Ahmedabad's Optimized Group pivots to selling satellites from next year
Ahmedabad's Optimized Group is jumping into satellite manufacturing after years of building space tech for others, including missions like Chandrayaan and Mangalyaan.
They've already got orders lined up and expect selling satellites to become their main business from next year, overtaking their old testing and fabrication work.
Targets 1,100 cr annual revenue
Their first two satellites focus on Earth observation and tracking space traffic (yes, they'll compete with Bengaluru startup Digantara). They're also working on a defense project under the iDEX program.
The company wants to cross ₹1,100 crore in annual revenue within three years, with nearly half from defense tech, but they still rely on imported parts for now.
To fix that, they plan to make their own sensors at least five years away from bringing one to market and might even go public with an IPO as they grow.