Nanta Tech lands ₹14.4 cr robot deal with Connplex Cinemas
The three-year, 100-unit RaaS contract equals a fifth of Nanta's FY26 revenue, but the LOI isn't binding.
— 1 earlier story on Nanta Tech Ltd. →What's new
- Nanta signed an LOI with Connplex Cinemas to supply 100 robots for ₹14.40 cr over three years.
- Nanta keeps ownership of the hardware and software; Connplex pays ₹40,000 per unit per month.
- Full deployment is phased, starting June 2026, with monthly revenue hitting ₹40 lakh at run-rate.
Why this matters
This is a large contract for a nano-cap. At ₹14.4 cr, the deal is worth about 20% of Nanta's entire FY26 revenue. It also validates the company's RaaS model, which converts a capital sale into a recurring subscription stream.
What we're watching
- Whether the final MSAs and purchase orders match the LOI terms.
- Actual deployment timing and the reliability of the phased rollout.
- How the subscription model impacts Nanta's own cash flow and capex needs.
The full read
Nanta Tech's LOI with Connplex Cinemas is a proof-of-concept for the company's robot subscription model. The deal commits Connplex to take 100 Allbotix AT10 robots over three years at ₹40,000 per unit per month, for a total indicative value of ₹14.40 crore. For a nano-cap with ₹70.1 crore in FY26 revenue, that's 20.5% of last year's top line. The structure is key: Nanta keeps the hardware and books a subscription fee, not a one-time sale. This gives the company a path to recurring revenue. The catch is the LOI is non-binding. Definitive agreements and purchase orders are still needed. Phased deployment starts in June 2026, meaning the financial hit is months away. The open question is whether Nanta can scale the RaaS model without tying up its own cash in unsold robots.
Questions answered
- Why is the deal significant for Nanta Tech?
- The ₹14.4 crore contract represents about 20.5% of Nanta's FY26 revenue of ₹70.1 crore and 7.2% of its ₹200 crore market cap, making it a material win for the company.
- What does 'Robot-as-a-Service' mean for Nanta's balance sheet?
- Nanta retains full ownership of the robots and software. Instead of an upfront sale, Connplex pays a monthly subscription, creating a recurring revenue stream for Nanta.
- How certain is this revenue?
- The deal is a non-binding LOI. Final revenue depends on the parties signing definitive MSAs and purchase orders, which are expected before full commercialization.
- What is the deployment plan?
- Nanta will deploy the 100 robots in 10 phases of 10 units each, beginning in June 2026. At full run-rate, the contract generates ₹40 lakh per month.
Story so far
All notes on NANTA →- 8 Jun 2026 · 3:30 PM IST Nanta Tech lands ₹14.4 cr robot deal with Connplex Cinemas
- 3d ago Nanta Tech targets 60-65% revenue from robotics, AI in FY27