GAVS Technologies has plans to double its revenue to $100 million in the next two-three years through organic growth and acquisitions.
“Acquisitions should help us grow in key geographies and develop technologies,” said Sumit Ganguli, a General Partner at US-based PE and VC firm Basil Partners and CEO of GAVS Technologies.
Currently, nearly 70 percent of the revenue for GAVS comes from the US, about 20 percent from West Asia, and the rest from the other markets, including India, he told newspersons while announcing the company’s collaboration with academia to build solutions around technologies like Artificial Intelligence and Machine Learning. Earlier, GAVS partnered with IIT-Madras’ Robert Bosch Innovation Centre to work on Machine Learning algorithms for Artificial Intelligence.
It has now partnered with Great Lakes Institute of Management (GLIM) and KCG College of Technology to build various technology solutions.
While KCG is active in doing AI-based projects, GLIM trains in management and new technologies that will help GAVS.