Adani-IHC JV acquires cloud platform company Coredge.io from Parserlabs

Via this agreement, Coredge.io, which offers AI and cloud services, will enable Sirius Digitech to provide Machine Learning as-a-Service.

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26 Aug, 2025 12:21

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Sirius Digitech, a joint venture between Adani Group and International Holding Company, on July signed binding pacts to buy Coredge.io Private Limited, an AI and cloud platform company.

As per the regulatory filing, Adani Group will buy 77.5 percent stake in Coredge's parent Parserlabs India. Parserlabs owns 100 percent of Coredge.io. The cost of acquisition will be Rs. 20,000 per equity share having face value of rupee 1 each.

Via this agreement, Coredge.io, which offers AI and cloud services, will enable Sirius Digitech to provide Machine Learning as-a-Service.

Coredge.io offers secure and compliant cloud services for AI applications safeguarding data sovereignty and supports clients across Japan, Singapore and India. It will will enable Sirius Digitech to provide Machine Learning as-a-Service

“As nations increasingly prioritise data security, it is more important than ever that organisations have the option to retain their data within national borders rather than relying solely on the public cloud. Sovereign Data Centers become extremely important for
protecting sensitive information and maintaining national security, given the exponential growth in artificial intelligence-driven demand for computation and sovereign data stack,” said Jeet Adani, Director of Adani Group. “An additional benefit of this acquisition is our ability to put AI capabilities directly in the hands of organisations that require specialised sovereign cloud services for AI training and inferencing," he added.

Ajay Bhatia, CEO of Sirius International Holding said, “This step underscores our commitment to offering a portfolio of secure, trusted and localised cloud AI technologies to our customers and partners."

Further, Arif Khan, CEO of Coredge.io added, “Partnering with Sirius marks an exciting new chapter for our sovereign AI and cloud platform business, both in India and globally."

Meanwhile, shares of Adani group's flagship company Adani Enterprises closed marginally up at Rs 3,110 apiece on BSE on July 16 against its previous close.

In a move to go with with AI, the Adani Group, led by Gautam Adani, had last year announced that it has formed a joint venture with a unit of UAE’s International Holding Co. to explore artificial intelligence and other technologies, signaling deepening ties between the Indian conglomerate and its Middle-East backers.

Adani Global Ltd. and IHC’s Sirius International Holding Ltd. will own 49 percent and 51 percent respectively in the Sirius Digitech International Ltd., which will be based in Abu Dhabi, as per the statement released in December 2023. Both partners will have an equal representation on the board of new entity which will also explore Internet of Things and blockchain besides AI, it had added.