Amazon Pharmacy brings $5 medication subscription service to Texas
NEW YORK - Aeries Technology, Inc. (NASDAQ:AERT) announced plans to expand its workforce across India and Mexico, with more than 500 new positions to be added in India over the next 12 months. The company, which currently generates annual revenue of $68.86 million with a gross profit margin of 23.94%, is making this move despite recent market challenges. According to InvestingPro data, the company’s stock has experienced significant volatility in recent months.
The AI-powered business transformation company will open additional offices in Mumbai, Bengaluru, Hyderabad, and Pune to accommodate the growth, according to a press release issued Thursday. The company will also continue scaling its Mexico operations, with Guadalajara serving as a key hub for nearshore delivery.
The expansion follows what the company described as record quarterly earnings, though specific financial figures were not disclosed in the announcement.
"Our strong financial performance gives us the confidence to accelerate investment in top-tier talent and next-generation capabilities," said Ajay Khare, Chief Executive Officer of Aeries Technology. Based on InvestingPro’s Fair Value analysis, the stock currently appears undervalued, though investors should note that comprehensive research reports covering this and 1,400+ other stocks are available on InvestingPro.
The new roles will span technology, artificial intelligence, finance, and other functional areas, the company stated. Aeries primarily serves private equity firms and their portfolio companies with services including AI-enabled solutions, technology services, and digital transformation.
Founded in 2012, Aeries Technology went public on the Nasdaq and positions itself as a provider of Global Capability Center (GCC) services. The company stated that its expansion in India and Mexico supports its strategy to deliver services to global clients across multiple time zones.
In other recent news, Aeries Technology reported a significant financial turnaround in its Q1 2025 earnings, achieving a net profit of $1.7 million compared to a $15.3 million loss the previous year. This improvement is attributed to strategic shifts and operational enhancements, including the launch of the AresONE AI platform and a reduction in selling, general, and administrative expenses. Additionally, Aeries Technology announced a strategic partnership with TalentRecruit to enhance its recruitment capabilities for Global Capability Center clients in India and Mexico. The collaboration is expected to integrate TalentRecruit’s AI-driven platform into Aeries’ talent operations, potentially reducing time-to-hire by up to 45% and improving offer-to-joining ratios by up to 50%. These developments highlight Aeries Technology’s efforts to strengthen its market position and operational efficiency. While there were no analyst upgrades or downgrades reported recently, the company’s recent financial performance and strategic initiatives may draw attention from investment analysts.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.