Tonbo Imaging

What Tonbo Imaging does

Tonbo Imaging India Limited, founded in 2003 and headquartered in Bengaluru, is a defense electronics OEM that designs, develops, and manufactures electro-optical and infrared (EO/IR) sensing, processing, communication, and guidance systems. Its product portfolio spans tactical weapon sights, vehicle driver-vision and fire control systems, naval EO/IR surveillance (Atlas IRST, Wolfpack, Rodimus FCS, Avenger series), multi-axis aerial gimbals (Hummingbird series), EO/IR missile seekers with edge AI, command-and-control software (HawkAI), and OEM subsystems (video target tracking cards, thermal imaging engines, AI processors). The company additionally holds proprietary vacuum tube and Multi-Beam Klystron (MBK) intellectual property underpinning its WaveStrike Gen-3 High-Power Microwave directed-energy weapon, plus counter-UAS (Kite) and loitering munition (Sharkjet) platforms under the Tonbo Systems sub-brand.

Revenue is generated through three streams: hardware sales of finished EO/IR defense products to military and law enforcement customers, licensing and supply of OEM subsystems and IP to other electro-optics manufacturers, and integration/commissioning services (including naval HPM integration under iDEX ADITI 3.0). The go-to-market is direct enterprise sales to defense forces and government agencies, supplemented by NATO-country channel sales and OEM licensing; approximately 70% of revenue is international. The company is profitable, with FY25 revenue of Rs 469.08 crore (up 9.5% YoY) and net profit of Rs 72.76 crore, and holds an order book of Rs 266.57 crore as of September 30, 2025. Tonbo filed its DRHP with SEBI in December 2025 for an Offer-for-Sale IPO.

Certifications include MIL-STD-810G and MIL-STD-461E; marquee customers include the Indian Army, Indian Navy, and NATO-country militaries. The company commands 93% of India's thermal imaging exports and has fielded over 20,000 systems across more than 30 countries.

Name

Tonbo Imaging

Legal name

Tonbo Imaging India Limited

Website

https://tonboimaging.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

251–500 employees

Short description

Tonbo Imaging is a Bengaluru-based defense electronics OEM designing electro-optical and infrared sensing, targeting, fire control, and missile-seeker systems, plus the WaveStrike high-power microwave directed-energy weapon, for military and homeland-security customers globally.

Ownership category

akta.pro rank

Product category

Defense Electro-Optics and Infrared Systems

NAICS

Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing (334511), Guided Missile and Space Vehicle Manufacturing (336414)

SIC

Search, Detection, Navagation, Guidance, Aeronautical Sys (3812), Guided Missiles & Space Vehicles & Parts (3760)

akta.pro primary industry

Electro-Optical/Infrared (EO/IR) Sensors & Targeting Systems (IMABAGAC)

akta.pro secondary industries

Electronic Warfare (EW) & SIGINT/ELINT Systems (IMABAGAB), Electronic Warfare (EW) & Signals Intelligence (SIGINT) Systems (IMABAOAB), Guidance, Navigation & Control (GNC) Electronics for Weapons (IMABAGAH), Military ISR, EW & SIGINT Payloads (Airborne) (IMABAMAF)

Keywords

• Defense electro-optics
• Thermal imaging systems
• Infrared sensor systems
• Missile seeker technology
• Directed energy weapons

Headquarters

HQ city

Bangalore

HQ country

India

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Personnel, Supply Chain, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Defense Electronics OEM Products: Sale of electro-optical and infrared defense products including thermal imaging cores, weapon sights, hand-held thermal binoculars, targeting systems, missile seekers, fire control systems, and missile guidance systems to military and defense customers globally.
2. OEM Subsystems: Licensing and sale of proprietary subsystems to other Electro Optics manufacturers and systems integrators globally, including video target tracking cards, video processing boards, video engines, and real-time AI processors.
3. System Integration Services: Integration and commissioning services for defense systems including the High Power Microwave (HPM) system for naval platforms under ADITI 3.0 framework.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Tonbo Imaging designs, develops, and manufactures electro-optical and infrared (EO/IR) sensing, processing, communication, and guidance systems for military and homeland security applications. Its portfolio spans thermal imaging cores, weapon sights, hand-held thermal binoculars, targeting systems, missile seekers, fire control systems, vehicle driver vision systems, naval surveillance systems, and high-power microwave directed-energy weapons. The company also licenses proprietary subsystems (video processors, target trackers, thermal engines) to other electro-optics OEMs.

Product overview

Tonbo Imaging is a global defense electronics OEM that designs, develops, and manufactures sensing, processing, communication, and guidance systems for surveillance, reconnaissance, targeting, and control. The company offers a diversified product portfolio organized into three main categories: Optronics (Tactical, Land, Naval, Aerial, Missile, and Homeland Security electro-optics systems), Tonbo Systems platforms (WaveStrike high-power microwave directed energy weapon, Kite counter-UAV, and Sharkjet loitering munition), and Solutions (See Through Armour, AI-Enabled Seekers, Connected Weapon Sights, ATMUS EOIRST, Vault C-UAS, and weapon fire control systems). Their products span thermal imaging cores, weapon sights, targeting systems, missile seekers, fire control systems, driver vision systems, command and control systems, and OEM subsystems. The company serves defense forces, law enforcement, and original equipment manufacturers globally, enabling autonomy on the battlefield through advanced electro-optics and infrared systems.

Differentiator

Problem solved

Functional benefit

Brands

• Tonbo Systems: Dedicated initiative focused on advancing up the autonomy chain in the defense sector, developing remote-controlled weapon stations, loitering munitions, range extension kits, and remotely operated ground vehicles.
• WaveStrike
• Wavestrike
• Kite
• Sharkjet

Products and services

• Tactical Electro-Optics Systems Modular, interoperable imaging systems for infantry, special forces, and paramilitary operations including day scopes, weapon sights (Apollo-VX, Spartan-S, Raptor, Arjun, EK), hand-held thermal imagers (Orcus, BLOODHOUND, GazeHound-LW), helmet-mounted sights, and fire control systems for short-range CQB to long-range engagement.
• Land Systems (Vehicle Electro-Optics) Enhanced Vehicle Imaging Platform providing 360-degree situational awareness for drivers, gunners, and crews, including driver vision systems (MINION, MINION 2, PHOTON), commander/gunner sights (RODIMUS, PROWL), fire control systems, and surround vision systems for day, night, and all-weather conditions on military vehicles.
• Naval Systems Surveillance, fire control, and air defense electro-optics for surface vessels including aircraft carriers, frigates, corvettes, and patrol boats. Includes multi-sensor imaging modules, panoramic search-and-track systems (ATLAS, WOLFPACK EOIRST), and fire control directors (AVENGER series).
• Aerial Systems (Gimbals) Multi-axis gimbal-stabilized payloads for aerial reconnaissance, navigation, and targeting. Includes Hummingbird series (HB500, HB800, HB3500) for small UAVs and Avenger series (AVENGER 8, S-25, S-50, S-75) for fixed-wing aircraft, helicopters, and aerostats.
• Missile Systems (Seekers) EO/IR seeker packages with edge AI processing for guidance enabling precision strike. Includes AI-enabled TRAP1 stabilized seeker for ATGMs, kamikaze drones, and glide bombs with fire-and-forget capabilities, plus command launcher units and clip-on thermal imagers.
• Homeland Security Systems Thermal imaging systems for homeland and border security, including body-worn cameras (X7), connected thermal imagers (KNIGHT), long-range observation systems (GEOLOCATOR, IEOS, T-REX, Avenger50), and dual-sensor electro-optical devices.
• Pan/Tilt Systems Precision Pan/Tilt units with exceptional pointing performance, including Hulk, T-REX, I-REX, J-REX, K-REX, S-REX series with payload capacities from 10-45kg, featuring gyro stabilization, geo-pointing, and integration with video trackers for land, marine, and air applications.
• Command & Control (C4I) Systems C4I solutions integrating electro-optics with military hardware, including the HawkAI software platform powered by AI for battle management, border management, and tactical command, plus rugged computers (TROODON), multifunction displays, joystick controllers, and video encoders.
• Special Test Equipment (STE) Special tools and test equipment for electro-optics OEMs and end users, including MSIM2 multi-axis motion simulators, SPySE gun shock simulators, STRATOS nitrogen purging stations, and collimators for testing and maintaining electro-optical products.
• OEM Subsystems Sophisticated subsystems and imaging electronics for Electro Optics OEMs and system integrators, including VIP-ST video target tracking cards, COEL cooled thermal imaging engines, JETBOX/JET-HD video processors, TUVE uncooled thermal engines, and KNIGHT-OEM electronics.
• WaveStrike High-Power Microwave System India's first deployable Gen-3 High-Power Microwave (HPM) system using Multi-Beam Klystron (MBK) technology, designed to instantly neutralize drone swarms and disable enemy electronic infrastructure. Scalable for land, naval, and airborne platforms with applications in electronic warfare and counter-UAV operations.
• Kite Counter-UAS System Rogue drone interceptor system for protecting airspace from hostile UAVs and UAS, part of Tonbo Systems' advanced autonomous systems portfolio.
• Sharkjet Loitering Munition Jet-powered loitering munition system for precision strike capabilities, part of Tonbo Systems' autonomous platforms for modern defense operations.
• STAR (See Through Armour) Panoramic See Through Armour solution for armored combat vehicles, combining Wolfpack multi-aperture sensor system with head-mounted display integrated with Microsoft HoloLens for mixed-reality visualization, enabling 360-degree real-time day/night imaging with AI-based target recognition.
• AI-Enabled Seekers AI-enabled EO/IR stabilized gimbal seekers with IRST capability for precision strike with ATGMs, kamikaze drones, and glide bombs, featuring nVidia-powered auto target recognition and tracking, dual-band/tri-band sensors, and GPS-denied navigation.
• Connected Weapon Sights Connected smart thermal weapon sights with Qualcomm Snapdragon processors, featuring 12um thermal imagers, shutterless imaging, LTE connectivity, and integration with helmet sights and tactical networks via ATAK and CoT protocols.
• ATMUS EOIRST Integrated surveillance system combining Atlas passive IRST for detection, Rodimus fire control system for engagement, and C2 command and control, providing 360-degree panoramic search-and-track with AI-based target classification for border, coastal, and air defense applications.
• Vault C-UAS AI-enabled counter-UAV system protecting areas from hostile drones, featuring electronically scanning radar, panoramic IRST thermal imagers with AI drone detection, long-range electro-optics tracking, and directional RF jamming for soft-kill neutralization.
• MGS-30 Fire Control System Advanced multi-sensor EOIR fire control system for AGS/AGL automatic grenade launchers, featuring disturbed reticle for quick fire, integrated thermal imager, day camera, laser rangefinder, MET sensors, GPS, and ballistic computer for increased first-hit probability.
• MGS-23 Night Enablement Kit Upgrade kit for Zu-23 air defense guns enabling night engagement capabilities, featuring 12-micron thermal weapon sight with 50Hz update rate, external display, and anti-drone reticles with edge detection mode. Certified to MIL-STD-461E.

Quantifiable outcome

• 93% of India's thermal imaging exports in FY25
• +3 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability9 records

Feature7 records

Partnerships

Two partnerships are on record, tiered core.

• iDEX (Innovations for Defence Excellence)coreStrategic or Co-development Partner · 19 May 2026Government initiative supporting Tonbo's ADITI 3.0 contract for High Power Microwave system integration for Indian Navy. The Defence Innovation Organisation oversees the programme.
• Defence Innovation OrganisationcoreStrategic or Co-development Partner · 19 May 2026Government body supporting the ADITI 3.0 innovation framework that awarded Tonbo the HPM system contract for Indian Navy naval platforms.

Scale indicators9 records

Recent moves14 records

Expansion highlights6 records

Broad incumbents

• Bharat Electronics Limited (BEL): India's largest defense electronics public sector undertaking, supplying EO/IR systems, missile electronics, naval fire control, and homeland security products to the Indian military. Directly comparable as a domestic Indian defense electronics OEM with overlapping product lines (thermal imaging, missile seekers, naval systems) but far larger scale and government alignment.
• Thales: Global defense and aerospace prime with EO/IR optronics, missile electronics, naval combat systems, and electronic warfare product lines. Comparable as a broader incumbent offering overlapping thermal imaging, missile seekers, and EW capabilities at much larger scale.
• L&T Defence: Indian defense and aerospace arm of Larsen & Toubro covering sensors, missile integration, naval platforms, and aerospace systems. Comparable as a large Indian defense integrator competing for the same Indian MoD and DRDO-led platform programs as Tonbo.
• Tata Advanced Systems Limited (TASL): Tata Group's defense and aerospace business covering sensors, EO/IR, missiles, drones, and aerospace manufacturing. Comparable as a large Indian defense prime serving Indian and international militaries with broader systems integration capabilities.
• Safran Electronics & Defense: French defense optronics division providing thermal imagers, weapon sights, navigation systems, and avionics. Comparable as an incumbent optronics OEM with strong European/NATO footprint and overlapping thermal imaging and weapon sight offerings.

Direct peers

• Teledyne FLIR: Global leader in thermal imaging cameras and infrared sensor systems serving defense, industrial, and security markets. Closely comparable as a thermal imaging core/sensor OEM; Tonbo's 93% share of Indian thermal imaging exports positions it as a regional challenger to FLIR's global installed base.
• Elbit Systems: Israeli defense electronics company with broad EO/IR, night vision, thermal weapon sight, missile seeker, and homeland security portfolios. Strongly comparable product overlap across tactical EO, land systems, aerial gimbals, and missile seeker offerings.
• Hensoldt: German defense electronics specialist in sensors, EO/IR, radar, electronic warfare, and avionics. Comparable as a European defense sensor OEM with thermal imaging, missile electronics, and EW product portfolios serving NATO militaries.
• Rafael Advanced Defense Systems: Israeli defense systems house with deep expertise in EO seekers, missile guidance (Spike), directed-energy, and electronic warfare. Highly relevant peer given overlap in missile seekers, EW/directed-energy (Iron Beam-style systems), and naval fire control.

Emerging players

• ideaForge Technology: Indian drone/UAV manufacturer serving military, paramilitary, and security forces with surveillance and reconnaissance platforms. Comparable as an Indian deeptech defense company with payload/sensor integration expertise and significant government defense sales.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/TonboImaging

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Funding overview

Funding rounds7 records

Investors10 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tonbo Imaging