We use cookies for analytics and ads to improve your experience. You can accept or decline. See our Privacy Policy.
Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

Valuation
Financials (FY2023)
Investment Thesis
RNIT Solutions and Services Limited is an early-stage Hyderabad IT company founded in 2019 by Raja Srinivas Nandigam, focused on application development and AI services. Without publicly available financial metrics, its current scale and profitability remain unverifiable. The company's AI-oriented positioning could offer upside if it successfully scales its client base in Hyderabad's competitive tech market.
Pros
Cons
Business Segments
Application Development
Custom software development and horizontal application building for enterprise clients across verticals
Systems Integration
Integration of disparate enterprise systems, middleware solutions, and digital transformation services
AI & Automation Services
AI-driven solutions and automation services as indicated by the company's rnit.ai branding
Revenue Model
Project-based and retainer IT services revenue from enterprise clients seeking application development, systems integration, and AI-driven automation solutions. Revenue is generated through time-and-material or fixed-price contracts typical of mid-tier IT service companies.
Detailed Analysis
Growth Plans
Growing demand for AI and automation integration services from Indian enterprises and GCCs
Hyderabad's expanding tech ecosystem providing business development opportunities
Industry Tailwinds
Growing demand for AI and automation integration services from Indian enterprises and GCCs
Hyderabad's expanding tech ecosystem providing business development opportunities
Recent Developments
Comparable Companies
MASTECH
KELLTONTEC · ~500 Cr
Frequently Asked Questions
About RNIT Solutions and Services Limited
RNIT Solutions and Services Limited was a Hyderabad-based IT services company incorporated in April 2019, founded by Raja Srinivas Nandigam. The company provided horizontal application development, systems integration, packaged software implementation, and IT support services to clients across sectors. In FY2023, RNIT Solutions reported revenue of Rs. 12.22 Cr (down 28.95% from Rs. 17.20 Cr in FY2022) with PAT of Rs. 1.75 Cr. The company employed approximately 67 staff. RNIT Solutions subsequently underwent an NCLT-approved scheme of amalgamation, merging with Autopal Industries Limited (a listed BSE shell company), which was renamed RNIT AI Solutions Limited. The merged entity debuted on BSE on 24 October 2025. This reverse-merger route — merging a growing private IT company with a listed shell to obtain a stock exchange listing — warrants scrutiny of post-merger business continuity and governance claims. The original RNIT Solutions entity is now classified as 'Amalgamated' in MCA records; the surviving listed entity is RNIT AI Solutions Limited.
Key Milestones
Incorporated in April 2019 in Hyderabad, Telangana by Raja Srinivas Nandigam
Registered under CIN U72900TG2019PLC132226
Common questions about unlisted shares
You buy from and sell to the wisefolio desk — shares route through the desk's demat, money-in before shares-out.
You enquire
· Takes 2 minutesTell us the company and quantity you want. Share your demat details so we can settle directly into your account.
We source & quote
· Typically within 1 business dayOur desk sources the shares and comes back with a firm price and an allocation for the quantity available.
You accept the allocation
· Quote valid for 3 daysReview the price, quantity and total. Accept to lock the allocation. The quote is valid for a short window before it needs re-pricing.
You transfer the funds
· Pay within 2 days of acceptingPay by direct bank transfer to the desk's published account — never to a personal account. We confirm receipt and begin the transfer.
Shares reach your demat
· Usually credited within 2–3 business daysOnce payment is verified, the shares are transferred from the desk's demat into yours, and you receive a transfer confirmation.
A principal desk for unlisted & pre-IPO shares — you transact with us, not a stranger.
You enquire
Takes 2 minutes
We source & quote
Typically within 1 business day
You accept the allocation
Quote valid for 3 days
You transfer the funds
Pay within 2 days of accepting
Shares reach your demat
Usually credited within 2–3 business days
Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
Be the first to discuss RNIT Solutions and Services Limited — share your research, ask questions, or compare notes with other investors.
Industry Headwinds
Early-stage company with limited track record competing against established IT service providers
Potential revenue concentration risk with few anchor clients
Key Strengths
Profitable operations — 14.32% PAT margin in FY2023 despite revenue decline
Hyderabad IT talent pool access for skilled software development
Post-merger listed entity (RNIT AI Solutions) provides public market access
Key Weaknesses
Revenue declining — 28.95% fall in FY2023 to Rs. 12.22 Cr raises sustainability concerns
Reverse-merger via shell company warrants scrutiny of corporate governance
Small scale (67 employees, Rs. 12 Cr revenue) in a highly competitive IT services market
Revenue declined 28.95% in FY2023 — negative growth trajectory
Source: Company Financial Filings
Reverse-merger with Autopal Industries (shell company) to obtain BSE listing — scrutinise governance
Source: AlphaHub Research
Original RNIT Solutions entity now 'Amalgamated' in MCA — continuity of business claims to be verified
Source: AlphaHub Research
As a company incorporated in 2019, RNIT has a limited operating history and may be heavily dependent on a small number of clients for revenue
The IT services mid-market in Hyderabad is highly competitive with thousands of similar-sized firms competing for the same enterprise contracts
High attrition in Hyderabad's IT sector and salary inflation can compress margins for small IT services firms
Established online presence at rnit.ai, indicating an AI and technology-forward positioning

Transline Technologies
Information Technology
₹160
+0.00%

Veremax Technologie Services
Information Technology
₹375
+0.00%

Online Information Technologies
Information Technology
₹0.2
+0.00%

Imperative Business Ventures Limited
Information Technology
₹0.01
+0.00%

Aricent Technologies
Information Technology
₹1.1
+0.00%

Globe Secure Technologies Limited
Information Technology
₹1,000
+0.00%