AVATAR Industries Limited Incorporates Wholly Owned Subsidiary to Focus on AI and Technology
AVATAR Industries Limited, formerly ASL Industries Limited, has established a new wholly owned subsidiary to expand its focus into artificial intelligence and technology enterprises. The newly incorporated entity is named AVATAR AI MINDLAB PRIVATE LIMITED and was formally brought into existence on 28th July 2026.The incorporation marks a strategic move by the parent company, as the subsidiary is intended to play a key supporting role in AVATAR Industries Limited's overall business expansion. The purpose of the new entity involves undertaking activities related to information technology, computer services, software development, and digital solutions.
AVATAR Industries Limited has taken 100% control of the new enterprise. The company fully subscribed to the 50,000 equity shares of AVATAR AI MINDLAB PRIVATE LIMITED.
Key details regarding the subsidiary's structure and the investment made by AVATAR Industries are as follows:
| Particulars | Details |
|---|---|
| Subsidiary Name | AVATAR AI MINDLAB PRIVATE LIMITED |
| CIN | U62099MH2026PTC474070 |
| Total Shares Acquired | 50,000 equity shares |
| Share Face Value | Rs. 10/- each |
| Authorized Share Capital | Rs. 5,00,000/- (Rupees Five Lacs Only) |
| Cost of Acquisition | Subscription amount paid in cash at face value |
AVATAR AI MINDLAB PRIVATE LIMITED is positioned as an enterprise dealing with Artificial Intelligence (AI) education and technology. Its scope includes offering training, certifications, research, and skill development through digital and offline platforms. The subsidiary will also develop AI based software, learning technologies, intellectual property, provide consulting services, and collaborate with educational, corporate, and government organizations to promote AI innovation.
AVATAR Stock Price Movement
Today, shares of AVATAR Industries Limited settled flatly at ₹172.3 after trading concluded, marking zero movement for the equity. The stock moved within a daily range established between ₹168.90 and ₹175.70 throughout the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.