Date: July 13, 2026

General Business Information

Corporate Details:

  • Corporate Address: Unit 702, Q2 Bldg, Aurum Q Parc, Ghansoli, Navi Mumbai - 400 710
  • Financial Year: 2025-26
  • Paid-up Capital: ₹432,536,950/-
  • Contact Person: Nilesh Ranjan Jaywant, Company Secretary & Compliance Officer
  • Reporting Boundary: Standalone basis (ideaForge Technology Limited and its offices, manufacturing facility in Maharashtra, India)
  • Assurance: Not mandatory and not taken for FY 2025-2026

Business Activities:

  • Manufacturing Unmanned Aerial Vehicle (UAV): Hardware manufacture and assembly of UAVs and components (96% of turnover)
  • Unmanned Aerial Systems (UAS): Software and embedded sub-systems including Ground Control Station software and autopilot sub-systems
  • Solution Applications: Applications for surveillance, mapping, and surveying (4% of turnover)

Operations Overview:

  • Operational Locations: 7 national locations (1 operational, 6 offices), 1 international office
  • Markets Served: 28 Indian states & 8 Union Territories nationally; 4 countries internationally (Bhutan, Nigeria, US, Oman)
  • Export Contribution: Less than 1% of total turnover
  • Customer Base: Enterprises from private and public sectors, central/state government agencies, police departments, disaster management forces, forest departments, Ministry of Defence, Indian Armed Forces, DPSUs, and DRDO laboratories
  • Certifications: 5 UAVs DGCA type-certified, SWITCH UAV certified "Fit for Indian Military Use" by DGQA
  • Global Ranking: Ranked 3rd globally in dual-use (civil & defence) drone category by Drone Industry Insights (DII)
  • Joint Venture: First Forge established in United States for global market access

Employee Statistics

Workforce Composition (End of FY25-26):

  • Permanent Employees: 536 total (462 Male, 74 Female)
  • Differently Abled Employees: 1 permanent employee (100% Male), 0 differently abled workers
  • Board Representation: 8 total directors with 1 female (13% representation)
  • Key Management Personnel: 3 total with 0 female representation

Employee Turnover Rates:

  • Permanent Employees FY25-26: Male 19%, Female 3.2%, Total 21.9%
  • Permanent Employees FY24-25: Male 14%, Female 3%, Total 17%
  • Permanent Employees FY23-24: Male 11.3%, Female 3.5%, Total 14.3%

Employee Benefits & Coverage:

  • Health Insurance: 100% coverage for all permanent employees
  • Accident Insurance: 100% coverage for all permanent employees
  • Maternity Benefits: 100% coverage for female employees (74 employees)
  • Paternity Benefits: 100% coverage for male employees (462 employees)
  • Day Care Facilities: 100% coverage for all employees
  • Retirement Benefits: 100% coverage for PF, Gratuity, and ESI with timely deposits

Subsidiary Information

Holding/Subsidiary Companies:

  • ideaForge Technology Inc: 100% subsidiary, does not participate in Business Responsibility initiatives

Financial Information

CSR Applicability:

  • CSR Applicable: Yes
  • Turnover: ₹2,268,490,000/-
  • Net Worth: ₹5,990,420,000/-

Accounts Payable Days:

  • FY25-26: 155 days
  • FY24-25: 26 days

Concentration of Business:

  • Purchases from trading houses: 44% of total purchases (31 trading houses)
  • Top 10 trading houses: 40% of total purchases from trading houses
  • Sales to dealers/distributors: 77% of total sales (3 dealers)
  • Related Party Transactions: Sales 0.4%, Investments 56%

Material Responsibility Issues

Identified Material Issues:

1. Product Quality (Risk & Opportunity)

  • Risk: Product malfunction can have severe consequences including mission failure, reputational damage, regulatory non-compliance
  • Approach: Maintenance of quality certifications, rigorous supplier evaluation, comprehensive testing, regular calibration monitoring
  • Financial Implications: Negative - product recalls, warranty costs, contractual penalties; Positive - enhanced customer retention, operational efficiency

2. Health & Safety (Risk & Opportunity)

  • Risk: Workplace incidents, injuries, regulatory non-compliance may result in operational disruptions
  • Approach: Maintain ISO 45001 certification, regular safety audits, hazard identification, mandatory training, safety committees
  • Financial Implications: Negative - medical costs, regulatory fines, downtime; Positive - reduced injuries, improved morale, higher productivity

3. Environmental Stewardship (Opportunity)

  • Approach: Responsible battery disposal, minimal water dependency, exploring renewable energy, formal energy audits
  • Financial Implications: Positive - reduced energy costs, operational resilience, brand reputation, access to sustainability-linked financing

4. Intellectual Property Protection (Primarily Risk)

  • Risk: Legal disputes, financial liabilities, restrictions on product commercialization
  • Approach: Continuous IP governance strengthening, proactive patent monitoring, IP risk assessment integration
  • Financial Implications: Negative - litigation costs, product redesign expenses; Positive - competitive positioning, enterprise valuation

5. Human Capital Management (Opportunity)

  • Approach: Structured talent development, continuous learning, employee engagement mechanisms, inclusive workplace practices
  • Financial Implications: Negative - increased attrition costs; Positive - enhanced innovation, higher retention, stronger organizational culture

6. Data Privacy and Security (Risk)

  • Risk: Cyber incidents may disrupt operations, compromise technologies, impact stakeholder trust
  • Approach: Strengthen information security framework, enhance monitoring capabilities, employee awareness programs
  • Financial Implications: Negative - operational disruptions, financial losses, regulatory penalties, reputational damage

7. Customer Satisfaction and Retention (Opportunity)

  • Approach: Robust after-sales support, responsive service infrastructure, structured feedback mechanisms
  • Financial Implications: Positive - higher retention, strengthened relationships, brand credibility; Negative - loss of future contracts

8. Community Relations (Risk & Opportunity)

  • Approach: CSR team partnering with NGOs for community development activities
  • Financial Implications: Negative - reputational damage; Positive - positive brand image

Policy Framework

Implemented Policies aligned with NGRBC Principles:

  • Principle 1: Code of Conduct, Insider Trading Policy, Dividend Policy, Vigil Mechanism, Risk Management, POSH, Anti-bribery policy
  • Principle 2: Product Stewardship Policy, Sustainable Supply Chain Policy, Business Continuity & Disaster Management
  • Principle 3: Vigil Mechanism, POSH, Equal Opportunity Policy, Diversity and Inclusion Policy, Occupational Health and Safety Policy, Human Rights Policy
  • Principle 4: Corporate Social Responsibility, Stakeholder Engagement Policy
  • Principle 5: Vigil Mechanism, POSH, Human Rights Policy
  • Principle 6: Sustainable Supply Chain Policy, Business Continuity & Disaster Management, ESG Policy
  • Principle 7: Customer Care Policy, Grievance Redressal Policy, Stakeholder Engagement Policy
  • Principle 8: ESG Policy, Corporate Social Responsibility
  • Principle 9: Customer Care Policy, Grievance Redressal Policy

All policies approved by Board, translated into procedures, and extend to value chain partners.

Environmental Performance

Energy Consumption (FY25-26):

  • Total Energy Consumption: 4,069 GJ
  • From Non-renewable Sources: 4,068.95 GJ (Electricity: 2,710.4 GJ, DG Fuel: 113.5 GJ, Vehicle Fuel: 1,245.05 GJ)
  • From Renewable Sources: Not specified
  • Energy Intensity: 17.93 GJ per crore rupee turnover

Water Management (FY25-26):

  • Total Water Withdrawal: 854 KL (all from "Others" category)
  • Total Water Consumption: 170.8 KL
  • Water Intensity: 0.75 KL per crore rupee turnover
  • Water Discharged: 683.2 KL (no treatment)
  • Zero Liquid Discharge: Not implemented

Air Emissions (FY25-26):

  • NOx: 0.0002 tonnes/annum
  • SOx: 0.4261 tonnes/annum
  • Particulate Matter: 23.8 ppm

Greenhouse Gas Emissions (FY25-26):

  • Scope 1 Emissions: 139.92 tCO2e
  • Scope 2 Emissions: 534.66 tCO2e
  • Total Scope 1 & 2: 674.58 tCO2e
  • Emission Intensity: 2.94 tCO2e per crore rupee turnover
  • Scope 3 Emissions: 4,229.84 tCO2e

Waste Management (FY25-26):

  • Total Waste Generated: 5.40 metric tons
  • Plastic Waste: 0.126 tons
  • E-waste: 0.5642 tons
  • Battery Waste: 0.94 tons
  • Other Hazardous: 0.48 tons
  • Other Non-hazardous: 3.29 tons
  • Waste Recycled/Reused: 4.92 tons
  • Waste Disposed: 0.48 tons (Incineration: 0.47 tons, Landfilling: 0.01 tons)
  • Waste Intensity: 0.024 tons per crore rupee turnover

Social Performance

Training and Awareness:

  • Board of Directors: 1 training program (100% coverage)
  • KMP: 1 training program (100% coverage)
  • Other Employees: 42 training programs (100% coverage)
  • Human Rights Training: 100% coverage for all employees and workers

Grievance Mechanisms:

  • Communities: Mechanism available, no complaints
  • Investors: Mechanism available, no complaints
  • Shareholders: Mechanism available, no complaints
  • Employees & Workers: Mechanism available, no complaints
  • Customers: 595 complaints filed, 105 pending resolution at year-end
  • Value Chain Partners: Mechanism available, no complaints

CSR Initiatives:

  • Tata Memorial Centre - Health & Well-being: ₹4,00,000 allocated
  • Apprenticeship Program - Quality Education: ₹21,00,000 allocated
  • ITI School Thane - Quality Education: ₹1,00,000 allocated
  • Defence Water Project - Clean Water & Sanitation: ₹5,00,000 allocated

Governance Structure

Responsibility: CEO responsible for implementing Business Responsibility & Sustainability policies under Board oversight

Committee: No dedicated sustainability committee

Review: Performance review and follow-up actions carried out as required per policies

External Assessment: No independent external assessment conducted