 | This article contains content that is written like an advertisement .(August 2022) |
| Founded | 2004 |
|---|---|
| Headquarters | Dallas , |
Key people | Lalit Ahuja |
| Products | Captive Centers |
| Website | Official website |
ANSR is a business consulting company. It was established in 2004 by Lalit Ahuja. [1] [2] Since its inception, ANSR has established over 85 GCCs aggregating to over 85k enterprise talent with over $1.6B in investment.[ citation needed ]
Lalit Ahuja founded the company in 2004, along with D.P Narayana, Thomas W. Sisson, and David Reed. [3] A retired Navy lieutenant and a global entrepreneur, [4] Ahuja is the former chief executive officer of the Indian arm of Target Corporation.
The firm works with multinationals to create their offshore capability centers in India. It has established more than 85 GCCs in India and invested over $1.6 billion[ clarification needed ] in capital infrastructure to fuel innovation. [1] [5] In 2015, Infosys bought a 5% stake in ANSR for $1.4 million. In 2015, ANSR raised $6.7M Series-A from Accel Partners and in 2021, $15M in Series-B from Sistema Asia and Evolvence India.
Ahuja was chosen as a special representative by Chandrababu Naidu to make Visakhapatnam a preferable destination for captive units. [6] [7] 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. [8] 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. [9]
Kyron Global is the innovation arm of ANSR. It is a global startup accelerator and has incubated multiple startups. [10] 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. [11] [3]
While connecting startups with multinationals, Kyron gives access to a global network of investors and takes equity from the incubated startups. [12] 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. [13] [14] [15]
As of 2017, Kyron Global has been shut down
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. [16] [17] The purpose of the joint venture is to convert promising business ideas into sustainable business models. [18] [19]
In 2019, ANSR launched a subsidiary named x10 by ANSR as a management consultancy based in Bengaluru. [20]
Launched in 2019 as a subsidiary of ANSR, Talent500 By ANSR is a job search platform for Software Engineers in India. [21]
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