SINGAPORE (27 February 2026) — Singapore-listed Thakral Corporation Ltd has announced it will commence the in-house manufacturing of drone components in May 2026. The strategic move aims to capitalise on the rapid expansion of the Indian drone market, which is projected to surge from 500 million US dollars in 2024 to 11 billion US dollars by 2030. In its latest financial report, the Group detailed plans to produce enterprise-grade and specialised drones within India to meet growing industrial and commercial demand.
Strategic Shift to Full-Stack Manufacturing
The Group’s transition into manufacturing marks an evolution from its established role as a major distributor. Through its subsidiary, Bharat Skytech, Thakral is positioning itself as a primary supplier for the “Make in India” ecosystem.
Key components slated for production in May include:
- Lithium-Polymer (Li-Po) Batteries: High-capacity power units tailored for long-endurance flight.
- Specialised Chargers and Power Management Systems: Advanced electronics to support industrial usage.
- Propulsion and Structural Components: Including drone plastic tanks and remote transmitters.
Expanding Retail and Software Footprint
To complement its manufacturing push, Thakral is launching an aggressive retail expansion. The Group plans to open 20 to 30 DJI retail stores across India and South Asia over the next three years, with flagship locations debuting in major Indian cities in the first half of 2026.
Additionally, Thakral has increased its stake in Bengaluru-based Skylark Drones to 23 percent. This partnership will facilitate the launch of advanced AI-enabled SaaS (Software as a Service) solutions, providing enterprise customers in mining, infrastructure, and agriculture with data-driven aerial intelligence.
Diversified Growth in India
Beyond the drone sector, Thakral’s financial report highlighted several other “New Economy” ventures currently scaling in India:
- Healthcare and Real Estate: A 21-acre mixed-use development in Gurugram, featuring a hospital and wellness facilities, is currently underway.
- Premium Retail: As the official distributor of Nespresso, the Group is set to open its second flagship boutique at Ambience Mall, Gurugram, in March 2026, with further expansions planned for Mumbai and Bengaluru later this year.
“Through these initiatives, the Group will be well positioned to capitalise on opportunities in this underserved market,” Thakral stated, noting that the enterprise drone space remains a key pillar for its medium-term revenue growth.
Sources
- Thakral Corporation Ltd: FY2025 Financial Results & Press Release (27 February 2026)
- Business Standard: “Singapore’s Thakral to manufacture drone components in India from May” (27 February 2026)
- Devdiscourse: “Thakral Corporation Enters Drone Manufacturing Market” (27 February 2026)
- Fiinews: “Thakral to set up 20-30 drone stores pan-India” (November 2025)
The Evolution of Thakral Corporation This video provides a deep dive into how Thakral Corporation has transformed from a traditional electronics distributor into a diversified investment platform with a significant focus on South Asian technology sectors.
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