India’s publicly traded robotics and AI solutions provider Kody Technolab Limited (KTL) enters into an exclusive joint venture with the UAE-based Platinum Group for Businessmen Services L.L.C. The JV is named Falcon Tech Robotics LLC and will manufacture ‘Made in UAE’ robots for diverse industries.
This landmark joint venture marks a historic milestone for Kody Technolab Limited as it becomes the first Indian listed company to collaborate with Platinum Group. Falcon Tech Robotics will exclusively serve the Middle East region, laying a foundation for future innovation and growth.
Falcon Tech Robotics LLC represents the first step in Kody Technolab Limited’s ambitious global strategy to expand its footprint in international markets. Through this joint venture, the company is poised to lead India’s foray into the global robotics landscape, while strengthening economic and technological ties with the UAE. With the Platinum Group holding a 60% stake and Kody Technolab Limited a 40% stake, the joint venture ensures a balanced and collaborative approach to achieving mutual growth.
Kody Technolab Limited’s extensive research and development efforts have culminated in the provision of cutting-edge robotic solutions, development kits, integrated software solutions, and proprietary technical expertise for Falcon Tech Robotics. These components will be used to make robots in the UAE, which will then be marketed locally and exported to GCC countries and the broader Middle East region exclusively.
Falcon’s defense and surveillance robots enhance national security and tactical operations, while experiential marketing robots revolutionize engagement in retail and advertising. In hospitality, service robots are redefining customer experiences across hotels, restaurants, and healthcare. Additionally, cleaning robots are automating sanitation processes in commercial spaces, healthcare facilities, and public infrastructure, ensuring superior hygiene and efficiency.
The Platinum Group is a renowned UAE-based conglomerate celebrated for fostering innovation and economic growth in the region. With its deep-rooted legacy in Asset Management, Real Estate, Oil & Gas, Sports Entertainment, IT, Medical, Gold, Food, Defense, and Industrial engineering. The group brings unparalleled market knowledge and state-of-the-art facilities to the joint venture. This partnership highlights the Platinum Group’s ability to foster international cooperation and drive economic diversification in the UAE.
Falcon Tech Robotics LLC embodies the shared vision of India and the UAE to lead in technological innovation, create skilled jobs, and boost economic diversification. By producing “Made in UAE” robotics solutions and exporting them exclusively across the GCC region, the venture highlights the growing strength of the India-UAE trade corridor.
Manav Patel, Managing Director of Kody Technolab Limited, remarked, “This partnership with the Platinum Group is a testament to Kody Technolab Limited’s expertise in robotics and our commitment to global innovation. Together, we aim to revolutionize the robotics sector, fostering economic growth and strengthening India-UAE ties. Falcon Tech Robotics represents the culmination of shared vision, technological leadership, and international collaboration that will pave the new age for India-UAE Trade corridor.”