The Hindu Business Line : Hero Mindmine to offer training outsourcing solutions

HERO Mindmine, the learning and knowledge management division of Hero Corporate Services Ltd, part of the Rs 9,500-crore Hero Group, is all set to offer training outsourcing solutions to developed countries such as the UK and the US.

"We are the only Indian company in this space,'' and we have chosen it because we firmly believe that there is a market waiting to be tapped.

While Hero Mindmine is not looking at taking up hands-on training for companies, it will occupy the space by offering content design for learning and development and working out the administration of the training for companies.

"A study done recently shows that Fortune 100 companies spend as much as $200 million annually on learning and development. Out of this, 55 per cent of the expenditure goes into content design and administration — this is the space we would be tapping,'' said Mr Asheesh Gupta, President, Hero Mindmine. According to him for companies in the developed world the cost differential works out to be 30 to 40 per cent.

Hero Mindmine has recently signed a contract with the Government of Oman to train the Omani citizens in communications skills. It is now looking at other West Asian countries such as the UAE, Bahrain and Kuwait to deliver training solutions.