Defense Business and Industry

Brightcom Group to launch defense tech division focusing on AI.

Brightcom Group Limited has announced the launch of a new division focused on aerospace intelligence and autonomous aerial defense software, aiming to leverage its artificial intelligence and machine learning capabilities in the defense sector. The move comes as the company resumes daily stock trading from July 14, 2025, following the revocation of a year-long suspension by stock exchanges due to previous regulatory breaches. Brightcom’s chairman, Suresh Reddy, highlighted the significance of building a leadership team with strong defense and aerospace backgrounds. However, the company’s expansion arrives amid a backdrop of ongoing controversies, including a ₹34 crore regulatory penalty imposed by SEBI for misrepresenting financial statements and manipulating records between 2014 and 2020. Investigations revealed misreporting of expenses, inflated profits, and concealment of financial details, leading to penalties for top executives and a substantial loss of investor confidence. Brightcom’s corporate journey began in 1994 with USAGreetings.com, later transitioning to Ybrant Digital, and subsequently acquiring Lycos Internet in 2010 before adopting its current name in 2018. Despite its turbulent history, Brightcom now seeks to establish a new footing in defense technology with its latest strategic initiative.

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