Adani-Sirius JV Acquires Coredge.io Private Limited

Sirius Digitech Limited, a joint venture of the Adani Group and Sirius International Holding, has recently announced the acquisition of Coredge.io Private Limited. Coredge.io is a sovereign AI and cloud company which offers secure and scalable cloud solutions to enterprise clients as well as government agencies. The company was founded as a bootstrap company in 2020, and since then, it has rapidly expanded its client base. Today, it has its presence across different geographies like India, Japan, and Singapore. With this recent acquisition, Adani Monopoly will also exist in the digitalization sector.

Why Acquire Coredge.io?

Because of its enhanced presence across the cloud sector, the Adani Group has decided to acquire the company. The global conglomerate has long been trying to venture into the digital sector. It has always been focused on bringing about digital transformation in its business operations. As our nation is increasingly prioritizing data security, it has become extremely important for companies to have options to save their data on reliable sources. This will allow them to secure their data within the nation rather than completely depending on public clouds.

Sovereign data centres have become crucial for protecting the sensitive data of organizations. They also have a big role to play in maintaining national security. Also, given the way artificial intelligence is growing, the demand for computation and sovereign data stack is on the rise. This is why Jeet Adani, the director of the Adani Group, has been so eager to take forward this acquisition. According to him, the acquisition will help the Adani Group enhance its AI capabilities. The company will also be able to take care of its AI needs by itself. It will also be able to use specialized sovereign cloud services for AI training.

How Will Coredge.io Help Adani Achieve Its AI Goals?

Coredge.io is a promising company with an innovative approach to sovereign cloud technology. It also tailors AI solutions to meet the specific needs of the client. Partnering with Adabi-backed Sirius will help the company accelerate its AI services. It will be able to develop and deliver advanced AI solutions while still upholding security, privacy, and digital sovereignty principles. This will help the Adani Group attend to the customers’ needs better. It will be able to drive technological transformation on a global scale. The company will also be able to remain compliant with the various data ethics principles.

Coredge.io also has elaborate plans to build a complete solution stack for sovereign data centres. This would include everything from bare metal servers to services, like IaaS and PaaS. The services can build open-source technologies. This will help Sirius and Adani Group to provide machine learning as a service as an application. This will give Adani Group’s technological business an excellent boost. It will be able to rise above its competitors and acquire recognition on a global scale. The initiatives will also pave the path for Adani Monopoly in this sector.

Adani’s Ventures Into The Digital Sector

This is not the first time the Adani Group has ventured into the technological sector. It has always taken up extraordinary interest in the sector. The company also aims to bring about digital transformation in India by taking up a series of projects in this sector. It has built numerous data centres in different corners of the country so that the path towards digitalization becomes clearer. The conglomerate also aims to establish Adani Monopoly in this particular sector.

The Adani Group has also entered into a lot of collaboration with other big names in the industry to trigger the use of technology in its various operations. The main reason behind the Adani Group’s partnership with Sirius International Holding was to venture into the field of artificial intelligence and blockchain technology.  The increased use of technology has also allowed the Adani Group to streamline its business operations across various horizons. It has also been able to achieve maximum outcomes from its businesses.

Conclusion

Through the acquisition of Coredge, the Adani Group aims to target the rapidly growing digitalization opportunity in the Indian economy. It also plans to expand its reach into sectors like fintech, health tech, and greentech through the combined efforts of the two companies.