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About Ashok Atluri

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Latest Ashok Atluri News

Zen Technologies bags Rs 155 cr anti-drone system contract from IAF

Sep 3, 2021

Zen Technologies bags Rs 155 cr anti-drone system contract from IAF Zen Technologies bags Rs 155 cr anti-drone system contract from IAF Commenting on the order win, Ashok Atluri, Chairman, Managing Director & CFO said the order is a significant step towards making India a drone and counter-drone technology export hub Zen Technologies added that it emerged as the lead runner on the back of superior product quality at competitive pricing BusinessToday.In Updated Sep 03, 2021, 11:38 AM IST Hyderabad-based Zen Technologies announced on Friday that it has secured a Rs 155 crore order from the Indian Air Force (IAF) for the supply of counter unmanned aircraft systems (CUAS). Although the details of the order were not divulged, the company stated that it would carry out the order in a 12-month time frame. Zen Technologies added that it emerged as the lead runner "on the back of superior product quality at competitive pricing. "  This is the company's first major order in the anti-drone space. The defence training solutions provider remains confident of bagging additional orders in the future. Commenting on the order win, Ashok Atluri, Chairman, Managing Director & CFO said the order is a significant step towards making India a drone and counter-drone technology export hub. "These orders placed on Indian companies can have a multiplier effect on the Indian equipment manufacturers eco-system because products like anti-drone systems have a high export potential to friendly foreign countries. Anti-drone systems and training solutions are in high demand in many countries," he said in a statement.

Ashok Atluri Investments

1 Investments

Ashok Atluri has made 1 investments. Their latest investment was in Aarav Unmanned Systems as part of their Seed VC on February 2, 2016.

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Ashok Atluri Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/23/2016

Seed VC

Aarav Unmanned Systems

Yes

2

Date

2/23/2016

Round

Seed VC

Company

Aarav Unmanned Systems

Amount

New?

Yes

Co-Investors

Sources

2

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