“We are going to focus on value proposition. Our firm will start operations within a quarter,” said Mitra, who moved out of Tech Mahindra earlier this month.
Jagdish Mitra, the former CEO of Tech Mahindra India’s commercial division, founded an AI firm with a planned Rs 65–80 crore of initial investment. It is anticipated that the startup will launch within the next three months.
“We will start going to customers in 8-12 months. Initially, we will invest USD 8-10 million,” said Mitra, one of the contenders for the post of Tech Mahindra CEO position after CP Gurnani resigned.
“Cost arbitrage factor, driven by manpower, is going to be seriously impacted. It will be driven by values. We need to move from a cost-driven proposition to a value-driven proposition.”
“We are going to focus on value proposition. Our firm will start operations within a quarter,” said Mitra, who moved out of Tech Mahindra earlier this month.
Without giving away the company’s name, Mitra stated that it will operate out of both the US and India with an emphasis on sportstech, manufacturing, and retail.
“Everyone will not develop chatGPT models. It will cost a huge amount of money. Our focus will be on short language models and delivering value in factory output.”
“There should be a share in the value of outcome that the AI model achieves in factory output. Mahindra,” Mitra said.
He stated that his company will investigate the use of AI to boost output.
“I have no issue if a coder is using AI. I don’t want to challenge his intellect but look at enhancing productivity. Every industry will use AI for value addition and improve productivity. My go-to market strategy will be with SAAS (software as a service) and firms that have less than USD 2 billion revenue,” Mitra said.
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