Through its subsidiary, Coromandel Technology Limited, it will now hold 58.01% of Dhaksha's shares, up from 51.02%. This move aims to fuel Dhaksha's R&D efforts, meet large order demands, and bolster working capital. Founded in 2019, Dhaksha specializes in drones for agriculture, defence, and enterprises, with recent expansions in production capacity. Coromandel's investment underscores its commitment to tech diversification and fostering innovation in drones. This investment aligns with a broader trend of emerging drone startups in India, driven by government initiatives. With the Indian drone market projected to soar to $13 Bn by 2030, such investments signify a promising future for drone technology in the country