Adani Enterprises Limited, a prominent player in the Indian business landscape, has recently embarked on a strategic partnership with Sirius International Holding, a subsidiary of International Holding Company (IHC). This collaboration aims to delve into the transformative realms of artificial intelligence (AI), the Internet of Things (IoT), and blockchain technology. The result of this venture is the establishment of Sirius Digitech International Limited, headquartered in Abu Dhabi. Sirius holds the majority ownership with 51%, while Adani possesses 49% of the venture, positioning it as a key player in leveraging advanced technologies.
Targeting Key Sectors in the Indian Economy
The primary objective of the joint venture is to capitalize on the vast potential offered by digital transformation technologies. Focusing on the digitalization opportunities within the Indian economy, the collaboration eyes crucial sectors such as infrastructure, FinTech, HealthTech, and GreenTech. Projections suggest that by 2030, the digitalization market in India could soar to an impressive $1 trillion. This strategic partnership amalgamates Sirius’s global expertise in digital transformation with Adani’s strategic insights, intending to empower businesses with technologies that enhance efficiency, streamline processes, and foster overall growth.
Innovative Technological Solutions for Industries
The joint venture is strategically poised to deploy cutting-edge AI and blockchain products and services tailored for industrial applications. To validate and scale these innovative solutions, the JV plans to leverage the industrial testbed provided by the Adani Group. This collaborative effort signifies a significant stride for Adani Enterprises, placing it at the forefront of technological innovation and contributing to the digital evolution of India.
Global Expansion in Smart Meter SolutionscÂ
Simultaneously, Adani Energy Solutions has entered into a joint venture with an IHC-backed company to expand its smart meter business on a global scale. Adani Transmission Step-Four Limited, a subsidiary of Adani Energy, has acquired a 49% stake in Esyasoft Holdings Ltd.’s smart metering solutions arm. The joint venture, now named Adani Esyasoft Smart Solutions Limited, is positioned to bid for and execute orders both in India and internationally. This entity offers a comprehensive range of solutions, including renewable energy, energy efficiency, EV charging, analytics, and AI tools. The collaboration exemplifies Adani’s commitment to pioneering advancements in sustainable and smart technologies on a global scale.
