Monday, 19 December 2011
Anil Group forays into KSB segment, to invest 52 crore
Agri and food processing major Anil Group today said it has forayed into knowledge solution business (KSB) through a new venture- Ascent Knowledge Solutions (AKS)- in which, it will invest USD 10 million (Rs 52 crore) over the next one year.
AKS has set up a wholly owned subsidiary in US, Ascent Knowledge Solutions Inc (AKSI) and has taken on board two technocrats- Prof David Zimmy and Brad Waller- with expertise in IT and management consultancy to head US operations.
"Through this new venture, we are looking to tap USD 100 million market, out of the estimated USD 5 billion global market of IT-resource monitoring," Anil Group President HR Nalin Thakur told reporters.
"We shall be looking at a revenue of USD 10 million in next one year," Thakur said.
AKS will design and implement new technology-based activities worldwide with focus on SMEs in India and South Asia. It will also set up a network operation centre for development of India based operations.
AKS has set up a wholly owned subsidiary in US, Ascent Knowledge Solutions Inc (AKSI) and has taken on board two technocrats- Prof David Zimmy and Brad Waller- with expertise in IT and management consultancy to head US operations.
"Through this new venture, we are looking to tap USD 100 million market, out of the estimated USD 5 billion global market of IT-resource monitoring," Anil Group President HR Nalin Thakur told reporters.
"We shall be looking at a revenue of USD 10 million in next one year," Thakur said.
AKS will design and implement new technology-based activities worldwide with focus on SMEs in India and South Asia. It will also set up a network operation centre for development of India based operations.
