Company Intelligence Profile
Nw Engineering Private Limited
Bengaluru-based seed-stage deep-tech company (operates as "Nautical Wings Aerospace") building electric propulsion systems — composite propellers, axial electric motors and integrated electric propulsion units (iEPU) — for UAVs, air taxis, LSAs, trainers and regional aircraft.
Last updated 4 August 2026
Nautical Wings Aerospace, operating as NW Engineering Private Limited and incorporated in Bengaluru in 2020, designs and manufactures electric propulsion systems including composite propellers, axial electric motors, and integrated electric propulsion units for UAVs, air taxis, and light aircraft. The company reported revenue of approximately Rs 1.81 Cr in FY2024-25, with a one-year revenue CAGR of 191%, and has raised total disclosed funding of around Rs 13 Crore across multiple seed rounds from investors including ideaForge, Venture Catalysts, and 1Crowd.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
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Company Identity
| Registered name | NW ENGINEERING PRIVATE LIMITED |
|---|---|
| CIN | U31909KA2020PTC139640 |
| PAN | Not available in the public sources reviewed. |
| Status | Active |
| Listing | No — Private, unlisted company limited by shares |
| Incorporated | 12 October 2020 |
| ROC | RoC-Bangalore, Karnataka |
| Sector (NIC) |
|
| Registered address | 35 Jakkur Layout, Yelahanka, Bangalore, Karnataka, India – 560064 |
| Authorized capital | ₹11,00,000 (₹11 Lakh) |
| Paid-up capital | ₹4,32,230 (₹4.32 Lakh) per Tofler/TheCompanyCheck/Falconebiz; one Tracxn-derived snippet shows ₹4,29,970 — minor variance, treat ~₹4.3 Lakh as confirmed |
Business Overview
- NW Engineering Private Limited is the registered legal entity for the brand "Nautical Wings Aerospace," a Bengaluru (Jakkur) based deep-tech startup founded in 2020 that designs and manufactures electric propulsion systems for aviation: custom composite propellers, axial electric motors, composite accessories, and its flagship "iEPU" (Integrated Electric Propulsion Unit) offering end-to-end customization for UAVs (including HALE/MALE drones), air taxis, light sport aircraft, trainers and regional aircraft
- Self-described as "India's 1st electric propulsion technology company." Supplies propulsion systems to Indian UAS/drone manufacturers and is reportedly collaborating with air-taxi companies
- Incubated at SINE-IIT Bombay, NSRCEL-IIM Bangalore, CIIE-IIM Ahmedabad and Ginserv; recipient of DRDO Dare to Dream, IIGP, IICDC and Aero India contest recognitions
- Headcount ~44-47 employees
- Recent activity includes a Dec 2025 high-altitude drone-propulsion field test at Chang La, Ladakh (17,388 ft) as part of "Bharat Altitude Trials 2025." Source: nauticalwings.com, Ginserv, Tracxn, IDRW
Directors
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Shiv Varun Singh Rajput | 08575979 | Managing Director & Founder & CEO | - |
| Tangirala Praveen | 09572888 | Whole-time Director & Co-founder & CTO | 12-Jul-2022 |
| Vikas Kamath | 09573074 | Whole-time Director & Co-founder & COO | 12-Jul-2022 |
Financials
- Revenue FY2024-25 (year ended 31-Mar-2025) ≈ ₹1.81 Cr, with 1-year revenue CAGR of 191% and 1-year EBITDA CAGR of -115% (implying EBITDA went negative)
- Standalone vs consolidated not specified (single small entity, likely standalone)
- A direct WebFetch of Tracxn's legal-entity page returned a 5-year revenue/EBITDA/PAT/net-worth table with figures in the ₹2,500-9,900 Lakh range that are internally inconsistent (e.g., PAT exceeding revenue) and contradict the ₹1.81 Cr figure from the same source family — this table is judged unreliable (likely a generation artifact from a paywalled/masked page) and has been DISCARDED rather than reported as fact
- Net worth, EBITDA and PAT absolute values: not obtained
- Borrowings: ~₹2.15 Cr disclosed charge/loan (see charges field)
Funding
- Total disclosed funding ~₹13 Crore plus a ₹20 Lakh SISFS (Startup India Seed Fund Scheme) government grant
- Rounds per Tracxn: (1) Seed — 27-Jan-2023 — investor ideaForge (strategic/corporate investment)
- (2) Seed — 5-Sep-2024 — investors Venture Catalysts, 1Crowd
- (3) Seed — 16-Apr-2025 — lead undisclosed
- Other investors named across sources: IN44 Capital, JITO JIFF, VC Grid
- Amounts per individual round: undisclosed
- No Series A or later stage found as of research date (29-Jul-2026)
Charges / Loans
- Partial
- Tracxn indicates 1 active charge/loan of ~₹2.15 Cr, creation date ~20-Mar-2025
- One WebSearch AI-summary attributed the lender as SIDBI, but this could not be independently corroborated on a second source — treat lender identity as unconfirmed/single-source
Competitors
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