Adani UAE-based JV Sirius Digitech Incorporates Wholly Owned Subsidiary CIL
The incorporation is a strategic move by SDL to broaden its business portfolio, particularly in the rapidly growing field of cloud computing services.
Sirius Digitech Limited (SDL), a UAE-based joint venture of Adani Enterprises Limited, has officially incorporated a wholly owned subsidiary named COREDGE.IO LIMITED (CIL), marking a significant step in its expansion efforts. The company’s intimation regarding this development was received on February 12, 2025, at 11:30 AM.
Company Overview
COREDGE.IO LIMITED (CIL) has been incorporated in Abu Dhabi, UAE, as a wholly owned subsidiary of Sirius Digitech Limited. The incorporation is a strategic move by SDL to broaden its business portfolio, particularly in the rapidly growing field of cloud computing services. While CIL has been officially established, it is important to note that the company has yet to commence its business operations.
Join PSU Connect on WhatsApp now for quick updates! Whatsapp Channel
Key Details of COREDGE.IO LIMITED
Authorized and Paid-up Share Capital: USD 50,000, divided into 50,000 equity shares.
Turnover: Nil, as the company is yet to begin its business operations.
The incorporation of CIL serves as a foundation for potential growth within the cloud computing services industry, and the company is positioned to commence operations once the business infrastructure is fully set up.
Industry Focus: Cloud Computing Services
CIL will operate in the cloud computing services sector, a dynamic and expanding industry that provides innovative solutions for managing data, applications, and digital services across a wide array of platforms. As cloud computing continues to gain traction globally, the establishment of CIL presents an exciting opportunity for SDL to diversify and strengthen its presence within this rapidly evolving market.
Ownership and Control
Sirius Digitech Limited holds 100% of the share capital of COREDGE.IO LIMITED, effectively making it a wholly owned subsidiary. This full ownership structure allows SDL to have complete control over the strategic direction, operations, and future growth of CIL.
Read Also : IAS Officer Dr. Heera Lal bestowed with Impact Beyond Measure CSR Award in Goa