Ceinsys Tech Incorporates Joint Venture AASTRA AI India

Ceinsys Tech Limited has announced the incorporation of its joint venture company, AASTRA AI India Private Limited, on November 3, 2026. This JV is a 50:50 partnership with AI Fabrik Inc, USA. AASTRA AI India Private Limited will focus on creating sovereign AI infrastructure and services platforms in India, specifically for AI NEO cloud, catering to government, citizen services, companies, cybersecurity, and defense use cases. The initial authorized share capital is ₹20,00,000, divided into 2,00,000 equity shares of ₹10 each, with an initial paid-up capital of ₹10,00,000. The company has confirmed that the transaction is at arm's length and that promoters/promoter groups have no interest in the acquired entity. The turnover for AASTRA AI is currently nil as it is a newly incorporated entity.