Hiranandani Group announces foray into technology-led emerging consumer services with Tez platforms
The new venture will introduce a wide gamut of services including social media, gaming & e-sports, blockchain and other emerging tech services.
After a successful foray into Datacenters, Cloud Computing and Enterprise Technology offerings with Yotta Infrastructure, the Hiranandani Group is now ready to focus on broader technology-led consumer services with its new venture – Tez Platforms. Tez Platforms will focus on large opportunities in the arena of social media, entertainment, gaming and e-sports, e-commerce, personal mobility, artificial intelligence and blockchain linked solutions.
“We believe that the potential of digital has barely scratched the surface. In keeping with the Digital India vision of the Hon’ble Prime Minister and the Government of India, as echoed in the Union Budget 2022, we are widening our focus on technology-led, new-age services. Yotta Infrastructure will continue to be the vehicle for us to invest in areas of cloud computing, interconnectivity, enterprise applications and enterprise cyber security technologies, which are enhanced by our hyperscale and edge datacenter roll-outs. Separately, through Tez Platforms we intend to incubate and work with leading technologies and partners (both domestic and global) in other areas as well, in the next steps of our journey,” said Darshan Hiranandani, CEO-Hiranandani Group.
Darshan adds, “We have a roadmap to launch two highly sought-after services in 2022, followed by another three in the next year. Tez Platforms will leverage synergies and talent from various Hiranandani Group entities but also has aggressive plans to hire over 250 employees in FY 2022. Tez’s initial outlay to launch the services this year will be approximately INR 1000 crore. And over the next 2-3 years, we expect to invest approximately INR 3,500 crore”.
The group will also be working through its non-profits in arenas of skilling and training in the field of cloud solutions, cyber-security, and artificial intelligence.
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Mumbai/Updated on: February 15th 2022