Adani Enterprises Limited, via its wholly-owned branch Adani Global Limited, and Sirius International Holding Limited (Sirius), a subsidiary of International Holding Company (IHC) based in the UAE, has inked an accord to establish a fresh collaborative venture named Sirius Digitech International Limited (Sirius JV) situated in Abu Dhabi. The ownership structure of Sirius JV will comprise 51 percent held by Sirius and 49 percent held by Adani Global.
Adani Global Limited and Sirius International Holding Limited stand as pioneering entities in their respective domains. Adani Global Limited, a diversified conglomerate with interests spanning energy, logistics, and infrastructure, boasts a global footprint. Meanwhile, Sirius International Holding Limited is at the forefront of AI and enterprise blockchain solutions for industrial applications. Together, they’re set to revolutionize industry operations by leveraging Adani’s expansive industrial testbed to validate and scale Sirius’s cutting-edge innovations, propelling efficiency, productivity, and transformative business models. The partnership between Sirius and Adani, known as Sirius JV, aims to harness Sirius’ global digital expertise alongside Adani’s strategic insights to tap into India’s burgeoning digital economy, which is currently valued at $175 billion. This digital landscape is rapidly advancing and is projected to reach a staggering $1 trillion by 2030. The Sirius JV plans to implement a comprehensive network of digital platforms, utilizing the expansive capabilities of artificial intelligence (AI), Internet of Things (IoT), and secure blockchain technologies. These efforts will span across infrastructure sectors and extend into emerging domains such as fintech, healthtech, and greentech.
As per the resources, spokesperson at Sirius International Holding, has commented, “We are pleased to embark on this transformative journey alongside Adani Enterprises. The partnership reflects a formidable commitment to address key challenges and unlock unprecedented opportunities in the rapidly evolving digital landscape. We believe that Sirius’s expertise and Adani’s dynamic approach will be instrumental in empowering businesses to thrive in the digital era with advanced technologies that optimize industries, streamline processes and foster growth.” As per the resources, spokesperson at Adani Enterprises, has stated, “Inexpensive sensorization and the power of artificial intelligence are opening up new ways to drive extreme levels of efficiency, ensure real-time decision making, and rapidly deploy transformative business models. The power of compute and the ability to deliver green energy to data centers creates a unique combination of strengths that we bring to this partnership with Sirius International Holding which has a portfolio of the most exciting digital companies relevant in today’s era.”
Sirius JV plans to initiate the implementation of advanced AI and enterprise blockchain offerings tailored for industrial use. They aim to utilize the extensive industrial testing grounds provided by the Adani Group to validate and expand the reach of their solutions. Incorporating digital industrial solutions into their processes enables companies to unlock significant levels of efficiency, productivity, and innovation. In numerous instances, this integration leads to a complete overhaul of their business models. The completion of the transaction hinges on meeting standard closing requirements, which include obtaining essential approvals.
