The consulting services providing company, Avaali Solutions, is all set to expand into Europe and the US and increase its client base in the Middle East, Asia and Africa. It is planning to more than double its workforce to 225 and also increase its client base to 250 within about two years. Currently, the Company is catering to more than a hundred customers, and has a 90 strong workforce.
As per its expansion plans, Avaali is going to seek external investors to raise about three million dollars and focus on product development and establishing new partnerships. It plans to invest close to five million dollars on the same.
The organisation, which is about six years old, has subsidiaries in Singapore and the Middle East. It offers information management solutions, optical character recognition, robotic process automation and artificial intelligence (AI) among other technology solutions.
Having realised that its customer dealings have grown at a fast pace, by more than 50 per cent, in the last couple of years, Avaali now plans to invest in block chain and other technologies too, even while spreading out wider into the US and Europe.
The Company will offer finance and accounting solutions along with solutions for supply chain as well as audit and compliance processes. The aim is to help at least a 1000 organisations cut costs and improve process cycle time with the help of emerging technologies.
Avaali is on the lookout for strategic investors interested in the business-to-business (B2B) space.