Kody Technolab is a deep-tech company that designs, builds and deploys its own fleet of autonomous service robots - machines that navigate malls, screen patients and scrub floors - and then layers advertising and subscription income on top of every unit it puts into the field. It began in 2017 as an AI video-analytics shop for the security industry, went public on the NSE SME platform in September 2023, and has since pivoted entirely into robotics under the “Kody Robots” brand, fielding nine proprietary robots and over 200 live commercial deployments across India and the Gulf. The recurring pattern is visible in every robot it ships: sell the hardware once, then earn again - and again - from the advertising it carries, the subscriptions it commands and the services that keep it running.
Business segments
Two engines at different stages - a domestic unit that designs, makes and monetises a family of nine autonomous robots, and an international joint venture that assembles and deploys those same robots at Gulf pricing, with Kody collecting a share of every unit and every ad sold.
1. Domestic robotics: the product factory and recurring-revenue platform
Every robot Kody sells in India carries three income streams - the sale itself, the ads that play on its screens, and the subscription or rental fee that follows - so a single deployment pays more than once.
- Nine robots, one autonomy brain - the entire portfolio, from the ad-carrying Odigo to the heavy-duty floor scrubber Vulcan, runs on a shared stack of SLAM-based navigation, obstacle avoidance, autonomous charging and centralised fleet management, which means a breakthrough on one robot lifts the whole line.
- Odigo is the flagship because it carries screens - its dual 32-inch ultra-HD displays stream programmatic digital out-of-home (pDOOH) ads targeted by time, zone and audience, turning a guide robot into moving billboard inventory that no competitor - Keenon, Pudu, UBTech - currently offers.
- Medigo turns a health check into a three-minute workflow - announced in March 2026, it screens for 65-plus health parameters with 95% AI-assisted accuracy, spits out a digital report and comes in four variants (static, paediatric, women’s health and a mobile “health ATM”), so it can sell into primary-health centres, schools, corporate campuses and rural outreach routes from the same platform.
- Vulcan cleans cheaper than a janitorial crew - it scrubs over 2,000 square metres an hour, runs 16 hours a day without absenteeism and delivers a 30-40% cost saving versus manual cleaning, with a payback of under 12 months on a rental model, which is why hospitals, warehouses and airports are the target.
2. Falcon Tech Robotics: the Gulf manufacturing and deployment vehicle
A UAE joint venture with a royal-family-backed partner that assembles Kody’s robots locally, sells them at roughly double the Indian price, and returns 40% of every dirham earned straight to Kody.
- Made in UAE, powered by Kody IP - Falcon Tech Robotics is 40% owned by KTL and 60% by Platinum Group, giving it the exclusive right to manufacture and sell Kody’s six-robot portfolio across the GCC and Middle East using Kody-supplied components, kits and software.
- Gulf pricing resets the unit economics - the same hardware that sells in India commands 1.5 to 2 times the price in the GCC, and Kody’s 40% revenue share flows back without it having to build or staff a factory on its own balance sheet.
- Orders are already locked in - Falcon has agreements to deploy 290 Odigo robots across 60 LuLu Group locations and 360 Odigo robots across Hypermedia’s network of 30 malls and the Dubai Expo site, all on ad-revenue-sharing terms, which creates a committed deployment pipeline that feeds both manufacturing and recurring ad income.
- Public-sector adoption is underway - Dubai Municipality has embedded the Dasher serving robot into an official workflow, and Odigo units are already live at LuLu Hypermarket’s ADNOC inauguration, giving Falcon reference clients that de-risk government procurement elsewhere in the Gulf.
Group structure and partners
Kody runs an asset-light manufacturing model through an exclusive Indian partner, holds its ad business in a majority-owned subsidiary, and extends its reach through joint ventures that put its robots into the Gulf and its technology into drones - all while keeping the core IP on its own books.
- World EMS builds the robots so Kody does not have to own a factory - the exclusive manufacturing partner in Mahesana, Gujarat, India, handles electronics assembly for both high-mix, low-volume prototypes and scaled production, and Kody has acquired 100% of its compulsory convertible preference shares, aligning the two without a full merger.
- Kody Media Pvt Ltd is the listed parent’s ad-monetisation arm - a wholly owned subsidiary of KTL, it developed the Odigo and Dasher robots and runs the programmatic DOOH platform that sells screen time to brands, with early mall partners including Nexus Seawoods, Oberoi, Viviana and Inorbit.
- A Swiss drone joint venture extends the autonomy stack skyward - Kody holds 60% of a new company formed with Vira Drones SA, committing €4 million in milestone-based phases to commercialise heavy-duty cargo drones, rescue platforms and air taxis, combining German aerospace engineering with Kody’s AI and navigation software.
- Medigo’s global distribution is locked in through a tripartite deal - Kody is the exclusive worldwide manufacturer, Falcon Tech Robotics is the exclusive global distributor, and Sccore AI Tech Diagnostic of the UAE handles deployment and commercialisation under a three-year agreement with binding minimum purchase periods starting in the first half of FY 2026-27.