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Yantra Announces To Invest Rs.100 Crore In India's Gen AI Market

The company has announced that as part of its expansion strategy, it plans to hire 500 employees over the next 2 years

Yantra Announces To Invest Rs.100 Crore In India's Gen AI Market
Vikram Bhandari, Founder and CEO of Yantra
POSTED ON December 01, 2023 5:37 PM

Yantra Tech Innovation Labs Pvt Ltd. (Yantra), a technology services provider, has announced a significant investment of Rs. 100 crore in India's Gen AI market.  

The company plans to implement an ambitious hiring strategy, aiming to onboard 500 highly skilled professionals from across the country within the next two years.   

The company, with established offices worldwide in Pune, San Francisco, Toronto, and Manila, collaborates with CFOs and CIOs to explore innovative ideas, investing in Gen AI-led solutions for finance, operations, and business transformation initiatives.   

Commenting on this announcement, Vikram Bhandari, Founder, and CEO, of Yantra, said, “Businesses are increasingly adopting cloud platforms, and we believe that integrating generative AI will bring automation of repetitive tasks, data-informed decision-making, and enhanced efficiency. GenAI will benefit large corporations and SMEs, across various industries and verticals like finance and accounting, HR, supply chain and operations, sales and marketing, and customer support. Our significant investment in India’s GenAI space aligns seamlessly with our vision for growth, reinforcing our position as industry leaders committed to pushing boundaries and setting new benchmarks. To support this initiative, we aim to attract, recruit, and train top talent in the Indian job market by providing a platform for young, innovative minds.” 

The company said that the investment in India's GenAI market underscores confidence in the country's artificial intelligence potential.  

“Committed to fostering innovation, this investment aims to expand service offerings and enhance the capabilities of Yantra's Centre of Excellence in Pune, it added in its statement.

Commenting on this monumental decision, Rajesh Pawar, director of Indian operations at Yantra said, “Amidst a slowly tightening job market, we see a strategic window to attract top talent. With a team boasting unique skills and powered by GenAI, our focus is on elevating efficiency and intelligence in business operations. Significant investments in India's GenAI market will drive broader technological advancements, fostering a potent ecosystem for stronger, more progressive organisations.”  

Yantra is a management and technology services provider and a trusted partner to the CIOs and CFOs Yantra helps organisations experience business transformation with simplicity and success (or effectively and efficiently).  

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