We have begun a program of high altitude ballooning at the Indian Institute of Astrophysics, Bangalore. Recent advances in balloons as well as in electronics have made possible scientific payloads at costs accessible to university departments. The primary purpose of this activity is to test low-cost ultraviolet (UV) payloads for eventual space flight, but to also explore phenomena occurring in the upper atmosphere, including sprites and meteorite impacts, using balloon-borne payloads. This paper discusses the results of three tethered balloon experiments carried out at the CREST campus of IIA, Hosakote and our plans for the future. We also describe the stages of payload development for these experiments.