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.
