Ideaforge Technology Share price

The Company was incorporated as “ideaForge Technology Private Limited” on February 8 2007 as a privatelimited 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 “ideaForge 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 Bombay2009- First angel investment by Sujata Vemuri in consultation with Ravi Bhagavatula- Demonstrated NETRA exhibiting the product launch of India’s first quadcopter drone at DefExpo- Early prototype of the VTOL UAV (quadrotor helicopter) was featured in a popular Bollywood movie- Developed one of the world’s smallest and lightest autopilots2010- Sale of the first drone to a state police department- Developed NETRA UAV in partnership with a Government of India entity2014- Received Rs. 388.10 million capital contract from Government of India entities2015- 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 UAV2017- First round of institutional investment by Celesta Capital II Mauritius Celesta Capital II-B Mauritius Qualcomm Asia Pacific Pte. Ltd. and Infosys Limited2019- First company to participate in the demonstration of 5G enabled UAVs at Indian Mobile Congress2020- Bagged contract for SWITCH 1.0 UAVs for approximately US$ 18.27M2022- 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 andExport 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 USAAwards accreditations and recognition :2017- Recognised as Best Product Design Company in the Indian Aerospace & Defence category by India Electronics & Semiconductor Association (“IESA”) at the Deftronics Award 20172018- Received an award for business innovation at the MIF Awards 2018 by the Marico Innovation Foundation2020- Recognised as Top Indian MSME for Patents and Commercialisation at the National Intellectual Property Awards 20202021- Received the National Geospatial Award by Federation of Indian Chambers of Commerce & IndustryRecognised as Best Drone Company by The Associated Chambers of Commerce and Industry of India at the13th International Conference cum Awards – Civil Aviation & Cargo2022- Received the Outstanding Achiever Award by Thane Small Scale Industries Association2023- Received the National Technology Award during the National Technology Week organised by the Department of Science and Technology Government of India- Received the ‘Disruptor’ award at the CNBC-TV18 India Business Leader Awards 2023