ANSR Consulting

ANSR Consulting Inc. is a consulting firm based in Dallas, USA and has its operating subsidiary in Bengaluru, India. Established in 2004 by Lalit Ahuja, ANSR establishes global capability centers (GCCs), also known as captive centers, in India.[1][2] In 2017, the Andhra Pradesh cabinet authorized ANSR to establish the largest financial technology facility in Visakhapatnam.[3]

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

History

Lalit Ahuja founded the company in 2004, along with D.P Narayana, Thomas W. Sisson, and David Reed.[4] A retired Navy lieutenant and a global entrepreneur,[5] Ahuja is the former chief executive officer of the Indian arm of Target Corporation.

The firm works with foreign multinationals to create their offshore capability centers in India. It has established more than 30 GCC's in India and invested over $1.3 billion in capital infrastructure to fuel innovation.[1][6] In 2015, Infosys bought a 5% stake in ANSR Consulting for $1.4 million and sold the entire stake in 2017 for $1 million.[7][8] The investment was part of the Innovate in India fund setup by Infosys for $250 million.[9][3][10]

Government Association

Ahuja was chosen as a special representative by Chandrababu Naidu to make Visakhapatnam a preferable destination for captive units.[11][12] 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.[13] 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.[14]

ANSR Consulting will build a Special Purpose Vehicle (SPV) named ANSR-AP to educate people about captive centers.[15] The project involves an investment of Rs. 1,000 crore and will create around 10,000 jobs,[16] according to the company's six-year growth plan.[17][18]

Kyron

Kyron Global is the innovation arm of ANSR Consulting. It is a global startup accelerator and has incubated multiple startups.[19] 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.[20][4]

While connecting startups with multinationals, Kyron gives access to a global network of investors and takes equity from the incubated startups.[21] 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.[22][16][23]

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.[24][25] The purpose of the joint venture is to convert promising business ideas into sustainable business models.[26][27]

x10 By ANSR

In 2019, ANSR launched a subsidiary named x10 by ANSR as a management consultancy based in Bengaluru. It was launched as a company that helps businesses to set up a distributed software engineering teams in India for their tech needs. They provide services for hiring the talent, managing workspaces, and all overheads needed to run a Center of Excellence (CoE) and claim to do it all in under 100 days.[28]

Talent500 By ANSR

Launched in 2019 as a subsidiary of ANSR, Talent500 By ANSR is a job search platform for Software Engineers in India. They generate a profile for you with the information you provide them, including your work experience and a set of verified skills. Their AI-based algorithms then match your profile to jobs relevant to your skills and needs and recommends your profile to companies.[29]

Official Website

ANSR

x10 By ANSR

Talent500 By ANSR

References
  1. "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. Chandran, Pradeesh (2015-07-21). "Innovate in India Fund invests in ANSR Consulting". The Hindu. ISSN 0971-751X. Retrieved 2018-10-20.
  4. "Accel Partners Leads $9 Mn In Kyron Accelerator's Parent Company ANSR Consulting". Inc42 Media. 2015-06-10. Retrieved 2018-10-20.
  5. "Global Entrepreneur Definition from Financial Times Lexicon". lexicon.ft.com. Retrieved 2018-10-20.
  6. "Why MNCs are moving core operations to India - Times of India". The Times of India. Retrieved 2018-10-20.
  7. "Infosys to sell entire stake in ANSR Consulting". VCCircle. 2017-12-29. Retrieved 2018-10-20.
  8. "Infosys divests investment in ANSR Consulting for $1 mn". Business Standard India. Press Trust of India. 2017-12-29. Retrieved 2018-10-20.
  9. Chandran, Pradeesh (2015-07-21). "Infosys Innovation Fund invests in ANSR Consulting". The Hindu. ISSN 0971-751X. Retrieved 2018-10-20.
  10. www.ETtech.com. "Infosys clocks double-digit growth, raises FY19 guidance - ETtech". ETtech.com. Retrieved 2019-01-15.
  11. Global Mindset: The ability to perceive events, whether financial, human resources, geopolitical, or demographic within the context of an interrelated, global world.
  12. Phadnis, Shilpa (2014-02-12). "Secret's out: Victoria's, other US biggies court Bangalore tech". The Economic Times. Retrieved 2018-10-20.
  13. "IT provides most number of jobs". The Hans India. Retrieved 2018-10-20.
  14. 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.
  15. "Andhra Pardesh govt paves way for 5000 highend IT jobs". www.aninews.in. Retrieved 2018-10-20.
  16. "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.
  17. Unruh, Gregory. "Being Global II: Global Leaders Have a Global Mind". Forbes. Retrieved 2018-10-20.
  18. "IT SEZ by ANSR Consulting worth 1000 crores and Millenium Tower @Visakhapatnam". Visakhapatnam News, Vizag Breaking News, Andhra Pradesh, India News, Entertainment, Movies, Magazine & More... 2017-10-11. Retrieved 2018-10-20.
  19. Phadnis, Shilpa (2015-12-14). "Infosys plans to invest in Silicon Valley fund to track innovative startups". The Economic Times. Retrieved 2018-10-20.
  20. "Lalit Ahuja firm gets funds from Accel - Times of India". The Times of India. Retrieved 2018-10-20.
  21. Krishnamurthy, Krithika (2015-06-11). "Kyron's Lalit Ahuja raises funds to revamp business model". The Economic Times. Retrieved 2018-10-20.
  22. "Startup accelerator facilitator Kyron Global plans to launch a $50 million venture fund". Moneycontrol. Retrieved 2018-10-20.
  23. "Silicon Valley Bank to hire 200 - Times of India". The Times of India. Retrieved 2019-01-15.
  24. 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.
  25. Start-up incubator Techstars to launch in India
  26. Techstars to launch start-up accelerator
  27. "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved 2018-10-20.
  28. https://www.linkedin.com/company/x-10-by-ansr/about/
  29. https://www.linkedin.com/company/talent500/about/
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