NOVA plans ₹100-cr rail safety R&D push

NOVA Control Tecnologix is set to invest over ₹100 crore in R&D to develop indigenous railway signalling, Kavach train protection and operational technology cybersecurity systems. The company is also evaluating strategic acquisitions in AI and deep-tech, while collaborating with Tata Elxsi to integrate cybersecurity into rail safety networks.

Earlier, in an exclusive interaction with businessline, NOVA Control Technologix revealed that these strategic tech acquisitions are part of a broader roadmap to triple the company’s size, aiming for ₹1,000 crore in revenue by FY29. Historically operating as a core system integrator that executed metro design projects for global OEMs, the company is leveraging its current order book to pivot into proprietary products and expand into overseas markets like South-East Asia. By FY29, parent company e2E Rail expects nearly 30 per cent of its revenue to come from products, while the remaining 70 per cent will continue to flow from system integration.

“We have maintained a CAGR of over 40 per cent during the last three years and closed FY26 with revenue of around ₹380 crore. With our current order book of over ₹1,000 crore and a strong project pipeline, we expect to maintain, if not improve, this growth momentum,” said Sourajit Mukherjee, Director & CEO of NOVA Control Technologix, and CEO, e2E Rail.

Promoter Chairman Vinay Rao added: “The focus will be on building intellectual property and deep-tech capabilities in India that strengthen railway safety, enhance technological self-reliance and create export opportunities. We believe India’s railway modernisation journey can become a catalyst for developing world-class railway technologies for international deployment.”