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Skyroot Aerospace has achieved something that only a handful of private companies in the world have managed to do. With Vikram-1 successfully reaching orbit, the Hyderabad-based startup has marked the arrival of a private player in a domain that, until recently, was almost entirely the preserve of national space agencies and a handful of private companies.
Here is how these 4 listed companies contributed to Skyroot Aerospace and India's growing private space story.
Solar Industries has successfully transformed itself from an explosives manufacturer into one of India's leading defence companies. In 2021, the company invested Rs 18 crore in Skyroot, when the startup's valuation stood at around $30 million.
At the last valuation round, Skyroot's valuation had risen to $1.1 billion. Experts suggest that following the successful Vikram-1 mission, the company could be valued at more than $2 billion.
Inox India is one of the biggest global players in the design, manufacture and engineering of vacuum-insulated cryogenic equipment. The company builds turnkey storage, transportation and distribution systems for industrial gases, liquefied natural gas (LNG), liquid hydrogen and cryo-scientific applications across more than 100 countries.
The company also supplies critical ground equipment for satellite launches, including for ISRO's second launchpad, and provides highly specialised systems for nuclear fusion research experiments.
TechEra Engineering disclosed its entry into the space and satellite sector during an earnings call in 2025, saying it was supplying tooling to Skyroot. It added that it was currently focused on the tooling area and would gradually look to move towards part manufacturing.
The company also said it was open to manufacturing space and satellite equipment for ISRO and DRDO, adding that it was looking to work closely with these PSUs.
Diffusion Engineers specialises in advanced industrial manufacturing, producing specialty welding materials, wear-resistant plates and heavy machinery for core industries. Earlier this week, the company posted a message on LinkedIn congratulating Skyroot Aerospace on its historic milestone.
"Congratulations to Skyroot Aerospace on this historic milestone. Your relentless pursuit of innovation, engineering excellence, and bold ambition continues to inspire the next generation of Indian innovators," the company said.
"We are proud to have been a small part of your remarkable journey to this feat. Contributing, in our own way, to India's growing space story is an honour we deeply cherish," it added.
Skyroot’s Vikram-1 liftoff
Skyroot's Vikram-1 rocket lifted off from the Satish Dhawan Space Centre in Sriharikota at 12:05 hours on July 18 and placed its payloads around 16 minutes later into a 450-km circular low Earth orbit at a 60-degree inclination.
The rocket completed all four stages as planned and met all its primary objectives, the company said.
The successful orbital mission, named Aagaman, has placed Skyroot among a small group of private companies globally with orbital launch capabilities. The achievement follows the startup's sub-orbital Vikram-S launch in 2022.
Prime Minister Narendra Modi described Vikram-1 as a defining moment for India's private space sector and called Skyroot's founders to congratulate the team. "I was closely tracking the launch," Modi said, adding: "It was truly heartening to see that most of your team members are just 25 to 30 years old."
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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