Sankhya InfoTech, a training and simulation solutions provider for the aerospace and defence sector, on Wednesday announced plans to expand its operation into the United States (US) and Singapore markets while strengthening its presence in Europe and the Middle East and North Africa (MENA) region.
The Hyderabad-based company, which builds simulations to help train technicians, wants to tap the growing demand for aircraft globally. The company expects the demand to increase from 20,000 to 46,000 aircraft in the next decade.
The entry into the two new markets is strategic since a lot of demand is expected to be driven from the US and Asia where fleets are due for renewal. The firm also said it was rolling out new solutions that use analytics and artificial intelligence to enhance training programmes, which are customised for individuals.
"Whether it's the simulation of a fighter jet aircraft engine for maintenance or a platform to implement world's first evidence-based training to Etihad Airways, we are intent on shaping the future of training with our innovations in immersive training systems, analytics and artificial intelligence and accelerate global presence," said Sankhya InfoTech CMD Sridhar Krishna.
Sankhya also counts companies such as Airbus, Boeing, Embraer, Etihad and Safran Aircraft Engines as its customers and hopes to expand this base through its geographic expansion. The company claims it already has over 1.5 million users for its products across 50 locations.
Sankhya also made three new appointments to its board of directors: Bhaskar Pramanik, former chairman, Microsoft India; Anil Valluri, president of NetApp India & SAARC; and Ravindran Govindan, founder and executive chairman, Mercatus Capital.