- Business
- Rolta India Limited (ROLTA.NS), a Mumbai-headquartered information technology company founded in 1989, develops and provides innovative intellectual property-led solutions in geospatial fusion, engineering design automation, enterprise IT, and defense systems; core offerings include Rolta OneView for operational excellence and big data analytics, Rolta Geospatial Fusion for mapping and spatial data integration, Rolta IT-OT Fusion, Rolta iPerspective, Rolta OnPoint, Rolta GeoCAD, Rolta Command & Control, Rolta Photogrammetry Suite, Rolta Imaging Suite, and Rolta 3D Analysis & Visualization Suite; services encompass BI and big data services, application development and maintenance, managed services, GIS services, engineering services, enterprise performance management, and business consulting. The company serves verticals such as defense and homeland security, government and infrastructure, oil and gas, chemicals, utilities including power water gas and telecom, discrete manufacturing, transportation, banking and financial services, retail, and healthcare; it operates globally with projects executed in over 40 countries through subsidiaries including a U.S. unit and maintains offices in India and internationally. Rolta India faces ongoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code since January 2023 following admission by NCLT Mumbai on a petition by Union Bank of India, with admitted creditor claims exceeding Rs 14,000 crore including Rs 13,700 crore from secured and unsecured lenders; recent developments include classification of a Rs 616 crore loan by Bank of India as fraud in 2025, receipt of 12 expressions of interest from entities such as C.E. Info Systems, 3i Infotech India, a Singapore fund, and others attracted by real estate assets, outcomes of Committee of Creditors meetings, unaudited quarterly financial results showing net losses such as Rs 6.63 crore for June 2025 quarter with no sales, and latest AGM held on December 28 2024 with balance sheet filed as of March 31 2024.