Diversified firm RattanIndia Enterprises has acquired a 60 percent stake in drone company Throttle Aerospace Systems Pvt Ltd (TAS) in an undisclosed amount. The investment in TAS has been done through NeoSky India Ltd, a wholly-owned subsidiary.
The acquisition will enable NeoSky to provide full 360-degree drone solutions to customers such as drones as a product (DAAP - drone hardware), drone as a service (DAAS - drone service solutions) and software as a service (SAAS- drone softwares).
TAS has been approved by Directorate General Civil Aviation and Ministry of Defence to manufacture civil and military grade drones, led by Nagendran Kandasamy, an ex-Boeing, aeronautical industry veteran.
RattanIndia Enterprises Business Chairperson Anjali Rattan Nashier said, “We at NeoSky want drones to solve some of the biggest challenges faced by consumers and enterprises in their daily lives.” He further said that the country has shown that it adopts technology very rapidly as compared to other parts of the world.
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