Devakumar Thammisetty
Thammisetty is a former ISRO propulsion engineer; Khandelwal co-founded CoinDCX
Launch Vehicles / Propulsion
ENGINE UNVERIFIED BY FIRE — integrated hardware unveiled, hot-fire pending
ENGINE UNVERIFIED BY FIRE — integrated hardware unveiled, hot-fire pending
Engine: EVEREST — see engine_programmes for full detail
Headline specs: 800 kN vacuum thrust, ~340 s Isp, 50–110% throttle, LOX/methane, Full-Flow Staged Combustion, 3D-printed core components
Vehicle: Reusable medium-lift rocket with a seven-engine cluster
Design independence: Pursuing its own design rather than working from ISRO blueprints
Total raised: Not publicly disclosed
Grants: Selected under IN-SPACe's ₹500 crore Technology Adoption Fund on 10 June 2026 — one of only three chosen from 43 applicants, with milestone-linked support capped at ₹25 crore
Next milestone: Full-scale ground hot-fire
Timeline: H2 2026; ~20 engines to be tested before first orbital flight; first orbital flight targeted December 2028 (some coverage says 2029)
Production: Up to 50 engines/year; 100 tonnes launch capacity Phase 1, 1,000+ tonnes Phase 2
Founded 2024. No flight hardware. Attempting the hardest liquid engine cycle in existence, which ISRO has never attempted and which only SpaceX has flown. The sub-scale and turbopump results are genuinely encouraging, but the gap between an unveiled engine and a fired one is where most propulsion programmes fail.
Flag: This company was completely absent from v3.0 and thinly covered in v4.0. It is arguably the most technically ambitious propulsion programme in India's private sector.
Imported from IFSC Archive dataset v5.0, research snapshot 2026-08-16.
Thammisetty is a former ISRO propulsion engineer; Khandelwal co-founded CoinDCX
CEO
Thammisetty is a former ISRO propulsion engineer; Khandelwal co-founded CoinDCX
other
EVEREST publicly unveiled in Bengaluru — event attended by Shubhanshu Shukla, who described FFSC as one of the most complex technologies in rocket propulsion
test
High-speed turbopump trials, performance above predictions
test
Sub-scale FFSC hot-fire, successful on first attempt
founding