Addverb Company Profile: History, Ownership, Factories and Products

Oct 11

2 min read

Updated: 7 days ago

Addverb is an Indian robotics company that makes mobile robots, storage systems and sorters for warehouses and factories. Four former Asian Paints executives founded it in 2016, and Reliance bought a 54% stake in 2022 for USD 132 million. This profile sets out its history, ownership, factories and products.

Addverb at a Glance

Fact	Detail
Company	Addverb Technologies
Founded	2016
Founders	Sangeet Kumar, Bir Singh, Prateek Jain and Satish Shukla
Headquarters	Noida, India
Majority owner	Reliance, 54%, since 2022
Main factory	Bot Verse, Greater Noida
Stock listing	None

Company History

The four founders had worked together at Asian Paints, where they automated the company's own warehouses, before starting Addverb in 2016. Early backing came from a pre-seed round and an investment from the gas company GAIL in 2017, a partnership with Intel in 2018 and USD 10 million from Jalaj Dani in 2019. Reliance's purchase of a 54% stake in 2022 gave Addverb both capital and a very large customer.

Key milestones

2016: Founded in Noida.
2017: Pre-seed funding and investment from GAIL.
2018: Partnership with Intel; first factory opened.
2019: USD 10 million raised from Jalaj Dani.
2022: Reliance acquires 54% for USD 132 million.
2023: Bot Verse factory inaugurated.
2024: Three new robots launched; entry into humanoid robots announced.

Factories

Site	Detail
Noida	First manufacturing facility, opened in 2018
Bot Verse, Greater Noida	Second facility, on 15 acres, with a reported capacity of 100,000 robots a year; inaugurated in 2023

Products

Autonomous mobile robots.
Automated storage and retrieval systems.
Sortation systems.
Pallet shuttle systems.
Trakr, an assistive robot; Heal, a medical cobot; and Syncro, a cobot, all presented in 2024.
A humanoid robot in development, announced in November 2024.

Can You Invest in Addverb?

Not directly. Addverb has no listing; its majority owner, Reliance Industries, is listed in India. This is general information, not investment advice.

Strengths and Challenges

Strengths

Reliance as owner and anchor customer.
A very large factory in India.
A broad range from mobile robots to complete storage systems.

Challenges

International competitors with longer track records.
New product areas, such as cobots and humanoids, still to be proven.

Current Catalogue Coverage

Catalogue checked on 15 October 2026: 9 associated product records. The links below are representative entries, rather than a claim that every historical model is currently available.