Inductis' unique approach leads to top three in annual DMA Analytic Challenge at DMA 20066 New York, November 9, 2006:
Inductis, a global management consulting and analytics services firm, placed third in the DMA Analytic Challenge , a business competition sponsored by The DMA Analytic Council and CAC Group, Inc .
The DMA Analytic Challenge, held recently at the annual DMA 2006 convention in San Francisco, pitted 23 corporate teams against one another in a challenge to develop a marketing analytics model to identifying responders to a customer promotion for retail storefront businesses.
Teams were asked to build models to target prospects for a direct mail “traffic driver” promotion for the retail clothing industry based on product data from previous campaigns, such as purchase information, household demographics and profit margins. Judges selected the winning models based on predicted performance and profit of the models.
The final results were extremely close, with the top 3 teams finishing with a photo-finish difference of one one-hundredth percent difference in the overall performance measure.
“I am proud that we placed so well in this challenge, beating many firms who specialize in marketing analytics for the retail industry,” said Dr. Martin Ahrens, Vice President for Methodology and Quality Assurance at Inductis. “Our excellent performance in these sorts of competitions reinforces our unique approach that blends analytic process, teamwork and modeling skills.”
Compared to other leading participants, the Inductis team used more extensive visualization techniques and was the only team that employed next generation modeling techniques, such as genetic algorithms and ADA boost, to develop its best predictive models .
“Retail stores can generate a wealth of data and information on customer transactions,” said Vineet Agrwal, a member of the Inductis team. “However, it often stays untapped or is stored in ways that cannot be analyzed. Using our modeling methodology in the competition, we demonstrated that we can help retailers analyze information completely and intelligently in ways that can increase their profits and benefit their businesses.”
ExlService Holdings Inc. prices
initial public offering of common stock New York, October 19, 2006:
ExlService Holdings Inc. (“EXL”) announced today the pricing of its initial public offering of 5,000,000 shares of its common stock at $13.50 per share. All of the shares were offered by the Company. The shares will trade on the Nasdaq Global Select Market under the trading symbol "EXLS". To the extent that the underwriters sell more than 5,000,000 shares of common stock, the underwriters have the option to purchase up to an additional 750,000 shares of common stock from the Company at the initial public offering price less the underwriting discount. The offering is expected to close on or about October 25, 2006.
EXL intends to use the net proceeds from the offering to repurchase or redeem all of its issued and outstanding Series A Preferred Stock, repay all of its outstanding senior promissory notes payable to certain of its stockholders and for working capital and general corporate purposes.
Citigroup Corporate and Investment Banking and Goldman, Sachs & Co acted as joint book-running managers of the offering and Merrill Lynch, Pierce, Fenner & Smith Incorporated and Thomas Weisel Partners LLC acted as co-managers.
The registration statement relating to the initial public offering of shares of common stock has been declared effective by the Securities and Exchange Commission. This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities described above, nor shall there be any sale of such shares of common stock in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering of these securities will be made only by means of a prospectus, copies of which may be obtained from Citigroup Corporate and Investment Banking (Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220; phone (718) 765-6732) or Goldman, Sachs & Co. (85 Broad Street, New York, NY 10004, Attn: Prospectus Dept. (fax: 212.902.9316) or by e-mail to: prospectus-ny@ny.email.gs.com).
About ExlService Holdings Inc.
ExlService Holdings Inc. is a recognized provider of end to end offshore services, including Business Process Outsourcing (BPO), research and analytics, and risk advisory services. It primarily serves the needs of Global 1000 companies in the banking, financial services and insurance sector. EXL is headquartered at 350 Park Avenue, New York, NY.
This press release contains forward-looking statements. You should not place undue reliance on those statements because they are subject to numerous uncertainties and factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. Forward-looking statements include information concerning our possible or assumed future results of operations, including descriptions of our business strategy. These statements often include words such as “may,” “will,” “should,” “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate” or similar expressions. These statements are based on assumptions that we have made in light of our experience in the industry as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances. You should understand that these statements are not guarantees of performance or results. They involve known and unknown risks, uncertainties and assumptions. Although we believe that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect our actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements. These factors are discussed in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections and elsewhere in the company’s Registration Statement on Form S-1. These risks could cause actual results to differ materially from those implied by forward-looking statements in this release.
You should keep in mind that any forward-looking statement made by us herein, or elsewhere, speaks only as of the date on which we make it. New risks and uncertainties come up from time to time, and it is impossible for us to predict these events or how they may affect us. We have no obligation to update any forward-looking statements after the date hereof, except as required by federal securities laws.
Inductis’ Analytic Maturity Benchmark Survey
By completing Inductis’ Analytic Maturity Benchmark Survey, you can obtain your free Analytic Maturity Report, including:
The Analytic Maturity Score that rates your company on Inductis’ 5 level Analytic Maturity Spectrum.
All component scores grouped into the categories of Information Management, Decisions and Operationalization.
Aggregate performance benchmarks for an anonymous group of peers
Suggestions for effective steps your company can take to improve its scores
In recent years, the evolution of technology and simultaneous growth in data availability have enabled a revolution in information management and customer-focused decision-making. Decisions have become increasingly data-driven and the time frame for these decisions continues to accelerate. The Inductis Analytic Maturity Score measures a company’s effective deployment of processes that capitalize on these capabilities. It is clear that companies that excel at Analytic Maturity are the most likely to succeed. Follow the link for an opportunity to learn where your company ranks on the Analytic Maturity spectrum.
Inductis, a global management consulting and analytics services firm serving Fortune 500 clients in the US has released a White Paper on ‘Emerging Trends in Auto Insurance Pricing’.The paper written by Mr. Arnab Dey, a Principal, Ritesh Aggarwal, a Lead Project Manager at Inductis, and Frank Cacchione, Associate Partner, Inductis and CEO, TNC Management Group, addresses the fact that to remain competitive, insurers must constantly improve the assessments of their true levels of risk and price policyholders accordingly. “Traditionally, the U.S. auto insurance industry relied on loss ratio models, used limited external data, had a compartmentalized model structure and used variables that were difficult to obtain accurately. Today, led by a few insurers, the industry is headed towards pure premium modeling at individual coverage level using extensive external data and variables that can be verified”, says Mr. Dey.The industry is headed towards pure premium modeling at individual coverage level using extensive external data and variables that can be verified. These companies are also improving their data collection process so that they have access to richer information to make better pricing decisions. “The industry also needs to focus on more accurately allocating non-loss related expenses such as acquisition expenses into the pricing structure as opposed to traditional fixed load methods”, says Mr. Aggarwal.The paper discusses the five key levers that companies need to master to effectively leverage the power of data and analysis in order to drive profitable growth through improved pricing: Data Preparation, Modeling Approach, Model Structure, Use of External Data, and Allocation of Other Expenses.“While the industry continues to face challenges such as regulatory restrictions on use of certain variables, difference across states and data integration across the organization, companies that embrace these new techniques while managing the market challenges will emerge winners in the next few years at the expense of those who continue to rely on outdated methods that can lead to further erosion of market share and adverse risk selection”, adds Mr. Cacchione.
The paper emphasizes on the fact that as the industry evolves and better uses the tools at its disposal, companies that quickly adopt these advanced analytical methods will emerge winners over the coming years.
Inductis builds an award winning solution at a Leading Data Mining Competition New York, July 10, 2006:
nductis, a Management Consulting and Analytical Services firm has been ranked first in one of the two sub tasks, jointly with two other teams, in the Discovery Challenge, a data mining competition organized along with the 17th European Conference on Machine Learning (ECML) and the 10th European Conference on Principles and Practice of Knowledge Discovery in Databases (PKDD).
This year's competition was about building a personalized spam email filtering algorithm. As web mail users across the world fight spam through reading messages and then discarding spam from their mailboxes whereas others spend additional time to label their received spam messages for training local spam filters running on their desktop machines . It becomes extremely important to combat the wastage of time, resource and server space, both for the users as well as email service providers.
The Inductis Team comprising of Kushagra Gupta, Vikrant Chaudhary, Nikhil Marwah and Chirag Taneja built a solution that captured 95% of the spam email accurately and was ranked first in one of the two sub tasks, jointly with two other teams.
"We built content based feature probabilistic models instead of multivariate techniques. This helped us in factoring in distributional changes in multiple user mail inboxes," said Kushagra Gupta, Modeler for Inductis and a participant in the competition.
The data mining challenge problem was to identify spam mails in different user inboxes on the basis of previously tagged emails from a public database. For this purpose, Inductis had to construct a spam filter for each single user that correctly classifies any incoming email as " Spam or Non-Spam" .
"This is our second major achievement in a span of two months, after an award in the competition at PAKDD, Singapore. This is great validation of our ability to deliver world class analytical solutions across multiple domains", says Mr. Lalit Wangikar, Vice President, India.
Inductis announces its acquisition by EXL Service New York, July 07, 2006 :
New York, July 7th , 2006 - ExlService Holdings, Inc., a leading offshore business process outsourcing company, announced today the acquisition of Inductis, a leading strategy and analytics company serving the financial services and insurance industries, as it continues to invest in world-class offshore analytical outsourcing and strategic solution delivery capabilities.
As a result of the acquisition, Inductis will become a wholly-owned and independently branded subsidiary of EXL, focusing on Consulting and Research and Analytics. EXL's existing Research and Analytics business will be combined with Inductis to create a new leader in this exciting growth area and provide a full spectrum of knowledge services to EXL's clients. In 2005, Inductis achieved revenues of approximately $20 million. Inductis is one of the largest and most successful analytics players with a global delivery model in the marketplace today with 250 employees based in offices in Gurgaon, New York, New Jersey, and Singapore.
"The Inductis and EXL combination will create a company equally strong in creating solutions and delivering them. This will allow the combined company to effectively compete with much larger companies in delivering value to our respective clients. For Inductis, we will now have the platform to grow faster and further invest in training and development of our people, client relationships, and intellectual property. There is a winning chemistry between our management teams that is going to provide ongoing benefits to our combined client base for many years to come," says Sandeep Tyagi, Managing Principal and Founder of Inductis.
In discussing the diverse capabilities of the new combined knowledge services organization, EXL's VP Strategic Businesses, Pavan Bagai states, "The combination of Inductis' strong capabilities in quantitative analytics and knowledge of business intelligence platforms, with EXL's existing base of services and clients in asset management, investment banking, and private equity, makes for a formidable and compelling business proposition. We believe that by integrating all of our research and analytics capabilities under the Inductis subsidiary, we will create the best atmosphere for growth and development of our employees and provide world-class intellectual capital deployment for our combined client base."
In discussing the strategic rationale behind the transaction, EXL's CEO and Vice-Chairman, Vikram Talwar states, "The days of BPOs focusing only on cost reduction are over. With this acquisition, EXL plans to further our investment in assisting clients with positively impacting the top-line and helping grow revenues by leveraging offshore research and analytics. The impressive team Inductis has assembled, both onshore and offshore, combined with their modeling capabilities and domain expertise, will be a huge competitive advantage for our clients in the marketplace."
"In evaluating the universe of high-end research and analytic companies, we found Inductis to have the critical mass of talent, as well as the management team and delivery capabilities for complex strategic solutions to effectively serve our clients' needs as they think about BPO more strategically. We plan on building together the industry leader in strategic solutions and research & analytics that will change the industry's perception of the complexity of work that can be delivered offshore," says EXL's President, Rohit Kapoor.
Inductis focuses on analytical consulting, management consulting, and analytical services. Key analytical consulting focus areas include marketing analytics such as customer acquisition and retention, credit risk analytics, customer data integration and fraud detection. Management consulting offerings include marketing strategy, product and service strategy, re-engineering, global resource optimization and outsourcing. Analytic services offerings include analytics staff augmentation, lead generation and marketing campaign management, collections analytics services, primary and secondary research, data management and analysis. Inductis offerings emphasize unique domain expertise in financial services and insurance, complemented by advanced quantitative modeling techniques and knowledge of relevant technology platforms such as SAS and business intelligence toolsets. Inductis counts three of the top 5 credit card issuers, two major retail brokerage and asset management companies, a top 25 FTSE bank, a large commercial insurer, and a top 5 health insurer among its many clients.
Inductis has won several awards in the analytics space. Most recently Inductis was ranked joint#1 in the data mining challenge organized with the ECML / KDD conference in Berlin in June 2006. Earlier, Inductis was a runner-up in the PAKDD data mining competition held in Singapore. Also, last year, Inductis was a finalist in a DMReview competition in data integration.
About EXL:
EXL is a leading provider of offshore Business Process Outsourcing solutions to the Global 1000. EXL is an organization that strives to build lasting relationships with its clients based on consistent high-quality service delivery, trust, and confidence that is unparalleled in the BPO industry today. With more than 7,000 professionals spread across five operations centers, EXL specializes in providing BPO services to the Banking, Financial Services, Insurance, and Utilities industry verticals. EXL is headquartered at 350 Park Avenue, New York, NY.
Inductis and SAS sign Partnership Agreement New York, July 03, 2006 :
Inductis, a global management consulting and analytics services firm serving Fortune 500 clients and SAS, the leader in business intelligence software, today announced a joint silver partnership agreement.
Companies world over strive to optimize marketing, underwriting and operational effectiveness to provide high-quality offerings to their customers. However, limited resources are available for organizations to drive this effectiveness. Together Inductis and SAS will help companies leverage the information age to make better decisions, through deep custom and packaged analytics along with best in class business intelligence capabilities. As a result, customers will recognize significant bottom line impact (both revenue generation and cost savings).
“SAS is the premier provider of Analytical Software Tools, while Inductis is the premier provider of Analytical Consulting and Services. A joint SAS Inductis offering is a unique, comprehensive solution focused on strategy and delivery of the SAS analytic frameworks. We feel the primary beneficiaries will be in the financial services sector, but we are also poised to leverage the telecom, insurance and CPG sectors”, says Sandeep Tyagi, Managing Principal, Inductis.
While SAS offers an integrated business intelligence and analytic platforms and products, Inductis brings in its domain expertise and consultative approach to assist clients resolve complex high-impact problems swiftly. In addition, the Inductis knowledge and experience with the SAS products are unmatched in the industry.
Together SAS and Inductis have uniquely combined state-of-the-art BI tools and world class analytic expertise to drive billions of dollars in client value to corporate marketing, risk, and technology organizations. Essentially, Inductis is providing a proven delivery model to the entire SAS customer base. This silver alliance partnership formalizes a long standing successful relationship between the two companies.
“The joint SAS and Inductis offering is occurring at a perfect time for our clients. There is a great need for such an offering in the industry today. We are delivering a unique blend of deep analytical capabilities driven through SAS products and frameworks. As a result our clients effectively compete on analytics and stand to gain a tremendous competitive advantage,” according to Bill Gold, Engagement Manager, Inductis.
About SAS
SAS is the leader in business intelligence software and services. Customers at 40,000 sites use SAS software to manage and gain insights from vast amounts of data, resulting in faster, more accurate business decisions; more profitable relationships with customers and suppliers; compliance with governmental regulations; research breakthroughs; and better products. Only SAS offers leading data integration, intelligence storage, advanced analytics and traditional business intelligence applications within a comprehensive enterprise intelligence platform. Since 1976, SAS has been giving customers around the world The Power to Know® .
Inductis wins Data Mining Competition at the 10th PAKDD 2006 New Jersey, April 12, 2006 :
Inductis, a Management Consulting and Analytical Services firm headquartered in New Jersey (USA), with its other two offices in New York (USA) and Gurgaon (India) has bagged the first runner's up position at the recently held data mining competition at 10th Pacific-Asia Conference on Knowledge Discovery and Data Mining (PAKDD 2006)
The Inductis team developed a model by combining advanced modeling techniques like SAS, CART and MARS, with a correct classification rate of 89%.
The business problem was to identify customers who are likely to switch to 3G network using existing customer usage and demographic data for an Asian telco operator which has successfully launched a third generation (3G) mobile telecommunications network.
The 10th Pacific-Asia Conference on Knowledge Discovery and Data Mining (PAKDD 2006) is a leading international conference in the areas of data mining and knowledge discovery. A part of the conference was a data mining competition, co-organized by the Singapore Institute of Statistics (SIS) and the Pattern Recognition & Machine Intelligence Association (PREMIA) of Singapore and sponsored by SAS Singapore.
"This victory reflects the strength and robustness of our methodology. We worked on a challenging problem in a new industry in a new geography and developed a winning solution. The award corroborates the fact that we have some of the best Intellectual property around modeling to apply to a wide variety of business problems", says Mr. Lalit Wangikar, Vice President - India Operations .
"The problem was very interesting. We had to treat it as a look-alike of customer level conversion model as the data was static. Moreover, the fact that the score cut-offs and validation measures were based solely on our judgment, made it even more challenging. It was a great mix of data mining, analytics, statistical modeling for all of us as a team ", says Sutirtha Ghosh, Modeler, Inductis and a participant in the competition.
The Inductis team headed by Dr. Martin Ahrens, Vice President - Methodology & Quality Assurance and Mr. Lalit Wangikar, Vice President - India Operations bagged the first runners up position amongst stiff competition from International universities and other data analytics corporates. The National Laboratory for Novel Software Technology, Nanjing University won the Grand Champion title in the open category.
Released through PR Newswire.
Inductis adds Brian Paris as Vice President, Sales, Marketing and Business Development to its Leadership team New York, NY, April 4, 2006 :
Inductis, a global management consulting and analytics services firm serving Fortune 500 clients in the US announced the appointment of Brian Paris as Vice President, Head of Sales, Marketing and Business Development. Based out of New York office, Brian will play a vital role in strategizing and achieving the growth targets for Inductis.
“We are thrilled to have him on board. Brian is responsible for a gamut of activities at Inductis. In this capacity, he is in charge for guiding field sales operations, delivering strategic marketing initiatives, enhancing the strategic partnership programs and maintaining the high level of customer satisfaction” stated Sandeep Tyagi, Founder and Managing Principal, Inductis.
Brian started his career as a UNIX developer with AT&T, and then stepped into sales with Informix. He has a BS degree in Computer Science and Mathematics from Stockton State College in NJ. Prior to joining Inductis, Brian worked with SAS Institute where he led a sales team, over achieved all sales expectations and guided the strategic vision for analytic enablement in the corporate risk environments, customer intelligence domains and client marketing and campaign departments.
As a highly experienced and senior professional, Brian brings more than 17 years of sales and marketing experience to Inductis. He was instrumental in the early stage growth of several software companies. He led the sales organizations for each of the IPO bound companies of Business Objects, Brio Technology and Avantgo. His knowledge and experience has helped some of the largest US corporations generate tremendous value from their data intensive applications and solutions.
According to Kal Bittianda, Principal, “Brian’s solid domain expertise in the financial, pharmaceutical, and telecom industries, coupled with his extensive experience in data management, analytics and business intelligence will facilitate Inductis to expand its horizons in the right direction”.
Brian is an active advisor to the software portfolio of NJTC (an affiliate of the NJ technology council) Venture Fund which assists in early stage venture capital technology investments. Brian is also a member of the Sandy Hook Shoreline Protection Committee, the Little Silver Fire Department, Data Management Association of NJ, Secretary of Monmouth/Ocean Soccer Association.
“It’s a great honor to be a part of the global Inductis group, an organization which strongly believes in achieving client satisfaction and value. I am excited to take this opportunity and assertively will be able to achieve new heights for Inductis with my passion for client satisfaction and sales excellence”, said Brian Paris.
Inductis announces plans to increase employee base in India by 150% by the year end New Delhi, India, April 3, 2006 :
Inductis, a Management Consulting and Analytical Services organization headquartered in New Jersey (USA), with its other two offices in New York (USA) and Gurgaon (India) has announced plans to increase its employee base in India by 150% by the end of 2006.
Started with a group of ten people in June 2000, Inductis today has a powerful workforce of more than 180 professionals across the three offices, with over 100 employees in its Gurgaon office alone.
“Recruitment at Inductis forms a core activity of the organization which is a well defined process. At present, Campus as well as off Campus hiring has been intensified through various channels. The subsequent effort by the HR department is directed toward assimilating the selected candidates quickly and making them feel comfortable”, says Mr. Amanjeet Saluja, Lead Project Manager, Analytics Services, India.
Inductis currently hires from the campuses of IIMs, IITs, ISB, DCE, PEC, NSIT, Delhi School of Economics and ISI in India, where as the off campus channels include external recruiters, referral programs and alumni sourcing.
According to Mr. Lalit Wangikar, Vice President, India, “We definitely want to be the ‘Employer of Choice’ aligning personal and professional goals of the employees we hire. Hence, in spite of the tremendous hiring pressures, we remain focused on making every new hire feel a part of the organization from day one gauging what the employee is looking for vis-à-vis what best the company can offer to him/her”.
Inductis’ HR Processes are refocused and re-engineered periodically. Employee surveys, elaborate review process, and pro-active employee engagements are some of the few processes that form the very core of the HR function at Inductis. Transparency and total information sharing underline all interactions within the organization.
According to Nitin Goyal, a recent new hire from IIM Lucknow, “At Inductis, openness, collaborative decision making and coaching are not mere buzzwords but building blocks of the environment, something that is evident from the hiring process itself. It gets carried over from there and translates into an easy camaraderie between the leaders and everybody else in the organization.”
Inductis releases a white paper on Auto Insurance New York ,NY, February 7, 2006 :
The paper written by Mr. Arnab Dey, Associate Principal, Inductis and Mr. Frank Cacchione , an Associate Partner at Inductis and CEO, TNC Management Group, emphasizes on how the U.S. Auto insurance market is experiencing a major restructuring.
"The focus of this white paper is on the fact that the consumers are relying less on their agents and looking at direct insurers and this shift is a result of the gradual but powerful market forces that have emerged over the last decade", says Mr. Dey.
The paper talks about massive advertising and branding designed to drive consumers directly to an insurer's call center or web site, the emergence of more sophisticated pricing models to accurately estimate the price point at which any risk profile becomes profitable and should be insured, and increased consumer acceptance of the direct response model, as factors responsible for this shift.
According to Mr. Cacchione , "Over the next decade, these market forces are expected to accelerate the erosion of share of agent-produced business, both independent and captive. Sustainable growth will go to those carriers that can invest in building the right capabilities to grow the direct channel while managing channel conflict".
The white paper extensively explores the shift of the auto insurance sector, the market forces driving it and channel conflict.
Inductis Finalist in DM Review World Class Solution Awards New Providence, NJ, Nov 22, 2005:
Inductis, a global management consulting and analytics services firm serving Fortune 500 clients in the US, was selected as a finalist in the DM Review 2005 World Class Solution Awards under 'Data Acquisition and Integration' category. There were over 100 submissions received from a wide variety of companies including technology, telecom, financial services and consulting. Entries were judged on the basis of business value, qualitative benefits, quantitative benefits, sustainability and value as best practice of the solutions submitted.
"We are delighted to have made it to the list of finalists at the DM Review Awards in our first ever participation in the Awards. Our aim next year will be to win the Award," commented Sandeep Tyagi , Founder and Managing Principal, Inductis.
Inductis' submission involved designing an approximate 'business entity matching' algorithm and implementing it for a large credit bureau. 'Business Entity Matching' refers to taking a business name, address and phone as input, comparing it to a reference database of business names, addresses and phones and returning the closest possible match. For the client, this initiative resulted in an increase of 6-8% in the match rate and an estimated direct revenue impact of approx. $50mm. In addition, this initiative resulted in the client gaining a competitive advantage in matching technology.
"Our client processes more than one billion records annually for its customers. Given the fact that both input information and the reference database may have incomplete or inaccurate data like truncations, abbreviations, acronyms and transpositions, 'matching' becomes an enormously complicated task in most cases. Our analytics team performed a rigorous analysis of both the input and the reference data to design this world-class matching algorithm" says Sudip Chakraborty , Principal at Inductis.
The category 'Data Acquisition and Integration' in which Inductis was selected recognizes solutions that demonstrate value through acquiring and integrating data from disparate sources.
DM Review's World Class Solution Awards Established in 1996, DM Review's World Class Solution Awards mark the elite within the business intelligence, analytics and data warehousing industry. This prestigious award represents the industry's best practices - showcasing those vendors and companies that have implemented solutions that address a persistent business problem and, in turn, provide significant business value.
Inductis ready for bigger challenges: moves India Delivery Center to a larger facility New Delhi, October 25, 2005:
Inductis, a US based professional services firm offering Management Consulting and Analytics Services to a host of Fortune 500 clients, has moved its India Delivery Center to a larger facility within Gurgaon in keeping with its growth plans.
"I see a lot of potential in the markets we operate in, particularly in the Analytics Services space. Our Global Delivery Model offers us a substantial competitive advantage and the India Delivery center is an integral part of this model. The new, larger facility will enable us to pursue our aggressive growth plans more confidently," said Sandeep Tyagi, Founder and Managing Principal of Inductis.
Inductis' India based subsidiary- Inductis India (Pvt) Ltd., has grown from a 25 people team in January 2004 to nearly 90 today. Inductis hires people from top-tier institutes in India trains them for Analytics Services and Management Consulting positions to work on global client projects. Inductis anticipates a 100% growth in its workforce within next one year, mainly attributed to its Analytics Services team expansion. Its new 20,000 sq ft facility with a capacity of 225 workstations is expected to be fully occupied by June 2007.
"We are committed to deliver world-class analytics solutions to our F ortune 500 clients. We recruit at India 's best campuses to build a team of top-notch analytics professionals. It was time we added capacity to meet the growing needs of our clients," said Lalit Wangikar, VP- India Consulting Staff, inaugurating the new facility.
The new facility offers a combination of team-rooms along with open work-area to offer flexibility to the operating teams of various sizes. It is equipped with state-of-the art security features such as bio-metric access control system enabling higher security for Inductis' server resources and confidential client information.
Inductis is the winner of the best performance award in "predictive accuracy" in KDD (Knowledge and Data Discovery) Cup 2004 and was a finalist in the DM Review 2005 World Class Solution Awards in 'Data Acquisition and Integration' category.
Inductis partners with Frank Cacchione to strengthen offerings in the Insurance Industry New Providence, NJ, Sep 22, 2005
Inductis, a global professional services firm offering Management Consulting and Analytics Services to large companies, has entered into a strategic partnership with Frank Cacchione - the CEO of TNC Management Group.
Inductis plans to penetrate deeper into the insurance industry - one of its key existing market segments, with its enhanced offerings empowered by this partnership. "The partnership will help Inductis build its intellectual capital, credibility and relationships, particularly in the insurance space." Says Sandeep Tyagi, Managing Principal, Inductis.
Frank, with over 30 years of industry experience, specializes in application of advanced business analytics, systems development and superior project management support for the Insurance Industry. Inductis, at the same time, has a proven track record of bringing substantial value to its clients by leveraging rigorous data analysis to make business decisions around risk assessment, high value customer attrition management and customer life cycle management.
Frank's insurance-specific experience includes presiding the Mass Marketing Division and serving the Boards of AI Life and AIG Marketing; and at Colonial Penn Group. In his consulting engagements, Frank claims a successful advanced predictive modeling methodology to reduce claims costs for a major US insurer; a high-return direct response marketing, sales, underwriting and pricing strategy for a major personal lines insurer; a due diligence review of the agency for a life insurer; and a winning web-based multi-line consumer insurance strategy for a large venture capital group, amongst others. He has also been a Partner at Tillinghast/TPF&C and later, the Vice-President of AMRE Consultants, a subsidiary of American Reinsurance.
While Frank brings to the partnership his extensive consulting and senior management experience, Inductis has to its credit a white paper- 'Insuring Against Decision Risk' that talks of harnessing Analytics to drive decision-making in the insurance industry. For a top-three health insurer, Inductis brought about a significantly reduced 'high-value attrition' and identified an annual $25 MM of profit improvement by segmenting insured customer base to manage risk of high value attrition. The Inductis team of seasoned management consultants combined with its state-of-the-science analytical capabilities and infrastructure offers its clients a unique set of high-return consulting and services.
"The consulting and analytics services opportunities in the insurance space are immense. I was impressed by the kind of work that Inductis was doing, and could foresee an instant synergy between the skill-sets of both the parties," comments Frank Cacchione.
TNC Management Group's business strategy, project management, systems and operational expertise allow clients to rapidly assess and implement change focused on enhancing customer value and measurable bottom line improvement.
"Frank's deep experience will open up new exciting opportunities for us in the domain while strengthening our offerings. We are very excited to work with him, " says Arnab Dey, Associate Principal, Inductis, and co-author of the white paper - 'Insuring Against Decision Risk' .
Inductis Taps David Sokal for Leadership Role New Providence, NJ, July, 2005
Inductis announced the appointment of David Sokal as Principal. His joining, based out of New York, coincides with the global consulting and analytics firm’s fifth anniversary and will strengthen senior consulting leadership at Inductis.
“David Sokal is a terrific addition to our team and will help us reach out to new markets while also building on our financial services strengths,” stated Sandeep Tyagi, Founder and Managing Principal. David brings over twenty years of experience helping leading financial institutions develop and execute winning strategies.
“I’m very excited,” David remarked, “Inductis’ world class analytics strengths coupled with its least cost provider advantage will give us a real edge in the marketplace. High quality, low cost, nimble organization— that’s a recipe for growth.”
“David brings to Inductis wide experience in financial services. He will be a great asset in expanding our consulting practice,” observed Puneet Shivam, Principal. David has a specialization in the card payments business which is a major user of analytics services for marketing/customer acquisition, retention, risk management, and collections. He has over fifteen years of experience serving card issuers, merchant acquirers, credit card processors, retail private label participants and global bankcard franchises. He has also served a wide array of other banking, insurance, securities, and other industry clients as a management consultant with leading firms, including Accenture (Andersen Consulting) and Booz | Allen | Hamilton.
David was an executive at MasterCard International for many years, serving as staff to the CEO and as the founder and head of a franchise quality initiative which helped member banks better balance marketing and risk to improve customer retention and which helped turn around MasterCard’s historical share decline.
Over the years, David has operated in numerous country markets in the Americas, Europe, Asia and Australia. David received undergraduate and MBA degrees from the University of Chicago in Linguistics and Finance, respectively.
Inductis Gives Back 2004 New Providence, NJ, Dec 31, 2004
As part of its commitment to give back to the communities in which it operates, Inductis donated more than $50,000 in 2004 to charities. The 2004 philanthropy program supported 30 distinct organizations and events - including MSKCC / Fred's Team, The Avon Walk for Breast Cancer, Angel Flight of New England, Asha for Education, Child Relief and You and IITMAANA, amongst others, reflecting Inductis' commitment towards its social responsibility.
"At Inductis, we believe in Giving Back to the communities in which we operate and live," said Sandeep Tyagi, founder and managing principal of Inductis, "The recent south-Asian Tsunami disaster was unfortunate. We are trying to cumulate individual employee contributions for the affected. Inductis will also make matching contributions in keeping with its philosophy", added Sandeep.
In addition to making gifts that matched employee contributions, this year's donations included corporate sponsorship of The New York Mission Society and The New Jersey All Stars, both of which Inductis has supported at a high level for the last four years. Inductis has also partnered for the United Nations Foundation's initiative to raise funds for the "End Polio in India" drive.
Inductis Selected as a Top New Jersey Business Supporting Diversity New Providence, NJ, Nov 10, 2004
Inductis was recently named by DiversityBusiness.com as one of the top 100 businesses in New Jersey supporting diversity. The award is supported by Inductis' global business model and international client base, unique service offerings and diverse employee population.
DiversityBusiness.com is the nations' leading multicultural B2B online portal and the Div100 represents the 5th annual listing of the State's top 100 businesses in sectors such as technology, manufacturing, food service and professional services.
Sandeep Tyagi, Managing Principal of Inductis, commented on diversity at the firm, "We are committed to excellence in analytics, and employ intelligent individuals from diverse backgrounds who can deliver superior value to our clients. To support our global delivery model, our employee base tends to be multicultural in nature."
Inductis Wins Global Data Analytics Award New Providence, NJ, Aug. 22, 2004
Inductis, a global management consulting and analytics firm, won the best performance award in KDD (Knowledge and Data Discovery) Cup, one of the world’s most prestigious analytics competitions, outperforming 63 other teams both from academia and industry in terms of predictive accuracy.
"We are committed to excellence in analytics, and are delighted to receive global recognition of our ability to use data to make accurate predictions,” said Inductis’ Managing Principal Sandeep Tyagi on the team’s achievement.
“Your group's accuracy of 73.255% was the best of all 64 competitors,’’ said Richard Caruana - KDD-CUP 2004 Co-Chair, congratulating the Inductis team.
In addition to winning the best performance award, Inductis placed second overall in the KDD-Cup 2004, an annual competition associated with the premier international conference on knowledge discovery and data mining.
The results were announced on Sunday, August 22 at the 2004 KDD Conference in Seattle, Washington. Raja Sengupta, Engagement Manager, and Vineet Agrwal, Senior Analyst, were present to accept the certificate on behalf of Inductis along with representatives of the other winning teams.
The Inductis team, comprising of modelers and programmers from both the US and India office, spent about 15 days solving the Quantum Physics Problem- ‘Particle Physics Task’- which was one of the two challenges posed by contest organizers.
"Inductis teams love an analytics challenge. We look forward to another great contest next year," said Lalit Wangikar, Associate Principal.
The KDD Cup 2004
In this year's competition, participants were asked to develop a classification rule that differentiates between two types of particles generated in high energy collider experiments. The classification rules needed to be optimized on several performance measures such as Accuracy, Cross Entropy, Area under ROC curve and a domain specific score (SLQ score).
Inductis Gives Back 2003 New Providence, NJ, Dec 31, 2003
Inductis donated nearly $35,000 in 2003 to charities and philanthropic organizations that its employees and clients care about. The 2003 philanthropy program supported 37 distinct organizations - including the American Cancer Society, Habitat for Humanity, and the National Multiple Sclerosis Society - significantly increasing the breadth of our efforts.
"Giving back to the communities in which we live, work and recruit is a central part of our philosophy," said Sandeep Tyagi, founder and managing principal of Inductis, "creating opportunities to give back through matching programs and taking time to serve on community organizations is an integral part of our proposition to our employees."
In addition to making gifts that matched employee contributions, this year's donations included corporate sponsorship of The New York Mission Society and The New Jersey All Stars, both of which Inductis has supported at a high level for the last three years.
Inductis India expands presence New Delhi, India, January 11, 2003
Inductis, the New Jersey-based management consulting firm, announced that it is expanding its presence in India by moving to a new office in Gurgaon.
"The move to our own location in Gurgaon is a key part of our growth strategy", said Sandeep Tyagi, Managing Principal and founder of Inductis. The firm moved out of a central New Delhi location it outgrew. "Gurgaon turned out to be a good fit for us with state-of the-art infrastructure and key multinationals nearby," Mr. Tyagi said.
The 6100 square foot office is on the fast upcoming Mehrauli-Gurgaon Road and is just 20 minutes from the International Airport in Delhi.
Inductis Forms Business Decision Analytics Group
Offers Unique Balance of Technical Expertise and Business Insight New Providence, NJ, Feb. 7
Inductis, a global firm offering management consulting, and organizational outsourcing services, is creating a Business Decision Analytics practice group. The group will focus on helping clients identify significant bottom-line benefits through the application of data analytics.
Business Decision Analytics is the discipline of accessing and analyzing large (but typically difficult-to-handle) data from diverse sources in order to understand historical performance or behavior, or to predict a particular outcome. It is the practice of converting data into insight that enhances an organization's ability to make effective business decisions. Inductis has performed high-impact work in this area for several Fortune 50 companies and is recognized for its unique combination of in-depth experience, technical expertise and business value.
"To thrive in business today takes not only high-level judgement, but granular insights into the many factors that are essential to success," said Sandeep Tyagi, Managing Principal and Founder of Inductis. Companies have accumulated vast amounts of data that can be leveraged to gain these insights. "Inductis," he continued, "offers a unique, data-based approach, coupled with the strategic understanding of business." Inductis has a staff of 20 in the Business Decision Analytics group, and expects the group to nearly double in size in the first year.
Today's business decisions -- such as whether to extend a credit line, change a pricing structure, or alter a customer target base -- are extremely complex, involving a multitude of factors. Inductis applies in-depth analytics using advanced statistical methods and powerful tools to make full use of the data that is too often underused by marketing and operations departments.
Sample applications include:
Target Marketing - Creating customer segmentation and targeted marketing programs
Risk assessment - Estimating the risk of default or other unfavorable behavior
EPrice Sensitivity Modeling - Deriving price elasticity to help re-price.
The group will have team members in Inductis's U.S. and India offices. The firm has already deployed a high-capacity analytic infrastructure in the U.S. that is accessible globally to Inductis teams.
Inductis Gives Back 2002 New Providence, NJ, Dec 30, 2002
Inductis donated over $30,000 in 2002 to charities its employees and clients care about. This matching gifts program reflects a 200 percent increase over 2001donations - the first year of the program.
"Giving back is a core value of the firm," said Sandeep Tyagi, founder and managing principal of Inductis, "we are pleased to be able to significantly increase our donations - in both dollar amount and to a growing number of worthwhile organizations."
Among the 17 philanthropies receiving charitable gifts this year were: the New Jersey All Stars, an organization that creates outside of schools educational and performing activities for young people, Doctors without Borders, IIT Bombay Heritage Fund, and UNICEF. About half the donations were matching fund gifts, made to charities selected by employees; the other half to charities supported by Inductis clients.
Inductis Opens Office In New York City NEW YORK, NY, December 16, 2002
Inductis, the management consulting firm, with headquarters in New Providence, NJ, today announced the official opening of its new Manhattan branch office at 30 Broad Street in New York City.
"Many of our current clients are the world's leading financial institutions, which have world headquarters or significant operation in downtown Manhattan" said Sandeep Tyagi, founder and managing principal of Inductis. "Our new office reflects our continued growth, our commitment to better serving our clients and our commitment to New York City" Mr. Tyagi said.
The 5,000 square foot office is next door to the New York Stock Exchange and offers spectacular views of the skyline and New York Harbor.
Inductis Opens New Delhi Office New Providence, NJ, Jan 2002
Inductis Inc. opened its new branch office - Inductis (India) Pvt. Ltd. in New Delhi, India. "This is an important milestone for Inductis," said Sandeep Tyagi, president of Inductis. "It's what Inductis is all about, leveraging best-in-class talent worldwide for our clients. The New Delhi office shows how Inductis uses innovative solutions so it can continue to combine rapid growth with conservative internal spending," Mr. Tyagi said.
Inductis New Delhi is helping Inductis to continue its rapid growth and attract the talent needed to deliver high-end analytical and consulting services to Inductis clients. The office also serves as a base that will allow Inductis to closely monitor offshore outsourcing vendors in New Delhi.
"The idea that being a multinational company means being a big company is outdated," said Mr. Tyagi, "both for us and for our clients."
The New Delhi office is staffed with consultants, graphics artists, and office administrators who work side by side with their US colleagues.
Inductis Gives Back 2001 New Providence, NJ, Dec 2001
Following the attacks of September 11th, Inductis launched an employee matching fund to help support charities its employees and clients care about.
"Giving back is important to us," said Sandeep Tyagi, founder and president of Inductis. Inductis in 2001, its first full year, gave 1% of operating income to a range of charities, including the September 11th Fund and Doctors Without Borders USA. The firm has committed to making a similar donation annually.
About half the donations were matching fund gifts, made to charities selected by employees. The other half was made to charities supported by Inductis clients.
