Hello! I am currently based in Ahmedabad and would like to join the WhatsApp group. Could you please add me? Thank you!

IMO founder is the biggest positive as well as the biggest risk for the company. It takes extreme believe and courage to build a 2-wheeler company from scratch, and then go on to capture 38% of the growing market within couple of years is just unbelievable! Kuddos to Bhavish Aggarwal(BA).

Risks:

• How BA treated investors and employees at his previous company – Although Ola Cabs fought well with Uber in India, company is still struggling to make profits and losing market share to its newer competitor(I don’t have enough data on it, just intuition). Ola cabs raised billions of $ and BA moved on to build another company without existing investors/employees getting any significant returns of their investments/ESOPs. I don’t think BA has any regards for investors.

• Too many companies – BA has founded too many companies(Ola Cabs, Ola Electric, Food delivery, Grocery Delivery, Ola Maps, Krutrim AI, Krutrim Cloud, Ola financial, etc), and most of these needs extreme R&D / operational excellence. It’s baffling to even think how someone will focus on so many diverse areas where there are already established players.

• Attrition rate – For high R&D companies, employees staying at the company for a long-term becomes instrumental to the company’s success. I have heard from a source (someone related to an Ola Electric’s employee) that company is spending a lot on employees and their trainings. But with ~50% attrition rate, it won’t be a moat. Attrition rate was very high even in Ola Cabs – and that doesn’t give me any comfort on why it will improve in the future. This seems like a culture issue to me.

In the below tracker, I have started tracking important company goals for Sanjivani. These goals are referred to as ‘monitorables’ in the tracker.I will update this document regularly to reflect the current status of these goals.

Here’s a snapshot of what the tracker includes:

• Company Ticker: For identifying the company
• Monitorable Description: Description of the goal or metric being tracked
• Date of Announcement: When the monitorable was announced
• Deadline: Target date for achieving the monitorable
• Status: Current progress (e.g., Not Fulfilled, Pending)
• Verification Link: A link to see where I got the information about the goal.

I hope this information makes it easier to observe how well companies are progressing towards their stated goals.

Screenshot of the tracker below:

Full tracker attached below:
Tracking Company Monitorables-28.xlsx (144.8 KB)

Post Script: DM if you want me to track the monitorables for any specific company.

Listed Drone companies in India

1. Ideaforge Technology Ltd
   The company manufactures Unmanned Aircraft Vehicles for Mapping, Security & Surveillance. These drones are capable of a wide range of mining area planning, and mapping applications.

2. Paras Defence and Space Technologies Ltd
   Company thorough subsidiary, Paras Aerospace has established competencies in a wide range of drone technologies and solutions. It offers holistic solutions including drone manufacturing, management (perimeter surveillance, warehouse inspection, drone safety systems using patented parachute deployment system) and services (agriculture, industrial infrastructure, GIS and engineering and training.

3. Drone Destination Ltd
   India’s largest Drone Pilot Training, and leading Drone-as-a-Service (DAAS) company, along with its sister concern, Hubblefly Technologies, a DGCA-approved manufacturer, has developed an integrated drone eco-system built around drone manufacturing, certified training, and drone as a service.

4. Droneacharya Aerial Innovations Ltd
   Droneacharya Aerial Innovations Ltd provides Drone operation training, supply & maintenance services, and management consultancy & training services.

5. Vishnusurya Projects and Infra Ltd
   The company is into providing integrated solutions of Drones for surveillance, mapping and surveying purposes through collaboration with its group company, Garuda Aerospace.

6. RattanIndia Enterprises Ltd
   Company through its subsidiary company NeoSky India aims to provide 360-degree service to its clients via Drone-as-a-product and Drone-as-a-service portfolios. Neosky India has entered into an agreement with Throttle Aerospace to acquire 60% stake in it. NeoSky received a Drone pilot training license from DGCA.

Disclosure: Invested recently in Vishnusurya Projects and Infra Ltd and RattanIndia Enterprises Ltd.

“Can you please briefly expalin how the video you attached above could be related to Mazagon? Thanks”
I am replying here because of concerns about the sanctity of the thread on Mazgaon doc.
Two of the great investors, Charlie Munger and Li Lu have talked of reading and taking lessons from every subject from history to biology.
While drones have uses in areas from agriculture to flood relief, I am confining myself to their defence uses.
To me, the heavy moving weaponary has been exposed in the Ukraine-Russia and Azerbaijan-Armenia. Earlier too, the US forces have used the UAVs in taking out terrorists in Pakistan, Somalia among other places.
Russia is overwhelmingly powerful in comparison to Ukraine. Yet $300 drones have made Russia yield the Black sea.
As for ground attacks, Ukraine war is current so I hardly need emphasise it, but take a look at the Azerbaijan-Armenia war.
“Many accounts of the war describe it as a one-sided, an Azeri drones versus Armenian ground forces event with Azeri ground forces figuratively “riding on the backs” of the drones to victory with a minimum of fighting by them. To quote a typical example:

“Azerbaijan’s UAVs obliterated Armenia’s formidable array of ground-based air defences, after which they systematically decimated Armenia’s ground force matériel, including tanks, artillery pieces, and supply trucks. This onslaught forced Armenia to accept a humiliating ceasefire imposed by Russia.

… It can be said that this was the first postmodern conflict, in that it was the first in which unmanned-aircraft overwhelmed a conventional ground force, grinding it down to the point of impotence and paving the way for the Azeri ground forces to roll in and take possession of a strategic chokepoint.”[i]

The article concludes that it is not entirely due to the drones that Armenia lost. “it is very clear that without the drones the Azeris would not have achieved the success that they did. However, it is just as clear that the drones did not win the war by themselves and did not make the ground battle easy. Given the available data, computing the exact share in victory between drones and ground forces more accurately than that is impossible.”
There is, however, one very important conclusion in the Mazgaon thread that there is no moat in drone manufacture. This is supported by the Ukraine war too, where small workshops are modifying the drones to wage war on Russia.