AI stock engaged in the business of software development, providing surveillance, custom robots and many more hit a 5 percent upper circuit in the day’s trade upon forming a strategic partnership to provide and showcase its premium robots.
With a market capitalization of Rs. 625 Crores, the shares of Kody Technolab Limited were trading at Rs. 979.90, up 0.59 percent from its previous day’s close price of Rs. 974.20.
Kody Technolab Limited has partnered strategically with Tuneland – The Music Fest. The Tuneland Gujarat features performances by Bollywood sensations B Praak and Vishal Mishra, where the fusion of music, technology, and culinary delights promises an immersive experience like no other. With an expected attendance of over 2,0000 music lovers and festival-goers.
Through this strategic partnership, Kody Technolab will showcase Athena, India’s most advanced autonomous surveillance robot, ensuring top-notch security by diligently monitoring the entire event to ensure a secure and enjoyable experience for all throughout the festival. Attendees will have the unique opportunity to observe Athena in action, as live feeds display its operational prowess, reinforcing the theme of transparency and innovation.
In addition to Athena, Kody Technolab will showcase Dasher, an autonomous serving robot designed to enhance the attendee experience. Dasher will be actively serving drinks and refreshments to attendees within designated zones, demonstrating the company’s commitment to integrating cutting-edge technology into everyday life and creating more interactive and enjoyable environments.
Manav Patel, Founder of Kody Technolab, expressed his enthusiasm for the partnership: “Our strategic partnership with Tuneland – The Music Fest aligns perfectly with our mission to make technology accessible and beneficial for everyone. Athena is a proof of how AI and robotics can enhance safety and efficiency in public spaces. We are excited to demonstrate this on such a large stage.”
Kody Technolab Limited is engaged in the business of software development services to a diverse set of industries. It offers a wide range of services like custom software development, artificial intelligence implementation and consultation, and many more.
Kody Technolab Limited has recently ventured into the robotics space with its products such as India’s premier surveillance robot Athena, and its custom service robot Dasher.
The company’s revenue from operations grew by 185.21 percent from Rs. 3.84 Crore in FY22 to Rs. 10.95 Crore in FY23, accompanied by increasing profits of Rs. 0.62 Crore to Rs. 3.18 Crore.
Written by: Bharath K.S
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