Company Intelligence Profile
Dreamfly Innovations Private Limited
Dreamfly Innovations makes graphene and lithium batteries and battery management systems for drones and electric aviation in Bengaluru.
Last updated 26 October 2026
Dreamfly Innovations Private Limited makes lithium and graphene batteries and battery management systems for drones, electric aviation and defense and agricultural UAVs. It was incorporated on 20 January 2023 in Bengaluru, Karnataka. Revenue for FY2024-25 was ₹93.2 Lakh. The company raised a seed round of approx. $300,000 and has open charges of ₹7 Cr.
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Company Identity
| Registered name | Dreamfly Innovations Private Limited |
|---|---|
| CIN | U31905KA2023PTC170602 |
| Status | Active (Compliant) |
| Listing | Unlisted |
| Incorporated | 20 January 2023 |
| ROC | RoC Bangalore |
| Sector (NIC) | Manufacturing |
| Registered address | 91Springboard Business Hub P.Ltd, Gopala Krishna Complex, No.45/3 Residency Rd, MG Rd, Bangalore North, Karnataka, India – 560025 |
| Authorized capital | ₹14.12 Lakh |
| Paid-up capital | ₹6.02 Lakh |
Source: MCA records via thecompanycheck.com
Business Overview
- Dreamfly Innovations Private Limited designs and makes lithium and graphene batteries and battery management systems.
- It serves drone, electric aviation, defense and agricultural UAV uses.
- The company is a DPIIT-recognised startup based in Bengaluru, Karnataka.
- It was founded in 2023 by Kajal Kireet Shah and Saurabh Satish Markandeya.
Source: dfi-india.com
Directors
- Kajal Kireet Shah — Director, appointed 20 Jan 2023
- Saurabh Satish Markandeya — Director, appointed 20 Jan 2023
Source: MCA records via thecompanycheck.com
Financials
- Revenue ₹93.2 Lakh
Source: MCA records via thecompanycheck.com
Funding
- Seed round: approx. $300,000 from Rebalance and CIIE.CO, September 2023
Charges & Borrowings
| Open charges | ₹7 Cr in total |
|---|---|
| SIDBI | ₹3 Cr, registered 16 Jan 2026, open |
| Other lender | ₹4 Cr, registered 10 Dec 2025, open |
Source: MCA records via thecompanycheck.com
Competitors
Source: thecompanycheck.com
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