Nanta Tech Limited Signs Letter of Intent with Connplex Cinemas for 100-Robot RaaS Deployment Worth ₹14.40 Crore
Nanta Tech Limited has signed a Letter of Intent with Connplex Cinemas on 8th June 2026 for a Robot-as-a-Service engagement covering 100 Allbotix AT10 Marketing & Delivery Robots across Connplex's cinema network. The indicative total contract value is ₹14.40 Crore (excluding GST) over a 36-month tenure, with a monthly RaaS fee of ₹40,000 per robot per month. Deployment is planned in 10 phases of 10 units each, commencing June 2026, with a run-rate of ₹40,00,000 per month at full deployment. Nanta Tech retains full ownership of all hardware, software, AI models, and intellectual property under the subscription-based model.

*this image is generated using AI for illustrative purposes only.
Nanta Tech Limited has executed a Letter of Intent (LOI) with Connplex Cinemas for a long-term Robot-as-a-Service (RaaS) engagement involving the deployment and operation of 100 Allbotix AT10 Marketing & Delivery Robots across Connplex's cinema network. The announcement was made on 8th June 2026 pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company, incorporated in June 2023 and headquartered in Ahmedabad, Gujarat, operates through two core verticals: Audio-Visual (AV) and Robotics.
Engagement Structure and Ownership Terms
Under the RaaS model, Nanta Tech will manufacture, supply, deploy, and operate the Allbotix AT10 robots as a fully managed service. Full ownership of all hardware, embedded software, AI models, branding, and underlying intellectual property shall at all times remain with Nanta Tech Limited. Connplex Cinemas will avail service usage rights on a subscription basis, with no capital expenditure obligation on its part.
Key Commercial Terms
The following table outlines the key commercial parameters of the engagement:
| Parameter: | Details |
|---|---|
| Robot Model: | Allbotix AT10 - Marketing & Delivery Robot |
| Total Units: | 100 (One Hundred) Robots |
| Service Model: | Robot-as-a-Service (RaaS) - Service Subscription Only |
| Deployment Plan: | 10 Phases × 10 Units; one batch p.m commencing June 2026 |
| Monthly RaaS Fee: | ₹40,000 per robot per month |
| Contract Tenure: | 36 months from go-live of each unit |
| Run-rate at Full Deployment: | ₹40,00,000 per month |
| Indicative Total Contract Value: | ₹14,40,00,000 (₹14.40 Crore) excl. GST |
| Payment Terms: | Quarterly Advance - 3 months' fees for all deployed units, payable by 1st of each calendar quarter |
| Quarterly Advance at Full Deployment: | ₹1,20,00,000 per quarter |
Note: The deployment schedule is indicative. Final dates will be confirmed in the definitive Master Service Agreement (MSA) and Purchase Order (PO). Initial deployment activities may commence in parallel based on mutual written consent.
Management Commentary
Commenting on the development, Mr. Mayank Jani, Managing Director of Nanta Tech Limited, said: "This Letter of Intent with Connplex Cinemas marks a significant step in our RaaS commercialisation journey and validates the scalability of the Allbotix platform in high-footfall customer environments. The proposed deployment of 100 Allbotix AT10 robots reinforces the growing acceptance of our zero-capex, subscription-based model, under which Nanta Tech retains full ownership of the hardware, software, and IP. The engagement also provides strong revenue visibility and strengthens our recurring revenue base. We look forward to executing the definitive agreements and commencing Phase 1 deployment in line with the agreed timeline."
About Nanta Tech Limited
Incorporated in June 2023, Nanta Tech Limited is an integrated technology solutions company operating through two core verticals: Audio-Visual (AV) and Robotics. The AV vertical encompasses AV integration services, along with product deployment and support, while the Robotics vertical focuses on service robotics solutions, complemented by software and AI-driven capabilities. The company provides end-to-end AV solutions including design, supply, installation, commissioning, and annual maintenance, primarily catering to B2B clients across corporate, education, hospitality, and manufacturing sectors. Through its ALLBOTIX brand, Nanta Tech delivers customized service robots for cleaning, delivery, greeting, and logistics applications, supported by in-house software development, automation, and AI capabilities.
Historical Stock Returns for Nanta Tech
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | +21.45% | +1.12% | +66.87% | +66.87% | +66.87% |
How will Nanta Tech manage the working capital requirements to fund the manufacturing of 100 robots upfront given the quarterly advance payment structure?
Does this LOI with Connplex Cinemas serve as a blueprint for similar RaaS agreements in other high-footfall sectors like airports or retail malls?
What are the potential maintenance and operational costs associated with managing a fleet of 100 robots, and how might they impact net margins?


































