Interesting thing about Astr defence is they are a new company which was established in Hubli, Karnataka in Setember 2019. They unveiled their prototype in February 2020 Defence expo. Very little is known about this company and they do not even have a website.Now there arises four distinct possiblities:
1. They are a young group of engineers right out of college, trying their luck in start-up. They are doing it from the experience learnt in working in B Tech. projects.
2. One of the guys worked in the West in a reputed small arm's companies and returned to India, to open this new company.
3. They are just a front, for a foreign company to pitch in their product, under Make in India or Atmanirbhar scheme.
4. They are just businessman, trying to assemble guns from off-the shelf purchased components from Western vendors.
If possibility 1 turns out to be true, this is a promising venture. They will gain by tying up with some big manufacturing players like Tata, Bharat forge or even OFB.
If possibility 2 is true, then will good amount of funding (sourced from investors), he can set up a Caracal type company with its own production facilities in India.
If possibility 3 is true, then they are just another one of the long list of local tie-ups like with PLR, MKU etc.
If possibility 4 is true then they are trying to emulate SSS defence, in order to make a quick buck under new Atmanirbhar scheme.