Hiranandani group enters tech-driven consumer business, to invest rs 3,500 cr

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HIRANANDANI GROUP ENTERS TECH-DRIVEN CONSUMER
BUSINESS, TO INVEST RS 3,500 CR
DARSHAN HIRANANDANI
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After successful entry into data services and
cloud computing, Hiranandani Group has forayed
into technology-led consumer services business
with its new venture Tez Platforms and it will
invest 3,500 crore in the next two to three
years. The reality firm will make an initial
investment of ?1,000 crore and the Tez Platforms
will debut this year. Tez Platforms will focus on
opportunities in the arena of social media,
entertainment, gaming and e-sports, e-commerce,
personal mobility, artificial intelligence and
blockchain-linked solutions. We believe that
the potential of digital has barely scratched the
surface. In keeping with the Digital India vision
of Prime Minister Modi and the Government of
India, as echoed in the Union Budget 2022, we are
widening our focus on technology-led, new-age
services," said Darshan Hiranandani,
CEO-Hiranandani Group.
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"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," he said. Darshan
Hiranandani said the company will launch two
highly sought-after services in 2022 and another
three in the next year. We are widening our
focus on technology-led, new-age services." Tez
Platforms plans to hire over 250 employees in
FY23.
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