ANSR Consulting - Revision history

Bogdanwyo: update information also and added references

2023-12-21T15:46:49Z

update information also and added references

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-{{short description|Consulting firm based in Dallas, Texas, US and operating in India}}
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>BattyBot: Removed/fixed incorrect author parameter(s), performed general fixes

2020-12-27T02:44:25Z

Removed/fixed incorrect author parameter(s), performed general fixes

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{{short description|Consulting firm based in Dallas, Texas, US and operating in India}}
{{Infobox company
| name = ANSR Consulting Inc.
| logo =
| type =
| industry =
| fate =
| predecessor = 
| successor = 
| founded = 2004
| founder = 
| defunct = 
| hq_location_city = Dallas
| hq_location_country = [[United States of America]]
| area_served = 
| key_people = Lalit Ahuja
| products = [[Captive Centers]]
| owner = 
| num_employees =
| num_employees_year = 
| parent =
| website = {{URL|https://ansr.com|Official website}}
}}
'''ANSR Consulting Inc.''' is a consulting firm based in [[Dallas]], USA and has its operating subsidiary in [[Bangalore|Bengaluru]], India. Established in 2004 by Lalit Ahuja, ANSR establishes global capability centers (GCCs), also known as [[Captive service|captive centers]], in India.<ref name="The Times of India">{{Cite news|url=https://timesofindia.indiatimes.com/business/india-business/centre-of-gravity-of-mncs-shifting-to-india-as-tech-becomes-core-to-business/articleshow/64507977.cms|title=Centre of gravity of MNCs shifting to India as tech becomes core to business - Times of India|work=The Times of India|access-date=2018-10-20}}</ref><ref>{{Cite news|url=https://economictimes.indiatimes.com/jobs/tech-captives-may-keep-hiring-in-india-despite-trumps-tax-breaks/articleshow/62700844.cms|title=Tech captives may keep hiring in India despite Trump’s tax breaks|date=2018|work=The Economic Times|access-date=2018-10-20}}</ref> In 2017, the Andhra Pradesh cabinet authorized ANSR to establish the largest financial technology facility in Visakhapatnam.<ref name=":2" />

== History ==
Lalit Ahuja founded the company in 2004, along with D.P Narayana, Thomas W. Sisson, and David Reed.<ref name=":0">{{Cite news|url=https://inc42.com/buzz/accel-partners-leads-9-mn-in-ansr/|title=Accel Partners Leads $9 Mn In Kyron Accelerator’s Parent Company ANSR Consulting|date=2015-06-10|work=Inc42 Media|access-date=2018-10-20|language=en-US}}</ref> A retired Navy lieutenant and a global entrepreneur,<ref>{{Cite web|url=http://lexicon.ft.com/Term?term=global-entrepreneur|title=Global Entrepreneur Definition from Financial Times Lexicon|website=lexicon.ft.com|language=en|access-date=2018-10-20}}</ref> Ahuja is the former [[chief executive officer]] of the Indian arm of [[Target Corporation]].

The firm works with foreign multinationals to create their offshore capability centers in India. It has established more than 30 GCC's in India and invested over $1.3 billion{{clarify|date=October 2018}} in capital infrastructure to fuel innovation.<ref name="The Times of India"/><ref>{{Cite news|url=https://timesofindia.indiatimes.com/business/india-business/why-mncs-are-moving-core-ops-to-india/articleshow/63690374.cms|title=Why MNCs are moving core operations to India - Times of India|work=The Times of India|access-date=2018-10-20}}</ref> In 2015, [[Infosys]] bought a 5% stake in ANSR Consulting for $1.4 million and sold the entire stake in 2017 for $1 million.<ref>{{Cite news|url=https://www.vccircle.com/infosys-to-sell-entire-stake-in-ansr-consulting|title=Infosys to sell entire stake in ANSR Consulting|date=2017-12-29|work=VCCircle|access-date=2018-10-20|language=en-US}}</ref><ref>{{Cite news|url=https://www.business-standard.com/article/companies/infosys-divests-investment-in-ansr-consulting-for-1-mn-117122900759_1.html|title=Infosys divests investment in ANSR Consulting for $1 mn|agency=Press Trust of India|date=2017-12-29|work=Business Standard India|access-date=2018-10-20}}</ref> The investment was part of the Innovate in India fund setup by Infosys for $250 million.<ref>{{Cite news|url=https://www.thehindu.com/business/infosys-innovation-fund-invests-in-ansr-consulting/article7447832.ece|title=Infosys Innovation Fund invests in ANSR Consulting|last=Chandran|first=Pradeesh|date=2015-07-21|work=The Hindu|access-date=2018-10-20|language=en-IN|issn=0971-751X}}</ref><ref name=":2">{{Cite news|url=https://www.thehindu.com/business/innovate-in-india-fund-invests-in-ansr-consulting/article7448445.ece|title=Innovate in India Fund invests in ANSR Consulting|last=Chandran|first=Pradeesh|date=2015-07-21|work=The Hindu|access-date=2018-10-20|language=en-IN|issn=0971-751X}}</ref><ref>{{Cite web|url=https://tech.economictimes.indiatimes.com/news/corporate/infosys-clocks-double-digit-growth-raises-fy19-guidance/67497022|title=Infosys clocks double-digit growth, raises FY19 guidance - ETtech|last=www.ETtech.com|website=ETtech.com|language=en|access-date=2019-01-15}}</ref>

== Government Association ==
Ahuja was chosen as a special representative by [[N. Chandrababu Naidu|Chandrababu Naidu]] to make [[Visakhapatnam]] a preferable destination for captive units.<ref>[https://www.diversitybestpractices.com/sites/diversitybestpractices.com/files/attachments/2017/08/03a_competencies_global_mindset.pdf Global Mindset: The ability to perceive events, whether financial, human resources, geopolitical, or demographic within the context of an interrelated, global world.]</ref><ref>{{Cite news|url=https://economictimes.indiatimes.com/news/company/corporate-trends/Secrets-out-Victorias-other-US-biggies-court-Bangalore-tech/articleshow/30263094.cms|title=Secret's out: Victoria's, other US biggies court Bangalore tech|last=Phadnis|first=Shilpa|date=2014-02-12|work=The Economic Times|access-date=2018-10-20}}</ref> In 2017, the [[Andhra Pradesh]] cabinet cleared the proposal by ANSR Consulting to create one of the largest financial technology facilities in [[Fintech Valley Vizag|Fintech Valley]], Visakhapatnam.<ref>{{Cite web|url=http://www.thehansindia.com/posts/index/Andhra-Pradesh/2018-05-26/IT-provides-most-number-of-jobs/384202|title=IT provides most number of jobs|website=The Hans India|language=en|access-date=2018-10-20}}</ref> 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.<ref>{{Cite news|url=https://economictimes.indiatimes.com/small-biz/security-tech/technology/n-chandrababu-naidu-plans-to-create-5-lakh-tech-jobs-in-andhra-pradesh-by-2020/articleshow/54730839.cms|title=Andhra CM's new Cyberabad to have 5 lakh tech jobs by 2020|last=Mendonca|first=Jochelle|date=2016-10-07|work=The Economic Times|access-date=2018-10-20|last2=Kulshrestha|first2=Ashish}}</ref>

ANSR Consulting will build a Special Purpose Vehicle (SPV) named ''ANSR-AP'' to educate people about captive centers.<ref>{{Cite web|url=https://www.aninews.in/news/national/general-news/andhra-pardesh-govt-paves-way-for-5000-highend-it-jobs201710121927110002/|title=Andhra Pardesh govt paves way for 5000 highend IT jobs|website=www.aninews.in|language=en|access-date=2018-10-20}}</ref> The project involves an investment of Rs. 1,000 crore and will create around 10,000 jobs,<ref name=":1">{{Cite news|url=https://economictimes.indiatimes.com/industry/indl-goods/svs/construction/lalith-ahujas-ansr-to-set-up-rs-1000-crore-fintech-facility-at-vizag/articleshow/61026348.cms|title=Lalith Ahuja's ANSR to set up Rs 1,000 crore fintech facility at Vizag|date=2017-10-10|work=The Economic Times|access-date=2018-10-20}}</ref> according to the company's six-year growth plan.<ref>{{Cite news|url=https://www.forbes.com/sites/csr/2012/04/19/being-global-ii-global-leaders-have-a-global-mind/#537fc52a5811|title=Being Global II: Global Leaders Have a Global Mind|last=Unruh|first=Gregory|work=Forbes|access-date=2018-10-20|language=en}}</ref><ref>{{Cite news|url=https://www.yovizag.com/visakhapatnam-it-sez-ansr-consulting-millenium-tower-soon/|title=IT SEZ by ANSR Consulting worth 1000 crores and Millenium Tower @Visakhapatnam|date=2017-10-11|work=Visakhapatnam News, Vizag Breaking News, Andhra Pradesh, India News, Entertainment, Movies, Magazine & More...|access-date=2018-10-20|language=en-US}}</ref>

== Kyron ==
Kyron Global is the innovation arm of ANSR Consulting. It is a global startup accelerator and has incubated multiple startups.<ref>{{Cite news|url=https://economictimes.indiatimes.com/tech/ites/Infosys-plans-to-invest-in-Silicon-Valley-fund-to-track-innovative-startups/articleshow/50168401.cms|title=Infosys plans to invest in Silicon Valley fund to track innovative startups|last=Phadnis|first=Shilpa|date=2015-12-14|work=The Economic Times|access-date=2018-10-20}}</ref> 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.<ref>{{Cite news|url=https://timesofindia.indiatimes.com/business/india-business/Lalit-Ahuja-firm-gets-funds-from-Accel/articleshow/47606674.cms|title=Lalit Ahuja firm gets funds from Accel - Times of India|work=The Times of India|access-date=2018-10-20}}</ref><ref name=":0" />

While connecting startups with multinationals, Kyron gives access to a global network of investors and takes equity from the incubated startups.<ref>{{Cite news|url=https://economictimes.indiatimes.com/small-biz/startups/kyrons-lalit-ahuja-raises-funds-to-revamp-business-model/articleshow/47608917.cms|title=Kyron's Lalit Ahuja raises funds to revamp business model|last=Krishnamurthy|first=Krithika|date=2015-06-11|work=The Economic Times|access-date=2018-10-20}}</ref> 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.<ref>{{Cite web|url=https://www.moneycontrol.com/news/business/startup/startup-accelerator-facilitator-kyron-global-plans-to-launch-a-50-million-venture-fund-2324913.html|title=Startup accelerator facilitator Kyron Global plans to launch a $50 million venture fund|website=Moneycontrol|language=en-US|access-date=2018-10-20}}</ref><ref name=":1" /><ref>{{Cite web|url=https://timesofindia.indiatimes.com/business/india-business/silicon-valley-bank-to-hire-200/articleshow/67464346.cms|title=Silicon Valley Bank to hire 200 - Times of India|website=The Times of India|access-date=2019-01-15}}</ref>

As of 2017, Kyron Global has been shut down

== Techstars ==
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.<ref>{{Cite news|url=https://economictimes.indiatimes.com/small-biz/startups/us-based-startup-accelerator-techstars-enters-into-a-jv-with-ansr-for-india-opearations/articleshow/60112362.cms|title=US-based startup accelerator Techstars enters into a JV with ANSR for India operations|last=Vignesh|first=J.|date=2017-08-18|work=The Economic Times|access-date=2018-10-20}}</ref><ref>[https://www.livemint.com/Companies/41xBce7ADY1UrrfPxOeVuN/Startup-incubator-Techstars-to-launch-in-India.html Start-up incubator Techstars to launch in India]</ref> The purpose of the joint venture is to convert promising business ideas into sustainable business models.<ref>[https://www.livemint.com/Companies/KBYoV45GP3qj4TRsJ4ZEXM/Techstars-to-launch-startup-accelerator.html Techstars to launch start-up accelerator]</ref><ref>{{Cite web|url=https://www.techinasia.com/what-india-will-do-for-techstars-accelerator|title=Tech in Asia - Connecting Asia's startup ecosystem|website=www.techinasia.com|language=en-US|access-date=2018-10-20}}</ref>

== x10 By ANSR ==

In 2019, ANSR launched a subsidiary named x10 by ANSR as a management consultancy based in [[Bengaluru]]. It was launched as a company that helps businesses to set up a distributed software engineering teams in India for their tech needs. They provide services for hiring the talent, managing workspaces, and all overheads needed to run a [[Center of excellence|Center of Excellence (CoE)]] and claim to do it all in under 100 days.<ref>https://www.linkedin.com/company/x-10-by-ansr/about/</ref>

== Talent500 By ANSR ==

Launched in 2019 as a subsidiary of ANSR, Talent500 By ANSR is a job search platform for [[Software engineer|Software Engineers]] in India. They generate a profile for you with the information you provide them, including your work experience and a set of verified skills. Their AI-based algorithms then match your profile to jobs relevant to your skills and needs and recommends your profile to companies.<ref>https://www.linkedin.com/company/talent500/about/</ref>

== Official Website ==
[https://ansr.com ANSR]

[https://x10.ansr.com x10 By ANSR]

[https://talent500.co Talent500 By ANSR]

== References ==
<references />

[[Category:Consulting firms]]
[[Category:Companies based in Dallas]]
[[Category:Business process outsourcing companies of India]]