The Most Trusted Aerospace & Defense Companies to Watch Out 2024 April

www.ciolookindia.com LOOK I N D I A VOL-04 | ISSUE-06 | 2024 Make in India Takes Flight How India's Domes?c Aerospace & Defense Industry is Soaring? A Billion-Dollar Opportunity The Rise of India's Private Sector in Aerospace & Defense Moukthik Kiran Reddy Dharasani, Founder, Director & CEO, UAV TECH Private Limited The Most Trusted Aerospace & Defence Companies to Watch Out 2024 UAV TECH A Rising Star in Future India’s Aerospace and Defence Firmament

The Most Trusted Aerospace & Defence Companies to Watch Out 2024

THE GUARDIANS OF INNOVATION: TOP CONTENDERS IN THE 2024 AEROSPACE DEFENSE LANDSCAPE & T T changing realm of aerospace and defense, a select group of companies are rising to the challenge, earning the trust of governments and the public alike. These are the forerunners we must watch in 2024. he skies above and the landscapes beyond are constantly evolving, demanding innovation and unwavering commitment from the companies that navigate them. In the ever- This trust is built on years of consistent performance, rigorous testing, and a dedication to meeting the highest standards of safety and efficiency. Their track record demonstrates an ability to deliver under pressure and in the most challenging environments. The most trusted companies in aerospace and defense are those that possess a strategic vision for the future. They are not only responding to current market demands but are also anticipating future trends and preparing to meet them. This forward- thinking approach is critical in an industry where technological obsolescence can occur rapidly, and where maintaining a competitive edge requires continuous innovation and adaptation. In the ever-evolving aerospace and defense landscape, certain companies stand out for their commitment to innovation and reliability. These industry leaders are not just focusing on developing cutting-edge technologies but also on ensuring that these advancements contribute to global security and defense strategies. Their ability to integrate artificial intelligence, machine learning, and advanced materials into their products and services is setting new standards for the industry. Editor's Note As we look towards 2024, ‘The Most Trusted Aerospace & Defense Companies to Watch Out 2024,’of CIOLook India are those that combine technological innovation with a commitment to excellence, sustainability, and strategic vision. They are leading the way in shaping the future of these critical industries and are well-positioned to continue their legacy of trust and reliability in an ever- changing global landscape. What sets these companies apart is their unwavering commitment to excellence and trust. They have earned a reputation for delivering high-quality products and services that meet the stringent requirements of defense and aerospace applications. - Gaurav PR Wankhade Managing Editor

P R O F I L E S 22 Contents Realize Your Dream of Becoming a Part of Aerospace and Defense: Soar to New Heights with Felix Pilot Training Ins?tute Cover Story 32 Shivayu Aerospace & Defence Pvt Ltd Ensuring Indian Forces Safeguards Future Security A R T I C L E S 18 A Billion-Dollar Opportunity The Rise of India's Private Sector in Aerospace & Defense 28 Make in India Takes Flight How India's Domes?c Aerospace & Defense Industry is Soaring? UAV TECH A Rising Star in Future India’s Aerospace and Defence Firmament

FOLLOW US ON www.twitter.com/ciolookindia www.facebook.com/ciolookindia/ LOOK The Most Trusted Aerospace & Defence Companies to Watch Out 2024 I N D I A www.ciolookindia.com Abhishek Joshi Editor-in-Chief WE ARE ALSO AVAILABLE ON CONTENT Managing Editor: Gaurav PR Wankhade Assisting Editor : Prajakta Zurale CONTACT US ON Email Company Featuring Brief sales@ciolookindia.com For Subscription DESIGN Gokul Sudarsan, Founder and CEO Felix Pilot Training Institute is a leading aviation training institute in Chennai, India. Felix Pilot Training Institute Visualizer: Sandeep Tikode Art & Design Director: Rashmi Singh Associate Designer : Sameen Arif www.ciolookindia.com GalaxEye Space is indigenously building the first-of-its-kind multi-sensor imaging satellites, providing all-time all-weather information for any point on Earth. Suyash Singh, Co-founder and CEO GalaxEye Space Copyright © 2024 CIOLOOK India, All rights reserved. The content and images used in this magazine should not be reproduced or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior permission from CIOLOOK India. Reprint rights remain solely with CIOLOOK India. SALES Gp Capt Shivayu Aerospace caters to aerospace, defense and aviation industry by providing design solutions, manufacturing and consulting services through state of the art approach. Shivayu Aerospace & Defence Pvt Ltd ER Rajappan (Retd), Managing Director Vice President : Swapnali Vasaikar Asst. Vice President : Tejaswini Whaval Sr. Team Leader : Suraj Gadekar BDE : Geetha Reddy Soaron is dedicated to delivering innovative and groundbreaking products and services in the aerospace sector. Soaron Aerospace Innovations Private Limited Syed Shariq Ahmed, Managing Director Moukthik Kiran Reddy Dharasani, Founder, Director, and CEO TECHNICAL UAV TECH is a Research, Development and Manufacturing Company for Unmanned Aerial Systems. UAV TECH Private Limited Technical Head : Prachi Mokashi Technical Specialist: Rajeshwari Avhad Technical Consultant : Tanaji Fartade sales@ciolookindia.com April, 2024 SME-SMO Research Analyst : Renuka Kulkarni SEO Lead : Nikita Khadalkar Cover Price: Rs.300/-

Cover Story Moukthik Kiran Reddy Dharasani, Founder, Director & CEO, UAV TECH Private Limited UAV TECH A Rising Star in Future India's Aerospace and Defence Firmament By combining customer insights with advanced engineering, we ensure that our products not only meet but exceed expecta?ons, se?ng new standards of excellence in the industry.

T Limited whenever you look up to the stars. 5th Generation Aerial Target (5GAT) he Indian aerospace and defence innovations are flying high in the sky. Keep your eye on UAV TECH Private This innovative Indian startup is rapidly making its mark in the aerospace and defence sector, positioning itself as a company to watch in 2024. Headquartered in Hyderabad, UAV TECH specializes in developing cutting-edge cargo Unmanned Aerial Systems (UAS) and Aerial Target drones. UAV TECH Private Limited, a recognized startup by India's Department of Industrial Policy and Promotion (DIPP), is led by the visionary Moukthik Kiran Reddy Dharasani. The company is at the forefront of innovation in the aerospace, defence industries, and drone sector. Revolutionizing Logistics and Defense UAV TECH's core mission is to develop advanced cargo Unmanned Aerial Systems (UAS) and Aerial Target drones. These solutions are designed to redefine both logistics and defence capabilities. Moukthik emphasizes their commitment to transformative solutions, exemplified by their cargo UAVs designed for delivering emergency supplies to remote locations. UAV TECH's inception was driven by Moukthik's unwavering passion for revolutionizing the aerospace and defence industry. Motivated by a deep-seated desire to pioneer innovative solutions, he embarked on a journey to redefine the boundaries of technological advancement and operational excellence. Unmanned Combat Aerial Vehicle (UCAV) A Vision for the Future of Delivery and Defense Under Moukthik's leadership, team UAV TECH has a clear vision and mission that guide their innovative work. Their vision is to be the leader in fully autonomous cargo Unmanned Aerial Systems (UAS) for global logistics. They don't stop there; their expertise extends to advanced aerial target drone systems, catering to the training and defence needs of militaries worldwide.

The Most Trusted Aerospace & Defence Companies to Watch Out 2024 Moukthik Kiran Reddy Dharasani: A Driving Force in Drone Innovation This translates into a mission to revolutionize two industries: Logistics: UAV TECH envisions a future where same-day delivery becomes the norm, thanks to their efficient and reliable UAV solutions. Moukthik isn't your average CEO. With over 18 years of experience in business processes, operations, and strategic planning, he's a visionary leader with a proven track record and an unwavering commitment to excellence and innovation. As the Founder, Director, and CEO of UAV TECH, Moukthik steers the company's direction, shaping its product and technology roadmap. Defence: They aim to provide advanced, realistic military solutions, propelling the defence industry into a new era of efficiency and innovation. Collaboration and Innovation: The Pillars of Success His leadership is the driving force behind UAV TECH's remarkable success story. With a visionary outlook and an unwavering commitment to excellence, he fosters a culture of empowerment, collaboration, and innovation, inspiring teams to reach new heights of achievement and excellence. At the heart of UAV TECH's meteoric rise lies a steadfast commitment to innovation, excellence, and integrity. Guided by visionary leadership, the company has carved a niche as a trailblazer in the aerospace and defence domain, setting new benchmarks for quality, reliability, and customer satisfaction. Moukthik emphasizes the core values that define UAV TECH: Leading the Charge in Aerial Mobility Under Moukthik's dynamic leadership, UAV TECH has become a major player in aerial mobility (commercial drone applications) and aerial target technology (for military use). He's a catalyst for innovation, driving the development of cutting-edge drone technology for diverse markets. His vision is to push the boundaries of what's possible in Advanced Aerial Mobility (AAM), leveraging technological advancements to meet growing global demands for unmanned aerial systems. Collaboration: They believe diverse perspectives and teamwork are key to achieving extraordinary results. Open communication and mutual support fuel their collective success. Innovation: UAV TECH considers itself a pioneer in UAV technology, constantly pushing the boundaries with a relentless pursuit of innovation. They embrace curiosity, experimentation, and cutting-edge solutions to redefine what's possible in aerial technology. Beyond Success: Pioneering Change in Urban Mobility Moukthik's leadership at UAV TECH goes beyond achieving success. He aspires to pioneer change and embrace innovation in the drone industry, impacting the future of urban aerial mobility. His vision and drive position UAV TECH at the forefront of this exciting technological revolution. Excellence: These values are evident in their commitment to integrity, honesty, and transparency, which lead to benchmarking excellence. “We understand that trust is the foundation of our relationships with clients and partners and within our own team. Upholding the highest ethical standards is paramount in all our endeavours,” states Moukthik. The essence of aerospace and defence lies in bringing innovation and advancements to the niche in which one is working. Ardently believing in it, Moukthik says that UAV TECH is synonymous with innovation, delivering cutting- edge solutions that strike the perfect balance between technological prowess and user-centric design. “By combining customer insights with advanced engineering, we ensure that our products not only meet but exceed expectations, setting new standards of excellence in the industry,” says Moukthik. He adds that amidst the ever-evolving aerospace and defence landscape, UAV TECH remains at the forefront of change, continually pushing the boundaries of what's possible. Through relentless innovation, strategic foresight, and a culture of agility, the company stays ahead of industry trends, anticipating market needs and delivering breakthrough solutions.

Empowering the Industry Further, sustainability lies at the core of UAV TECH's ethos, driving every aspect of its operations. From eco-friendly manufacturing processes to energy- efficient technologies, the company is committed to minimizing its environmental footprint and contributing to a greener, more sustainable future for generations to come. In the realm of Aerospace and Defense, technology plays a pivotal role in enhancing efficiency. That is why technology is the cornerstone of UAV TECH's competitive advantage, empowering the company to stay ahead of the curve in a rapidly evolving digital landscape. By leveraging cutting-edge technologies such as AI, IoT, and machine learning, UAV TECH optimizes its services, enhances operational efficiency, and delivers unparalleled value to its customers. Admired as the resolute leader in the industry, Moukthik offers sage advice: As a leader in India’s aerospace and defence sector, UAV TECH's journey has been punctuated by challenges, each overcome through sheer resilience, determination, and ingenuity. From navigating regulatory hurdles to overcoming technical obstacles, the company has repeatedly demonstrated its ability to turn adversity into opportunity, emerging stronger and more resilient with each trial. “Dream big, think boldly, and never shy away from challenges. Success in the aerospace and defence sector demands courage, perseverance, and an unwavering commitment to excellence. You can achieve greatness beyond measure by staying true to your vision and embracing failure as a stepping stone to success.” Beyond the Drone: Sky is the Future UAV TECH envisions a future defined by innovation, collaboration, and transformative impact. With a relentless focus on pushing the boundaries of technological advancement and driving positive change, the company aims to cement its position as a global leader in the aerospace and defence industry, delivering unparalleled value to its customers and making a lasting impact on the world. UAV TECH UAV TECH goes beyond simply providing unmanned aircraft. “We offer comprehensive solutions, ensuring efficiency, reliability, and cost- effectiveness for businesses,” says Moukthik. Their innovative UAV solutions transcend borders, unlocking new opportunities in the global market.

The Most Trusted Aerospace & Defence Companies to Watch Out 2024

A Billion-Dollar Opportunity The Rise of India's Private Sector in Aerospace & Defense I ndia's aerospace and defense (A&D) sector is witnessing a transformative shift, driven by the increasing participation of private enterprises. This change marks a significant departure from the traditionally state-dominated landscape, opening up vast opportunities for economic growth and technological innovation. (18) (19) April| 2024 April| 2024 www.ciolookindia.com www.ciolookindia.com

The Policy Shift and Private Participation participate in the supply chain. This decentralization of manufacturing hubs is critical for balanced economic development and the creation of a robust industrial base. benefits, but also a stronger, more self-reliant Indian A&D sector, capable of competing on the global stage and safeguarding the nation's security interests. innovation and efficiency. By addressing these challenges, the private sector can play a pivotal role in transforming India into a global A&D powerhouse. Historically, India's A&D sector has been dominated by state-owned entities such as Hindustan Aeronautics Limited (HAL) and Bharat Electronics Limited (BEL). However, the government's "Make in India" initiative and recent policy reforms have paved the way for private companies to enter the fray. These reforms include easing foreign direct investment (FDI) regulations, streamlining procurement processes, and offering financial incentives to encourage private sector involvement. Advancements in Technology and Innovation The future of India's A&D landscape is no longer a question of "if" but "when" the private sector will take center stage. And with the combined efforts of the government and private players, that future is fast approaching. India's A&D sector’s future hinges on continued government support, strategic investments, and fostering a collaborative ecosystem that encourages In essence, the rise of India's private sector in aerospace and defense represents a billion-dollar opportunity that promises significant economic benefits and enhanced strategic capabilities. As these companies continue to innovate and expand, they are set to propel India into a new era of technological leadership and economic prosperity in the global A&D landscape. Private sector involvement is driving technological innovation in India's A&D industry. Companies are investing in cutting-edge research and development to produce advanced systems and platforms, such as unmanned aerial vehicles (UAVs), precision-guided munitions, and next-generation combat vehicles. These innovations are not only enhancing India's defense capabilities but are also positioning the country as a global hub for advanced defense technology. This policy shift has not only enhanced competition but also driven technological advancement and efficiency within the sector. Private companies are now playing a crucial role in manufacturing, research and development, and providing innovative solutions that meet the growing needs of the Indian armed forces. Moreover, the private sector's agility and willingness to embrace new technologies such as artificial intelligence (AI), cybersecurity, and digital manufacturing are accelerating the pace of innovation. This agility is essential for keeping pace with the rapidly evolving global defense landscape and ensuring that India remains competitive on the international stage. The Emergence of Leading Private Players Several private companies have emerged as key players in India's A&D sector, leveraging their expertise and resources to contribute to both domestic and international markets. Companies like Tata Advanced Systems, Mahindra Defence, and Larsen & Toubro have secured significant contracts for supplying critical components and systems, showcasing their capabilities in high-precision engineering and advanced manufacturing. Strengthening Strategic Autonomy The growth of a robust private sector in A&D is crucial for strengthening India's strategic autonomy. By reducing dependence on foreign suppliers for critical defense equipment, India can ensure a more self-reliant defense posture. This autonomy is vital for maintaining national security, particularly in the face of evolving geopolitical threats and the need for rapid response capabilities. These companies are not just suppliers; they are strategic partners, collaborating with global aerospace giants such as Boeing, Airbus, and Lockheed Martin to produce world- class products. This collaboration has positioned Indian firms as reliable partners in the global supply chain, enhancing their credibility and market reach. Challenges and the Way Forward Despite the significant progress, challenges remain. The private sector must navigate complex regulatory environments, secure technology transfers, and scale up production capabilities to meet both domestic and international demands. Furthermore, fostering a culture of innovation and maintaining high-quality standards are essential for sustaining growth and competitiveness. Economic Impact and Job Creation The rise of private players in the A&D sector has had a profound impact on India's economy. The sector is expected to attract billions in investments, which will spur economic growth and create numerous employment opportunities. Defense manufacturing alone has the potential to create millions of jobs, ranging from high-skilled technical roles to positions in support services. A Shared Vision for the Future: The rise of India's private sector in A&D represents a significant shift. With government support, a focus on innovation, and a collaborative approach, private companies are poised to become the engines of India's A&D growth. This billion-dollar opportunity promises not just economic The establishment of defense corridors in states like Tamil Nadu and Uttar Pradesh is further boosting regional economies, fostering local industry development, and encouraging small and medium enterprises (SMEs) to (20) (21) April| 2024 April| 2024 www.ciolookindia.com www.ciolookindia.com

The Most Trusted Aerospace & Defense Companies to Watch Out 2024 Realize Your Dream of Becoming a Part of Aerospace and Defense Aerospace and Defense Soar to New Heights with Felix Pilot Training Institute elix Pilot Training Institute is a leading name in F a comprehensive curriculum, experienced instructors, advanced technology, and virtual and physical training facilities, Felix equips aspiring aviators with the skills and knowledge they need to take flight in their careers. Gokul Sudarsan Founder and CEO of Felix Group of Institutions many aspirants for the middle and lower middle class. Since our inception in 2017, we have trained hundreds of pilots. Most of them are successfully working across the country. Thus, we are creating opportunities for all students, irrespective of their financial background. If you have passion, then you can become a pilot. That is our belief. pilot training, known for its exceptional programs and commitment to student success. With a focus on Felix Pilot Training Institute has emerged as one of India's best Aerospace and Defense enterprises. Could you share the guiding philosophy that has propelled your organization's success? In an exclusive interview with CIOLook India, Gokul Sudarsan, the Founder and CEO of the Felix Group of Institutions, spoke in detail about their journey, achievements, and plans. The highlights of that candid discussion are given herein. We started the institute on a very small scale. Today, it has emerged as a large organization in the city. Our motivation is to clear people’s perceptions. This is because most aspirants are unaware of the facts about becoming a pilot. Many think that they need to complete engineering. They need to join aeronautical aerospace courses and all that. However, as far as Indian students are concerned, as per GOI’s guidelines, you must be admitted to a government- approved training centre and acquire a successful training completion certificate to complete pilot training. That is enough. Thus, our approach is to spread this awareness to all the students. They must know that knowing the 12-sided index is to begin that pilot's training. It is our guiding philosophy. Until now, we have targeted all those enthusi- asts who were unaware of this fact and trained them well. As a trailblazer in the Aerospace and Defense world, could you take us back to the beginning of your journey? What motivated you to step into your field? I started my aviation career as a flight dispatcher in one of the leading airlines in India. At that time, I learned about job availability. Opportunities available in aviation where I can apply. For a short while, I worked in aviation. I did my job for a few years. Then, I established this business. The pilot training business is one of the most important aviation trending businesses. As we know, many middle-class people use aircraft for their travel routine. It made me to open this institute in Chennai, South India. I'm from South India. Many training academies are available to aspirants in North India, mostly in Delhi. The Aerospace and Defense landscape is continually evolving. How do you remain adaptable and ahead of industry trends, providing innovative solutions to your students? To level the playing field, I founded Felix Pilot Training Institute for all South Indian aspirants. Earlier, before the establishment of Felix, many people had a negative perception that only rich aspirants could become pilots. To change it, we started the academy. I come from a middle- class background. That’s my inspiration. Today, we train As far as our services are concerned, we are providing specialized solutions. The first one is pilot training abroad. (22) April| 2024 April| 2024 www.ciolookindia.com www.ciolookindia.com

The second one is ground classes for conversion. That means those who have completed their first stage abroad can convert their license here. We are also offering other aviation-related courses like flight dispatcher, cabin crew, and ground staff for people who want to work inside airports. It's not like that. Someone has the dough, so they will automatically become a pilot. Our institute has a strict admissions policy. We do aptitude tests, personal inter- views, and technical rounds. In the final round, we will talk to the parents, explaining to them the financial requirements over the duration of the training. Only if it is manageable for them will we proceed. Further, we motivate them to work in their comfort and convenience. Due to this policy, I’m happy to say that for the last eight years, we have had zero attrition. Everyone has been with us from the beginning. It is a factor of pride and success that we are a family. As a leader in India's corporate sector, your company has likely faced its share of challenges. Could you share an instance where your team's resilience and ingenuity triumphed over adversity? Further, the duration of these courses varies. Pilot training will take up to two years. These other courses will take three to six months. Thus, we remain updated about the industry requirements and design our courses accordingly. It helps us in delivering the best to our students. Our selling point is our conversion rate. I mean, the ratio between the number of students we train and the number of students who become pilots is 80%, a very high success rate in the industry. It means eight out of ten of our candidates will become professional pilots. We are always honest about this with the aspirants and their parents. Challenges are part and parcel of every industry. Ours is no different. However, the difference comes in how you deal with those challenges. Initially, the challenges were different. We had to constantly keep increasing awareness among the aspiring candidates, bringing them into the institute and effectively training them. Today, that challenge is no more. Digital media has helped us create a strong brand name. Also, our past trained pilots have worked in many big companies. They are our brand ambassadors. Your leadership style is often recognized as an empowering force behind Felix's achievements. Could you shed light on your approach to leadership and team building within the organization? In the realm of Aerospace and Defense, technology plays a pivotal role in enhancing efficiency. How does Felix leverage technology to optimize its services and stay ahead in a digital age? My approach to leadership is straightforward. As I said, in 2017, I started my company alone and faced all the problems single-handedly. It was an initial phase because I wanted to learn much before hiring only the right people and the right people. From then to today, we have a team of 15. That means I've been running the same team over the last eight years. Since no one knew what an online class was, especially in pilot training before COVID-19, we fully embraced digital learning and online courses only during the pandemic. However, let me say this. Digital is the way ahead. Our current challenge is competition. Many institutes sprung up suddenly in the post-COVID-19 scenario. Yet, our team has been handling them professionally and proficiently. Whatever they do, they never compromise on our values and qualities of ethics, honesty, transparency, and professionalism. high success rate in the industry. ‘‘‘‘ Today, we are completely paperless. We have incorporated software from Ireland, South Africa, and other advanced countries. We also provide virtual classes and physical training so that our students will be fully prepared. I'm working with the same professionals with whom I started in 2017. For the sake of it or the other official things, I'm using the title of CEO, Director, and Founder. However, I have always been one of my team’s equal members. That's all. So this motivates me to work as a leader, and I will engage my staff to do the same. Everyone is at the same level. It's not about their manager or someone else; I'm the CEO. It's not like that, and it won’t be like that ever. We do hire outside trainers. However, we always work like a professional family. Due to this, we have students from Dubai, Ukraine, Russia, China, and Australia. We offer online classes for them, but the people within India can come in daily. Online courses are okay, but offline classes are preferable and a prerequisite to becoming a fully trained pilot. The workforce is the cornerstone of any successful organization. How does Felix foster a culture of growth, skill development, and empowerment among its employees? Our selling point is our conversion rate – the number of students we train and the number of students who become pilots; the ratio is 80%, a very The essence of aerospace and defense lies in bringing innovation and advancements to the niche in which one is working. How does your enterprise strike a balance between customer expectations and user experience? In the present situation, we can hire the staff easily. However, we must maintain their standards. People will come and go easily. Yet, it's a very big task to employ new ones again, train them, and effectively put them in the same positions. To avoid this, we have developed an employee- friendly culture at every level of the organization. We are giving them achievable targets but not pressuring them unnecessarily. We will work with them together, and if they're facing any issues, we will go and solve everything. Since our inception, we have operated on a small scale. Now, we are shifting to a medium scale. Our expected crowd is around 50 students every year. Because not all students will become pilots, though they're going to spend much, some people have the money but not the requisite attitude, temperament, and willpower to see it through. Some will have all these traits but not the money. Thus, we need to be very honest upfront when selecting candidates. (24) (25) April| 2024 April| 2024 www.ciolookindia.com www.ciolookindia.com

Stating an exact example will seem unprofessional. There were many instances when competitors tried to play in a not-so-right way. However, our team showed the highest resolve, patience, and ingenuity to deal with them successfully. You are admired as a resolute leader in the industry. What is your advice to entrepreneurial aspirants wishing to enter your sector? The industry is open to everyone. For example, tomorrow, my students can also start a company and open an office in front of my office. Having said that, as an entrepreneur and as a businessman, I accept there are lots of things. All the youths who dream of starting a startup in aviation must understand the concepts and then start a company. Don't do this without passion. Passion is very important. Maintain professional ethics along your journey because there are many ways to get the money. Don't involve aviation in that category. Aviation is different. Aviation is for everyone. Aviation is for all the people. Looking to the future, what is your vision for Felix Pilot Training Institute? How do you aspire to continue making a significant impact on India's Aerospace and Defense landscape? With people's and students ' support, we are reaching our ten-year mark in the next two years. We will launch some unique pilot training programs, which no one in the world offers. We are coming with a pilot integrated degree program because, as you know, people can complete both pilot training and a degree together. We have tie-ups with many flight schools worldwide and are developing many current programs to secure our students’ future. These are our plans. (26) April| 2024 www.ciolookindia.com

or decades, India's aerospace and defense (A&D) F launched in 2015, has ignited a domestic A&D revolution, propelling India towards self-sufficiency and global competitiveness. Make in India Takes Flight (DPEPP) aims to achieve a turnover of $25 billion, including exports worth $5 billion in aerospace and defense goods and services by 2025. sector relied heavily on foreign imports. However, the tides are turning. The "Make in India" initiative, How India's Domestic Aerospace & Defense Industry is Soaring? Public-Private Partnerships A key driver of growth has been the collaboration between public and private sectors. State-owned entities like Hindustan Aeronautics Limited (HAL) and Bharat Electronics Limited (BEL) have partnered with private companies to develop advanced technologies and systems. This synergy has resulted in the production of indigenous platforms like the Tejas Light Combat Aircraft and the Akash Surface-to-Air Missile System. India's "Make in India" initiative has profoundly impacted its aerospace and defense sectors, driving significant growth and innovation. This ambitious campaign aims to transform India into a global manufacturing hub and reduce dependence on imports, fostering self-reliance and boosting economic development. The Growth Trajectory Private companies, such as Tata Advanced Systems and Mahindra Defence, have also played crucial roles in manufacturing and supplying critical components for global aerospace giants like Boeing and Airbus. These collaborations have not only enhanced India's manufacturing capabilities but also placed it on the global map as a reliable supplier. Over the past decade, India's aerospace and defense industries have seen unprecedented growth. With a burgeoning economy and strategic geographic location, India has become a key player in the global defense market. The domestic aerospace sector, once dominated by state- owned enterprises, now boasts a thriving ecosystem of private players contributing to both civil and military aviation. Indigenous Technological Advancements Government Policies and Incentives The emphasis on "Make in India" has spurred significant technological advancements. Indian companies are investing heavily in research and development to produce cutting-edge technologies domestically. This shift is evident in the development of the Advanced Medium Combat Aircraft (AMCA) and the Light Utility Helicopter (LUH), showcasing India's growing capabilities in designing and manufacturing sophisticated defense equipment. The Indian government has played a pivotal role in this transformation through policy support and incentives. The introduction of the Defense Procurement Policy (DPP) has streamlined procurement processes, promoting indigenous production and reducing bureaucratic delays. Additionally, the Defense Production and Export Promotion Policy (28) (29) April| 2024 April| 2024 www.ciolookindia.com www.ciolookindia.com

Boosting Employment and Skill Development Strategic Independence: Reduced reliance on foreign imports strengthens national security. Indigenous production ensures a steady supply of critical equipment and reduces vulnerability to geopolitical pressures. Technological Advancement: "Make in India" incentivizes research and development within the domestic sector. This fosters innovation, leading to cutting-edge technologies and propelling India to the forefront of the A&D landscape. • SUBSCRIBE TODAY The aerospace and defense sectors have also become significant sources of employment, with the potential to create millions of jobs. The establishment of defense corridors in Tamil Nadu and Uttar Pradesh is expected to further boost employment opportunities and stimulate regional economic development. Moreover, initiatives like the Skill India program are training a new generation of engineers and technicians, ensuring a steady supply of skilled labor for the industry. • Partnerships Propelling Progress Enhancing Export Potential The success of "Make in India" relies heavily on strategic partnerships. The government actively encourages foreign collaboration with Indian companies. This allows for knowledge transfer, skill development, and access to advanced technologies, accelerating domestic A&D capabilities. India's commitment to building a self-reliant defense industry has also positioned it as an emerging defense exporter. The government's push for defense exports, combined with competitive pricing and quality, has opened new markets for Indian defense products. Examples of Soaring Success Countries in Africa, Southeast Asia, and the Middle East are increasingly looking to India for cost-effective defense solutions. Several success stories exemplify the positive impact of "Make in India." Hindustan Aeronautics Limited (HAL), a public sector undertaking, is now manufacturing the Tejas Light Combat Aircraft and the Advanced Light Helicopter (ALH) Dhruv indigenously. Additionally, private companies like Larsen & Toubro are actively contributing to the production of critical defense equipment. Strengthening National Security The development of a robust domestic aerospace and defense industry is crucial for India's national security. Reducing dependence on foreign suppliers for critical defense equipment enhances strategic autonomy and ensures that the nation can respond effectively to security challenges. Indigenous production also allows for better control over technology and maintenance, ensuring the readiness and reliability of defense systems. Challenges and the Road Ahead Despite its impressive progress, the Indian A&D industry still faces challenges. Streamlining bureaucratic processes, attracting foreign investment, and fostering a robust supply chain are crucial areas for further development. However, the unwavering commitment to "Make in India" signifies the government's resolve to overcome these hurdles. The Catalyst for Change The "Make in India" program has instilled a new sense of purpose within the Indian A&D industry. It prioritizes fostering domestic manufacturing capabilities, reducing dependence on foreign imports, and creating a robust ecosystem for indigenous A&D solutions. This initiative offers a multitude of benefits: A Future Filled with Possibility Stay in the known. Subscribe to CIOLOOKINDIA CIOLOOKINDIA Magazine www.ciolookindia.com The Indian A&D sector is experiencing a period of remarkable transformation. Fueled by the "Make in India" initiative, the industry is rapidly gaining momentum, aiming for self-reliance and a prominent position on the global stage. With continued government support, strategic partnerships, and a focus on innovation, India's A&D industry is poised to soar even higher in the years to come. Get in print and digital on Economic Growth: "Make in India" stimulates job creation and promotes technology transfer. Local manufacturing boosts the economy, generates skilled labor, and fosters innovation within the A&D sector. • LOOK I N D I A (30) (30) April| 2024 www.ciolookindia.com www.ciolookindia.com

The Most Trusted Aerospace & Defense Companies to Watch Out 2024 “ Shivayu Aerospace & Defence Pvt Ltd Ensuring Indian Forces Safeguards Future Security We are a team of highly acclaimed and experienced people, including aviation, aerospace, and defence experts with more than three decades of experience in the Indian Air Force, United Nations, and Centre for Air Power Studies. T interviewed Gp Capt ER Rajappan (Retd), the Managing Director. o find out why Shivayu Aerospace & Defence Pvt Ltd is one of The Most Trusted Aerospace & Defense Companies to Watch Out in 2024, we doors, etc. We are a team of highly acclaimed and experienced aviation, aerospace, and defence experts with more than three decades of experience in the Indian Air Force, United Nations, and Centre for Air Power Studies. “ My stint in the Centre for Air Power Studies exposed me to the state-of-the-art aerospace and defence equipment being used by the Armed Forces of the developed nations and how innovative tactics enabled some developing countries like India to pit against some of the highly developed nations like the USA, with 4 and 4.5 generation military hardware. I have painstakingly carried out a gap analysis and realised that India has the capability and the where- withal to design and manufacture cutting-edge weapons and delivery platforms for the Indian Armed Forces by integrat- ing the infrastructure of the Indian defence industries – both public and private as well as the academia. Gp Capt ER Rajappan (Retd) is an Aerospace, Aviation and Defence expert. He was also on the Centre for Air Power Studies faculty in New Delhi, India’s only think tank developing new tactics and strategies for air and space warfare. His deep knowledge of aerial and aerospace warfare enables him to design cost-effective state-of-the-art defence equipment and their sub-systems. Shivayu Aero- space has already produced many parts for satellites, radar, battle tanks, naval ships, etc. The company wants to expand its product base for all three services in the coming years. Gp Capt ER Rajappan (Retd), Managing Director Shivayu Aerospace & Defence Pvt Ltd Shivayu Aerospace is fully aware of the emerging trends in designing and manufacturing future military hardware and aerial platforms. Our design team is already developing autonomous drones for the Indian Armed Forces and battery-powered short-haul air mobility platforms for intra- city and intercity travel. Being an experienced leader, share your opinion on how adopting modern technologies like AI&ML impacts today’s defence sector and how your company adapts to the change. Shivayu Aerospace is just one and a half years old. The company's main product is Pawl Assembly for a major aircraft OEM in the USA. It also manufactures high- precision parts for satellite communication, defence, and food equipment. Shivayu is known for its quality and on- time delivery. GP Capt ER Rajappan is often invited to deliver talks on “Aerospace & Defence as well as Aviation” at national and international seminars for innovative products and solutions. Much of the equipment of the Indian Armed Forces is foreign-made and old; therefore, getting the spare parts for keeping this equipment in operational condition has become very difficult as the original equipment manufacturers (OEMs) have started manufacturing advanced versions of these types of equipment. Therefore, the vintage equipment of the Armed Forces must be kept operational through indigenization. We see this as a great opportunity for the design and manufacturing of parts of legacy equipment of the Indian Armed Forces. Shivayu Aerospace, in collaboration with its cluster partners, can design and manufacture many types of high-precision mechanical, electrical, hydraulic and pneumatic assemblies for the vintage fleet of the Army, Navy and Air Force and thereby enhance the operational preparedness of the services. In the future, the outcome of the wars will be based more on Beyond Visual Range (BVR) weapons and AI-embedded weapon delivery platforms. Tomorrow’s military hardware will do what comes naturally to humans through the application of Machine Learning. Considering the current industry scenario, what challenges do you face, and how do you drive your company to overcome them? The highlights of that discussion with Gp Capt ER Rajappan are given herein. As a fallout of the pandemic, there has been stagnation in the aerospace sector in India and worldwide. In contrast, the defence sector is booming because of the shift in the policy of GOI – to design and manufacture all military hardware indigenously. Designing and manufacturing state-of-the-art defence equipment and parts is daunting due to the non- availability of technology and funding. Design and development of niche technology defence equipment and weapons is highly capital intensive and has a long gestation period to make the business break even. Hence, we are partnering with other aerospace and defence companies to develop aerospace and defence equipment in pursuit of Atma Nirbhar Bharat. In the 20th century, wars were mostly decided by “the man behind the machine,” but in the 21st century’s swift and localized warfare, AI&ML-based weapons will hold sway. Please brief our audience about Shivayu Aerospace, its USPs, and your position as one of the most trusted Aerospace and Defense solution providers. The Armed Forces of developed countries have developed and operationalised AI&ML-based weapons and delivery platforms. Besides autonomous aircraft, helicopters, and tanks, humanoid soldiers will dot the future battlefield. Therefore, the Indian Armed Forces must adopt AI&ML- based weapons and weapon delivery platforms to fight future wars. The war strategies and tactics must be revamped to be relevant and effective on the battlefield. Shivayu is the second aerospace and defence start-up I established in pursuit of India’s efforts to design and manufacture aerospace and defence equipment and parts under Make in India and to enhance the country’s capacity to make parts for aircraft, satellites, radar, missiles, airborne and early warning control systems, battle tanks, naval ship In the past, we have significantly contributed to the indigenization of parts of satellites, battle tanks, radars, naval ships, etc. In the coming years, we plan to design and manufacture battery-powered advanced air mobility platforms—both rotary and fixed-wing—and complex mechanical assemblies of aircraft and defence equipment. (32) (33) April| 2024 April| 2024 www.ciolookindia.com www.ciolookindia.com

What would you advise budding professionals aspiring to venture into the aerospace and defence solutions sector? How do you envision scaling Shivayu’s operations and offerings in the future? Presently, Shivayu Aerospace's revenue comes from contract manufacturing of aerospace and defence components. In the coming years, we will focus on the design and manufacturing of aerospace and defence equipment and parts, for which the design and manufacturing infrastructure is being enhanced through organic growth and debt funding. Our company's future offerings are battery-powered short- haul air mobility platforms, both rotary and fixed-wing. Indian Aerospace and Defence sectors are poised for rapid growth in the coming years. Engineers with deep knowledge of Industry 4.0 and AI&ML have an edge over others in seizing business opportunities in the aerospace and defence industry. Anyone interested in becoming an entrepreneur to manufacture aerospace and defence equipment or parts must learn about the new manufacturing process, the latest software, global quality standards and the market in India and abroad. Various financial incentive schemes by the government of India could be availed of by aerospace and defence entrepreneurs for part funding. Working as an internee in well-established aerospace and defence companies, both public and private, for at least three months would enable them to understand the nuances of running aerospace and defence companies. In addition, they should take the services of business consultants to plan a sustainable and scalable business model. For more information, please visit http://www.shivayuaerospace.com/, call 080 – 42179270, +91953880414/+ 917483076819, or visit the HQ at Building No. C-2/B KSSIDC Industrial Area, Yelahanka, Bangalore, 560064 Karnataka, India. (34) April| 2024 www.ciolookindia.com

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The Most Trusted Aerospace & Defense Companies to Watch Out 2024 April

The Most Trusted Aerospace & Defense Companies to Watch Out 2024 April

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