India's space technology is handled under the dominance of the Indian Space Research Organisation (ISRO). There are around 500 suppliers (private) and other bodies that come under the Department of space. These are distributed among the commercials, arbitrary and research bodies, separately.
Besides, some private space companies are also listed as the top companies in India. These private organisations have been gaining great profit and participating with more active results throughout.
By a study made in 2019, the Indian space industry contributes up to $7 billion i.e., 2% of the total global space industry. And, these numbers are continuously increasing and could reach up to $50 billion by the year 2024. Around 45,000 people are employed in the Indian space industry.
India has been developing to a great extent in the space sector. India has launched more than 300 satellites for numerous other foreign states. More startups are being inaugurated and they have been proven tremendous in developing their satellite designing, launch vehicles and more.
In this article, we have listed the top space tech companies in India that have been proven extremely active and successful.
Applied Research & Development Laboratories (ARDL)
Xovian
Manastu Space Technology Private Limited
Team Indus
Skyroot Aerospace
FAQ
Applied Research & Development Laboratories (ARDL)
Applied Research & Development Laboratories (ARDL) have been remarkable in creating the most phenomenal technologies for World development. It is one of the top Space tech company in India. As technology has become our partner in everything, ARDL focuses on improving it for the betterment of our lives and pertaining it to our day-to-day activities.
This would build up more productivity and make people more efficient. ARDL drives their attention to more innovative ideas and makes their investment worthy for the new technologies.
Applied Research & Development Laboratories makes new possibilities that are capable of overcoming more challenges that come in the way. ARDL encourages more open-source technologies that focus on creative development and creation. ARDL provides support with strict budgets to the innovative minds, this brings out great results. It empowers bright minds that outline more innovative projects.
Xovian
The Aerospace Company, Xovian is based in the New Delhi pattern that provides very low-cost sustainable solutions development in satellite fabrication. Xovian aerospace company was founded in the year 2011 and incorporated in 2014.
The company holds great decades of experience in satellite technology and the sector. Xovian has also designed an miniature satellite at a very affordable cost keepong Asia-Pacific economy in mind.
Xovian has gone through the roof into the following domains, that are:
- CANSAT
- High altitude balloons
- Sounding rockets
- Satellite components manufacturing
Xovian conducts several educational and research-based activities that promote more bright innovative ideas that work for industrial and educational institutions.
Arbaz Sayed
Manastu Space Technology Private Limited
Manastu Space Technology Private Limited is an Indian private sector company. It is classified under the category of 'company limited by shares.' This company has been registered in Mumbai Registrar Office, Maharashtra.
The company's approved capital stands for up to 1 Lakh rupees and 10.0% of paid-up capital which comes around 1 Lakh rupees. Manastu Space Technology Private Limited is mainly signified in community, company operations, social services & personal business activity. The company has built one of the World's Safest, Most Efficient Green Propulsion System - I-BOOSTER.
Team Indus
Team Indus is widely known for the profitable organisation whose headquarter is situated in Bangalore, India. Rahul Narayan, a Delhi-based IT professional is the founder of this company. Team Indus is led by various technical experts belonging from different technology, science, media and financial fields. Also, they are the lead charge to win the Google Lunar X Prize mission, "Moon 2.0" which was announced in 2007, for India.
This competition highlights the idea of the design to land a robot on the Moon. The basic requirement for the Robot is to travel up to 500 meters on the moon surface and send the overall feedback back to the earth.
Team Indus, the Indian entrant is anticipated to compete among 29 teams that come from around 17 countries and win the grand prize of US$ 20 million and US$5 million of additional prize money.
Yash Gupta
Skyroot Aerospace
Skyroot Aerospace is a very prominent space startup that looks after the rising minds in the global space industry. It promotes low-cost launch solutions to reach space in the minimum time possible. It has been successful in launching three space vehicles,
- Vikram I,
- Vikram II, and
- Vikram III.
These vehicles could carry up to payloads worth 200 kg to 700 kg to low Earth orbit. The company is working on more innovative ideas and looking forward to high-performance solid rocket motor plans.
Skyroot Aerospace is developing more exciting plans every year for new space products. Its headquarter is situated in Hyderabad, Telangana, India. The company has grown into some great developing plans that work out absolutely great. The startup raised funding from the founder of Cure.Fit, Mukesh Bansal and Ankit Nagori who has invested up to millions in this startup.
FAQ
Which is the No 1 space agency?
NASA – the National Aeronautics and Space Administration is the No 1 space agency.
What are the biggest space companies?
Boeing, Lockheed Martin, and Northrop Grumman are the biggest space companies.
Who owns NASA?
NASA is a U.S. government agency.
Conclusion
The space industry in India is developing into some great innovative outgrowth. There are numerous space companies in India that are working for the encouragement of bright minds and ideas. It supports in several ways like financial, designing and many more.
The companies are developing with great outcomes and promoting several development strategies. India's space industries are evolving and anticipated to be participating more actively in the global space industrial cause and development.
This article provides you with the thorough information and description of some top developing space companies and promotes more innovative ideas and brings out a rigid global approach for the Indian space industry.
Author: Pratyusha Srivastava
Source : https://startuptalky.com/top-indian-spacetech-startups/
Date : 2021-05-23T12:30:00.000Z