Aqylon Nexus Limited Enters into MoU with AITMC Ventures Private Limited to Expand AI Training Initiatives
Aqylon Nexus Limited, formerly known as Sri Adhikari Brothers Television Network Limited, announced a Memorandum of Understanding (MoU) with AITMC Ventures Private Limited on March 30, 2026. The collaboration aims to expand AI skills training for youth across India, with a focus on non-metropolitan cities, towns, and rural areas.The MoU outlines a framework for a joint AI skilling program, with AITMC Ventures Private Limited deploying training through its 70 training centers across 16 Indian states. Aqylon Nexus Limited will contribute its AI Code Platform and trained faculty to deliver a structured three-month course focused on practical, income-linked AI education.
The initiative aims to train a minimum of 30,000 professionals annually, with an estimated total annual capacity of approximately 33,600 candidates (480 per center x 70 centers). The program intends to align with national government initiatives including the National Entrepreneurship Drive (NED), NSDC programs, Digital India, and Skill India. Trained candidates will be prepared for roles such as AI Web Designers, AI Content Creators, AI Chatbot Builders, Freelance AI Developers, AI Data Operators, and related AI professions. The parties intend to build a replicable, scalable, and outcome-oriented training model.
The MoU serves as a broad framework for cooperation and does not constitute a legally binding agreement. Any definitive agreements will require mutual consent, due diligence, internal approvals, and compliance with applicable statutory and regulatory requirements.
Details Regarding the Agreement
| Particulars | Details |
|---|---|
| Name(s) of parties | AITMC Ventures Private Limited |
| Purpose of agreement | To establish a collaborative framework to deliver AI skill training and create income-oriented opportunities. |
| Shareholding | NIL |
| Significant terms | The MoU outlines a non-binding framework. It does not grant special rights like the right to appoint directors or restrictions on capital structure changes. |
| Related Parties | None of the parties are related to the promoter/ promoter group/group companies. |
| Related Party Transaction | No |
| Issuance of Shares | Not Applicable |
| Other Disclosures | Not Applicable |
| Agreement Validity and Termination | The MoU is valid for two years from March 28, 2026, and can be terminated with 90 days' written notice. |
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