Hyderabad: Magellanic Cloud Unveils Agriculture and Logistics Drones
Hyderabad: Hyderabad-based Magellanic Cloud, which is engaged in IT solutions, e-surveillance and drones manufacturing and allied services, on Wednesday unveiled its agriculture and logistics drones in various capacities.
The logistics drones have operational ranges from 5km to 60km and can carry cargo payloads between 2 to 100 kgs. Its logistics drones are fully autonomous and can execute complex logistics missions. The agri spraying drones come in several sizes and allow farmers to cover their fields more efficiently, effectively and safely.
“In the past year, we have made acquisitions, including iVIS International Private Limited, Provigil Surveillance Limited, and Scandron Private Limited. These acquisitions have allowed us to become leaders in the video based e-surveillance and drone segments. Our expertise in e-surveillance systems, combined with our delivery and surveillance drones, will allow us to expand into sectors such as defence, agriculture, pharma, e-commerce, real estate, and retail. We have already completed Stage 2 testing in the heavy-duty logistics drone segment and are ready to demonstrate our capabilities for defence needs as well,” said Sudheer Reddy Thumma, chief executive officer, Magellanic Cloud.
“In the coming years, we expect significant growth in the drone segment, especially with the implementation of government initiatives like the National Logistics Policy (NLP) and Kisan Drone Shakti. We started receiving enquiries for drones,” said Sanjay Chauhan, company chief financial officer.
Magellanic Cloud also announced its annual results on Wednesday. Its consolidated revenue increased 37.2 per cent to Rs 387.5 crore from Rs 282.7 crores in FY22. Its profit increased by 151.6 per cent to Rs 74.1 crores in FY 23 from Rs 29.4 crore in FY 22.
