Singapore’s Thakral Group to Manufacture Drone Components in India
Singapore’s Thakral Corporation would commence in-house manufacturing of drone components in May, because of the market's growth potential of USD 11 billion by the end of this decade, up from USD 500 million in 2024. To expand in the enterprise drone space and meet rising demand for industrial and commercial drones, it is exploring the manufacturing of enterprise-grade and specialized drones in India. The Group said it can capture growth in the agricultural drone segment through Bharat Skytech, one of its subsidiaries, which manufactures and supplies drone components to domestic producers. Thakral has a tie-up with the DJI Group With expansion in mind, Thakral plans to open 20-30 DJI retail stores across India and other South Asian nations in the next 2-3 years, including flagship stores in major cities, starting in 1H2026. The group is capitalizing on India’s drone ecosystem and cited an industry report projecting the country’s drone market to grow from USD 500 million in FY2024 to USD 11 billion by FY2030. Being the official distributor of Nespresso in India, the company continues to expand the brand’s presence by opening its second boutique at Ambience Mall, Gurugram, in March 2026. Other boutiques and pop-up stores are planned for Mumbai and Bengaluru later this year. These initiatives will further strengthen brand reach and drive revenue growth, said Thakral. Thakral is also driving long-term growth with real estate and healthcare in India The Group has been involved in a 21-acre mixed-use healthcare-led development site in Gurugram, part of the National Capital Region, since 2024. The site, with more than 2.5 million sq. ft. of development potential, will include a hospital, a health and wellness centre, and residential components. Through this initiative, it will establish a mix of recurring income and development revenue. The Group was in advanced discussions with a Tier 1 hospital operator and residential development partners to mitigate operational risks and manage project costs. Considering the scale of the project and its location in a high-growth corridor in the NCR, the Group saw long-term value-creation potential as development progressed. Thakral reported unaudited results for the year ended Dec 31, 2025. Revenue rose 42% year-on-year to SGD 411.3 million, and net profit increased fivefold to an all-time high of SGD 170.9 million. Source: The Tribune
