RattanIndia Enterprises

What RattanIndia Enterprises does

RattanIndia Enterprises Limited (BSE/NSE listed, ticker bom:RTNINFRA, headquartered in New Delhi) is the publicly listed flagship of the RattanIndia Group, operating as a multi-vertical technology conglomerate spanning electric vehicles, e-commerce, fintech, drones, and D2C fashion. The company's portfolio is built around wholly owned subsidiaries: Revolt Motors (electric motorcycles, India's first AI-enabled two-wheeler brand, with 200+ dealerships and the RV400, RV1, and RVX product lines priced ₹85,000–₹1.34 lakh); Cocoblu Retail (one of Amazon India's largest third-party sellers, managing 2 million+ SKUs across 600+ brand partners with proprietary ML-based inventory, pricing, and logistics optimization, serving 19,000+ pincodes); NeoSky India and Throttle Aerospace Systems (TAS), the latter being India's first DGCA-approved civil drone maker and the only Ministry of Defence-licensed manufacturer of military-grade drones; Wefin, a fintech platform live on India's Account Aggregator network offering personal loans, two-wheeler loans, and credit cards via bank and NBFC partnerships; and Neobrands, a D2C fashion house with brands such as Pump'd, FYLTR, and Inkd.

The company earns revenue through a mix of hardware sales (electric motorcycles, drones), marketplace transactions (Cocoblu on Amazon, Flipkart, noon), referral and processing fees in fintech (Wefin), and D2C apparel sales. Distribution combines owned retail (Revolt dealerships), enterprise field sales (drones to government, defence, agriculture, mining), digital self-serve (Wefin), and third-party marketplaces (Cocoblu). Revolt has expanded internationally to Sri Lanka, and the group holds a strategic investment in US-based Matternet for urban drone logistics. RattanIndia's historical roots trace to the 2019 separation from Indiabulls Group; subsequent wholly owned subsidiaries and acquisitions (Cocoblu 2021, Revolt 2022–23) and partnerships (Matternet 2021, noon 2025) have shaped the current portfolio. Leadership is anchored by Chairman Rajiv Rattan (IIT Delhi alumnus) and Co-Chairperson Anjali Rattan Nashier, with vertical CEOs and a recently appointed CFO. Financially, FY26 total income reached ₹75,369.86 crore (up 10% YoY), with Q3 FY25 sales of ₹2,006.44 crore and a Q4 FY26 net loss that narrowed 69% to ₹110 crore from ₹359 crore in Q4 FY25, though the headline FY26 net loss of ₹1,663.47 crore was driven by fair-value losses on the legacy RattanIndia Power investment.

Name

RattanIndia Enterprises

Legal name

RattanIndia Enterprises Limited

Website

https://rattanindia.com

Company type

Public

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

RattanIndia Enterprises is a publicly listed Indian multi-vertical technology conglomerate operating wholly owned subsidiaries in electric motorcycles (Revolt Motors), e-commerce (Cocoblu Retail), fintech (Wefin), drones (NeoSky/TAS), and D2C fashion (Neobrands), serving Indian consumers, brands, and enterprise/defence customers.

Ownership category

akta.pro rank

Product category

Diversified Technology Conglomerate

NAICS

Motorcycle, ATV, and All Other Motor Vehicle Dealers (441227), Commercial and Service Industry Machinery Manufacturing (33331)

SIC

Motorcycles, Bicycles & Parts (3751)

akta.pro primary industry

Drone Parts, Batteries & Accessories Retail (CRACAHAL)

Keywords

• Electric motorcycles
• E-commerce marketplace
• Drone manufacturing
• Digital lending platform
• Direct-to-consumer fashion

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Electric Motorcycle Sales: Revolt Motors generates revenue through the sale of electric motorcycles (RV400, RVX, RV1, RV400 BRZ) via its owned dealership network and online channels. Pricing ranges from ₹85,000 to ₹1.34 lakh ex-showroom.
2. E-commerce Marketplace Services: Cocoblu Retail operates as an online seller on Amazon and other marketplaces, generating revenue through product sales and potentially taking a margin on transactions across apparel, shoes, accessories, office products, eyewear, and more.
3. Fintech Lending (Wefin): Wefin provides personal loans, two-wheeler loans, and credit cards in partnership with banks and NBFCs, generating revenue through referral fees, processing fees, and interest income from facilitated lending.
4. Drone Products and Services: NeoSky and TAS sell drone hardware (DOPO, Nimble, TALV-TACT, Drone Defender) and Drone-as-a-Service solutions across agriculture, mining, surveillance, delivery, and defence applications.
5. Direct-to-Consumer Apparel Brands: Neobrands Limited operates D2C fashion brands across athleisure, denim, and everyday wear categories, selling directly to consumers through e-commerce channels.

Pricing tiers

Go-to-market motion4 records

Distribution channels7 records

Marketing channels5 records

Core offering

RattanIndia Enterprises is a publicly listed Indian technology conglomerate operating six business verticals through wholly-owned subsidiaries: Revolt Motors (electric motorcycles), Cocoblu (e-commerce marketplace operations), Wefin (digital lending), Neobrands (D2C fashion brands), NeoSky (drone services), and TAS (drone manufacturing). The company generates revenue from hardware sales (EVs, drones), e-commerce product sales, fintech referral and processing fees, enterprise drone services, and D2C apparel sales across India and select international markets.

Product overview

RattanIndia Enterprises Limited operates as a multi-business technology conglomerate with six distinct business verticals: e-commerce (Cocoblu), electric vehicles (Revolt Motors), fintech (Wefin), fashion/D2C brands (Neobrands), and drone technology (NeoSky/TAS). The portfolio includes a mix of wholly-owned subsidiaries and strategic investments, with Revolt Motors being the market leader in India's electric motorcycle segment and NeoSky/TAS leading India's drone industry with both hardware manufacturing and service capabilities.

Differentiator

Problem solved

Functional benefit

Brands

• Revolt Motors: Market leader in electric motorcycles in India, providing next-gen electric mobility solutions
• Cocoblu
• Neobrands
• Wefin
• NeoSky
• Throttle Aerospace Systems (TAS)
• Matternet

Products and services

• Cocoblu Cocoblu Retail Limited is RattanIndia Enterprises' online seller arm that helps brands scale across Indian e-commerce marketplaces (with Amazon India as a key channel). It manages 2M+ SKUs across 8 product categories — apparel, shoes, accessories, office products, musical instruments, eyewear, handbags, and books — partnered with 600+ brands and serving 16M+ unique orders across 19,000+ pincodes in 26 Indian states.
• Revolt Motors Electric Motorcycles (RV400, RV1, RVX, RV400 BRZ) Revolt Motors is the market-leading electric motorcycle brand in India and a wholly-owned subsidiary of RattanIndia Enterprises. Its product range includes the RV400 (India's No.1 EV motorcycle, 150 km range, 1,50,000 km warranty), RV1 (commuter EV at ₹85,000 with up to 160 km range), RVX (5.3 kW, 160 km range, Boost Mode), and RV400 BRZ (₹1.34 lakh, 85 km/h top speed, 3.24 kWh battery). The brand is described as India's first AI-enabled motorcycle, with features such as remote diagnostics and real-time monitoring, and is sold through 200+ branded dealerships across India and online channels including Flipkart.
• Wefin Digital Lending Platform Wefin is RattanIndia Enterprises' fintech platform that distributes personal loans, two-wheeler loans, and credit cards to Indian consumers in partnership with leading banks, NBFCs, and financial institutions. It operates as a digital self-serve channel and is one of the first fintechs to go live on India's Account Aggregator network, using consent-based financial data sharing to enable instant, paperless lending decisions for retail consumers.
• Neobrands D2C Fashion Brands (Pump'd, FYLTR, Inkd) Neobrands Limited, a wholly-owned subsidiary of RattanIndia Enterprises, operates a portfolio of direct-to-consumer fashion brands across athleisure, denim, and everyday wear categories. Brands include Pump'd (athletic clothing), FYLTR (D2C fashion), and Inkd (denim), targeting young Indian consumers with stylish, premium-quality clothing at affordable prices through online channels.
• NeoSky Drone-as-a-Service / Drone-as-a-Product Platform NeoSky India Limited is RattanIndia Enterprises' drone platform offering a 360° portfolio of Drone-as-a-Product and Drone-as-a-Service solutions. Applications include precision agriculture, mining, survey and mapping, drone delivery, construction progress monitoring, industrial inspection, and defence. NeoSky also holds DGCA drone pilot training licensing and aero domain approval. Its wholly-owned subsidiary Throttle Aerospace Systems (TAS) is the DGCA-approved hardware arm.
• Throttle Aerospace Systems (TAS) — Drone Hardware Manufacturing Throttle Aerospace Systems (TAS) is the Bangalore-based drone hardware and software subsidiary of NeoSky India (which is itself a RattanIndia Enterprises subsidiary). TAS is described as India's first DGCA-approved drone maker for civil drones and is licensed by the Ministry of Defence to manufacture military-grade drones. Its product portfolio includes DOPO, Nimble, and TALV-TACT drones serving enterprise, defence, and delivery drone markets, along with the Drone Defender counter-drone/defence product.
• Cocoblu Quick Commerce Cocoblu Quick Commerce Limited is RattanIndia Enterprises' quick commerce delivery subsidiary, providing fast-delivery services as part of the broader Cocoblu retail ecosystem.

Quantifiable outcome

• Revolt Riders crossed 72 crore electric kilometres, reducing carbon emissions significantly
• +3 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature5 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Noon E-Commerce MarketplacecoreChannel Partner/ Reseller/ Distributor · 18 December 2025RattanIndia Enterprises announced a partnership with noon, a major e-commerce marketplace. The company invests in technology-focused businesses including e-commerce, electric vehicles, fintech, and drones through its subsidiaries.
• MatternetcoreStrategic or Co-development Partner · 10 August 2021RattanIndia made a strategic investment in Matternet, a US-based market leader in urban drone logistics platform. The investment expands RattanIndia's capabilities in drone delivery and urban logistics through international technology partnership.
• Banks and NBFCs (Wefin)coreChannel Partner/ Reseller/ DistributorWefin, RattanIndia's fintech platform, enables financial products in partnership with leading banks, NBFCs, and financial institutions in India. Wefin provides personal loans, two-wheeler loans, and credit cards through these partnerships and is one of the first fintech platforms live on India's Account Aggregator network.
• Amazon IndiacoreChannel Partner/ Reseller/ DistributorCocoblu Retail is Amazon India's largest seller, operating as a major third-party seller on the platform. Cocoblu also launched merchandise sales for Revolt Motors on Amazon.
• FlipkartminorChannel Partner/ Reseller/ DistributorRevolt Motors launched RV400 sales on Flipkart marketplace in August 2023, expanding online distribution beyond owned dealerships and Amazon.

Scale indicators11 records

Recent moves9 records

Expansion highlights6 records

Broad incumbents

• Amazon India: Amazon is Cocoblu's primary marketplace platform and a major competitive force in Indian e-commerce, while also being a channel partner for Revolt merchandise. Comparable as the broader incumbent ecosystem operator that drives Cocoblu's GMV.
• Nykaa (FSN E-Commerce): FSN E-Commerce (Nykaa) is a listed Indian D2C/online-first consumer retailer. Comparable to Cocoblu and Neobrands as online retail aggregators building private-label brands across multiple product categories.
• Bajaj Auto: Bajaj Auto is a dominant Indian two-wheeler incumbent with an expanding EV portfolio (Chetak). It is comparable as a broad incumbent whose scale, dealer network, and brand compete with Revolt's premium positioning and squeeze mass-market alternatives.

Emerging players

• DroneAcharya Aerial Innovations: DroneAcharya is an Indian-listed drone services and pilot-training company that, like NeoSky, holds DGCA drone pilot training approvals and operates in the same enterprise drone-as-a-service category.

Direct peers

• PolicyBazaar (PB Fintech): PB Fintech operates India's largest online insurance and credit marketplace, partnering with banks/NBFCs much like Wefin does for personal and two-wheeler loans. Comparable fintech-distribution model via digital Account Aggregator-enabled flows.
• Ather Energy: Ather Energy is a leading Indian electric scooter manufacturer with its own dealership network, competing in the same premium EV two-wheeler category where Revolt positions its RV400 BRZ and RVX models.
• Matternet: Matternet is the US-based urban drone-logistics platform in which RattanIndia made a strategic investment. They are partner/peers in delivering drone delivery technology, with Matternet providing the urban operating playbook that NeoSky/TAS adapts for India.
• Hero Electric: Hero Electric is one of the early movers in India's electric two-wheeler space with mass-market positioning. It competes directly with Revolt's affordable RV1 and entry-level EV motorcycles targeting commuter buyers.
• Ola Electric: Ola Electric is India's largest pure-play electric two-wheeler manufacturer (S1 series) competing head-to-head with Revolt Motors in the mass-market Indian EV motorcycle segment. Pankaj Sharma, Revolt's CBO, was a former Ola Electric boss.
• ideaForge: ideaForge Technology is an Indian drone manufacturer serving defence, security, and enterprise use cases. It is the closest Indian listed peer to NeoSky/TAS, both competing for DGCA-approved enterprise and defence drone contracts.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/rattanindiafin
• Xx.com/rttnind
• Facebookfacebook.com/profile.php

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about RattanIndia Enterprises