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Kothari Industrial enters into MoU with RED21 S.L., CMI

01 Feb 2026 Evaluate

Kothari Industrial Corporation has entered into a Memorandum of Understanding (MoU) with RED21 S.L. (Licence Holder of Icad software), and CMI (Indian Agent for RED21) for jointly developing and offering Footwear Development Coaching and Training Programs using RED21's Icad technology.

Under the MoU, the company will provide infrastructure, training facilities, administrative support, and coordination with government schemes. RED21/CMI will provide Icad classroom licenses, trainer training, curriculum support, and academic supervision. The MoU is non-binding and valid for three months or until a definitive agreement is executed.

Kothari Industrial Corporation is mainly engaged in manufacturing and trading of fertilizers.

Peers
Company Name CMP
Grasim Industries 3171.00
DCM Shriram 998.35
3M India 34233.10
Hindustan Foods 625.90
Balmer Lawrie & Co 168.10
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