The Company was incorporated as ÂideaForge Technology Private Limited on February 8, 2007, as a private
limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated February 8, 2007 issued by the RoC. Subsequently, upon the conversion of the Company into a public limited company, pursuant to a resolution passed by the Shareholders on December 20, 2022, the name of the Company was changed to ÂideaForge Technology Limited and a fresh certificate of incorporation dated January 2, 2023 was issued by the RoC.
Major events and milestones of the Company :
2007
- Incorporation of the Company
- Incubation at Society for Innovation and Entrepreneurship, Bombay
2009
- First angel investment by Sujata Vemuri in consultation with Ravi Bhagavatula
- Demonstrated NETRA, exhibiting the product launch of IndiaÂs first quadcopter drone at DefExpo
- Early prototype of the VTOL UAV (quadrotor helicopter) was featured in a popular Bollywood movie
- Developed one of the worldÂs smallest and lightest autopilots
2010
- Sale of the first drone to a state police department
- Developed NETRA UAV in partnership with a Government of India entity
2014
- Received Rs. 388.10 million capital contract from Government of India entities
2015
- Angel Investment by Centre for Innovation, Incubation and Entrepreneurship, Indian Institute of Management, Ahmedabad (IIM- Ahmedabad)
2016
- Developed the first hybrid VTOL drone with fixed wings in India, known as the SWITCH UAV
2017
- First round of institutional investment by Celesta Capital II Mauritius, Celesta Capital II-B Mauritius, Qualcomm Asia Pacific Pte. Ltd. and Infosys Limited
2019
- First company to participate in the demonstration of 5G enabled UAVs at Indian Mobile Congress
2020
- Bagged contract for SWITCH 1.0 UAVs for approximately US$ 18.27M
2022
- Won the largest mini-VTOL UAV contract against global competitors from Russia, Israel, France, Ukraine, and other countries
- Second round of institutional investment by Florintree Enterprise LLP, Infina Finance Private Limited and
Export Import Bank of India in addition to first round of institutional investors
- Incorporated a Subsidiary in USA, ideaForge Technology Inc.
2023
- Launched Netra V4 Pro in USA.
2024
-TECHEAGLE and ideaForge Partner to Boost UAV Innovation.
2025
-ideaForge wins orders worth 100 crores for its new products ZOLT UAV and SWITCH V2 from the Indian Army.
-ideaForge SWITCH UAS Receives DGCA Type Certification, Bringing Military-Grade Capabilities to Civil, Paramilitary, and Enterprise Applications.
-ideaForge Launched Q6V2 GEO UAV, Pioneering the Future of Uninhibited Geospatial Intelligence.
-ideaForge Secures ?137 Crore Emergency Procurement Order from Indian Army for hybrid Mini UAVs.
-ideaForge Received DGCA Certification for Remote Pilot Certificate Training Program.
-ideaForge SWITCH MINI becomes the first and only small UAV to earn the Prestigious ÂFit for Indian Military Use Certification.
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