GeniSIGHTS initiative launched by alumni of IIT- Madras

GeniSIGHTS Pvt Ltd was founded by Rajesh Kumar alumni of IIT Madras. During,the start-up through this collaboration, Rajesh Kumar, Managing Director, geniSIGHTS Pvt Ltd, said, “NRICH Group is an influential organisation in Canada. The Joint venture with NRICH would be the driving force for geniSIGHTS to succeed in Canada. We have formulated a clear business plan and our initial focus would be on mid-tier companies and Government organizations he added.

Speaking about the importance of this collaboration, Chief Executive Officer, NRICH Abu Becker, said, “We are confident that this joint vehicle would create a huge opportunity to create local employment in Canada and has significant revenue generating potential, for the JV FLASH is a very innovative product and am sure it will help achieve the goals of NRICH-geniSIGHTS JV, which is being launched with a goal to capture the Canadian market.”

Through this partnership, geniSIGHTS will have access to Canadian and North American markets to develop AI products for the Governments as well as business entities. The market for conversational AI is huge with North America expected to hold the largest market size globally while Asia Pacific is expected to grow at the highest Compound Annual Growth Rate (CAGR) during 2019–24 he added.