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Tech co ANSR hires I-banker for Nasdaq IPO

BENGALURU: The Lalit Ahuja-backed ANSR is eyeing a Nasdaq listing in 2024 as the Bengaluru- and US-based firm bets big on India’s global capability centres (GCC) business. The GCCs have evolved as the hotbed for enterprise transformation and innovation for many Fortune 500 companies.
ANSR, which specialises in helping multinationals set up tech centres in India, has brought in over 100 GCCs to India that, in turn, employ over 100,000. ANSR is said to have roped in US financial services firm Cantor Fitzgerald as the investment banker to the IPO.
Sources told TOI ANSR may close fiscal 2023 with a revenue of over Rs 800 crore. The GCCs ANSR brought to India include those of Target, Wells Fargo, Pepsi, Neiman Marcus, Lowe’s and Limited Brands (owner of Victoria’s Secret). ANSR provides solutions across the GCC lifecycle, including strategy/business consulting, and infrastructure design &build-out services.

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