360’s UAVs excel in inspecting infrastructure, pipelines, power lines, and other critical assets.
  4. Disaster Management and Emergency Response: These drones play a crucial role in disaster assessment, search and rescue operations, and emergency communication.
  5. Aerial Photography: Aero360’s high-resolution imaging capabilities are ideal for capturing stunning aerial photographs.

Moreover, Aero360 is actively involved in building a robust platform for processing, storing, and delivering high-resolution images. Their commitment to quality and safety is evident through their DGCA-approved drones. With over 5 years of experience, Aero360 stands at the forefront of the drone revolution, impacting industries beyond boundaries.

9. Paras Defense & Space Technologies Ltd.

is a Premier Make in Indian company that offers a wide range of defense products and solutions. With over 40 years of experience and expertise, they specialize in the following areas:

  1. Defense Electronics: Providing automation, control, rugged displays, computing, and sensors for defense applications.
  2. Space Optics: Manufacturing infrared optics in large quantities.
  3. Defense Heavy Engineering: Contributing significantly to prestigious Defense & Space Programs.
  4. Naval Systems: Offering solutions related to naval operations.
  5. Land & Armoured Vehicles: Catering to land-based defense needs.
  6. Electronic Warfare and Surveillance: Enhancing security through electronic countermeasures.
  7. Electromagnetic Pulse Protection: Safeguarding against electromagnetic threats.

10. Zen Technologies Limited

Zen Technologies Limited, incorporated in 1993, is a pioneering company that designs, develops, and manufactures state-of-the-art Combat Training Solutions for defense and security forces worldwide. Headquartered in Hyderabad, India, Zen Technologies has offices in India, UAE, and the USA.

Their portfolio includes over 40 products, ranging from Live Fire, Live Instrumented, Virtual, and Constructive training systems for individual and collective training, as well as Counter Drone Solutions for safeguarding borders and critical infrastructures.

Here are some key points about Zen Technologies:

  • Mission: To provide Combat Training and Anti-Drone solutions through innovative and cost-effective means.
  • Leadership:
    • Kishore Dutt Atluri: Founder, President & Joint Managing Director
    • Ashok Atluri: Chairman & Managing Director
    • Mr. M. Ravi Kumar: Whole Time Director
    • Ms. Shilpa Choudari: Whole Time Director
  • Awards and Patents:
    • Mr. Kishore Dutt Atluri received the ‘IETE – Shri Devi Singh Tyagi Memorial Award – 2022’.
    • Telangana State Intellectual Property Award 2021.
    • Certificate from Force One, Maharashtra Police.
    • Best exhibitor-Gold award at the 16th India International Security Expo 2013.
    • National Award for successful commercialization of indigenous technology on Technology Day for its “Overseas Driving Training Simulator”.

Zen Technologies’ commitment to innovation, combat readiness, and safety has made it a trusted partner for armed, paramilitary, and police forces worldwide

 

Hyderabad’s Top Business Events: What’s Happening in the City?

Are you a business enthusiast or an entrepreneur looking to network, learn, and grow your venture? Hyderabad, the bustling city of pearls and technology, hosts a plethora of business events that cater to various interests and industries. In this comprehensive guide, we’ll delve into the details of upcoming business events in Hyderabad, covering everything from dates and venues to event descriptions and benefits.

Hyderabad’s Top Business Events You Can’t-Miss

1. Hire Digital Freelancers – Job Opportunity Meetup

  • Date: April 7, 2024
  • Venue: Draper Startup House, Hyderabad
  • Description: This event is a golden opportunity for businesses seeking digital talent. If you’re looking to hire skilled freelancers in areas like web development, graphic design, or content creation, mark your calendar. Expect networking sessions, job postings, and insightful discussions on the gig economy.
  • Benefits:

    • Expand Your Network: Connect with freelancers who can add value to your projects.
    • Find the Right Fit: Explore portfolios and discuss project requirements directly.
    • Discover Collaborators: Build partnerships for long-term success.

2. PHARMA INDIA EXPO 2024

  • Date: July 17-19, 2024
  • Venue: HITEX Exhibition Center, Hyderabad
  • Description: Calling all pharmaceutical professionals! This expo is a hub of innovation, showcasing the latest drugs, medical devices, and research breakthroughs. Attend seminars, interact with industry leaders, and explore business collaborations.
  • Benefits:

    • Stay Informed: Learn about advancements in drug development and healthcare.
    • Network with Experts: Connect with manufacturers, distributors, and researchers.
    • Business Opportunities: Identify potential partners and explore market trends.

3. WordPress Mastery Workshop

  • Date: April 7, 2024
  • Venue: QiMedia – Digital Marketing & PR Agency, Hyderabad
  • Description: Unlock the power of WordPress! Whether you’re a blogger, business owner, or marketer, this workshop covers essential skills. Dive into themes, plugins, SEO, and content management. Hands-on sessions will demystify the platform.
  • Benefits:

    • Website Optimization: Learn techniques to enhance your website’s performance.
    • Content Creation: Understand how to create engaging posts and pages.
    • SEO Basics: Improve your site’s visibility on search engines.

4. India CXO Forum 2024

  • Date: April 13, 2024
  • Venue: The Headquarters – Orbit, Hyderabad
  • Description: Attention, senior executives! This forum brings together CXOs (Chief Experience Officers) from diverse industries. Engage in panel discussions, share insights, and address challenges. Topics include leadership, digital transformation, and organizational agility.
  • Benefits:

    • Leadership Insights: Gain perspectives from seasoned CXOs.
    • Networking: Connect with peers and exchange best practices.
    • Strategic Thinking: Discuss trends shaping the business landscape.

5. Hyderabad BUSINESS NETWORKING

  • Date: April 13, 2024
  • Venue: Dwaraka Pride, Hyderabad
  • Description: Entrepreneurs, unite! This networking event is your chance to mingle, collaborate, and grow. Bring your business cards and elevator pitch. From startups to established companies, everyone is welcome.
  • Benefits:

    • Expand Your Circle: Meet potential clients, partners, and mentors.
    • Collaboration Opportunities: Find synergies and explore joint ventures.
    • Learn from Peers: Share experiences and gain fresh insights.

6. Startup Mixer @Hyderabad

  • Date: April 20, 2024
  • Venue: To Be Decided, Hyderabad
  • Description: Startups, investors, and enthusiasts, assemble! Pitch your ideas, seek funding, and network. Whether you’re a founder or an investor scouting promising ventures, this mixer promises exciting conversations.
  • Benefits:

    • Pitch Perfect: Refine your startup pitch and attract investors.
    • Investment Prospects: Discover innovative projects worth backing.
    • Collaborate: Form partnerships for mutual growth.

7. Health & Lifestyle Expo

  • Date: April 20, 2024
  • Venue: Vishweshwarayya Bhavan, Hyderabad
  • Description: Wellness enthusiasts, this one’s for you! Explore fitness gadgets, nutrition trends, and holistic health solutions. Attend workshops, sample organic products, and connect with experts.
  • Benefits:

    • Health Awareness: Stay informed about well-being practices.
    • Networking: Meet health professionals and explore collaborations.
    • Self-Care: Discover products that enhance your lifestyle.

8. Global Art & Design Education Expo 2024 – Hyderabad

  • Date: April 21, 2024
  • Venue: Taj Deccan, Hyderabad
  • Description: Celebrate creativity! Whether you’re an aspiring artist, designer, or educator, this expo offers insights into art schools, courses, and career paths. Attend workshops, view exhibits, and connect with industry influencers.
  • Benefits:

    • Career Guidance: Explore educational

9. Women in Tech Summit

  • Date: May 5, 2024
  • Venue: Novotel Hyderabad Convention Centre
  • Description: An empowering summit for women in the tech industry. Learn from inspiring speakers, participate in workshops, and network with fellow women professionals.
  • Benefits:

    • Tech Insights: Gain knowledge about industry trends and innovations.
    • Community Building: Connect with like-minded women and build a supportive network.
    • Career Advancement: Explore opportunities for growth and leadership.

10. E-Commerce Expo Hyderabad

  • Date: June 10-12, 2024
  • Venue: Hyderabad International Trade Expositions Limited (HITEX)
  • Description: Dive into the world of e-commerce! This expo covers everything from online retail strategies to logistics and customer experience. Attend keynote sessions, visit exhibitor booths, and network with industry experts.
  • Benefits:

    • Business Insights: Learn about e-commerce tools, payment gateways, and customer engagement.
    • Networking: Connect with retailers, tech providers, and potential collaborators.
    • Market Expansion: Explore new markets and stay competitive.

11. Leadership Development Conference

  • Date: August 15, 2024
  • Venue: Taj Krishna, Hyderabad
  • Description: Elevate your leadership game! This conference focuses on personal growth, effective communication, and strategic thinking. Engage in interactive sessions, hear from seasoned leaders, and enhance your leadership abilities.
  • Benefits:

    • Skill Enhancement: Learn practical leadership techniques and self-awareness.
    • Peer Learning: Exchange ideas with fellow professionals.
    • Organizational Impact: Apply leadership principles to drive positive change.

12. Food & Beverage Expo

  • Date: September 22-24, 2024
  • Venue: HITEX Exhibition Center, Hyderabad
  • Description: Calling all foodies and industry players! Sample gourmet delights, explore culinary equipment, and attend cooking demos. From farm-to-table concepts to global flavors, this expo has it all.
  • Benefits:

    • Taste Exploration: Discover new flavors and food trends.
    • Business Connections: Network with suppliers, chefs, and distributors.
    • Industry Updates: Stay informed about F&B innovations.

13. Startup Funding Bootcamp

  • Date: October 5, 2024
  • Venue: T-Hub, Hyderabad
  • Description: If you’re a startup founder seeking funding, this bootcamp is your compass. Learn about investor pitches, valuation, and funding strategies. Industry experts will guide you through the process.
  • Benefits:

    • Investor Ready: Understand what investors look for and how to pitch effectively.
    • Connections: Meet angel investors, venture capitalists, and mentors.
    • Financial Literacy: Navigate funding options confidently.

Conclusion

Hyderabad, with its vibrant business ecosystem, offers a plethora of events for entrepreneurs, professionals, and enthusiasts. Whether you’re interested in tech, pharma, leadership, or art, there’s something for everyone. As you mark your calendars and prepare to attend these events, remember the following:

  1. Network with Purpose: Business events are not just about attending sessions; they’re about connecting with people. Be open, exchange ideas, and build meaningful relationships.
  2. Stay Informed: Keep an eye on event updates, schedules, and any last-minute changes. Visit official event websites for accurate information.
  3. Prepare Your Elevator Pitch: Whether you’re a startup founder or a seasoned executive, be ready to succinctly introduce yourself and your work.
  4. Learn and Apply: Take notes during sessions, participate in workshops, and apply the knowledge to your business or career.
  5. Enjoy the Experience: Business events are not just about business; they’re also about inspiration, creativity, and personal growth. Enjoy the journey!

Disclaimer

The information provided in this blog is based on available data and event listings. While we strive for accuracy, it’s essential to verify details directly with event organizers. We encourage you to explore these events, engage with fellow attendees, and make the most of Hyderabad’s dynamic business landscape.

DCG Wires and Cables Limited IPO Details

DCG Wires and Cables Limited Product Portfolio, financial highlights, IPO details, and more

In the heart of Ahmedabad, Gujarat, a company is making waves in the electrical industry with its innovative products and unwavering commitment to quality. DCG Wires and Cables Limited, founded in 2017, has quickly emerged as a leading manufacturer of copper cables, catering to critical applications in transformers and beyond. In this comprehensive blog post, we delve deep into the workings of DCG Wires and Cables Limited, exploring its product portfolio, financial highlights, IPO details, and more.

Company Overview

DCG Wires and Cables Limited has established its headquarters in Ahmedabad, Gujarat, strategically positioning itself at the center of India’s industrial landscape. Since its inception, the company has been dedicated to producing high-quality copper cables, essential components in various electrical applications. Let’s take a closer look at some key aspects of DCG Wires and Cables Limited:

  • Incorporation Date: September 29, 2017
  • Location: Ahmedabad, Gujarat
  • Classification: Public limited company
  • Authorized Share Capital: ₹20.00 crore
  • Total Paid-Up Capital: ₹13.15 crore
  • Current Status: Active
  • Last Reported AGM: September 30, 2022

Product Portfolio

  1. Copper Strips: DCG specializes in manufacturing copper strips utilized in diverse electrical applications.
  2. Paper-Covered Copper Strips: These strips, available in rectangular and round shapes, serve as vital components in transformers, ensuring efficient energy transmission.
  3. Multiple Paper-Covered Copper Conductors and Connection Cables: These products are integral to the construction of robust electrical circuits, facilitating seamless power distribution.
  4. Wires (Kraft/Crepe/Nomex/Mica): DCG offers an array of wires tailored to specific requirements, catering to a wide range of applications.
  5. Bare Copper Wires and Strips: Widely utilized in electrical and electronic devices, bare copper wires and strips manufactured by DCG ensure reliable conductivity.
  6. Copper Tapes: These tapes find extensive applications in grounding and shielding, providing essential protection against electrical interference.

Financial Highlights

  • Authorized Share Capital: INR 20.00 crore
  • Total Paid-Up Capital: INR 13.15 crore
  • Current Status: Active
  • Last Reported AGM: September 30, 2022

Directors

The leadership of DCG Wires and Cables Limited is steered by visionary individuals dedicated to driving the company towards excellence. Among the directors are:

  • Ushaben Harsadbhai Patel: Director Profile

    • Director Identification Number (DIN): 7628958
    • Number of Directorships: Ushaben holds directorship in two Indian companies.
    • Current Role: Director at DCG Wires and Cables Limited.
  • Harshadbhai Bhogilal Patel: Director Profile

    • Director Identification Number (DIN): 7628958
    • Number of Directorships: Harshadbhai holds directorship in two Indian companies.
    • Current Role: Director at DCG Wires and Cables Limited.
  • Others

Corporate Identification Number (CIN)

  • CIN: U36999GJ2017PLC099290

Registered Office

  • Address: 12, Agrasen Industrial Estate, Chotalal ni Chali, Odhav Road, Ahmedabad, Gujarat.

DCG Wires and Cables Limited IPO Details Price, Allotment Date & Issue Size

In its quest for expansion and growth, DCG Wires and Cables Limited has announced an Initial Public Offering (IPO) to attract investment and fuel its ambitious plans. Here are the pertinent details of the IPO:

  • IPO Price: Fixed at ₹100 per share
  • Total Issue Size: 4,999,200 shares (aggregating up to ₹49.99 crore)
  • Issue Type: Fixed Price Issue
  • Listing Exchange: NSE SME
  • Allotment Date: Expected on Friday, April 12, 2024
  • Tentative Listing Date: Tuesday, April 16, 2024

Investor Categories and Lot Sizes

Retail Individual Investors (RIIs):

  • Minimum Application: 1,200 shares (₹120,000)
  • Maximum Application: 1,200 shares (₹120,000)

Others:

  • Minimum Application: 2 lots (2,400 shares) (₹240,000)

Book Running Lead Manager

  • Interactive Financial Services Ltd : Interactive Financial Services Limited (IFSL) is a listed public company incorporated on October 24, 1994. It operates in the finance sector and is registered with the Reserve Bank of India (RBI) as a non-banking financial company (NBFC).

Registrar for the Issue

  • Bigshare Services Pvt Ltd :

Bigshare Services Pvt Ltd is an ISO certified company that offers Registrar and Transfer Agent (RTA) and Initial Public Offering (IPO)                                  services.

  • Company Overview

    • Services Provided:

      • Registrar and Transfer Agent (RTA): Bigshare Services Pvt Ltd acts as an intermediary between companies and their shareholders. They manage share registry services, including maintaining records of shareholders, processing share transfers, and handling other related tasks.
      • IPO Services: Bigshare assists companies during their IPO process, including allotment of shares, refunds, and other administrative tasks.
      • Corporate Action Services: This includes managing corporate events such as dividends, bonus issues, and rights offerings.
      • ISIN Creation Services: ISIN (International Securities Identification Number) is a unique identifier for securities. Bigshare helps companies obtain ISINs for their financial instruments.
      • Payments Processing: Handling payments related to share transactions.
      • Outsourced Services: Providing specialized services to companies in the financial sector.
      • Primary Market Activities: Assisting companies with their primary market offerings.
    • ISO Certification:

      • Bigshare Services Private Limited conforms to the highest standards of Quality and Information Security in its processes.
      • Accredited for ISO 9001:2015 (Quality Management Systems) and ISO 27001:2013 (Information Security Management System) by Accreditation Services for Certifying Bodies (Europe) Limited.
      • This certification assures customers and stakeholders of the company’s commitment to excellence and security.

    Customer Success Stories

    • Garware Marine Industries Ltd.: Bigshare’s services were recommended for delivering the best services with a supportive staff and user-friendly online services.
    • Jet Infraventure Limited: Bigshare’s team was praised for being easy to approach and quick to respond.
    • Omkar Chemicals: The association with Bigshare was appreciated, and the staff was found cooperative and helpful.

Market Maker

  • Nikunj Stock Brokers :Well-established Fee-Based Stock Broking House with over two decades of experience. As part of the NIKUNJ Group of Companies, they offer a comprehensive range of financial services, including:
    1. Online Trading: Providing both online and offline trading options across various segments.
    2. Demat Account Services: As a Depository Participant (DP) of India’s largest depository, NSDL, Nikunj Stock Brokers ensures timely and efficient services for dematerialized accounts.
    3. Equity Derivatives: Offering trading in equity derivatives.
    4. Currency Derivatives: Facilitating currency derivative trading on NSE for pairs permitted by RBI and SEBI.
    5. Commodity Derivatives: As a member of MCX (the energy exchange), they provide a platform for trading metals (gold, silver, copper, aluminum, nickel, zinc) and energy products (crude oil and natural gas).

Disclaimer

Investing in the stock market involves risks and requires careful consideration. It is essential to conduct thorough research and seek professional advice before making any investment decisions. Investors are advised to refer to the official prospectus (Red Herring Prospectus) for detailed information on the IPO.

Conclusion,

DCG Wires and Cables Limited stands as a beacon of innovation and reliability in the electrical industry. With its diverse product portfolio, strong financial footing, and upcoming IPO, the company is poised for a promising future, driving growth and progress in India’s electrification journey.