Kedaara takes over GAVS Tech, Pramod Bhasin joins its board

Chennai: Private equity firm Kedaara on Wednesday said that it has acquired a majority stake in GAVS Technologies for an undisclosed sum from Basil Partners.

Upon consummation of the transaction, Pramod Bhasin, former Genpact CEO and head honcho at Kedaara and Keith Pitts former vice chairman of Tenet Healthcare will join GAVS board along with representatives of Kedaara.

“The present leadership will continue and will deepen its presence in the healthcare space,” said Sumit Ganguli, CEO of GAVS Technologies.

A statement from the company said that there would be an acceleration in business growth leveraging global relationships of Kedaara and Clayton, Dubilier & Rice (“CD&R”), a top global private equity firm and JV partner of Kedaara. “Deliver AI-led digital transformation services, enterprise managed services, and product engineering to a vast pool of customers globally, especially across healthcare enterprises and drive growth of ZIF.ai (Zero Incident Framework), an AI-based TechOps platform,” the statement said.

GAVS has 2200 associates working across its centres in Chennai, Bengaluru and Hyderabad in India and centres across Princeton and other American cities.