Hiranandani Group Dives into Tech-Driven Consumer Business with ₹3,500 Crore Investment

Following its successful ventures into data services and cloud computing, the Hiranandani Group has expanded its portfolio to include technology-driven consumer services through its new venture, Tez Platforms. The group plans to invest ₹3,500 crore in the next two to three years in this endeavor. 

The real estate company will commence with an initial investment of ₹1,000 crore, and Tez Platforms is scheduled to launch later this year. 

Tez Platforms will concentrate on exploring opportunities within the realms of social media, entertainment, gaming, e-sports, e-commerce, personal mobility, artificial intelligence, and blockchain-linked solutions. 

"According to Darshan Hiranandani, CEO of Hiranandani Group, 'We are of the belief that the digital realm has only begun to tap its full potential. Aligned with the Digital India vision set forth by Prime Minister Modi and the Government of India, as reflected in the Union Budget 2022, we are expanding our emphasis on technology-driven, modern services.'" 

"In launching Tez Platforms, our aim is to foster collaboration with prominent technologies and partners, both domestically and internationally, as we progress further in our journey," he stated. 

Darshan Hiranandani mentioned that the company plans to introduce two highly anticipated services in 2022, followed by an additional three in the following year. "We are expanding our emphasis on technology-driven, modern services," he stated.