Yantra Tech Innovation Labs (Yantra), a frontrunner in management and technology solutions, has unveiled ambitious plans to invest a staggering Rs. 100 crore in India’s burgeoning Gen AI market. This strategic move is poised to revolutionize the landscape of artificial intelligence in the country.
The company’s commitment to driving innovation and pushing the boundaries of technology is further underscored by its aggressive hiring strategy. Yantra aims to onboard 500 professionals from various corners of the country within the next two years. Yantra has 300 employees in its Pune office.
Vikram Bhandari, the Founder and CEO of Yantra, expressed his vision for the future, emphasizing the pivotal role that Generative AI (GenAI) is set to play in transforming businesses.
“We believe that GenAI will be a game-changer for both large corporations and SMEs across various sectors. By investing significantly in India’s GenAI space, we are positioning ourselves as industry leaders dedicated to innovation and setting new benchmarks,” Vikram Bhandari said.
Yantra’s investment signifies its confidence in India’s potential as an artificial intelligence hub. This move aims to bolster service offerings and elevate the capabilities of Yantra’s Centre of Excellence in Pune. The company’s commitment to nurturing fresh talent aligns with its mission to shape the future of GenAI in India by fostering a culture of innovation and excellence.
Yantra has global offices in Pune, San Francisco, Toronto, and Manila. Yantra works with the offices of CFOs and CIOs on progressively innovative ideas to invest in Gen AI-led solutions for finance, operations, and business transformation initiatives.
Rajesh Pawar, Director of Indian Operations at Yantra, highlighted the strategic importance of this decision amidst the evolving job market landscape. “Our focus remains on attracting top talent and leveraging GenAI-powered solutions to drive operational intelligence.”
Yantra’s exponential growth trajectory in India, marked by the recent inauguration of its Pune office, serves as a testament to its dedication to digital transformation. The substantial investment in India operations is poised to accelerate research and development in GenAI while expanding the talent pool and fortifying its global market presence.
The company’s commitment extends beyond training top-notch GenAI consultants; it aims to tailor bespoke solutions for clients across diverse sectors, including fintech, retail, software, manufacturing, services, jewelry, financial services, and distribution.
