Hiranandani Group Announces Foray into Technology-led Emerging Consumer Services with Tez Platforms
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.
Darshan Hiranandani, CEO-Hiranandani Group, said, “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.”
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 2023. 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”.
