Adani Enterprises Limited (AEL) has announced the incorporation of a wholly owned subsidiary under its UAE-based joint venture, Sirius Digitech Limited (SDL). The new entity, named COREDGE.IO LIMITED (CIL), is set to operate in the rapidly growing cloud computing industry.
The incorporation of CIL was officially confirmed on February 12, 2025, at 11:30 AM, following regulatory intimation. This development highlights Adani Group’s expansion into next-generation digital infrastructure, complementing its existing diversified business portfolio.
Key Highlights of the Incorporation:
- Entity Name: COREDGE.IO LIMITED (CIL)
- Location: Abu Dhabi, UAE
- Parent Company: Sirius Digitech Limited (SDL), a joint venture of Adani Enterprises
- Industry: Cloud Computing Services
- Share Capital: USD 50,000, divided into 50,000 equity shares
- Operational Status: Yet to commence business activities
The move aligns with Adani Enterprises’ broader digital and technological ambitions, tapping into the ever-growing demand for cloud-based solutions. While financial transactions and government approvals were not required for this incorporation, the new subsidiary is expected to drive innovation and technological advancements in the Middle Eastern market.
With SDL holding a 100% stake in CIL, the newly formed subsidiary is poised to emerge as a key player in cloud services and digital transformation.
Cloud computing is a high-growth sector, with enterprises worldwide accelerating their digital transformation initiatives. With this latest expansion, Adani Enterprises is set to explore new opportunities in AI-driven cloud solutions, data storage, and digital infrastructure.
This strategic step reinforces Adani’s commitment to technological innovation, potentially unlocking new revenue streams and global market presence in the cloud computing industry.
