RattanIndia Enterprises Ltd Share Price

History of RattanIndia Enterprises Ltd

RattanIndia Enterprises Limited, formerly known as Indiabulls Infrastructure & Power Limited was incorporated on November 9, 2010. In November 2011, pursuant to the Scheme of Arrangement, the Power Business Undertaking of Indiabulls Real Estate Limited (IBREL) got demerged into the Company effective on April 1, 2011. In period 2014-15, the Company changed the name from 'Indiabulls Infrastructure & Power Limited' to 'RattanIndia Infrastructure Limited' on November 3, 2014 and from RattanIndia Infrastructure Limited to RattanIndia Enterprises Limited on April 07, 2021. The Company is into the business of Manpower/Human Resource Supply and Consultancy, Payroll Management Services, Technology Business and Other Related Activities. During the financial year 2020-21, the Company entered into ...the business of manpower/human resource supply and consultancy, payroll management services and other related activities. A wholly owned subsidiary of the Company by the name Neotec Enterprises Limited' was incorporated w.e.f. March 17, 2021. Further on June 19, 2021 the Company acquired 100% stake in RattanIndia Investment Manager Private Limited thus making it a wholly owned subsidiary of the Company. During the financial year 2022-23, Neosky India Limited, a wholly owned subsidiary of Company in Throttle Aerospace Systems Private Limited (TAS) acquired 60% equity stake in TAS and subsequent to the said investment, TAS became a step-down subsidiary of the Company. The Company had acquired 66.16% of the Equity Share Capital of Revolt, resulting in an increase in the Company's stake in Revolt from 33.84% to 100%. Consequent to the acquisition, Revolt became a wholly owned subsidiary of the Company. The Company further acquired 100% Equity Share Capital of Neobrands Limited, making it a wholly owned subsidiary of the Company. Following the acquisition, FY2024 saw the launch of a new model, RV400 BRZ, featuring an operational range of 150 km and available in 5 colors. The Company also introduced four new colour variants for the existing RV400 model. Revolt also introduced its first company owned, company operated (COCO) store in New Delhi in FY24. Revolt has made significant strides in expanding its dealership network, demonstrating aggressive growth over the past year. The number of dealer stores increased to 115, marking a fourfold increase year-over-year in 2024. The Company entered into a Business Transfer Agreement with RattanIndia Technologies Private Limited to purchase its Technology Segment and is providing services to the Company's subsidiaries to develop their technology platforms in FY24. It also established the first company-owned, company operated (COCO) store in Karol Bagh, New Delhi in 2024. Additionally, it has launched drones with wireless charging stations, providing greater convenience and operational efficiency. The Company launched its fifth EV, the RV BlazeX, in February 2025. The dealer network expanded, reaching 206 stores from 115 in FY25. Internationally, Revolt entered Sri Lanka and Nepal with 12 and 15 dealerships, respectively, marking a strategic step into global expansion. Company has acquired Cocoblu Quick Commerce Limited on February 04, 2025, to enter into Multi brand retail business/ Quick commerce business.