Drone Destination Ltd

(DRONE)

Drone Destination Ltd was originally incorporated as a private limited company in the name and style of Drone Destination Private Limited on May 10 2019. Subsequently the company got converted into public limited company and name of the Company was changed to Drone Destination Limited through fresh Certificate of Incorporation dated May 04 2023 issued by RoC Delhi. The Company is a DGCAauthorized Remote Pilot Training Organisation RPTO offering certified training programs. After due completion of the course the RPTO generates a Remote Pilot Certificate RPC from DGCAs Digital Sky Platform for a particular Class Category of Drone. As on May 03 2023 the company has trained 362 drone pilots in India for which Remote Pilot Certificate has been issued by the Company.The Company currently has three training bases at Gurugram Chandigarh and Phulpur. The Company was cofounded by Mr. Chirag Sharma in year 2019 and copromoted along with Ms. Shashi Bala with a mission of skilling upcoming generation about drones in civil space to develop new economic centres and generate large scale employment opportunities in Drone as a Service DaaS Industry.Further in Oct 2020 Indira Gandhi Rashtriya Uran Akademi IGRUA got into an agreement with Company for providing DGCAcertified Drone Training. IGRUA Drone Destination are currently imparting training at seven of its DGCAAuthorised Drone Training Bases in Gurugram Bangalore Gwalior Kangra Coimbatore Madurai and Bhopal. As on May 03 2023 the company along with IGRUA has trained932 drone pilots in India.Apart from these the Company became the first Drone Training Partner of National Skill Development Corporation NSDC in Oct 22 and offer joint certification on various dronerelated application courses through NSDCs Skill India Portal. Through the association it further offer skill loans with assistance of banking partners to make training affordable and easily accessible for aspiring drone pilots.In 2022 the Company signed an MOU with Indian Farmers Fertilizer Cooperative Limited IFFCO for establishing Remote Pilot Training Organisation at IFFCOs Phulpur Manufacturing Unit to propel Kisan Drone Training. The Company is proposing an Initial Public Issue of 6270000 Equity Shares through Fresh Issue..

Share Price: ₹184.55 per share as on 23 Dec, 2024 04:01 PM
Market Capitalisation: ₹444.33Cr as of today
Listing date: 21 Jul, 2023