Adani Enterprises Completes 100% Acquisition of Parserlabs India

Adani Enterprises has announced that Sirius Digitech Limited, a joint venture of Adani Global Limited, Mauritius, has acquired the remaining 22.5% stake in Parserlabs India Private Limited (PIPL).

The transaction, completed on March 19, 2025, marks a significant step in the Adani Group’s expansion into the data centre and cloud services sector.

Full Ownership Following Initial Acquisition

The latest purchase follows Sirius Digitech’s initial acquisition of a 77.5% stake in PIPL, which was announced on July 16, 2024. With this ₹45 crore transaction, PIPL is now a wholly-owned subsidiary of Sirius Digitech.

About Parserlabs India and Its Subsidiary

Founded on March 25, 2019, PIPL is a parent company of Coredge.io India Private Limited (CIPL), a deep-tech startup specialising in sovereign AI and cloud platforms.

CIPL’s products are designed for cloud providers, government agencies, and telecom service providers, reinforcing its position in India’s digital infrastructure ecosystem.

Financial Growth and Acquisition Details

PIPL has demonstrated robust revenue growth over the years, reporting a turnover of ₹45.63 crore in FY 2023-24, up from ₹28.94 crore in FY 2022-23 and ₹12.09 crore in FY 2021-22.

Sirius Digitech acquired the remaining 22,500 equity shares (₹1 face value each) at ₹20,000 per share, completing the deal through a cash transaction.

Strategic Expansion in Data Centre and Cloud Computing

Adani Enterprises stated that this acquisition strengthens its capabilities in the data centre and cloud computing sector.

With full ownership of PIPL, the Adani Group is poised to leverage its expertise in digital infrastructure to drive innovation and growth in cloud services and AI-powered solutions.

Stock Performance 

On March 20, 2025, Adani Enterprises share price ended 0.77% higher at ₹2,339.05. Adani Enterprises’ share price reached a 52-week high of ₹3,743, and a 52-week low of ₹2,026.90. As per BSE, the total traded volume for the stock stood at 0.89 lakh shares with a turnover of ₹20.78 crores.

At the current price, Adani Enterprises shares are trading at a price-to-earnings (P/E) ratio of 106.22x, based on its trailing 12-month earnings per share (EPS) of ₹22.02, and a price-to-book (P/B) ratio of 15.23, according to exchange data.

Conclusion 

The full acquisition of Parserlabs India marks a strategic move by Adani Enterprises to strengthen its presence in the data centre and cloud computing sector.

With complete ownership, the company aims to drive innovation, expand its digital infrastructure capabilities, and enhance AI-powered solutions, reinforcing its commitment to advancing India’s technological landscape and digital transformation efforts.

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