Bengaluru (Karnataka) [India], Nov 29 (ANI-BusinessWire India): Sankhya InfoTech Limited, the largest simulation and cloud based training management solutions provider with specific focus on aerospace and defense sector on Wednesday unveiled its strategic direction and roadmap to accelerate growth and capitalise on global market opportunities.
As part of the aggressive growth initiative, Sankhya will look to rapidly expand operations in markets in Americas, and South-East Asia besides further strengthening its presence in Europe and MENA region. Listed on BSE, Sankhya's annual turnover was Rs.161.60 crores in the last fiscal. Over 1.5 million users across 50 global locations spread in four continents are empowered by Sankhya's innovative technology and solutions.
Hyderabad-based Sankhya, founded in 1997, has emerged to become a leader in the training and simulation field. Given the advances in technology, the training and simulation industry is experiencing massive transformational change and Sankhya has been on the forefront of this change. The company was the world's first in launching internet based training to aviation pilots and is now the first and only company to offer evidence based training with immersive experiential training tools.
The company's flagship training and simulation systems comprehensively address the needs for building competency especially in sectors which are subject to strict regulatory compliance and safety norms. For nearly two decades, Sankhya has had a strong presence in Aerospace and Defense working with leaders Airbus, Boeing, Embraer, Etihad and Safran Aircraft Engines (previously Snecma).
Sankhya is launching an analytics and artificial intelligence based solution that predicts specific training needs, customsed for an individual, over an immersive experience. This is a giant leap in training technology, opening major vistas for further expansion in aerospace defense, medical and energy sectors.
At the unveiling, Sankhya also announced the new Board of Directors. Bhaskar Pramanik, Former Chairman, Microsoft, Corporation (India) Pvt. Ltd. and former MD, Oracle and Sun Microsystems India; Anil Valluri, President, NetApp India and SAARC; Ravindran Govindan, Founder and Executive Chairman, Mercatus Capital Pte Ltd have joined the team.
"I am excited to join the board of Sankhya Infotech as an Independent Director. The global training and simulation market for enterprises in Aerospace and Defense is multiple billions of dollars. Training is critical for such industries because of safety, security and regulatory requirements. Given its track record and customer references, Sankhya's opportunity to address the global market with its innovative state of the art technology solutions and services is immense. My global experience at technology majors Microsoft, Oracle and Sun Microsystems will help Sankhya scale operations profitably," said Bhaskar Pramanik.
"What excites me is the market potential and ability to leverage technologies such as immersive virtual reality, cloud and analytics to deliver enhanced learning and guide Sankhya Infotech to grow at scale. My interest in customer use cases and technology adoption are key factors for me to get on board. With over 32 years in high tech industry in marketing, sales and general management, I look forward to adding value to Sankhya's market growth and technology expansion plans," added Anil Valluri, President, NetApp India and SAARC.
Sridhar Krishna, Chairman and MD said, "Where mission critical operations are involved, customers need both simulation and a strong training management platform and this has been our core competency for two decades. We focus on the vital organisational functions, failure of which could cause catastrophic impact to the organisation and its customers and stakeholders. A big differentiator is our ability bring analytics and artificial intelligence to predict and deliver focused training to specific missions."
""Whether it's the simulation of a fighter jet aircraft engine for maintenance that covers over a million parts and thousand sub-systems for maintenance purposes or a platform to implement world's first Evidence Based Training to Etihad Airways - we are intent on shaping the future of training technology with our innovations in immersive training systems, analytics and artificial intelligence and accelerate global presence," he added.
An example of Sankhya's successful training and learning management systems is with Etihad Airways. The airlines launched Sankhya's training management system over three years ago and became the world's first airline to have implemented a fully automated Evidence Based Training Standard. This unique solution significantly improves airlines safety and its regulatory compliance. Etihad is able to reduce around 12,000-person days in training per annum, while significantly improving training standards resulting in over 500 percent RoI in 2 years.
Demand for commercial aircraft and growth of aviation is going to double over the next decade from the current 20,000 aircrafts to over 46,000 aircrafts. Much of this growth will happen in Asia and US where fleet renewals will spur demand. Besides, defense modernisation and expansion of platforms is predicted to be concentrated in Asia and Americas due to increased threats in these regions. Modern training technology that Sankhya has developed is in demand from Asian markets already.
In order meet these demands with local presence; Sankhya has established an international subsidiary in Singapore. The company has plans to significantly expand in the US to cater to North and South American markets. (ANI-BusinessWire India)