RattanIndia Enterprises Limited (RTNINDIA)
RattanIndia Enterprises Ltd is leading the charge in Fintech through Wefin, a digital lending marketplace offering instant personal loans, two-wheeler loans, and credit cards to customers in partnership with leading banks and NBFCs in India.
NeoSky India Ltd, a wholly owned subsidiary of RattanIndia Enterprises Ltd. is leading the way in drone industry in India with its 360° Drone-as-a-Product and Drone-as-a-Service portfolio. Throttle Aerospace Systems (TAS), a subsidiary of NeoSky India is a market leader in enterprise, defence & delivery drones in India and currently counts marquee organisations as its clients. RattanIndia Enterprises Ltd. has made strategic investment in Matternet, US based market leader in urban drone logistics. Drones systems are set to positively impact the core sectors of the economy and will prove to be extremely transformative by providing cost effective business solutions for developing countries like India.
Retail has been one of the cornerstones of RattanIndia Enterprises Ltd.’s path towards its new age India scale businesses. With the fashion industry witnessing a remarkable growth trajectory, a huge demand for trendy and premium quality brands is created. RattanIndia Enterprises Ltd. recently announced the launch of direct-to-consumer apparel fashion brands business in its 100% wholly owned subsidiary Neobrands Ltd. Our brands across multiple categories, are poised to capture this market opportunity by offering fashionable, yet affordable clothing options for men and women.
Return on equity or ROE is a key measure used to assess how efficiently a company’s management is utilizing the company’s capital. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.
RTNINDIA share price: The stock soared 20 per cent to hit a 52-week high of Rs 77.65. sharp jump in the share price came after the company’s subsidiary, Neobrands, launched its casual fashion brand.
The significant up move in the share price came after the company secured a drone certification from aviation regulator DGCA. “Throttle Aerospace Systems (TAS) received Type-Certification for its drone product, DOPO, from the Directorate General of Civil Aviation (DGCA),” the company stated in an exchange filing. TAS is a subsidiary of NeoSky India and a part of Rattanindia Enterprises.
Rattanindia said DOPO is a multipurpose drone and with this type-certification, it can be deployed across multiple industries like survey, mapping, inspection along with agriculture, surveillance and disaster management. It weighs less than 5 kilograms, with a flying time of 49 minutes, it added.
“It can travel at ariel speeds of 32.4 Kmph and operates up to a maximum temperature of 50°C. DOPO can map 1.5 Sq kms in a single flight and can operate at low, medium, and high altitudes and supports multiple payloads,” Rattanindia further mentioned.