Former Tech Mahindra Business Head Jagdish Mitra To Set Up AI Startup

Former Tech Mahindra India business head Jagdish Mitra has launched an AI startup with an initial investment of Rs 65-80 crore, set to begin operations within three months.

"We aim to engage customers within 8-12 months, initially investing $8-10 million," Mitra, a contender for Tech Mahindra's CEO position told PTI. "Cost arbitrage driven by manpower will diminish, emphasizing values over costs. Our focus shifts from cost to value."

Operating in manufacturing, retail, and sportstech, the startup will have a presence in both the US and India, focusing on short language models for factory output value.

Mitra emphasised the importance of AI in enhancing productivity, stating, "Every industry will leverage AI for productivity improvement. Our strategy targets SAAS and firms with less than USD 2 billion revenue."