Mumbai, April 16 -- Coincade Studios has been established to develop cutting-edge products and solutions in the fields of information technology (IT), artificial intelligence (AI), Web3, and various software domains.

The subsidiary has an initial paid-up share capital of Rs 10 lakh and Hind Rectifiers will hold 100% equity ownership in Coincade Studios. The initial investment does not fall under related party transactions.

The company has appointed Suramya Nevatia, chairman & managing director (CEO), and Akshada Nevatia, executive director of Hind Rectifiers, as directors of the newly incorporated entity.

Hind Rectifiers is engaged in developing, designing, manufacturing, and marketing of electronic, electrical and electro-mechanical ...