Know why RattanIndia Enterprises should be on your radar today!

Karan Dsij
/ Categories: Trending, Mindshare
Know why RattanIndia Enterprises should be on your radar today!

Meanwhile, the stock is up by nearly 779 per cent on a YTD basis.

RattanIndia Enterprises Limited is the flagship company of RattanIndia Group for its new-age growth businesses. The company is focussed on businesses with cutting-edge technologies, which have the potential to transform the lives of billion-plus Indians. In this direction, the company has forayed into electric mobility space through Revolt Motors to democratise clean commute using next-gen mobility solutions. The company is completely focussed on providing world-class electric mobility products, which are affordable and accessible to every Indian.  

Interestingly, the company released a press release wherein, it mentioned that a wholly-owned subsidiary of the company by the name ‘NeoSky India Limited’ has been incorporated and registered with Registrar of Companies NCT of Delhi with effect from September 20, 2021.  

NeoSky India Limited has been incorporated with the object of engaging in the unmanned aerial vehicle (UAV) drone business. NeoSky India develops a cutting-edge drones system platform focussed on industry applications in India.  

The Government of India is promoting the drone sector in India with recent announcements of liberalised Drone Rules, 2021 and the introduction of a production-linked incentive (PLI) scheme for the drone industry, which seeks to make India, a global hub for drones.  

The company had recently appointed Peeyush Kumar as Head of Drone business. He is the former CEO of Pixella, a drone company in India, and has deep experience in drones, robotics, artificial intelligence & electronics.  

Meanwhile, the stock is up by nearly 779 per cent on a YTD basis.

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