Category technology

The Entrepreneur AI Summit 2025 delivered its conclusion at Eros International Hotel located in Nehru Place New Delhi as the biggest AI summit in India organised by CEOITBOX. The event showcased more than 500 entrepreneurs representing various locations within India with additional attendance from business owners operating in Tier-1 and Tier-2 regions who participated to witness the increasing need for business-friendly AI solutions focused on small and medium enterprises (SMEs and MSMEs).

 The summit delivered an educational platform for SMEs and MSMEs to examine AI strategies which improved operational efficiency and led to increased profitability. The seminar assembled a team of accomplished business experts which features Sanjeev Jain, founder and managing director of CEOITBOX alongside Dr. Anil Gupta, owner of Okaya, who provided important knowledge about implementing AI solutions across different industries. Panelists at the event included Adesh Gupta from Liberty Shoes along with Rajesh Aggarwal from Insecticides India and Saurabh Mittal from Sujata Appliances. The panelists exchanged knowledge on practical AI implementations, budget-friendly solutions, and best practices for implementing AI systems within small and medium enterprises and MSME’s.

Sanjeev Jain, Founder & MD of CEOITBOX, highlighted “AI empowers all entrepreneurs to use this modern technology for greater operational effectiveness to reach a broader market scale. Utilization of AI technology reaches beyond corporate giants to benefit any business owner dedicated to productive work instead of labour-intensive work. Every business owner who seeks work efficiency improvement can use this technology. The main challenge exists in creating user-friendly and understandable AI systems. MSMEs acquire comfort with AI after understanding its ability to simplify operations including automated work and enhanced customer relationships and enhanced business decision-making. The summit demonstrates Indian SMEs and MSMEs acute interest in AI implementation for their business operations.”

 Guests obtained practical experience through interactive demonstrations of AI capabilities that featured advanced technology solutions including business automation, Automated Business process and systems, and alongside predictive analytics solutions. The summit emphasized Practical implementations over theoretical explanations, aiming to equip SME and MSME owners with specific strategies for implementing AI efficiency immediately after the event.

The summit concluded with the key takeaway that businesses need straightforward AI adoption strategies, as being a tech-savvy entrepreneur is not essential for implementation. The sessions provided targeted instruction on how AI can manage supply chains, create powerful customer interactions, and make accurate forecasts, enabling business owners to develop their own AI integration methods. Case studies of AI implementation in sales forecasting and manufacturing automation highlighted how MSMEs can leverage the tangible benefits of AI in their operations.

The gathering successfully united SME and MSME business owners with AI solution providers, in a productive networking environment. Business Networking, exhibition, all aimed at supporting future partnerships and growth through AI solutions. Attendees had the opportunity to learn actionable AI strategies to transform their businesses, discover insider tips on AI tools to solve their biggest challenges and explore revolutionary techniques to scale and dominate their industry with AI.

 The Entrepreneur AI Summit 2025 highlighted India’s ambition to become a leading hub for AI-driven SMEs and MSMEs, showcasing how AI will revolutionize business operations in the future. The overwhelming positive feedback during the summit suggests that Indian SMEs and MSMEs are ready to embrace AI, as it promises to drive sustainable growth. The event’s successful conclusion signals that new collaborations, along with ongoing AI adoption and sector innovation, will shape the future of the SME and MSME industry in the years to come.

Mumbai, India, [18th February 2025] – Network People Services Technology Ltd. (NSE: NPST), a leading fintech company, providing digital banking and payments technology solutions, today announced its financial results for the third quarter of fiscal year 2025, highlighting strong year-on-year growth in revenue for the first nine months of the year. The company posted a 78.53% increase in nine-month revenue, reaffirming its long-term growth strategy.

Consolidated Performance Highlights 9M and Q3 FY 2025

NPST’s nine-month revenue reached ₹152.46 crore, up from ₹85.40 crore in the same period last year. The growth reflects NPST’s continued investment in expanding its core payment platform and venturing into new verticals such as Offline Payments (QR and SoundBox), RegTech, and Instant Credit on UPI as a part of its strategy to strengthen and diversify its portfolio.

The net profit for the period surged to ₹38.91 crore, a significant increase from ₹16.69 crore in FY 2024, a 133.08% increase

The EBITDA for the nine months stood at ₹55.71 crore, compared to INR ₹28.40 crore in the same period last year, an increase of 96.2%.

For the quarter ending December 2024, NPST posted revenue of ₹23.23 crore, compared to ₹32.08 crore in the corresponding quarter of the previous year. The company maintained a positive EBITDA of ₹8.21 crore and a net profit (PAT) of ₹5.14 crore, driven by effective cost management and strong operational efficiency.

Deepak Chand Thakur, Co-Founder and CEO of NPST, said, “NPST’s Q3 performance highlights the impact of our strategic investments. While these have affected short-term revenue, they have reinforced our long-term foundation. Our nine-month results demonstrate solid growth, and our continued focus on high-potential areas like Offline Payments, RegTech and Instant Credit on UPI will position us for sustained expansion, providing a competitive advantage in the evolving fintech landscape.”

Commenting on the company’s financial performance, Ashish Aggarwal, Co-Founder and Joint Managing Director of NPST, said, “NPST’s consolidated nine-month performance remains resilient, driven by financial discipline, operational efficiency, and strategic investments in product expansion. These investments are key to deepening customer relationships, securing a stronger foothold in the fintech sector, and driving sustained value creation for our stakeholders.”

Other Business Highlights

• Launched Instant Credit on UPI: NPST launched a UPI Instant Credit Line for one of India’s largest banks, marking an entry into embedded lending.
• RegTech Pilot: The company successfully piloted an AI-driven Risk Intelligence Decisioning Platform to counter fraud and enhance the security of payment ecosystems for acquirers
• Offline Payments: Secured incremental orders for Qynx (QR and SoundBox) and expanded its customer base for the product.
• Strategic Partnership: NPST partnered with a leading payments bank to optimize payout services and improve transaction flows.
• Industry Recognition: The company was awarded ‘Company of the Year 2024’ by Frost & Sullivan for its innovations in payments technology.

Bengaluru, February 17, 2025: Garuda Aerospace, India’s leading drone startup, has signed a Memorandum of Understanding (MOU) with Himachal Futuristic Communications Limited (HFCL) at Aero India 2025. This collaboration combines HFCL’s expertise in advanced payload systems with Garuda Aerospace’s leadership in UAV manufacturing and deployment, marking a significant step in strengthening India’s UAV ecosystem.

The partnership between Garuda Aerospace and HFCL will drive innovation across critical sectors, including defense, agriculture, surveillance, industrial inspection, disaster response, and logistics. HFCL will focus on designing advanced payloads such as EO/IR sensors, LiDAR, and AI-driven communication systems, while Garuda Aerospace will integrate these technologies into its UAV platforms, ensuring seamless deployment for both commercial and defense applications.

Under this MOU, drones will be equipped with AI capabilities to support various applications, including disaster management with thermal imaging drones for search, rescue, and damage assessment. Industrial inspections through high-resolution cameras and 5G-enabled drone networks for smart city surveillance will also be tapped. Additionally, AI-powered cargo drones will optimize logistics and urban mobility. Real-time monitoring and analytics for the Namo Drone Didi and Viksit Bharat initiatives will also support farmers. The partnership will further involve joint research in AI, machine learning, and sensor fusion technologies, driving the development of next-gen UAV systems with extended flight times, autonomy, and swarm capabilities. This strategic alliance strengthens India’s self-reliance in UAV technology, aligns with the “Aatmanirbhar Bharat” initiative, and positions both companies to drive global market expansion through indigenous manufacturing and innovation.

Agnishwar Jayaprakash, Founder & CEO, Garuda Aerospace, said “At Garuda Aerospace, we’re building a foundation for next-generation drones that will strengthen UAV technology. This collaboration gives Garuda a significant competitive advantage, enabling us to offer our customers the most advanced drone solutions available. The integration of high-performance payload technology for our drones will benefit various sectors, reducing our reliance on foreign suppliers and boosting our ‘Make in India’ initiative.”

Mr Sampathkumaran S T, Executive President (Defence Business), HFCL said “The partnership with Garuda Aerospace represents a powerful synergy. HFCL is committed to driving technological innovation across sectors. By combining our technological strengths, we are together building a future where drones are integral to national security, economic growth, and humanitarian efforts. We’re proud to be part of this ‘Make in India’ initiative and excited to see the impact of our joint efforts on a global scale.”

The partnership promises to accelerate large-scale drone deployment, boosting indigenous manufacturing and creating opportunities for global market expansion. By driving innovation in UAV technology, Garuda Aerospace, and HFCL are poised to lead India’s journey toward self-reliance in advanced defense and technology solutions.

Bengaluru, India, February 17, 2025 – Noida International Airport (NIA) today announced a collaboration with Kyndryl (NYSE: KD), the world’s largest IT infrastructure services provider, to manage the airport’s modern technology environment and 24X7 support model. Kyndryl will draw on its more than three decades of experience managing and transforming airlines and airports in India and around the world, to provide NIA with the latest frameworks, advanced delivery services, and governance practices to ensure best-in-class technology-driven operations.

As a greenfield airport, NIA aims to offer customers a memorable experience while traveling through its terminal. With technology at the center of that experience, Kyndryl will work with NIA to build a robust IT foundation by reviewing existing architecture, establishing frameworks to effectively steer policies, implementing technology delivery changes, security services, asset management, and managing risks and audit compliance during operations.

Kyndryl will also manage NIA’s IT estate on Kyndryl Bridge, accelerating the automation of its IT infrastructure, while monitoring the real-time health and performance of its systems. Kyndryl Bridge, an AI powered open integration platform, will be core to the airport’s 24×7 technology support system, helping the airport proactively detect and mitigate issues before they impact operations and customers’ experience at the airport. Kyndryl will also implement robust information security services including first response systems to cyber security incidents, security policy administration and health status monitoring.

Speaking on the collaboration Christoph Schnellmann, Chief Executive Officer, of Noida International Airport said, “At Noida International Airport, our commitment to excellence drives every decision we make. Partnering with Kyndryl allows us to leverage their global expertise and innovative solutions to create a world-class airport that prioritizes passenger satisfaction and operational efficiency. Kyndryl’s proven track record in managing complex IT environments ensures that we are well-equipped to meet the demands of modern aviation.”

“In India, there are many citizens who are yet to take their first flight. Improving people connectivity across India is imperative and supports critical infrastructure needs and the India Government’s national agenda. It’s a privilege to enter into a new customer engagement with Noida International Airport ahead of the airport launch as it allows us to bring into purview the entire gamut of technology, consulting, delivery, and sustainability services that Kyndryl offers as well as grow and develop along with the airport’s expansion and growth,” said Lingraju Sawkar, President, Kyndryl India.

Noida International Airport will combine Indian warmth and hospitality with Swiss technology and efficiency to develop a modern, user-friendly design, inspired by India. The first phase of the airport will feature one runway and one terminal, with the capacity to handle traffic of 12 million passengers annually. Upon completion of all four development phases, the airport will be able to cater to 70 million passengers per year.

The combination of artificial intelligence (AI) and the Internet of Things (IoT) opens new possibilities for solving real-world problems. At Hikvision, we refer to this combination as the AI-powered Internet of Things (AIoT). Hikvision has expanded our focus from visible-light perception to more perception dimensions. Hikvision has also integrated AI analytics into various products and solutions. Systematically, we have built a comprehensive AIoT technology system and product portfolio.

Hikvision’s ‘See Smarter’ technology leverages advanced AI and deep learning algorithms to enhance physical security and provide deep insights. Here’s how it works:
Object Detection and Classification: The technology automates the detection and classification of objects, improving response times and reducing costs.
Motion Analysis: It analyzes motion to provide more accurate and timely information.
Perimeter Protection: Using a large-scale AI model, it offers classified object detection algorithms to enhance perimeter security2
Self-learning Analytics: The system continuously learns and optimizes its algorithms to improve accuracy.
AcuSense Technology: This distinguishes between humans and vehicles to trigger accurate alarms.
Automatic Number Plate Recognition (ANPR): This technology revolutionizes vehicle management by recognizing license plates.
Facial Recognition: It identifies individuals from a preconfigured list, enhancing security in restricted areas.
These features collectively enable Hikvision’s technology to provide deep insights and improve overall security.
‘See Smarter’ Technology
AI analytics refers to a subset of artificial intelligence that uses machine learning to gain insights, find patterns, and discover relationships in the data. In practice, it is the process of automating the analysis that a human would typically perform.
In the field of physical security, Hikvision’s ‘See Smarter’ technology uses powerful deep learning algorithms to automate the detection, classification, and further examination of objects and their motions in both the camera’s view and back-end devices. It reduces costs, speeds up responses, and facilitates new practices and processes.
Key Offerings of ‘See Smarter’ technology
Perimeter protection with a large-scale AI model: Advancing perimeter security by offering classified object detection algorithms optimized using a large-scale AI model.
Self-learning analytics: It is fully automated learning by Hikvision algorithms, embedding an inference engine in the back-end device to automatically optimize algorithm accuracy in fixed cycles.
AcuSense: Distinguishing persons and vehicles from other moving objects so as to trigger accurate trespass alarms at perimeters.
ANPR: Automatic Number Plate Recognition (ANPR), also known as License Plate Recognition (LPR), is a technology that has revolutionized vehicle management.
Switchable AI analytics: With multiple deep learning algorithms in one camera, up to two algorithms can be enabled or scheduled to work at a time.
PPE detection: Detection of persons without personal protective equipment (PPE) and triggering instant alarms in critical workplaces such as construction sites and factories.
People counting: Providing insightful customer flow data in real time to maintain a friendly business environment for a better customer experience.
Facial recognition: Recognition of stored faces from a preconfigured list of persons – for example, employees authorized to enter a restricted area.
Hikvision’s ‘See Smarter’ technology offers several key advantages and benefits:
Enhanced Security: The technology automates object detection, classification, and motion analysis, improving response times and reducing costs.
Perimeter Protection: It uses a large-scale AI model to offer classified object detection algorithms, enhancing perimeter security.
Self-learning Analytics: The system continuously learns and optimizes its algorithms to improve accuracy.
AcuSense Technology: This distinguishes between humans and vehicles to trigger accurate alarms.
Automatic Number Plate Recognition (ANPR): This technology revolutionizes vehicle management by recognizing license plates.
Facial Recognition: It identifies individuals from a preconfigured list, enhancing security in restricted areas.
Cost Efficiency: By automating various security processes, the technology reduces the need for manual intervention, leading to cost savings.
Thus, features collectively enable Hikvision’s ‘See Smarter’ technology to deliver better outcomes.

Chandigarh, 12th February, 2025—Kalyani Strategic Systems Limited (KSSL), a subsidiary of Bharat Forge Limited (NYSE: BFL) and L3Harris Technologies (NYSE: LHX) signed a Memorandum of Understanding (MOU) for wider collaboration in supporting advanced defense and security equipment in India.

Under the two-year agreement, both companies will work in close collaboration to provide solutions for mutually agreed opportunities in Command, Control, Communications, Intelligence, Surveillance and Reconnaissance (C4ISR) technologies. The MOU provides L3Harris with a strong, local partner to support tactical communications network development in India, extending an existing global install footprint of more than 1 million fielded radios across U.S. Department of Defense and allied inventories.

“This MOU sets the stage for future partnerships and opportunities in India, where the combined strengths of L3Harris and KSSL can contribute to bolster national security for the country,” said Dave Johnson, Vice President, International, L3Harris. “We are excited to move forward and increase our delivery speed in advanced tactical radios and equipment to the Indian Armed Forces.”

The U.S.-India Defense Industrial Cooperation encourages both parties’ support of advanced defense technologies, capabilities and equipment. The MOU is designed to foster collaboration in defence technologies, with a framework for innovation that benefits both L3Harris and KSSL.

“This collaboration unlocks new strategic capabilities and will lead to harnessing new opportunities for quick delivery of sophisticated defense products to the Indian Armed Forces,” said Neelesh Tungar, President & CEO, of KSSL. “Aligned with the evolving doctrines and emerging warfare paradigms, this collaboration between KSSL and L3Harris is aimed at serving future strategic requirements, including joint and integrated ISR capabilities.”

While focusing on the Indian market, the collaboration also seeks to establish robust and resilient supply chains outside India for global obligations.

L3Harris has operated in India for more than 21 years, with facilities in New Delhi and Bengaluru. In addition to providing the Indian Armed Forces with sophisticated tactical radios and manned airborne electro-optic/infrared systems, the company provides Futuristic Telecommunications Infrastructure for all Indian airports in partnership with the Airport Authority of India.

New Delhi, India, February 12, 2025: vivo, the innovative global smartphone brand, has formed strategic partnerships with the Central Institute of Educational Technology – NCERT (CIET-NCERT), IIT Madras Pravartak Technologies Foundation, and UN Global Compact Network India (UN GCNI) for its flagship CSR program, vivo Ignite: Technology and Innovation Initiative (T&I initiative). These collaborations are set to further elevate the T&I Initiative, which focuses on empowering India’s youth, particularly students from grades 8–12, by providing them with resources, mentorship, and platforms needed to tackle some of the world’s most pressing societal challenges through innovative solutions.

These partnerships represent a confluence of expertise, creating a dynamic ecosystem to inspire innovation and drive meaningful change.

• CIET-NCERT will enhance the program’s reach and accessibility, ensuring ideas from diverse backgrounds can flourish.
• IITM Pravartak Technologies Foundation will offer productive guidance to empower participants to refine and scale their innovations
• UN Global Compact Network India will enable the program to be seen under the light of contributing to the SDGs

Together, these organizations will amplify the initiative’s mission to empower young minds and transform creative tech-driven ideas into meaningful societal change.

Geetaj Channana, Head of Corporate Strategy, Vivo India, said, “At Vivo, we believe in the transformative power of collaboration. By joining forces with CIET-NCERT, IITM Pravartak Technologies Foundation, and UN Global Compact Network India, we aim to amplify the impact of vivo Ignite, empowering young innovators to design meaningful, tech-driven solutions for societal challenges. This partnership is not just an alliance but a shared commitment to creating a sustainable future by equipping India’s youth with the tools and guidance they need to succeed.”

He added, “Through vivo Ignite, we aim to bridge the gap between ambition and execution, turning ideas into tangible, scalable solutions that drive positive change. This partnership reaffirms our belief in nurturing the changemakers of tomorrow and advancing the larger vision of technology for good.”

The 3rd edition of the vivo Ignite Initiative provided opportunity to students from grades 8–12 across India. The program, conducted in three stages, encourages young minds to develop innovative solutions in key areas such as Software-Tech Innovations, Agriculture & Climate Change, and Community Development Innovations, with all themes aligned with the UN SDGs.

In the upcoming stage, an esteemed jury will meticulously evaluate the entries and shortlist 200 ideas – 50 from each zone (North, South, East, and West). These zonal winners will participate in workshops and receive mentoring sessions. The shortlisted participants will then submit a video explaining their working model/prototype and provide details of the project in a Project Display Board format. The Top 10 ideas will proceed to the next stage.

In the final stage, participants of the Top 10 Ideas will undergo industry workshops and receive mentoring sessions from distinguished subject matter experts from IITM Pravartak Technologies Foundation to refine their skills. They will present their final prototypes at the Grand Finale in June 2025 in New Delhi. Participants of the initiative will have the chance to win scholarships and rewards up to INR 35 lakhs* in total.

In a world driven by rapid technological advancements, the ability to think critically, innovate, and solve real-world challenges has never been more important. India, with its growing technology ecosystem, is emerging as a global hub for innovation and progress. vivo Ignite is designed to inspire young minds to push boundaries, develop breakthrough ideas, and apply technology to create solutions with meaningful societal impact.

Chennai, February 10, 2025. Ignitho Technologies Inc., a leading AI-driven digital engineering company, has announced a major expansion of its India AI Center in Chennai. The new expanded AI facility at Elcot SEZ, at Sholinganallur in Chennai, was inaugurated by Dr. Palanivel Thiyagarajan, Hon. Minister of Information Technology and Digital Services, Tamil Nadu.

Ignitho plans to grow its team to 1,000, focused on AI capabilities, over the next two years. This expansion is part of Ignitho’s strategic growth plan, and the new center will serve as a hub for developing and deploying more AI Agents, leveraging advanced technologies such as LLMs, Machine Learning, and Gen AI.

This expansion underscores Ignitho’s commitment to driving innovation and delivering state-of-the-art Agentic AI solutions to its clients. With an initial capacity of 300, the new office will also function as the AI capability center for Nuivio Ventures Inc., the parent company of Ignitho. Enabling Nuivio to support its portfolio of AI product companies, including Piqual Inc. and Talentou Inc., as well as other AI startups in the pipeline.

Joseph Olassa, CEO of Nuivio Ventures, commented: “This expansion marks a significant milestone for our portfolio company, Ignitho. By doubling our office space and increasing our team size, we are positioning ourselves to better serve our clients and push the boundaries of AI-driven engineering services.”

Roney Soloman, Chief Commercial Officer who is set to take the interim CEO role of Ignitho, added “Our new facility will be a center of excellence for AI innovation, fostering an environment where talent can thrive and breakthrough ideas can flourish.”

Ashin Antony, Chief Technology Officer, added: “We are thrilled to expand our presence in Chennai as we plan to grow our size to 1000 employees in the next 2 years. Chennai is emerging as one of India’s hottest tech hubs for a deep and broad set of technology skills. We look forward to welcoming new talent from colleges in and around Chennai to join us in our journey of transforming the AI landscape.”

Chandigarh, February 7, 2025: Hexaware Technologies Limited (the “Company”) proposes to open an initial public offering (“Offer”) of its equity share of the face value of ₹1 each (“Equity Shares”) on Wednesday, February 12, 2025. The Anchor Investor Bidding Date is one Working Day before the Bid/Offer Opening Date, Tuesday, February 11, 2025. The Bid/ Offer Closing Date is Friday, February 14, 2025.

The Price Band of the Offer has been fixed from ₹ 674 per Equity Share to ₹ 708 per Equity Share. Bids can be made for a minimum of 21 Equity Shares and multiples of 21 Equity Shares thereafter.

The initial public offering comprises an offer for the sale of Equity Shares aggregating up to ₹ 8,750 crores by CA Magnum Holdings (the Promoter Selling Shareholder).

The Offer is being made in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended, (the “SCRR”) read with Regulation 31 of the SEBI ICDR Regulations. The Offer is being made through the Book Building Process, in compliance with Regulation 6(1) of the SEBI ICDR Regulations, wherein in terms of Regulation 32(1) of the SEBI ICDR Regulations, not more than 50% of the Net Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”) (the “QIB Category”), provided that our Company in consultation with the BRLMs, may allocate up to 60% of the QIB Category to Anchor Investors, on a discretionary basis by the SEBI ICDR Regulations (the “Anchor Investor Portion”), of which one-third shall be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the price at which Equity Shares of face value of ₹ 1 each are allocated to Anchor Investors (the “Anchor Investor Allocation Price”). In the event of under-subscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares of the face value of ₹ 1 each shall be added to the QIB Category (other than Anchor Investor Portion) (“Net QIB Category”).

Further, 5% of the Net QIB Category shall be available for allocation on a proportionate basis to Mutual Funds only and the remainder of the Net QIB Category shall be available for allocation on a proportionate basis to all QIBs, including Mutual Funds, subject to valid Bids being received at or above the Offer Price.

However, if the aggregate demand from Mutual Funds is less than 5% of the QIB Category, the balance of Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining QIB Category for proportionate allocation to QIBs.

Further, not less than 15% of the Net Offer shall be available for allocation to Non-Institutional Investors (“NIIs”) (the “Non-Institutional Category”) of which one-third of the Non-Institutional Category shall be available for allocation to Bidders with a Bid size of more than ₹ 200,000 and up to ₹ 1,000,000 and two-thirds of the Non-Institutional Category shall be available for allocation to Bidders with a Bid size of more than ₹ 1,000,000 provided that under-subscription in either of these two sub-categories of the Non-Institutional Category may be allocated to Bidders in the other sub-category of the Non-Institutional Category by the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price.

Further, not less than 35% of the Net Offer shall be available for allocation to Retail Individual Investors (“RIIs”) (the “Retail Category”), in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Offer Price.

Further, Equity Shares will be allocated on a proportionate basis to Eligible Employees applying under the Employee Reservation Portion, subject to valid Bids received from them at or above the Offer Price.

All Bidders (other than Anchor Investors) shall mandatorily participate in this Offer through the Application Supported by Block Amount (“ASBA”) process, and shall provide details of their respective bank account, including UPI ID for UPI Investors in which the Bid Amount will be blocked by the SCSBs or the Sponsor Banks, as the case may be. Anchor Investors are not permitted to participate in the Offer through the ASBA process.

The Equity Shares of the Company are proposed to be listed on BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”) (the “Stock Exchanges”).

Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, J.P. Morgan India Private Limited, HSBC Securities and Capital Markets (India) Private Limited and IIFL Capital Services Limited (formerly known as IIFL Securities Limited) are the Book Running Lead Managers (“BRLMs”) to the Offer.

Hyderabad, February 7th, 2025: Mr. Jayesh Ranjan, Special Chief Secretary of the Industries & Commerce (I&C) and Information Technology (IT) Departments of the Telangana government presided over the inaugural MoveInSync GCC Conclave 2025 in Hyderabad, today. The event was co-hosted by Humanize AI. The objective of the GCC Conclave is to engage with stakeholders and explore areas of talent management, infrastructure, sustainability, and innovation in driving GCC growth in the State

Deepesh Agarwal, co-founder and CEO of global leaders in enterprise commute, MoveInSync, kicked off the conclave presenting key statistics that represent Hyderabad’s growth and state of commute. He said “The Indian GCC market is poised to grow to $100 B by 2030 and over 30% of GCCs chose Hyderabad over other cities. While Hyderabad’s GCC market size increased from 230 in FY19 to 355 in FY24, the workforce has also seen an increase from 200,000 to 250,000 during the period. Added to that the population in Hyderabad is likely to grow by 12.7% over the next 5 years. Deepesh further pointed out the challenges faced by daily commuters and pointed at the increasing distance and time taken to commute. Hyderabadis today travel 10% more compared to pre-pandemic distances with about 45% living between 15kms-25kms from their workplace and has witnessed a 13.7% increase in travel time compared to pre-pandemic levels.

Mr. Jayesh Ranjan, Special Chief Secretary of the Industries & Commerce (I&C) and Information Technology (IT) Departments of the Telangana Government delivered a speech to inaugurate the conclave and said “GCCs have become an important driver of our economy. We have seen in the budget that a national GCC policy is on the anvil. Hyderabad’s performance across all parameters of growth has been one of the best in the country and a large part of this growth has come from GCCs” He further stressed the need for ‘decentralization’, and the Government of Telangana’s Tier 2 City policy that has been framed to incentivize companies to set up offices outside of the city of Hyderabad. He mentioned Medchal in East Hyderabad and Mallampet in South Hyderabad and the Government’s initiative in the regions and further urged businesses to consider organizing their workforce in these regions.

The speech was followed by a fireside chat between Mr. Jagdish Mitra, Cofounder and CEO of Humanize, and Sirisha Voruganti, CEO and Managing Director, Lloyds Technology Centre India, on the greater role of AI in businesses in India and the possibilities that lie in artificial intelligence.

Speaking at the conclave, Mr. Jagdish Mitra, Founder & CEO of Humanize said, “India, the innovation hub for GCCs across industries, is poised to host nearly 2,400 captive units by 2030. Driven by key factors such as robust infrastructure, cutting-edge innovation, a thriving talent ecosystem, and business-friendly policies, the future holds immense promise.

Tier 1 cities will play a pivotal role in accelerating this momentum, with Hyderabad, Bengaluru, and NCR already home to 120,000+ AI/ML professionals. Notably, Hyderabad has emerged as a deep-tech powerhouse for Global Captive Centers, offering unparalleled technology and talent support. The growth trajectory of these units will be fascinating to witness, further shaped by progressive policies and a focus on niche technical expertise and enabling Tier 2 cities to attain scale.

I’m delighted to have been part of the insightful discussions at the GCC Conclave, mapping the remarkable journey of Global Captive Centers. Humanize with its focus on Agentic AI based services will undoubtedly remain at the forefront, driving excellence and empowering these units to scale with speed and sustainability.”

The chat was followed by a panel discussion that discussed how GenAI and Emerging Technologies Enhance Service Delivery in GCCs. Noted business leaders like Ashok Venkatachalam, Managing Director, Evernorth Health Services India, Rajesh Puneyani, VP and Managing Director, GCC Site Leader, Kenvue Solutions India GCC, Dr. Durga Prakash Devarakonda, Ex – Managing Director, Carelon, Hari Krishna Verma Nadimpalli, Vice President / Managing Director @ Global Innovation Center, Inspire, Raja Roy, Co-Founder & CTO, Humanize participated in the panel discussion

The conclave ended with a panel that focused on Hyderabad’s Growth Story, its Initiatives in Sustainability, CRE & Mobility Infrastructure. This panel featured Rakesh Singhania, Partner and CFO, Gloplax, Arvind Chittora, Managing Director, Sonoco India Performance Hub, Country Head, Conitex Sonoco India, Annapurna Alladi, Partner Digital Trust, KPMG and Ujjwal Trivedi, Vice President – Product & Growth, MoveInSync