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Ahmedabad-based Anil Group of Companies has announced its foray into the knowledge solutions business through its new venture, Ascent Knowledge Solutions.
The company said it would invest $10 million next year with a focus to providing solutions to small and medium enterprises (SMEs) in India, the US, South Asia and elsewhere.
AKS has set up a 100 per cent subsidiary in the USA, AKS Inc.(AKSI), and brought on board two technocrats, Prof David W Zimny, as President, AKSI, and Mr Brad Waller, Executive Vice-President, with expertise in information technology and management consultancy to head the operations in the US. The company has its headquarters in Atlanta and has also roped in a number of business and technology experts worldwide with experience in facts of business process and business technology integration, a company official said.
The US-based company has initiated a project on remote power monitoring system in partnership with the Power and Environment International (PEI), a company based in California and Nevada, and serving the entertainment and gaming industry, said Mr Nalin Kumar Thakur, Group President (HR & Systems), Corporate Services, Anil Group, at a press conference here.
In India, AKS will focus on providing solutions to companies related to high-speed local area network, wide area network, wireless network, fibre optic communication, remote resource monitoring and will also provide training through its designed courseware.
It will also focus on business processes and activities such as mapping, project management and HR related practices as there is a huge potential with many of the SMEs wanting to change themselves from family-owned to professionally managed companies. SMEs in India, he said, constitute 55 per cent of industry with a potential $100 million solutions market annually.
In the US, AKS aims to provide solutions in the space of data and information by putting in place remote resource monitoring systems to make available timely information through various communication means.
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