This story is from May 17, 2018
GAVS Technologies to drive India market
Chennai: City headquartered GAVS Technologies will look at inorganic growth options coupled with an India focus strategy. CEO Sumit Ganguli says he is quite bullish on the Indian market and is encouraged by the increasing Indian IT spend.
GAVS Technologies helps companies with digital transformation through automation-led IT infrastructure solutions in healthcare, banking and financial services and manufacturing space. The company has been promoting the concept of Zero Incident Framework in the infrastructure space to enable early detection/removal of incidents.
With revenues close to $50 million, the company is looking at clocking $100 million in the next 2-3 years. In a bid to fuel this growth, Ganguli is pushing the India market aggressively and looking at inorganic growth. “We have a couple of acquisitions in the offing. These are for customers and technology expertise,” he said. Close to 70% of its revenues are from the US.
GAVS Technologies employs nearly 1000 people and is investing in building its early hiring pipeline. The company recently announced an innovation and research partnership with IIT Madras in artificial intelligence (AI) and analytics, aimed at enhancing the predictive analytics-based Zero Incident Framework platform. “I am very excited by what I see in Indian colleges. Some of the ideas that students have using AI and ML are very encouraging. We want to be part of the refocus towards skills and technical education and promote management mentorship,” said Ganguli.
After its research partnership with IIT Madras, the company has now partnered with KCG College of Technology and Great Lakes Institute of Management to train students on artificial intelligence and analytics. “With reinforced learning which IIT M directed us towards, we are able to deploy solutions for clients in the area of ML and analytics without the need for extensive data. Students from these colleges are working on actual problems that we are solving for clients,” added Ganguli.
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With revenues close to $50 million, the company is looking at clocking $100 million in the next 2-3 years. In a bid to fuel this growth, Ganguli is pushing the India market aggressively and looking at inorganic growth. “We have a couple of acquisitions in the offing. These are for customers and technology expertise,” he said. Close to 70% of its revenues are from the US.
GAVS Technologies employs nearly 1000 people and is investing in building its early hiring pipeline. The company recently announced an innovation and research partnership with IIT Madras in artificial intelligence (AI) and analytics, aimed at enhancing the predictive analytics-based Zero Incident Framework platform. “I am very excited by what I see in Indian colleges. Some of the ideas that students have using AI and ML are very encouraging. We want to be part of the refocus towards skills and technical education and promote management mentorship,” said Ganguli.
After its research partnership with IIT Madras, the company has now partnered with KCG College of Technology and Great Lakes Institute of Management to train students on artificial intelligence and analytics. “With reinforced learning which IIT M directed us towards, we are able to deploy solutions for clients in the area of ML and analytics without the need for extensive data. Students from these colleges are working on actual problems that we are solving for clients,” added Ganguli.
Stay ahead in business with The Times of India. Check out Financial Calculators like SIP, PPF, FD, NPS and Mutual Fund Calculators.
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