Category Archives: Technology

Deloitte India announces a Near Zero Cost Migration programme with SAP and AWS to drive business transformation and innovation for Indian customers

17 April 2025: Deloitte India, in collaboration with SAP and Amazon Web Services (AWS), has announced the Near Zero Cost Migration programme, a joint initiative designed to help SAP’s existing ERP customers accelerate their transition to the AI-powered RISE with SAP S/4HANA Cloud. This programme will fast-track and simplify the migration process, providing businesses with access to the enhanced capabilities and benefits of SAP Cloud ERP, a sustainable and high-performance infrastructure.

The programme enables organisations to transform their ERP while minimising upfront costs. It is a unique opportunity that helps businesses achieve a shorter time to value and provide a smooth transition while utilising cost-efficient and combined resources from Deloitte, SAP and AWS.

The Near Zero Cost programme seeks to streamline the migration by using Deloitte’s extensive industry expertise and framework. This includes a suite of AI-driven tools and accelerators, such as MigrateX, which automates key aspects of the migration process, including Assessment, SAP Note Analysis, CVI Deduplication and Testing. Together with AWS’ SAP cloud experience and end-to-end security that delivers high availability and provides disaster recovery with zero data loss option, customers will experience unified migration support that is resilient and efficient.

Anand Rajagopalan, Partner and SAP Offerings Leader, Deloitte South Asia, said, “Enterprise modernisation must be a structured, efficient and value-driven process. By aligning IT transformation with business objectives, this initiative allows enterprises to navigate migration challenges with minimal disruption. The combined expertise of Deloitte, SAP and AWS ensures organisations can move to cloud ERP seamlessly while optimising operations and improving scalability, agility and innovation potential.

Vinay Prabhakar, Deloitte South Asia Sales and Alliance Leader, said, “Collaboration is at the heart of business transformation. Through this alliance with SAP and AWS, we are providing enterprises with an opportunity to simplify migration, eliminate cost barriers and accelerate innovation. Cloud transformation is no longer an option but a necessity, and this initiative ensures organisations can move forward with confidence, agility and long-term resilience.”

Nitish Agrawal, Chief Partner Officer, SAP Indian Subcontinent, said, “We are enabling customers to accelerate their digital journeys by harnessing the full potential of cloud technology to innovate faster, operate more efficiently and achieve their long-term strategic goals. Together, we are transforming IT landscapes making organisations future-proof their operations to create lasting value in a rapidly evolving digital economy.”

Praveen Sridhar, Head of Partner Business, AWS India and South Asia, said, “The Near Zero Cost Migration programme offers organisations a streamlined pathway to modernise their SAP environment while using AWS Cloud infrastructure and Deloitte’s industry-leading expertise. Our collaboration with Deloitte and SAP will deliver a unified, automated approach that accelerates organisations’ digital transformation while ensuring sustained operational excellence.”

Deloitte’s Near Zero Cost Migration programme is an exclusive offer available in India until July 2025. Participating enterprises will gain access to structured guidance, proven recommendations, security principles and enhanced support at every step to ensure seamless transformation.

NPST Q3 FY25 Revenue at Rs. 23.23 Crore, Focuses on Long-Term Growth

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.

Garuda Aerospace & HFCL Partner to Advance AI in UAVs

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.

Noida International Airport Selects Kyndryl to Manage Its Technology Operations

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.

KSSL and L3Harris Sign MOU to Collaborate on Advanced Technology in India

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.

vivo India Collaborates with CIET-NCERT, IITM Pravartak & UNGCN India for vivo Ignite 3.0

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.

Ignitho announces major expansion of its India AI Center in Chennai

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.”

Hexaware Technologies IPO Opens on February 12, 2025

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.

Skilling, Decentralization & Efficiency Key, Says Jayesh Rajan at MoveInSync GCC Conclave 2025

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

DST MATH Hosts 17 AI Startups Pitching Healthcare Innovations

Hyderabad, 7th February 2025: Department of Science and Technology’s MATH (Machine Learning and Artificial Intelligence Technology Hub) that is one of India’s leading AI and ML startup incubators, successfully hosted the AI Healthcare Summit 2025 in Hyderabad. India’s healthcare landscape is on the brink of an AI revolution, as a defining moment of the summit was the showcase of breakthrough AI-powered healthcare solutions. Seventeen cutting-edge technologies promise to enhance efficiency, accuracy, and accessibility in healthcare delivery, addressing critical gaps in diagnostics, patient engagement, and medical decision-making.

Themed “Redefining Healthcare with AI,” the summit brought together leading government officials, top healthcare corporates, and AI-driven startups to showcase innovations in preventive care, precision medicine, and remote healthcare solutions. A total of 17 AI-driven startups participated in VC Pitch Games 2.0, a high-stakes showdown where they pitched groundbreaking solutions in diagnostics, robotic-assisted surgeries, and AI-powered patient engagement tools to a panel of India’s leading investors and healthcare giants.

Startups featured:

1. CerboTech Education: Brain-computer interface (BrainHat) for real-time neurofeedback to boost focus and mental wellness
2. ONI: AI-driven prenatal care combining lifestyle guidance (nutrition, mental health) and automated workflows.
3. Velectron Labs: Wearable device to monitor addiction patterns and support recovery.
4. VaidhyaMegha: Cloud/AI tools for hospitals to streamline diagnostics and patient management.
5. Augsidius: AI assistant (AstraAI) for doctors, with 20,000+ disease profiles and guidelines.
6. SETV: AI layer for hospitals + app (Medona) for symptom checks and doctor referrals.
7. Donation: AI tools for at-home oral scans and dental clinic management.
8. Aarogya ID: AI platform to automate health insurance claims for hospitals.
9. ViviSTAR Biologics: AI tool for early brain tumor detection using spectral analysis.
10. Carewell360: Phygital platform offering discreet, on-demand gynecology consultations and wellness services for women in non-metro areas.
11. Kode Blue: Ambulance-to-hospital system for real-time patient data sharing.
12. Apex Cura: SaaS platform for hospital operations (queues, records, dialysis tracking).
13. Metaloga: VR therapy (RelVersiv) for chronic pain relief.
14. Salubrity Health: Nutrition platform for personalized dietary plans and wellness.
15. Cliniv Health Tech LLP – AI-powered remote patient monitoring for proactive healthcare.
16. Signel Biomedical – Wearable biosensors for real-time vital sign tracking.
17. EH Note – Blockchain-based medical data security and interoperability.

Investor panel: Hyderabad Angels, Venture Catalysts, Inflection Point Ventures, Speciale Invest, Guptaji Invests, Powerscale Ventures, Anthill Ventures, and Dr. Gowda’s Dental.

Corporate giants in attendance: Apollo Hospitals, Global Hospitals, Medtronic, Johnson & Johnson, LV Prasad Eye Institute, Capsico Health, Sanofi, Map My Genome, IIIT Hyderabad, IKP, and more.

Metaloga (Founder: Sunil Golla), Augsidius (Founder: Dr. Akhila), and SetV (Founder: Mr. Vaibhav Ram) emerged victorious, impressing the jury with their innovative approaches and potential to revolutionize healthcare decision making.

During the second half of summit two AI-powered healthcare solutions were showcased—Augsidius AI & Manage My Startup. These cutting-edge technologies promise to enhance efficiency, accuracy, and accessibility in healthcare delivery, addressing critical gaps in diagnostics, patient engagement, and medical decision-making.

• Augsidius AI’s is an AI clinician assistant designed to aid doctors in clinical decision making. Built on our proprietary knowledge base of 20000+ diseases, Astra offers clinical pathways & guidelines that are adaptive to the patient notes and actionable to ease out the process. It also has various tools like AI medical search, clinical calculators and medical library to become a handy pocket tool to doctors.
• Manage My Startup is an AI driven platform empowers Founders to succeed from Concept to IPO for their Entrepreneurial journey. The Platform empowers to build, sustain, and grow a vibrant startup innovation ecosystem ensuring long-term economic growth and global competitiveness. Meanwhile,

The summit also featured powerful discussions on AI adoption in healthcare, regulatory pathways, and the future of AI-driven medical breakthroughs. Sessions included:

• “The Path to AI Adoption in Healthcare” – Addressing challenges and opportunities for AI integration in mainstream healthcare.
• “Unveiling Diverse AI Applications in Healthcare” – Exploring AI’s potential in drug discovery, medical imaging, and remote patient monitoring.
• A fireside chat with Padma Shri awardee Dr. Gopala Krishna Gokhale, Mr. Sujit Jagirdar, CEO, T-HUB & Dr. Kancherla Ravindranath, Chairman & MD, Global Hospital who spoke about the future of healthcare.

Speaking about MATH’s mission, Rahul Paith, CEO of MATH, stated: “The AI Healthcare Summit 2025 has successfully created a platform that unites visionaries, startups, and industry leaders. We are committed to fostering an ecosystem where AI-driven healthcare innovations can scale and significantly improve patient outcomes. By bridging the gap between technology and medicine, we aim to accelerate AI adoption, enhance diagnostic precision, and make healthcare more accessible for all.”

Sri. Jayesh Ranjan, Spl. Chief Secretary, Dept. Of Information Technology Electronics and Communications (ITE&C); Dept. of Industries and Commerce stated: “Telangana has been at the forefront of AI adoption, particularly in the healthcare and life sciences sector. Since 2019, we have been focused on building a robust AI ecosystem, and in 2020, we became the first state to launch an AI framework. To advance AI-driven healthcare, we are developing a Health Data Exchange for secure medical data access and collaborating with CDAP to provide subsidized compute infrastructure for AI startups. As Hyderabad emerges as India’s data center hub, we are engaging hyperscalers to enhance AI-enabled healthcare solutions. The Telangana government remains committed to fostering a thriving AI ecosystem that empowers startups and enterprises alike in transforming healthcare through technology. AI Healthcare Summit 2025 is a key step in this journey, serving as a catalyst for meaningful collaborations that will shape the future of AI-driven healthcare.”