INDUSTRY STRUCTURE AND OUTLOOK
The transportation sector in India is large and diverse, serving the needs of over 1.1
billion people. In 2019-2020, it contributed a significant 5.2% to the nations GDP, with
road transportation being a major part of it. Good physical connectivity in both urban and
rural areas is crucial for economic growth and improving access to labour markets. India
is one of the largest countries in the world, with a population of approximately 140
crores spread across 28 states, 755 districts, and more than 4,000 cities. Transportation
plays a crucial role in the lives of millions of Indians, as 30 to 40 crore people travel
daily. A robust transportation system is the lifeline of the nation, connecting people,
goods, and services across cities, states, and districts. India boasts of a comprehensive
transportation network, which includes 1.4 lakh km of national highways, 7,337 railway
stations, and 140 airports. These are used for traveling within the country, particularly
for long-distance routes. A more efficient transportation system helps in connecting
people, communities, and businesses and is essential for economic growth and development.
A well-connected transportation network provides access to employment, educational,
recreational, and medical facilities, which can help to reduce poverty and improve the
standard of living for millions of people.
However, high levels of mobility in Indian cities have led to a crisis characterized by
congestion, environmental pollution, traffic fatalities, imported fuel expenses and taxes
and inequity.
As Indian cities continue to spread outward, those who cannot afford motorized
transport will be increasingly put at a disadvantage and cut off from essential sites and
activities in the city, such as employment, recreation, education, medical care, and more.
It is important for the Indian government to address these mobility problems and provide
accessible transportation options to all segments of the population.
BUSINESS SEGMENT 40
aerpace - main components (Intellectual Property)
The aerpace project consists of four main components:
Superwing
The Superwing is a technologically advanced flying vehicle capable of carrying a
payload of 500-1000 kgs. It is designed with features like autonomous flying, hydrogen
fuel, collision detection, advanced fire suppression system, safety parachutes and
airbags. It comes in different forms, including aerWing for private transportation,
aerTaxi for public transportation, aerAmbulance for medical emergencies, and aerCargo for
domestic perishable logistics.
Supercar
The Supercar is a fully electric, light weight vehicle that is specifically designed
for use with the Superwing. It is built with cutting-edge technologies like swappable
batteries, autonomous driving and AI, and is fully integrated into the aerpace ecosystem
for ease of use and comfort.
Aerdock
The Aerdock is a station for the Superwing and Supercar, much like what a station is
for trains or an airport is for airplanes. The Aerdock is designed to be pro-green and
will be built on 20 acres of land. It will have a hydrogen plant that generates its own
fuel and electricity, and will also have a gaming zone, food court, shopping areas, and a
wellequipped medical and national security emergency response center.
The aerVerse
The aerVerse is the software ecosystem that integrates and operates all of the above
components. It is responsible for maintaining records, controlling the autonomous flights,
monitoring the individual components, and ensur-
Superwing 41
Superwing is a revolutionary transportation system that is designed to provide a unique
and seamless travel experience. Its ultra-light and incredibly strong design is engineered
for unmatched balance and agility, allowing it to reach impressive heights of 3000-9000
feet from ground level. The Superwing is a game-changer in the transportation sector and
provides an innovative solution to the mobility problems faced by Indian cities. Superwing
is the perfect solution for people who are looking for a faster, safer, and more efficient
mode of transportation that is also eco-friendly and sustainable.
1 |
2 |
aerWing |
aerTaxi |
With the private transportation principles at its |
A collective economic travel, that falls into |
core, the Superwing provides its users with the |
public transport category, whereby the Super- |
comfort and privacy of their own supercar and |
wing can accommodate 6 passengers making |
takes them from one aerdock to another in a |
aerpace available to consumers enabling them |
swift and convenient manner. |
to travel Intracity and Intercity between |
|
200kms to 800kms. |
3 |
4 |
aer Assist |
aerCargo |
Medical emergencies need immediate |
This will be an evolution for our domestic perish- |
response - aer ambulance is swift and will be |
able logistics market, as every farmer will be |
ideal in cases where the patients are either |
able to affordably transport their goods across |
injured and critical, stuck in traffic or in a |
the country in the lowest possible time and |
remote location. Superwing will be a |
positively meet the growing demands. As we |
game-changer in the medical industry, imagine |
see a surge in drone technologies being used |
not only vaccines and medical aids supply but |
for the betterment of agriculture and other |
also doctors will be able to reach remote and |
industries, we feel it is equally important for |
rural locations for medical attention on time. |
produced and perishable goods to reach on |
|
time to avoid wastage and losses incurred. |
Supercar
The Supercar is a specially designed vehicle that is integrated with the Superwing
drone for seamless flying capabilities. Its lightweight construction, coupled with
advanced battery swapping technology, allows for efficient transformation from a regular
car to an airborne vehicle. The cars materials are deliberately chosen to prioritize
weight reduction, making it an ideal Personal Utility Vehicle.
Heres how it works: You drive the Supercar like a regular vehicle to the nearest
aerDock and park it on a specialized platform. At the aerDock, the batteries of the car
are removed using our cuttingedge swapping robotics mechanism. The car is then transported
and docked onto the Superwing drone.
The Superwing drone carries your car to the desired destination, where it is placed
onto a platform. Our specialized battery swapping robotics add new batteries to the car,
preparing it for the drive. Once the battery swapping process is complete, you can drive
the car out of the parking lot and use it like a conventional automobile.
The Supercar boasts futuristic features, such as face ID recognition to start the car,
and it operates solely on electric power. It is equipped with Lithium-ion batteries,
offering a range of 500 kilometers with a battery capacity of 70 kWh. Initially, the car
is shipped with a 35 kWh battery, providing a range of 250 kilometers. However, you have
the option to add a range extender battery of 35 kWh, which doubles the range to 500
kilometers.
In summary, the Supercar combines advanced technology, lightweight design, and
efficient battery swapping mechanisms to provide a unique and versatile transportation
solution for the future
UNIQUE SELLING POINT
The unique selling points of the "aerpace" project are:
Eco-friendly |
Accessibility |
The project is designed with an eco-friendly approach, using hydrogen
fuel and generating its own electricity, making it self-sustaining and reducing the carbon
footprint. |
The project aims to build an average of 2 aerdocks in every district,
making it accessible to a large number of people. |
Advanced technologies |
Integration |
The project uses advanced technologies like autonomous flying,
hydrogen fuel, collision detection, and safety parachutes, making it safer and more
efficient. |
The project is integrated with an eco-system software which operates all
the components smoothly, providing efficient and seamless operations. |
Increased convenience |
Healthcare |
The project provides a new mode of transportation that is faster, more
comfortable and accessible, reducing travel time and increasing efficiency. |
The project also includes an aerAssist component, which will help
improve medical services by providing swift and immediate response to emergencies. |
Multi-faceted |
Increased economic growth |
The project includes various components like Superwing, Supercar,
aerDock, and aerVerse, which together create a comprehensive transportation ecosystem. |
The project will positively impact the economic growth and development
of the country, by improving transportation and logistics. |
SOCIAL BENEFITS
The aerpace project will bring numerous social benefits to human life and the economy
of the country. These benefits include:
Efficient Transportation |
Improved Infrastructure |
| The combination of Supercar and Superwing will provide fast and efficient
transportation, reducing travel time and improving mobility. |
The construction of aerDock will provide much-needed infrastructure,
including a gaming zone, food court,shopping areas, and medical emergency response
centers.ms in rural areas. |
Environmentally Friendly |
Job Creation |
| The use of hydrogen fuel and self-sustain- |
The construction and operation of the |
| ing aerdock with its own hydrogen plant will |
aerpace project will create new job opportu- |
| reduce carbon emissions and promote a |
nities, boosting employment and supporting |
| cleaner environment. |
the local economy. |
Improved Medical Emergency Response |
Better Quality of Life |
| The aerAssist service will provide swift and |
The ease of travel and efficient transporta- |
| immediate medical attention, especially in |
tion will improve the quality of life for citizens, |
| remote and rural locations. |
allowing them to spend more time with family and friends, pursue hobbies
and interests, and be more productive in their daily lives. |
Boost to Agriculture and Domestic Logis- |
|
tics |
Power Generation |
| The aerCargo service will enable afford- |
|
| able transportation of perishable goods, reducing wastage and promoting
the growth of the agriculture industry. Economic Growth and Development
Better transportation will have a direct |
The solar panels on the roof of aerDock will generate 3 mega-watts of
electricity, helping to resolve power problems in rural areas. |
| positive impact on the economic growth and development of the country. |
|
Strong execution and implementation capabilities 45
We have strong execution capabilities. Owing to the vast experience of our Management
Team and having technologically advanced, we believe that we are in a position to meet the
requirements of our targeted customers.
OUR BUSINESS STRATEGIES
Strengthen internal systems and continue to focus on technology and operational
efficiency:
Information technology is a part of almost every aspect of our operations. Our growing
dependence on IT infrastructure, applications, data management and other internal
processes require us to ensure the reliability and functionality of our IT systems. We
intend to strengthen our IT systems and other internal processes to reduce manual
intervention, improve reliability and efficiency of our business. Given the nature of our
industry, cost competitiveness is a key component of our success. We believe we have low
execution costs which is partly attributable to our integrated operations and investment
in technology.
Develop client relations
We plan to grow our business primarily by growing the number of client relationships
and service offerings, as we believe that increased client relationships will add
stability to our business. We aim to provide for fast and efficient execution of client
requirements. Long-term relations are built on trust and continuous meeting with the
requirements of the customers.
Further Investing in technology/ Research and development
Delivering the solution on time and in compliance with our customers requirements has
always been our priority; we strive to bank on it in future by investing time and money in
research and development of more advanced level robotic machines. Technologically modern
and advanced machines are a key factor in delivering the solution on time. By investing in
technology, we aim to reduce the time of project execution
Continue to focus on providing quality service
End user satisfaction in service industry is the epicentre of growth. Our goal is to
provide better services to the customers and thereby build long-term sustainable business
relationships with our customers to generate increasing revenues. In addition, we intend
to continue to develop modernised robots/ machines for providing better facilities in
lesser time. Our one of the significant business strategy is to continue providing high
quality solutions thereby maximizing customer satisfaction.
Pursue strategic acquisitions
In order to expand, we seek to identify acquisition targets and/or joint venture
partners whose resources, capabilities, technologies and strategies are complementary to
and are enabling us to establish our presence in new geographical locations and
acquisition of new IT technologies..
Brand Image
We would continue to associate ourselves with corporate and quality customers and
provide services to their utmost satisfaction. We are highly conscious about our brand
image and intend to have our brand building exercise by providing quality services to the
satisfaction of the customers.
SWOT ANALYSIS |
|
Strenghts |
Threats |
• Sustainable Vision
• Experienced Promoters
• Quality Services
• Significant Reputation |
• Technology Dependency • Operational
Ineffectiveness
• Competitive Industry |
Opportunities |
Weakness |
• Use of information technology at large scale
• IT related products/ services will be used in future at large
scale. |
• Dependency on Information Technology. •
Unstable and Changing Market Demand |
OPPORTUNITIES AND THREATS
Opportunities
The transportation sector in India is large and diverse, serving the needs of over 1.1
billion people. In 2019-2020, it contributed a significant 5.2% to the nations GDP, with
road transportation being a major part of it. Good physical connectivity in both urban and
rural areas is crucial for economic growth and improving access to labor markets.
• Introduction: India is one of the largest countries in the world, with a
population of approximately 140 crores spread across 28 states, 755 districts, and more
than 4,000 cities.
• Significance of Transportation: Transportation plays a crucial role in the lives
of millions of Indians, as 30 to 40 crore people travel daily. A robust transportation
system is the lifeline of the nation, connecting people, goods, and services across
cities, states, and districts.
• Infrastructure Overview: India boasts of a comprehensive transportation network,
which includes 1.4 lakh km of national highways, 7,337 railway stations, and 140 airports.
These are used for traveling within the country, particularly for long-distance routes.
• Importance of Efficient Transportation: A more efficient transportation system
helps in connecting people, communities, and businesses and is essential for economic
growth and development. A well-connected transportation network provides access to
employment, educational, recreational, and medical facilities, which can help to reduce
poverty and improve the standard of living for millions of people.
However, high levels of mobility in Indian cities have led to a crisis situation
characterized by congestion, environmental pollution, traffic fatalities, imported fuel
expenses and taxes and inequity.
As Indian cities continue to spread outward, those who cannot afford motorized
transport will be increasingly put at a disadvantage and cut off from essential sites and
activities in the city, such as employment, recreation, education, medical care, and more.
It is important for the Indian government to address these mobility problems and provide
accessible transportation options to all segments of the population.
RISKS AND CONCERNS 47
The Company is exposed to risks arising out of the dynamic macro-economic environment
as well as from internal business drivers. These could adversely impact its ability to
create value over the short, medium and long-term. Your Company continuously monitors and
revisits the risks associated with its business. It has institutionalized the procedure
for identifying, minimizing and mitigating risks and the same are reviewed periodically.
The Companys Structured Risk Management Process attempts to provide confidence to the
stakeholders that the Companys risks are known and well managed. The management of the
Company reviews the risk management processes and implementation of risk mitigation plans.
The processes are continuously improved. Risk Management comprises three key components
which are as below:
• Risk identification
• Risk assessment and mitigation
• Risk monitoring and assurance
The risk mitigation plans are reviewed regularly by the Management and Audit Committee
of your Company.
INTERNAL CONTROL SYSTEM & ADEQUACY
The Internal Control System facilitates the effectiveness and efficiency of Company
operations and ensures the reliability of financial information and compliance with laws
and regulations. In particular, the accounting control system is an important element of
the Internal Control System as it helps ensure that the Company is not exposed to
excessive financial risks and that financial internal and external reporting is reliable.
Your Company has robust internal audit and control systems. They are responsible for
independently evaluating the adequacy of internal controls and provide assurance those
operations and business units adhere to internal policies, processes and procedures as
well as regulatory and legal requirements. Internal audit team defines and review scope,
coordinates and conducts risk based internal audits with quarterly frequency across
Company through their audit firm. Existing audit procedures are reviewed periodically to
enhance effectiveness, usefulness and timeliness. The Internal control procedures include
proper authorization and adherence to authorization matrix, segregation of roles and
responsibilities, physically verification, checks and balances and preventive checks on
Compliance risk and overseeing of periodical financials etc.
Internal audit entails risk assessment and detailed verification of processes, adequacy
of maintenance of accounting records, documentation and supporting, authorizations, review
of internal controls, compliance with management policies and laid down procedures,
compliance with applicable accounting standards and to verify adherence with applicable
statutes, rules, regulation, byelaws, and circulars of the relevant statutory and
regulatory authorities.
HEALTH, SAFETY AND ENVIRONMENT
Your Company is committed to globally accepted best practices and compliance with
applicable health, safety and environmental legislation and other requirements. In order
to ensure effective implementation of practices, the management of the company have
implemented a safety, health and environment policy wherein we have committed to, inter
alia, the maintenance of a safe workplace and providing the necessary training to
employees in workplace.
HUMAN RESOURCES AND INDUSTRIAL RELATIONS
The Company takes pride in the commitment, competence and dedication of its employees
in all areas of the
48
business. The Company has a structured induction process at all locations and
management development programs to upgrade skills of managers. Objective appraisal systems
based on key result areas (KRAs) are in place for senior management staff. Human resource
is considered as key to the future growth strategy of the Company and looks upon to focus
its efforts to further align human resource policies, processes and initiatives to meet
its business needs. In order to focus on keeping employees abreast of technological and
technical developments, the Company provides opportunity for training and learning. The
overall Industrial relations atmosphere continued to be cordial.
MATERIAL DEVELOPMENT IN HUMAN RESOURCE
Employees are the valuable assets and the strength of an organisation in its growth,
prosperity and development. Your Company has a team of qualified and dedicated personnel
who have contributed to the growth and progress of the Company. Necessary training is
being imparted to the employees and various seminars and workshops are being coducted to
continuously hone their skill
KEY FINANCIAL RATIOS
Ratios |
FY 2022-23 |
FY 2021-22 |
Interest Coverage Ratio |
2.38 |
NA |
Current Ratio |
5.44 |
35.88 |
Debt Equity Ratio |
0.07 |
NA |
Operating Profit Margin |
NA |
NA |
Net Profit Margin |
0.06 |
-2.23 |
Debtors Turnover Ratio |
NA |
NA |
SUMMARY OF “AERVERSE” PROJECT
Difficulties related to transportation system
The Importance of Time in Our Lives
Can we truly own time? The answer is no. When we dont have control over something, we
tend to neglect it. Today, do we have enough time for our family, friends, and ourselves?
The answer is no, as we are constantly on the move in a world that is moving at an
unprecedented pace.
The Commuting Challenge
One of the major challenges in modern cities is the traffic congestion caused by road
vehicles. The roads that were built a long time ago are simply unable to handle the high
volume of cars, trucks, and other vehicles that compete for space. Furthermore, the
majority of these land-based vehicles run on fossil fuels and emit harmful substances,
even when stationary. These substances include carbon monoxide, which is toxic and
odorless, hydrocarbons like
soot that become suspended in the air. 49
Remote Accessibility
Issues Another problem is the difficulty in reaching remote areas, as building roads
and rails is not always efficient or economical. It takes years to build these
infrastructures, not to mention the time and resources required for maintenance, and the
decades of patience required to recover the investment. This has resulted in a significant
imbalance in our economy.
Medical and Logistics
Inaccessibility The third challenge is the lack of infrastructure in remote and rural
areas, which makes it difficult to provide medical services and transportation for
perishable goods. Improving connectivity in these areas not only enhances the economic
growth of the region, but also boosts tourism.
The Need for Connectivity
We need to connect every district in our country in the fastest and most economical way
to improve travel, trade, and logistics for the benefit of our economy.
The Solution for transportation system:
The use of transportation systems has long been a hallmark of human progress. However,
the exponential growth of populations and rapid urbanization in recent years has put
immense pressure on public transportation and freight traffic, causing challenges for
local governments and impacting economies. Considering these challenges, experts in the
field are exploring new possibilities in nearground spaces (NGS) as an alternative to
traditional modes of transportation.
The advent of passenger drones and flying cars has the potential to revolutionize the
transportation industry and drive economic growth and development. As the demand for
logistics and transportation increases in a rapidly growing population, the utilization of
both air and ground vehicles is becoming increasingly important. To achieve a rapid return
on investment, its necessary to adopt a solution that is efficient, cost-effective, and
quick to construct with optimal resource utilization.
“Mark my words. A combination of airplane and motorcar is coming. You may smile,
but it will come.”
For and on behalf of the Board of Direct |
ors |
Mrs. Amisha Milan Shah |
Mr. Milan Bhupendra Shah |
Director |
Managing Director |
DIN: 09523075 |
DIN: 08163535 |
Date: 2nd September 2023 |
|
Place: Mumbai |
|
+91-9892691696
