Panchi is a variant of Nishant (launcher based tactical UAV) with capability of conventional take-off and landing. Panchi is integrated with an all composite landing gear and has improved flight envelope and endurance. Panchi carries a stabilized payload platform. It carries payloads like daylight camera, infrared camera and laser designator. It is powered with an indigenously developed rotary Wankel engine. It has state of art systems, capable of surveillance, reconnaissance, target location detection and artillery fire correction. Five flights of Panchi have been successfully completed proving the concept of conventional takeoff and landing. Data for aerodynamic, structure integrity and Flight control studies have been generated and analyzed.