Adani-backed Coredge crosses ₹100 crore revenue, bets on sovereign AI to expand biz
Coredge.io, a deep technology startup that provides a sovereign AI and cloud software stack, said it crossed ₹100 crore in revenue in the fiscal year 2026 and is seeing increasing demand across its operating segments on the back of government and private sector-led initiatives.
The Noida-headquartered Coredge is a subsidiary of Sirius Digitech, a joint venture of the Adani Group and Sirius International.
“We crossed ₹100 crore in revenue in the last financial year, and we have been growing fast with profitability in check, largely on the back of multi-year platform and managed-services contracts rather than one-off deployments, which is the revenue mix we want,” Sourav Jena, CEO, Coredge, told TechGig in an interview.
Across its operating segments, it competes with established players including Nutanix, VMware by Broadcom, Red Hat, Wind River, and OVHcloud.
Coredge has a business presence across government, public sector, telecom, cloud service providers, and regulated enterprise verticals, where sovereignty and regulatory compliance are strategic priorities.
In recent months, Indian conglomerates, hyperscalers, and data center operators have cumulatively committed multi-year, multi-billion-dollar investments to develop mega computing facilities in the country in response to growing AI consumption, data localisation, and sovereignty requirements.
In February, the Gautam Adani-controlled Adani Group said it would invest $100 billion to develop renewable-energy-powered, hyperscale AI-ready data centres by 2035.
Jena added that Coredge continues to see strong demand driven by AI adoption, cloud modernisation, and increasing interest in sovereign digital infrastructure. “We remain focused on building a sustainable, long-term business while continuing to invest in innovation.”
Its “Dflare AI” platform enables infrastructure orchestration, Kubernetes, virtualisation, multi-cloud operations, and AI infrastructure management, and covers the full AI lifecycle from GPU provisioning through to inference.
Most AI workloads in India are presently concentrated on inference, when a trained model decides, predicts, or responds to a user’s queries. By comparison, advanced economies such as the United States, China, and the UAE dominate AI training.
“Inference demand will significantly outpace training. This is since a model is trained once but queried indefinitely.”
But the major challenges for India as it rapidly adopts artificial intelligence technology include scaling infrastructure while ensuring sustainable economics; building software platforms that maximise GPU utilisation and efficiency; and developing engineering talent across cloud, networking, distributed systems, and AI operations, according to Coredge.
Over the next few years, it said it would invest to support complex AI workloads; deepen partnerships to expand business in India and international markets; and expand its developer platform to enable customers and partners to build, deploy, govern, and monetise AI applications.
The chief executive said, “Our long-term ambition is to help establish India as a global leader in sovereign AI infrastructure by providing the software platform that powers the next generation of AI clouds.”
In March 2025, Adani Enterprises, through Sirius Digitech, fully acquired cloud and AI company Parserlabs India (PIPL) by purchasing its remaining 22.5% stake for ₹45 crore, following an initial 77.5% stake acquisition in July 2024.
Subsequently, PIPL became a wholly-owned subsidiary of Sirius Digitech.
Founded on March 15, 2019, PIPL owns 100% of Coredge.
