Tagbox Solutions Private Limited in which TVS picked up a 24.3 per cent stake for Rs 26.6 crore, provides IoT-based solutions for sensing, monitoring and analysis across supply-chain activities. In the US-based Predictronics Corporation, which provides AI-driven predictive maintenance analytics solutions, TVS Motors picked up 23.5 per cent stake. The goal is to reduce unplanned downtime, increase productivity and improve product quality.
Altizon Inc, in which TVS Motor picked up a 14.1 per cent stake, specialises in industrial internet of things (IIoT) catering to manufacturing industries. The idea behind this investment, say industry experts, is to integrate machine data with related information from other IT systems on the shopfloor, in order to build a manufacturing data lake. Analysis of this data can bring visibility and predictability into its manufacturing value chain and make the system cost-efficient.
Scienaptics Systems Inc, in which TVS Motor picked up 17 per cent, uses AI-enabled platform 'Ether' to provide risk and credit-assessment solutions and monitor evolving fraud patterns.
According to analysts, TVS Motor generates a huge volume of data from across its manufacturing units and aftermarket operations. With investments in start-ups, the company now has access to IoT and machine learning
technologies that could help it rationalise and optimise the entire component supply chain and improve manufacturing efficiency. Moreover, these technologies can be leveraged for group companies
For example, Scienaptics, in which it invested this February, is helping the company combine big data, machine learning
and artificial intelligence
technologies on its decision platform ‘Ether’. Solutions built on ‘Ether’ help enterprises improve risk and credit assessment, monitor evolving fraud patterns, and improve customer experience, it said.
Rajesh Narasimhan, a board member at TVS Motor, had earlier said that the company evaluated many start-ups providing big data analytics and risk management solutions before investing in Scienaptic. Narasimhan added that Scienaptic’s end-to-end data analytics solution, with applicability in various industries, has the potential to generate a new profit stream for the $8.5 billion TVS Group company.
Previously, TVS had invested in electric bike maker Ultraviolette Automotive Pvt. Ltd and RentOnGo, an online marketplace for renting bikes and appliances.
Enable GingerCannot connect to Ginger Check your internet connection
or reload the browserDisable in this text fieldEditEdit in GingerEdit in Ginger×