Mumbai, October 13 (Udaipur Kiran): Shares of Colab Platforms soared to their upper circuit limit of ₹146.50 on the BSE, gaining ₹2.85 or 1.98%, after the company announced plans to incorporate a wholly owned subsidiary, Colab Intelligence, to expand its footprint in the fast-growing Artificial Intelligence (AI) sector.

The stock opened at ₹146.50 and remained locked at the same level throughout the session, with 4,27,007 shares traded so far. The BSE group ‘XT’ stock, with a face value of ₹1, hit a new 52-week high of ₹146.50 today, compared to a 52-week low of ₹5.69 recorded on October 28, 2024.

Over the past week, the scrip has traded between ₹146.50 and ₹132.75, with the company’s market capitalization now standing at ₹2,930.46 crore. The promoter shareholding in the company is 33.88%, while non-institutional investors hold 66.12%.

New Subsidiary to Drive AI Growth

Colab Platforms stated that Colab Intelligence will be instrumental in executing its long-term vision to strengthen its presence in the global AI industry, which was valued at around $200 billion in 2024 and is projected to exceed $1.8 trillion by 2030, growing at a CAGR of over 30%.

The new subsidiary will focus on developing intelligent automation, predictive analytics, and collaborative AI solutions aimed at improving decision-making, operational efficiency, and human–machine collaboration.

According to the company, this strategic move will help diversify its technology portfolio, open new revenue streams, and drive sustainable long-term shareholder value. By integrating AI-driven capabilities across its existing businesses — including esports, digital ventures, and sports infrastructure — Colab Platforms aims to establish a strong position in the global technology ecosystem.

Colab Platforms, formerly known as Colab Cloud Platforms, is engaged in trading shares and securities, as well as computer hardware and software processing jobwork. The company’s latest move signals a major shift toward AI-driven innovation and digital transformation.