Infosys said it has invested $1.4 million (Rs 8.82 crore) for a 5% stake in ANSR Consulting, a Bengaluru firm that helps global firms set up offshore captive centres in India.
This will be the third investment made by Infosys by dipping into its $500 million innnovation fund earmarked for investments in disruptive new business models and technologies. It has invested $15 million (Rs 94 crore) in a spin-off unit of animation movie maker Dreamworks Animation and $2 million (Rs 13 crore) in Airviz, a personal air quality monitoring startup from Carnegie Mellon University.
Global companies are setting up GICs to harness new technologies such as social, mobile, analytics and cloud. India has emerged as a unique destination for GICs due to wide access to technical and business talent at a reasonable cost, and the growing ecosystem of successful GICs.
ANSR Consulting, which has helped establish several GICs within India, creates joint ventures with companies, including those among Fortune 500 companies. ANSR Consulting helps the joint venture provide strategic, technology-driven solutions that drive competitive advantage and incremental revenue for the companies involved, Infosys said in a statement.
Commenting on the investment, Ritika Suri, Senior Vice President and Global Head of Corporate Development, Infosys said: "We are very excited to partner and invest in ANSR Consulting. This investment reflects our commitment to new, innovative business models. In particular, models that are significant to the growth that India is experiencing in delivering unprecedented value to clients across the world, by matching the demand for next-generation scalable solutions, with India’s supply of technology and business expertise."
Lalit Ahuja, Founder and CEO, ANSR Consulting said: "We are excited about this investment from the Infosys Innovation Fund. This investment, combined with Infosys’ breadth of next-generation technology services, will enable us to bring more GICs into India and help global companies advance their transformation and innovation agenda, and deliver ground-breaking solutions."