NEW DELHI: US-based Inductis, a global management consulting firm, is planning to invest in two Indian companies in the space of primary and secondary analytic research. The company is considering an investment of $2-5 million each in the two companies for picking up stake through its private equity fund arm that currently handles a kitty of over $10 million. The private equity fund is sourced from internal accruals.

“We are seriously evaluating a couple of companies in the space of analytic research besides primary and secondary research. We are looking at starting off by investing in two companies for purely financial purposes,” Inductis India operations director Vivek Agrawal told eFE.

Inductis has been in India for the last two years and operates business decision analytic work for the financial services and credit card companies through its Indian centre. The Indian centre currently has 35 people, mainly graduates from IITs (Indian Institute of Technology) and IIMs (Indian Institute of Management).

Vivek Agrawal

We are looking at ramping up our workforce to 120 people

over the next two years,” he
said.

For the last financial year, Inductis clocked a revenue of about $17 million and this year, it is
aiming for a $20 million revenue.

The company has around 10-11 customers from sectors like airlines and financial services.

Inductis also provides consulting on process outsourcing and management.

“We help our clients to outsource from countries like India. We have already helped a couple
of companies to outsource work to Indian companies,” he said.

Inductis was founded by the ex-partners of Mitchelle Madison Group, after its spin-off in 2000. Headquartered in New Jersey (US), it has offices in New York and in Gurgaon, near New Delhi.

Within management consultancy, one of the focus areas for the company is offshore outsourcing (OutGRO).

“The OutGRO business practice at Inductis is generating significant sustainable client savings by helping to shift operations to offshore locations,” Mr Agrawal said.