Droneacharya Aerial Innovations Limited, a prominent drone-related solution provider company that provides a high-end ecosystem, has made a significant announcement regarding the franchise deal signed by the company.
As detailed in the official report, Droneacharya recently entered into a franchise agreement with Wollstone Capital SA, a Switzerland-based private investment holding company.
The primary objective of this collaboration is to establish thirty Remote Pilot Training Organizations (RPTO) throughout India, aimed at promoting drone sales, services, and accredited training programs. The agreement between DroneAcharya and Wollstone has a total value of USD 2.7 million (approximately Rs 23 crore).
Through its collaboration with Wollstone, DroneAcharya Aerial Innovations is poised to become a pivotal force in advancing the drone industry. This partnership will substantially expand the number of RPTOs and facilitate the widespread dissemination of drone technology, training, and job opportunities throughout the entire country. The agreement aims to establish over a hundred training centres in India in total.
Through this association, the company aims to make drone technology and services more accessible to end consumers, aiming to be a one-stop solution for entities such as farmers, mining agencies, energy companies, and educators. Their offerings include cutting-edge drone technology and drone data processing, powered by Artificial Intelligence and Machine Learning.
Currently, it has trained over 500 DGCA-certified drone pilots since March 2022, making it the first non-government company to achieve this milestone. With 30 new franchises, the company has ambitious plans to train over 500 DGCA-certified drone pilots per month, significantly boosting the skilled workforce in the Indian drone sector.
Today, the company’s shares began trading at Rs 186.30, marking a 0.40% up from the previous day’s closing price of Rs 185.55. They reached an intraday high of Rs 188 each on the BSE. While writing the article it is trading at Rs 181.60 apiece.
The market capitalization of the company is Rs 436 crore. Additionally, the stock has delivered a return of 60% in the last six months.
Investors must keep this stock on their radar.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.