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NEW YORK - Aeries Technology, Inc. (NASDAQ:AERT), a technology services provider with a market capitalization of $53 million and a profitable track record over the last twelve months, announced today the launch of its AI-Centered Global Capability Center (GCC) initiative, integrating artificial intelligence across all its GCCs worldwide.
The framework embeds intelligent automation, generative AI agents, and data-driven decision systems into core GCC functions including finance, IT, HR, and customer operations. According to the company, this approach aims to accelerate innovation and improve cost efficiency for private equity portfolio companies. InvestingPro data shows the company’s efforts are yielding results, with a healthy gross profit margin of 25.3% and revenue growth of 4.4% in the last twelve months.
"GCCs are no longer just cost arbitrage engines—they are becoming AI-powered value creation hubs," said Unni Nambiar, CTO of Aeries Technology, in the press release.
The company reports that the initiative follows a deployment within a healthcare portfolio company, where its Bangalore-based GCC scaled to over 300 employees within 15 months.
Aeries Technology, founded in 2012, currently employs over 1,000 professionals. The company provides business transformation and GCC delivery services primarily for private equity portfolio companies.
According to data cited in the press release, the AI-Enabled GCC market was valued at $32.8 billion in 2023 and is projected to reach $211 billion by 2032, representing a 21% compound annual growth rate. Trading at a P/E ratio of 1.17, Aeries Technology presents an interesting value proposition in this growing market.
The company states it plans to enhance the framework with domain-specific AI agents, predictive dashboards, and enterprise-grade large language model training protocols.
Aeries Technology began trading on NASDAQ under the ticker AERT, though the press release did not specify when the company went public.
This article is based on a press release statement from Aeries Technology.
In other recent news, Aeries Technology has made several notable announcements impacting its operations and strategic direction. The company has entered into revised employment agreements with key executives, including CEO Bhisham Khare, CFO and CIO Daniel S. Webb, and CTO Unnikrishnan Nambiar, reflecting updated roles and compensation structures. Additionally, shareholders approved amendments to the company’s governance framework and equity incentive plan, potentially affecting shareholder rights and increasing the share reserve annually by up to 5%. Aeries Technology also appointed Eli Mendoza as Chief Growth and Strategy Officer, bringing over 20 years of experience in private equity and corporate strategy. In a strategic move, Aeries Technology partnered with cybersecurity firm Fortra to establish Global Capability Centers in India and Mexico, aimed at enhancing operational efficiency and innovation. The partnership with Fortra is expected to expand Fortra’s workforce and create a nearshore hub in Mexico. These developments indicate Aeries Technology’s commitment to expanding its global footprint and enhancing its leadership team.
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