RNIT AI Solutions makes debut on Bombay Stock Exchange
Hyderabad-based RNIT AI Solutions Ltd marked a major milestone with its listing on the BSE and NSE. The AI governance company, founded in 2019, recently merged with Autopal Industries to strengthen its financial and technical capabilities.
Hyderabad: Hyderabad-based RNIT AI Solutions Ltd, a company in the field of Artificial Intelligence-driven governance and enterprise transformation, marked a significant milestone with its successful listing on the Bombay Stock Exchange (BSE).
The ceremonial bell was rung by Raja Srinivas Nandigam, Managing Director and CEO of RNIT AI Solutions Ltd, signifying the company’s official debut under the trading symbols BSE: RNITAI and NSE: RNITAI, a press release said on Friday.
Speaking on the occasion, Raja Srinivas Nandigam said, “Our public listing is not just a financial milestone, it is a mission milestone. At RNIT, we believe AI must become the backbone of governance and enterprise transformation in India. This listing empowers us to scale our vision of Responsible AI across governance, education, healthcare and food ecosystems.”
Since its inception in 2019, the company has implemented AI-powered Facial Recognition and Beneficiary Tracking Systems that have collectively handled over 3 billion identity verifications across more than 300 departments, making it India’s largest SaaS provider of AI-based identity and management systems, the press release added.
In 2023, the company completed a strategic merger with Autopal Industries Ltd, approved by the National Company Law Tribunal (NCLT). The merger strengthened its technical and financial foundation and paved the way for RNIT’s transformation into a leading AI enterprise.
