ANSR

ANSR Inc.
Founded2004
Headquarters
Dallas
,
United States of America
Key people
Lalit Ahuja
ProductsCaptive Centers
WebsiteOfficial website

ANSR is a business consulting company. It was established in 2004 by Lalit Ahuja.[1][2] Since its inception, ANSR has established over 85 GCCs aggregating to over 85k enterprise talent with over $1.6B in investment.[citation needed]

History

Lalit Ahuja founded the company in 2004, along with D.P Narayana, Thomas W. Sisson, and David Reed.[3] A retired Navy lieutenant and a global entrepreneur,[4] Ahuja is the former chief executive officer of the Indian arm of Target Corporation.

The firm works with multinationals to create their offshore capability centers in India. It has established more than 85 GCCs in India and invested over $1.6 billion[clarification needed] in capital infrastructure to fuel innovation.[1][5] In 2015, Infosys bought a 5% stake in ANSR for $1.4 million. In 2015, ANSR raised $6.7M Series-A from Accel Partners and in 2021, $15M in Series-B from Sistema Asia and Evolvence India.

Government Association

Ahuja was chosen as a special representative by Chandrababu Naidu to make Visakhapatnam a preferable destination for captive units.[6][7] In 2017, the Andhra Pradesh cabinet cleared the proposal by ANSR Consulting to create one of the largest financial technology facilities in Fintech Valley, Visakhapatnam.[8] The AP Industrial Infrastructure Corporation (APHC) allotted 10 acres of land from the IT Special Economic Zone; in lieu of the land, the government will retain equity in the financial technology project.[9]

Kyron

Kyron Global is the innovation arm of ANSR. It is a global startup accelerator and has incubated multiple startups.[10] In 2015, Kyron received $9 million funding from Accel Partners and others to create an engagement program in which global startups can interact and learn directly from partnered multinationals early in their startups; it can also facilitate the founding of more GCCs in India.[11][3]

While connecting startups with multinationals, Kyron gives access to a global network of investors and takes equity from the incubated startups.[12] The focus is on retail, financial technology, media, and educational sectors. It aims to have a $50 million venture fund to invest in other startups and expand their industrial segments.[13][14][15]

As of 2017, Kyron Global has been shut down

Techstars

In 2017, ANSR and Techstars formed a joint venture to launch Bangalore City Accelerator, and associated corporate accelerator programs in India, tapping into the Indian startup ecosystem.[16][17] The purpose of the joint venture is to convert promising business ideas into sustainable business models.[18][19]

x10 By ANSR

In 2019, ANSR launched a subsidiary named x10 by ANSR as a management consultancy based in Bengaluru.[20]

Talent500 By ANSR

Launched in 2019 as a subsidiary of ANSR, Talent500 By ANSR is a job search platform for Software Engineers in India.[21]

References

  1. ^ a b "Centre of gravity of MNCs shifting to India as tech becomes core to business - Times of India". The Times of India. Retrieved 2018-10-20.
  2. ^ "Tech captives may keep hiring in India despite Trump's tax breaks". The Economic Times. 2018. Retrieved 2018-10-20.
  3. ^ a b "Accel Partners Leads $9 Mn In Kyron Accelerator's Parent Company ANSR Consulting". Inc42 Media. 2015-06-10. Retrieved 2018-10-20.
  4. ^ "Global Entrepreneur Definition from Financial Times Lexicon". lexicon.ft.com. Retrieved 2018-10-20.
  5. ^ "Why MNCs are moving core operations to India - Times of India". The Times of India. Retrieved 2018-10-20.
  6. ^ Global Mindset: The ability to perceive events, whether financial, human resources, geopolitical, or demographic within the context of an interrelated, global world.
  7. ^ Phadnis, Shilpa (2014-02-12). "Secret's out: Victoria's, other US biggies court Bangalore tech". The Economic Times. Retrieved 2018-10-20.
  8. ^ "IT provides most number of jobs". The Hans India. 26 May 2018. Retrieved 2018-10-20.
  9. ^ Mendonca, Jochelle; Kulshrestha, Ashish (2016-10-07). "Andhra CM's new Cyberabad to have 5 lakh tech jobs by 2020". The Economic Times. Retrieved 2018-10-20.
  10. ^ Phadnis, Shilpa (2015-12-14). "Infosys plans to invest in Silicon Valley fund to track innovative startups". The Economic Times. Retrieved 2018-10-20.
  11. ^ "Lalit Ahuja firm gets funds from Accel - Times of India". The Times of India. Retrieved 2018-10-20.
  12. ^ Krishnamurthy, Krithika (2015-06-11). "Kyron's Lalit Ahuja raises funds to revamp business model". The Economic Times. Retrieved 2018-10-20.
  13. ^ "Startup accelerator facilitator Kyron Global plans to launch a $50 million venture fund". Moneycontrol. Retrieved 2018-10-20.
  14. ^ "Lalith Ahuja's ANSR to set up Rs 1,000 crore fintech facility at Vizag". The Economic Times. 2017-10-10. Retrieved 2018-10-20.
  15. ^ "Silicon Valley Bank to hire 200 - Times of India". The Times of India. Retrieved 2019-01-15.
  16. ^ Vignesh, J. (2017-08-18). "US-based startup accelerator Techstars enters into a JV with ANSR for India operations". The Economic Times. Retrieved 2018-10-20.
  17. ^ Start-up incubator Techstars to launch in India
  18. ^ Techstars to launch start-up accelerator
  19. ^ "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved 2018-10-20.
  20. ^ https://www.linkedin.com/company/x-10-by-ansr/about/ [self-published source]
  21. ^ https://www.linkedin.com/company/talent500/about/ [self-published source]

[1]

  1. ^ www.ETHRWorld.com. "Has fresher hiring shifted to GCCs from other MNCs? - ETHRWorld". ETHRWorld.com. Retrieved 2024-03-05.
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