Yantra Tech Innovation Labs to invest Rs 100 crore in India’s Gen AI market

Yantra Tech Innovation Labs, a prominent management and technology services provider, today said it will invest Rs 100 crore in India's burgeoning Generative Artificial Intelligence (Gen AI) market.

Aggressive hiring and talent acquisition

As part of the goal to bolster its workforce, Yantra plans to onboard 500 highly skilled professionals from across India over the next two years. The aggressive hiring strategy is a response to the company's continuous growth and its dedication to providing advanced cloud technology solutions.

Vikram Bhandari, Founder and CEO of Yantra, emphasized the importance of this initiative, stating, “To support this initiative, we aim to attract, recruit, and train top talent in the Indian job market by providing a platform for young, innovative minds.”

The impact on business operations and efficiency

Bhandari highlighted the transformative potential of integrating Gen AI into business operations. He pointed out that this technology could automate repetitive tasks, enable data-informed decision-making, and enhance overall efficiency.

He said the focus is on large corporations and SMEs across various sectors, including finance, HR, supply chain, sales, marketing, and customer support.

How the investment will benefit Yantra?

The investment is also aimed at expanding the service offerings and enhancing the capabilities of Yantra's Centre of Excellence in Pune. Rajesh Pawar, Director of Indian Operations at Yantra, noted the strategic importance of this investment in fostering a more robust and progressive technological ecosystem in India.

"With a team boasting unique skills and powered by GenAI, our focus is on elevating efficiency and intelligence in business operations. Significant investments in India’s GenAI market will drive broader technological advancements, fostering a potent ecosystem for stronger, more progressive organizations," Pawar said.

Notably, the investment will not only accelerate research and development in Gen AI but also expand Yantra's talent pool and strengthen its global market presence.

The company said it aims to add value by training top-tier Gen AI consultants and designing bespoke solutions for clients in various industries, including fintech, retail, software, manufacturing, and financial services.

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