Yantra Tech Innovation Labs, a leader in management and technology solutions, has announced a significant investment of Rs. 100 crore in India’s Generative AI (GenAI) market. This investment reflects the company’s confidence in India as a burgeoning AI hub and aligns with its mission to shape the future of GenAI in the country.
The investment will be directed towards various strategic initiatives. One of the key elements is an aggressive hiring strategy, where Yantra aims to recruit 500 professionals from various regions of India within the next two years. This recruitment drive is part of Yantra’s commitment to fostering innovation and excellence in the GenAI field. Currently, Yantra has 300 employees in its Pune office, and this expansion will significantly increase its workforce.
Vikram Bhandari, the Founder and CEO of Yantra, emphasized the transformative role that GenAI is set to play in business environments. He highlighted the potential of GenAI to automate tasks, enable data-driven decision-making, and enhance efficiency across various sectors, including finance, HR, supply chain, sales, and customer support. The integration of GenAI into business operations, particularly with the increasing adoption of cloud platforms, is expected to revolutionize these areas.
Yantra’s investment also aims to bolster its service offerings and strengthen the capabilities of its Centre of Excellence in Pune. The company’s global offices, located in Pune, San Francisco, Toronto, and Manila, collaborate on innovative Gen AI-led solutions for finance, operations, and business transformation initiatives. This global network plays a critical role in Yantra’s strategy to drive innovation in the GenAI space.
Rajesh Pawar, Director of Indian Operations at Yantra, highlighted the strategic importance of attracting top talent, particularly in a competitive job market. The focus is on leveraging GenAI to elevate operational efficiency and intelligence in business practices, which is expected to contribute to broader technological advancements and foster a potent ecosystem for stronger, more progressive organizations.
Finally, this investment is set to accelerate research and development in Gen AI, expand the talent pool, and enhance the company’s global market presence. Yantra aims to train top-notch GenAI consultants and develop tailored solutions for clients across a range of industries, including fintech, retail, software, manufacturing, services, jewelry, financial services, and distribution. The investment is thus not only a significant step for Yantra but also for the broader AI landscape in India, paving the way for innovation and technological growth.