Kellton Tech Share Price Surges 6% After AI MoU with Hungary’s E-Group; Stock Up 200% in 5 Years

Kellton Tech Solutions share price (NSE: KELLTONTEC) jumped 6% on Wednesday after the company signed a Memorandum of Understanding (MoU) with Hungary’s E-Group ICT Software Zrt. The stock has already delivered a 200% gain in the last 5 years, making it a multibagger.

The AI Partnership

Through this MoU, Kellton Tech plans to set up an AI Gigafactory to strengthen its AI services. The project aims to build a human-centred AI ecosystem by combining Europe’s focus on sovereignty and innovation with India’s strength in technology and execution.

This initiative is also part of the Budapest Initiative, which promotes a transparent, secure, and resilient framework for AI, data, and cloud services.

Company’s Outlook

Kellton’s CEO (APAC), Karanjit Singh, said the collaboration will help shape a sovereign and ethical AI roadmap, using expertise in AI, Generative AI, Cloud, and Cybersecurity.

The company highlighted that this partnership aligns with Europe’s push for autonomous AI systems, while leveraging India’s innovation and delivery strength.

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About Kellton Tech Solutions

Kellton Tech Solutions Ltd. is a global IT company from India that focuses on digital engineering and technology consulting. It is headquartered in Hyderabad and also has offices in the United States and Europe. In FY22-23, the company reported net revenues of USD 110.6 million and employs over 1,800 people.

Conclusion

Kellton Tech’s AI collaboration with Hungary’s E-Group has boosted investor sentiment, reflecting its focus on global technology partnerships. 

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