AITMC Ventures (AVPL) Archives - Agro Spectrum India

AITMC Ventures Ltd receives DGCA Type Certification for agriculture drone

The company plans to achieve the target of 5,000 drones in the fiscal year 2024-25 through cross channel sales of their existing network across 12 states and 70+ Training institutes across India.

Gurugram-headquartered integrated agri-drone company AITMC Ventures (AVPL International), has announced that its Agriculture Drone VIRAJ has received type certification from the Directorate General of Civil Aviation (DGCA). This significant milestone enhances the company’s credibility and opens new opportunities in the burgeoning drone market in India.

Himanshu Sharma, CEO of AITMC Ventures Ltd. (AVPL International), acknowledges the AVPL’s first type certificate of VIRAJ UAS (Agriculture Drone), under a small class hexacopter RPAS UAS with a “proper design, material, specification, construction, and performance for safe operation.” The drone market in India is poised for significant growth, with estimates indicating that it could reach nearly 2.5 trillion Indian rupees by 2030. As a well-established player in this burgeoning market, AITMC Ventures Ltd. is strategically positioned to become one of the industry leaders. According to him, The VIRAJ Drone has all the latest features like endurance, stability & performance.

Deep Sihag Sisai, Founder and Managing Director of AITMC Ventures Ltd. (AVPL International), expressed his delight at this achievement, “Receiving this certification is a testament to our commitment to safety and quality. It will undoubtedly boost our scalability and penetration in the market. This certification is not just a recognition of our product’s quality, but it also serves as a stepping stone towards achieving our ambitious sales target of 5,000 drones in the fiscal year 2024-25. We believe that with this certification, we are well-positioned to become a leader in the drone market in India.”

The company plans to achieve this target through cross channel sales of their existing network across 12 states and 70+ Training institutes across India. We have inaugurated 20 COE, s for Drones with Foundation of 46 centres in December 2023.

Deep added that, “We are delighted to share till 15th May 35 locations in total got operational with Drone Servicing, Agriculture & Drone training facilities and rest 31 Locations will be operationalised before 30th September 2024. In futures these Drone Center of excellences will be known as World Skill and Incubation Hubs (WISH) and Global Skill and Incubation Hub (GSIH).”

Preet Sandhu, Co-founder and Executive Director, AITMC Ventures Ltd. (AVPL International), spoke about the company’s Drone Entrepreneur Programmes. “Our Drone Entrepreneur Programmes are designed to empower individuals with the skills and knowledge to operate our drones effectively. We believe this initiative will significantly contribute to our sales target.”

VIRAJ UAS drones are designed for various applications, including seed broadcasting, agrochemical spraying, and remote pilot training. These applications demonstrate the versatility of the company’s drones and their potential to revolutionise various sectors, particularly agriculture.

Preet Sandhuu also shared that their Drone Production unit in Gurgaon will be inaugurated within week with Type certification submission of next version of VIRAJ 2.0 Medium category Agriculture Drone with Co Axial feature First time in India.

Himanshu Sharma, CEO of AITMC Ventures Ltd., shared his thoughts on the company’s growth strategy, “Our presence in 12 states not only allows us to reach a wider audience but also provides an opportunity for customers to learn about our diverse course offerings. From Remote Pilot Certification Course to Agriculture Drone Spraying Course, we offer a range of courses that equip our customers with the necessary skills to operate our drones effectively”. He shared that we already have Submitted Type certification for our training and Photographic drone as well, soon all of our training centres will be equipped with our own training drones.”

May 17, 2024

The company plans to achieve the target

Agrotech, Company News, Finance, India

Integrated Agri-drone company AITMC Ventures (AVPL) files DRHP with NSE Emerge

AVPL operates primarily in three areas: Skill Development, Drones Skilling and Assembly and Agri-retail.

AITMC Ventures Limited (AVPL), a pioneer in developing a self-sustained ecosystem covering the entire farming value chain around drone technology, today announced the filing of its Draft Red Herring Prospectus (DRHP) with NSE Emerge. The Company will offer a fresh issue of up to 2,07,32,000 equity shares with a face value of Rs 2/- each through the book-building route. SKI Capital Services Limited has been appointed as the Book Running Lead Manager to the Issue, and Bigshare Services Private Limited as the Registrar to the Issue.

The Gurugram-based company operates three broad business verticals – Skill Development, Drones Skilling and Assembly and Agri-retail. Founded by entrepreneurs Deep Sihag Sisai (Managing Director) and Preet Sandhuu (Chairman) in 2016, AVPL is a “Category A” Training Partner recognised by the National Skill Development Corporation (NSDC) and serves a wide range of government departments & agencies, including other training providers. The company has two subsidiaries – SPH Aviation Private Limited and Farmers City International Private Limited, which enables an ecosystem play. SPH offers DGCA-approved Drone Pilot training programmes at their RPTOs. At the same time, Farmers City International fosters community engagement by establishing Farmer’s City Marts (FCMs), serving as comprehensive one-stop shops for farming needs.

AVPL is focused on ‘Creating a pool of Dronepreneurs and Agripreneurs’ through structured training programmes supported by the Government. By leveraging government subsidies and financial partnerships, AVPL aims to empower individuals with Agri-Drones, enabling them to explore entrepreneurial opportunities in the agricultural sector. Drones manufactured by the company will be available for sale to Drone-preneurs and qualified Drone Pilots in compliance with Government of India regulations. The company has established a Drone Production unit in Jhajjar. It is in the process of establishing a Manufacturing Unit in the “Aviation Hub” in Hisar, Haryana, for R&D and application testing. Besides, AVPL has 11 centres of excellence for Agriculture and drone training across Haryana, Gujarat, Uttar Pradesh, Madhya Pradesh, and Rajasthan. AVPL subsidiary SPH Aviation has one approved RPTO at Gurugram, whereas two more in Sirsa and Sonipat have been submitted to DGCA. Another 8 RPTO applications on their existing Training facilities are in line to submit with DGCA in the next 15-30 days.

“Since 2016, we have focused on building an integrated, robust ecosystem”, said, Deep Sihag Sisai, Founder & Managing Director, AVPL. “The journey towards being a listed company is yet another testament to our commitment to enriching the Indian Agricultural Ecosystem through technology, skill development and democratising access to solutions. We are confident that the increasing adoption of drone technology in agriculture presents a substantial growth opportunity for our Drone-as-a-Service (DaaS) offerings. Furthermore, we are well-positioned to benefit from government incentives and support as we have aligned our strategies with the government’s priorities such as employment and income augmentation in the agriculture sector”, further added Deep.

October 30, 2023

AVPL operates primarily in three areas: Skill