Orient Technologies Ltd Has Acquired A 100% Stake In Red Hut Innovation For ₹5.75 Crore And Invested ₹2 Crore In Athena IT And AIT Internet Services. The Move Strengthens Its Presence In South India’s Digital Infrastructure Market And Enhances Capabilities In Managed Services And Telecom Solutions.
Red Hut acquisition boosts managed services portfolio
Mumbai-based IT services firm Orient Technologies Ltd has acquired Red Hut Innovation Technology Pvt Ltd, a Bengaluru-based managed service provider and SD-WAN-as-a-Service firm, for ₹5.75 crore. The acquisition is part of Orient’s broader strategy to expand its digital transformation offerings and deepen its presence in South India.
Red Hut’s expertise in network optimization and cloud-based infrastructure will be integrated into Orient’s existing service lines, enhancing its ability to serve enterprise clients across sectors.
Investments in Athena IT and AIT Internet Services
In addition to the Red Hut acquisition, Orient Technologies has taken minority stakes in two Bengaluru-based firms—Athena IT & Telecom Solutions Pvt Ltd and AIT Internet Services Pvt Ltd. The company acquired 46% equity in each, with a combined investment of ₹2 crore. These firms specialize in telecom infrastructure, internet services, and enterprise connectivity solutions.
The strategic investments aim to create synergies across Orient’s hardware, networking, and software divisions, enabling end-to-end service delivery.
Key highlights of the announcement
- Orient Technologies acquires 100% stake in Red Hut Innovation for ₹5.75 crore
- Red Hut specializes in SD-WAN and managed services
- ₹2 crore invested in Athena IT and AIT Internet Services
- 46% equity stake acquired in both Bengaluru-based firms
- Total deal value stands at ₹7.71 crore
- Expansion targets South India’s digital infrastructure and telecom markets
Strategic outlook and future plans
Orient Technologies’ Chairman and Managing Director Ajay Sawant stated that the acquisitions are aligned with the company’s long-term vision to become a pan-India leader in IT infrastructure and digital transformation. The company plans to leverage the new partnerships to offer integrated solutions in cloud, connectivity, and enterprise IT.
Analysts view the move as a calculated step toward capturing high-growth markets in southern India, especially in telecom and managed services.
Sources: Tech Observer, Business Upturn, ScanX News