Yash Birla Group acquires 51-% stake in Mansycom Consultants
01 Jul 2011
The Rs3,000-crore diversified Yash Birla Group has acquired 51-per cent stake in 3D modelling IT firm Mansycom Consultants for Rs60 lakh.
"In a bid to secure a strong foothold in infrastructure sector, Yash Birla Group has acquired 51-per cent controlling stake in Knowledge Process Outsourcing (KPO) firm Mansycom Consultants," Yash Birla Group said in a statement.
Mansycom Consultants offers specialised services in 3D building information modeling technology, creating virtual models of real estate, construction and infrastructure projects etc to maximise efficiencies and profit.
"We are happy to add the expertise of Mansycom Consultants to our offerings... By acquiring the company we will leverage their capabilities to give our clients maximum design and cost efficiencies," Yash Birla group finance director P V R Murthy said.
Mansycom's list of clients include infrastructure companies like Ambuja Realty, Panchshil Group, Indiabulls Real Estate, Neelam Hotels, Nish Developers, Unitech, Omaxe, Era Infrastructure and Vatika Group.
''Through the acquisition, Yash Birla seeks to leverage the latest building technology solutions of Mansycom Consultants that provides architects / designers and all the stake-holders a real-time seamless linkage between design, estimates and construction schedule in order to control cost escalations and reduce delays in construction project implementations even before a construction company takes the shovel to the ground," Yash Birla group said in the statement.
