Funding · Government, Defense & Space

RNIT AI Solutions raises ₹26.33 crore via preferential allotment

By Startup Enthusiast · 13 September 2026

What they do

RNIT AI Solutions provides AI-led government and enterprise solutions and SaaS offerings

It raised ₹26.33 crore by allotting 52.66 lakh equity shares at ₹50 each to 18 investors

The funds will be used for expansion in AI solutions, technology platforms, and working capital

RNIT AI Solutions completed a preferential allotment raising ₹26.33 crore.
The company allotted 52,66,537 equity shares at ₹50 per share (face value ₹10, premium ₹40).
18 investors participated, including AIFs (alternative investment funds), strategic investors, and HNIs (high net-worth individuals).
The largest investor was Sageone-Flagship Growth OE Fund, which got 10,00,000 shares (1.18% post-preferential).
Other major allottees include Anupama K Katkar (7,00,000 shares), Chhaya S Katkar (5,00,000), Sanjay Katkar (4,00,000), Visionary Vibes Consultancy Pvt Ltd (4,00,000), and Sunil Aggarwal (4,00,000).
The board approved the allotment on March 28, 2026, and the regulatory filing was signed on March 31, 2026.
All allottees belong to the Public (Non-Promoter) Category.

The company was formerly known as Autopal Industries Limited.
This allotment is part of a Resolution Plan approved by the NCLT Jaipur Bench on September 23, 2024.
The funds will be used for expansion in AI-led government and enterprise solutions, strengthening proprietary technology platforms and SaaS offerings, and working capital.

RNIT AI Solutions provides AI-led government and enterprise solutions.
It also offers SaaS (software as a service) offerings.
The company focuses on proprietary technology platforms for government and enterprise clients.
It was formerly known as Autopal Industries Limited.
The company is listed and has a Managing Director and Company Secretary.

The company will use the funds for expansion in AI-led government and enterprise solutions.
It will also strengthen proprietary technology platforms and SaaS offerings.
Funds will enhance execution capabilities and support business expansion and working capital.

Sageone-Flagship Growth OE Fund (lead) — An AIF (alternative investment fund) that was the largest investor in this round.
Anupama K Katkar (participated) — Individual investor who received 7,00,000 shares.
Chhaya S Katkar (participated) — Individual investor who received 5,00,000 shares.
Sanjay Katkar (participated) — Individual investor who received 4,00,000 shares.
Visionary Vibes Consultancy Pvt Ltd (participated) — Corporate investor who received 4,00,000 shares.
Sunil Aggarwal (participated) — Individual investor who received 4,00,000 shares.