RattanIndia Enterprises has reported impressive financial results for Q1, while its subsidiary Revolt Motors launches an attractive Independence Day promotion.

Q1 Financial Highlights

• Total income: Rs 2,317.00 crore
• Profit after tax: Rs 502.00 crore
• Cocoblu Retail revenue: Rs 1,663.00 crore (16% increase from Q1 of previous year)
• Cocoblu Retail orders: 3.20 crore in Q1, 34.00 crore since inception

Revolt Motors Performance

• Achieved milestone of 50,000th electric bike rollout
• Sold 12,322 units in the previous fiscal year
• Expanded dealer network to 211 stores across 185 cities and 24 states

'Azadi From Petrol' Independence Day Offer

Revolt Motors has launched an Independence Day promotion called 'Azadi From Petrol,' offering benefits worth Rs 20,000.00 on their electric vehicles. The offer includes:

1. Zero Insurance Fee: Free insurance coverage valued up to Rs 7,000.00
2. Cash Savings: Additional cash benefits of up to Rs 13,000.00

This promotion is valid from August 11 to August 16, at all authorized Revolt dealerships across India.

Product Lineup

Revolt Motors offers electric motorcycles including:

• RV400
• RV400 BRZ
• RV1
• RV1+
• RV BlazeX

Other Business Highlights

• NeoSky won tenders for supplying 60 Tavas drones to Karnataka police and received ISO certification
• RattanIndia Enterprises featured in Fortune Magazine's list of 500 largest companies in India, moving up 25 spots to 363rd place
• RattanIndia Power reported EBITDA of Rs 196.00 crore with 91% plant load factor and 97% availability for its Amravati thermal power plant

Company Perspective

Mrs. Anjali Rattan, Chairperson of RattanIndia Enterprises, commented on the Revolt Motors initiative: "Azadi From Petrol is not just an offer, it's a call to action for riders to choose freedom from rising fuel prices, frequent maintenance, and outdated technology. This Independence Day, we invite every Indian to make the switch to electric with Revolt and experience a smarter, cleaner, and more cost-effective way to ride."

As India celebrates its 78th Independence Day, Revolt Motors' 'Azadi From Petrol' campaign aligns with the national spirit by promoting freedom from conventional fuel dependencies and encouraging a shift towards cleaner, more sustainable transportation options.

RattanIndia Enterprises Limited 's wholly-owned subsidiary, NeoSky India Limited, has forged a significant partnership with the Karnataka Government to enhance security measures through drone technology deployment. This collaboration marks a substantial step forward in integrating advanced surveillance systems into law enforcement and administration.

Drone Deployment and Future Plans

NeoSky has already supplied drones to the Kalaburagi district administration and is set to provide an additional 60 Tavas drones to the Karnataka Police. The Tavas drone, known for its foldable design, features swappable payloads and six-sided obstacle avoidance using LiDAR technology.

At an event presided over by Karnataka Home Minister Shri Gangadharaiah Parameshwara, NeoSky officially handed over NS01 and Nimble-i surveillance drones to the Kalaburagi administration. The NS01 is a micro drone weighing approximately 550 grams, equipped with a day camera, while the Nimble-I boasts day & night surveillance capabilities, swappable payloads, and AI-enabled features.

Government Vision and Support

Shri Gangadharaiah Parameshwara, Home Minister of Karnataka, expressed the government's vision, stating, "Our vision is to equip every police station in the State with drones. These drones will enhance the agility and responsiveness of our forces. Their indigenous design reflects how local innovation can serve public interest."

Skilling Initiative

NeoSky has partnered with the Karnataka government to launch a major skilling initiative. The company will train 500 youth from Kalaburagi district, providing them with DGCA-approved drone pilot licenses. This initiative was announced by Shri Priyank Kharge, Minister for IT, BT, Rural Development & Panchayat Raj.

Commenting on this initiative, Shri Kharge said, "Our technological strength should become a catalyst for rural transformation and throw open opportunities. Drones are among the fastest-growing sectors globally. By training our youth in cutting-edge drone technology, we are preparing them for future jobs while fostering local innovation and tech-driven ecosystems."

NeoSky's Expertise and Reach

NeoSky has been actively collaborating with Indian armed forces, paramilitary forces, and state police to support the nation's evolving security needs. The company holds a 10-year DGCA license to train and certify drone pilots in India and is currently training 500 graduates and postgraduates from agricultural universities.

Mrs. Anjali Rattan, Chairperson of RattanIndia Enterprises Limited, commented on the partnership, saying, "NeoSky's partnership with the Government of Karnataka reflects our deep commitment to building a safer and more self-reliant India. Supplying 60 Tavas drones is a step forward in that mission. But what excites me even more is welcoming 500 youth from North Karnataka into our drone skilling programme—because real impact happens when technology uplifts lives."

About RattanIndia Enterprises

RattanIndia Enterprises Limited (REL) is the flagship company of the RattanIndia Group, focusing on building and scaling new-age, technology-led businesses in India. As a public-listed company with a market capitalization of approximately ₹7,000.00 crore, REL is featured in the Fortune 500 India list. The company is driving innovation across various sectors including Electric Mobility (Revolt Motors), E-commerce (Cocoblu Retail), Fashion Brands (Neo Brands), Fintech, and Drones (Neosky).

This partnership between NeoSky and the Karnataka Government represents a significant step towards enhancing security measures and creating skilled employment opportunities in the rapidly growing drone technology sector.