Bharat Skytech expects US$631.4 revenue from agri-drone market
Singapore-listed Thakral Corporation Ltd said on Thursday (Nov 6) that it will set up 20-30 stores for marketing DJI drones and related accessories across India and other South Asian countries over the next 2-3 years, including flagship stores in major cities from Q1 2026.
Thakral is the exclusive distributor in seven South Asian countries for China-based DJI, which is the largest drone manufacturer in the world.
Thakral has projected US$631.4 million projected revenue from agriculture drone market in India by 2030 for Bharat Skytech which is expected to grow at 28.1 per cent CAGR between 2025 and 2030, covering 382 acres of arable land in India, the second largest in the world.
The wholly-owned subsidiary, is expected to commence bulk production of drones in the first quarter of FY2026, Thakral said in the Q32025 report, giving an update on business developments.
Bharat Skytech is to manufacture drone components like Li-PO battery, charger, remote transmitter, drone plastic tanks & other components for agriculture and payload drones.
The group said its 23 per cent-owned subsidiary Skylark Drones is exploring opportunities to manufacture enterprise-grade and other drones in India. A leading Indian technology company specializing in drone-powered data driven solutions, Skylark provides end-to-end AI enabled drone SaaS solutions to enterprises across industries.
The Singapore-based Thakral is also building partnerships with renowned hospitality brands such as Conrad, Fairmont, and JW Marriott in India.
It has secured official distribution rights for all Nespresso products, with online, B2B, and retail boutique channels. Two to three per year additional boutiques/pop-ups are planned to be opened, aiming for profitability in two years from Nespresso in India.
Thakral announced unaudited updates for the 3 months (3Q2025) and 9 months ended 30 September 2025 (9M2025). 3Q2025 revenue rose 52% year-on-year to SGD115.9 million, and net profit attributable to shareholders amounted to SGD19.5 million, up 382 per cent on the year.
For 9 months, revenue was SGD276.41 million, up 35 per cent, and net attributable profit surged 767 per cent on the year to SGD128.85 million.
Listed on the SGX Mainboard since December 1995, the Group’s core business comprises a growing investment portfolio and businesses in Australia, Japan, India, South Asia and Singapore. Fiinews.com
