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	<title>Office Archives - NRI News</title>
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	<item>
		<title>Axis Max Life Launches 50 New Agency Offices in Tier 2 and 3 Markets</title>
		<link>https://nrinews24x7.com/axis-max-life-launches-50-new-agency-offices-in-tier-2-and-3-markets/</link>
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		<dc:creator><![CDATA[News Desk]]></dc:creator>
		<pubDate>Wed, 22 Apr 2026 05:58:12 +0000</pubDate>
				<category><![CDATA[National Business]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Insurance]]></category>
		<category><![CDATA[Office]]></category>
		<guid isPermaLink="false">https://nrinews24x7.com/?p=180615</guid>

					<description><![CDATA[<p>PUNE: Axis Max Life Insurance Limited (“Axis Max Life” / “Company”), formerly known as Max Life Insurance Company Limited, has announced the expansion of its distribution network by opening 50 new agency offices across Tier 2 and Tier 3 markets, specifically across Uttar Pradesh, Odisha, West Bengal, and Assam, while strengthening its footprint in key [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/axis-max-life-launches-50-new-agency-offices-in-tier-2-and-3-markets/">Axis Max Life Launches 50 New Agency Offices in Tier 2 and 3 Markets</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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<p><strong>PUNE:</strong> Axis Max Life Insurance Limited (“Axis Max Life” / “Company”), formerly known as Max Life Insurance Company Limited, has announced the expansion of its distribution network by opening 50 new agency offices across Tier 2 and Tier 3 markets, specifically across Uttar Pradesh, Odisha, West Bengal, and Assam, while strengthening its footprint in key metros like New Delhi-NCR and Bengaluru.</p>



<p>This initiative acts as a catalyst for the IRDAI’s ‘Insurance for All by 2047’ mission, evolving life insurance from a &#8220;push-product&#8221; into a grassroots necessity. By expanding its agency footprint into India’s emerging economic corridors, Axis Max Life aims to serve as a critical last-mile enabler, bridging the protection gap and driving financial inclusion.</p>



<p><strong>Sumit Madan, Managing Director and Chief Executive Officer, Axis Max Life</strong>, said, “<em>Our commitment is to ensure financial protection reaches every corner of India, starting with a tangible presence where customers are underserved. The addition of 50 offices reflects our focus on Tier 2 and Tier 3 markets to respond directly to the protection needs of emerging India. By nurturing local advisory talent, we are creating a &#8216;Bharose Ka Address&#8217; that empowers communities and enables us to meaningfully contribute to IRDAI’s vision of Insurance for All by 2047</em>.”</p>



<p>Beyond insurance coverage, the ‘Bharose Ka Address’ offices will unlock significant employment opportunities for the local communities. A structured recruitment and empowerment program supports each branch, equipping new advisors with the digital tools and training necessary to deliver relevant financial advice. This hyperlocal approach ensures that financial advice is culturally resonant and seamlessly integrated into the unique financial journeys of households across the country.</p>



<p>While this rollout is a key FY26 milestone, ‘Bharose Ka Address’ represents a long-term commitment to India’s protection ecosystem. This expansion provides the foundational infrastructure to support a future-ready agency network capable of delivering consistent, high-quality protection solutions.</p>
<p>The post <a href="https://nrinews24x7.com/axis-max-life-launches-50-new-agency-offices-in-tier-2-and-3-markets/">Axis Max Life Launches 50 New Agency Offices in Tier 2 and 3 Markets</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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		<title>Scania Expands Its Customer Ecosystem in India with New Corporate Office in Bengaluru</title>
		<link>https://nrinews24x7.com/scania-expands-its-customer-ecosystem-in-india-with-new-corporate-office-in-bengaluru/</link>
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		<dc:creator><![CDATA[News Desk]]></dc:creator>
		<pubDate>Sat, 18 Apr 2026 18:33:29 +0000</pubDate>
				<category><![CDATA[National Business]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[corporate]]></category>
		<category><![CDATA[Office]]></category>
		<guid isPermaLink="false">https://nrinews24x7.com/?p=180580</guid>

					<description><![CDATA[<p>New office strengthens market proximity and collaboration, while a strategic partnership with Axis Bank enhances customer access to growth BENGALURU: In the presence of His Excellency Jan Thesleff, Ambassador of Sweden to India, Scania Commercial Vehicles India today inaugurated its new corporate office in Bengaluru, marking a significant milestone in strengthening its footprint in the country. [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/scania-expands-its-customer-ecosystem-in-india-with-new-corporate-office-in-bengaluru/">Scania Expands Its Customer Ecosystem in India with New Corporate Office in Bengaluru</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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<p class="has-text-align-center" style="font-size:24px"><strong><em>New office strengthens market proximity and collaboration, while a strategic partnership with Axis Bank enhances customer access to growth</em></strong></p>



<p><strong>BENGALURU:</strong> In the presence of His Excellency Jan Thesleff, Ambassador of Sweden to India, Scania Commercial Vehicles India today inaugurated its new corporate office in Bengaluru, marking a significant milestone in strengthening its footprint in the country. Reinforcing its long-term commitment to India, Scania also confirmed that its Regional Product Centre (RPC) in Narasapura remains fully operational with end-to-end capabilities, supporting customers with tailored solutions across key segments.</p>



<p>Building on the strong momentum following the recent launch of Scania Super in India, the company also announced the introduction of a white-label financing program in partnership with Axis Bank. This initiative is aimed at providing customers with accessible and competitive financing solutions for purchasing Scania trucks in India. Together, these developments reflect Scania’s continued focus on expanding its presence, strengthening its ecosystem, and building a more locally anchored and responsive business to meet evolving customer needs.</p>



<p>As the commercial vehicle sector places increasing emphasis on uptime, efficiency, and business resilience, Scania is strengthening both its market presence and the support ecosystem around its customers. The new Bengaluru office plays a key role in this effort by enabling stronger collaboration, faster decision-making, and closer engagement with customers, dealer partners, financial institutions, and other stakeholders. It also serves as a hub for attracting and nurturing a strong talent pool, bringing together skilled professionals who will drive innovation, operational excellence, and long-term growth for Scania in India.</p>



<p><strong>Jan Thesleff, Ambassador of Sweden to India, </strong>said:<em> “It is a pleasure to witness this important milestone for Scania in India. The inauguration of the new Bengaluru office reflects not only Scania’s continued commitment to the market but also a strong vote of confidence in India’s growth and long-term potential.</em></p>



<p><em>Sweden and India share a deep and expanding partnership, built on collaboration across trade, innovation, and sustainability. This occasion is a strong example of how our countries are working together to drive meaningful progress.</em></p>



<p><em>Scania’s focus on future-ready mobility solutions and sustainable development aligns closely with our shared ambition to enable innovation-led industrial growth. I am confident that initiatives like this will further strengthen collaboration between our businesses, institutions, and people, deepening ties between Sweden and India in the years ahead.”</em></p>



<p><strong>Silvio Munhoz, Managing Director, Scania Commercial Vehicles India Pvt. Ltd.,</strong> said: <em>“India is a strategically important market for Scania, and our focus is on building a business that is closer to customers, faster in response, and stronger in execution. The new Bengaluru office not only enhances our ability to collaborate more closely with customers and partners but also strengthens our access to a highly skilled talent pool, enabling us to build a future-ready organization. We are honoured to have His Excellency, the Ambassador of Sweden to India, inaugurate this important milestone. At the same time, our Regional Product Centre in Narasapura remains fully operational with end-to-end capabilities, continuing to support customers with tailored solutions. Through our partnership with Axis Bank, we will be able to offer structured financing solutions that make it easier for customers to invest in high-performance Scania trucks and expand their operations.”</em></p>



<p><strong>Martin Stahlberg, Senior Vice President Asia and Oceania at Scania CV AB,</strong> said: <em>“From a global perspective, India represents a key market for Scania’s long-term growth and capability development. The inauguration of our Bengaluru office reflects our commitment to strengthening our local presence while enhancing how we support customers and partners in the region. We are honored by the presence of His Excellency, the Ambassador of Sweden to India, which highlights the strong and evolving partnership between Sweden and India. This milestone reinforces our focus on building sustainable capabilities and delivering long-term value in markets that are central to Scania’s global growth journey.”</em></p>



<p><strong>Munish Sharda, Executive Director, Axis Bank,</strong> said:<em> “As the commercial vehicle market evolves towards higher efficiency and sustainability, financing plays a critical role in enabling operators to invest with confidence. Through Scania Financing, powered by Axis Bank, we are combining strong product capability with structured financing expertise to support long-term fleet growth. This partnership reinforces our focus on building solutions-led ecosystems that create durable value for customers.”</em></p>



<p>Located in the heart of Bengaluru, the office reflects Scania’s intent to operate with greater proximity to the market while reinforcing its long-term commitment to India. It will serve as a hub for key functions, supporting closer coordination across teams and enabling greater agility and responsiveness in a market that continues to be central to Scania’s regional ambitions.</p>



<p>The new office was inaugurated in the presence of senior Scania leadership, key customers, dealer partners, senior members from Business Sweden, and finance partners. Designed in line with the Scania Way and Swedish open work culture, the office features collaborative layouts, functional design, and sustainability-focused elements such as energy-efficient lighting, climate control systems, and the use of sustainable and recyclable materials where feasible.</p>
<p>The post <a href="https://nrinews24x7.com/scania-expands-its-customer-ecosystem-in-india-with-new-corporate-office-in-bengaluru/">Scania Expands Its Customer Ecosystem in India with New Corporate Office in Bengaluru</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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		<title>ICICI Lombard Expands Micro-Office Network: A Step Towards Enhanced Insurance Accessibility</title>
		<link>https://nrinews24x7.com/icici-lombard-expands-micro-office-network-a-step-towards-enhanced-insurance-accessibility/</link>
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		<dc:creator><![CDATA[News Desk]]></dc:creator>
		<pubDate>Tue, 25 Nov 2025 20:17:13 +0000</pubDate>
				<category><![CDATA[Insurance]]></category>
		<category><![CDATA[Micro]]></category>
		<category><![CDATA[network]]></category>
		<category><![CDATA[Office]]></category>
		<guid isPermaLink="false">https://nrinews24x7.com/?p=179971</guid>

					<description><![CDATA[<p>New micro-offices launched in Guwahati, Patna, Vapi, Nashik, Pune &#38; Dehradun PUNE: ICICI Lombard General Insurance, one of India’s leading private general insurers, has expanded its nationwide footprint with the launch of new micro-offices across Bongaigaon (Guwahati), Dharampur (Vapi), Hajipur (Patna), Kalwan &#38; Sinnar (Nashik), Katraj &#38; Rajgurunagar (Pune), and VikasNagar (Dehradun). With this, the company [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/icici-lombard-expands-micro-office-network-a-step-towards-enhanced-insurance-accessibility/">ICICI Lombard Expands Micro-Office Network: A Step Towards Enhanced Insurance Accessibility</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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<p class="has-text-align-center" style="font-size:24px"><em>New micro-offices launched in Guwahati, Patna, Vapi, Nashik, Pune &amp; Dehradun</em></p>



<p><strong>PUNE:</strong> ICICI Lombard General Insurance, one of India’s leading private general insurers, has expanded its nationwide footprint with the launch of new micro-offices across Bongaigaon (Guwahati), Dharampur (Vapi), Hajipur (Patna), Kalwan &amp; Sinnar (Nashik), Katraj &amp; Rajgurunagar (Pune), and VikasNagar (Dehradun). With this, the company further strengthens its network of over 100 micro-offices across the country. This strategic expansion underscores ICICI Lombard’s commitment to enhancing insurance access for customers in semi-urban, rural, and underserved regions.</p>



<p>The micro-office model is designed to bring the company closer to its customers and partners, offering a compact, agile, and community-centric service presence. These offices will enhance last-mile connectivity, support deeper engagement with local markets, and enable the development of tailored insurance solutions that reflect the unique needs of each region. By facilitating timely assistance and fostering trust-based relationships, the micro-offices serve as an important lever in driving insurance penetration.</p>



<p>Commenting on the expansion, <strong>Anand Singhi, Chief – Retail and Government, ICICI Lombard</strong>, said, <em>“The expansion of our micro-office network reflects our commitment to deepening insurance access in a manner that is both meaningful and locally relevant. These offices represent a strategic shift towards being present where our customers live, work, and make financial decisions. By strengthening our on-ground engagement, we are equipping our agents, empowering communities with better awareness,</em> and ensuring that quality protection is available with greater convenience and trust. As India’s growth markets evolve, proximity and personalised service will define the next frontier of customer expectations, and we are determined to lead that journey with agility, innovation,<em> and purpose.”</em></p>



<p>Aligned with the theme ‘Trust &amp; Safety, Now within your reach,’ the micro-office network brings together ICICI Lombard’s nationwide capabilities with hyper-local relevance. The initiative supports greater awareness, education, and personalised service delivery in markets where relationships and on-ground presence significantly influence financial decisions. It also reinforces the company’s commitment to the IRDAI’s vision of ‘Insurance for All by 2047’.</p>
<p>The post <a href="https://nrinews24x7.com/icici-lombard-expands-micro-office-network-a-step-towards-enhanced-insurance-accessibility/">ICICI Lombard Expands Micro-Office Network: A Step Towards Enhanced Insurance Accessibility</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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		<title>Pune&#8217;s Office Sector Achieves Record 6.8 Million Square Feet in Gross Leasing Volume for H1 2025</title>
		<link>https://nrinews24x7.com/punes-office-sector-achieves-record-6-8-million-square-feet-in-gross-leasing-volume-for-h1-2025/</link>
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		<dc:creator><![CDATA[News Desk]]></dc:creator>
		<pubDate>Wed, 16 Jul 2025 06:37:46 +0000</pubDate>
				<category><![CDATA[Realtors]]></category>
		<category><![CDATA[leasing]]></category>
		<category><![CDATA[Office]]></category>
		<category><![CDATA[real estate]]></category>
		<guid isPermaLink="false">https://nrinews24x7.com/?p=178855</guid>

					<description><![CDATA[<p>PUNE: Pune’s office market is on track to set a new leasing benchmark in 2025, having recorded its highest-ever gross leasing volume (GLV) for a half-year period at 6.8 million square feet (msf), in H1 2025 (Jan-June), a 67% year-on-year increase and a 54% rise over H2 2024, according to Cushman &#38; Wakefield’s latest Q2 [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/punes-office-sector-achieves-record-6-8-million-square-feet-in-gross-leasing-volume-for-h1-2025/">Pune&#8217;s Office Sector Achieves Record 6.8 Million Square Feet in Gross Leasing Volume for H1 2025</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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<p><strong>PUNE:</strong>  Pune’s office market is on track to set a new leasing benchmark in 2025, having recorded its highest-ever gross leasing volume (GLV) for a half-year period at 6.8 million square feet (msf), in H1 2025 (Jan-June), a 67% year-on-year increase and a 54% rise over H2 2024, according to Cushman &amp; Wakefield’s latest Q2 Office MarketBeat Report. GLV factors in all leasing activity in the market, including fresh take-up, renewal of contracted terms by corporates, as well as pre-leasing, and is an indication of overall market activity. The city contributed 16% (6.8 msf) to the pan-India GLV of 42 msf in H1 2025, ranking among the top 4 markets alongside Bengaluru (9.9 msf), Mumbai (8.2 msf), and Delhi NCR ( 7.4 MSF).</p>



<p>In 2025, Pune’s GLV is projected to surpass 10 msf, setting a new historic high and reinforcing the city’s growing stature in India’s commercial real estate landscape.</p>



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td colspan="2"><strong>2021</strong><strong></strong></td><td colspan="2"><strong>2022</strong><strong></strong></td><td colspan="2"><strong>2023</strong><strong></strong></td><td colspan="2"><strong>2024</strong><strong></strong></td><td><strong>2025</strong><strong></strong></td></tr><tr><td>H1</td><td>H2</td><td>H1</td><td>H2</td><td>H1</td><td>H2</td><td>H1</td><td>H2</td><td>H1</td></tr><tr><td>1.9</td><td>2.9</td><td>4.0</td><td>2.7</td><td>6.2</td><td>3.5</td><td>4.1</td><td>4.4</td><td>6.8</td></tr></tbody></table></figure>



<p><strong>Source: Cushman &amp; Wakefield</strong></p>



<p>This strong momentum was driven by robust demand from sectors such as Engineering &amp; Manufacturing, IT-BPM, and Flexible workspaces, which together, accounted for ~4.6 msf (close to 70% share) in H1 2025. A total of ~2.7 msf of GCC transactions were recorded in H1 2025, of which BFSI, Engineering, Manufacturing, and IT-BPM were the top contributors to the GCC with a share of 36%, 51% and 10% respectively.</p>



<p>Flexible Workspaces also continued their upward trajectory, further cementing Pune’s position as the second-largest flex market after Bengaluru. Over the past three years, Flexible Workspaces in Pune have maintained an average annual footprint of 1.56 msf, accounting for around 19% of the city’s overall GLV.</p>



<p><strong>Supply Pipeline continues to remain strong</strong></p>



<p>On the supply side, Pune saw a healthy infusion of new office space in the second quarter, with nearly 8 MSF of new supply added in H1 2025, comprising primarily 90% Grade A and A+ office space.&nbsp; This increase in supply has resulted in a marginal rise in vacancy levels to 12–13%, a shift that is being viewed positively by market participants. After several years of vacancy rates staying below 10%, this evolution toward a more balanced market environment is facilitating swifter deal closures and offering greater options to occupiers seeking large contiguous spaces.</p>



<p>By the end of 2025, with continued quality additions to stock, vacancy is projected to rise to 15–16%, making it a more balanced market. The city is expected to cross 15 MSF in new office supply by year-end, marking a historic high for the Pune office market.</p>



<p>Commenting on the performance, <strong>Moinuddin Patel, Managing Director- Pune, Cushman &amp; Wakefield </strong>said: <em>“Pune’s office market is poised to achieve a historic milestone in 2025, with gross leasing volumes projected to exceed 10 million square feet for the first time. This anticipated record is underpinned by sustained demand across key sectors. The continued momentum in the flexible workspace segment, the resilience demonstrated by engineering and manufacturing occupiers, and the steady expansion of Global Capability Centres (GCCs) collectively underscore Pune’s growing strategic importance within India’s commercial real estate landscape. Supported by a healthy pipeline of high-quality supply and a more balanced, occupier-friendly environment, the city is well-positioned to cater to the evolving space requirements of both domestic and global enterprises.”</em></p>
<p>The post <a href="https://nrinews24x7.com/punes-office-sector-achieves-record-6-8-million-square-feet-in-gross-leasing-volume-for-h1-2025/">Pune&#8217;s Office Sector Achieves Record 6.8 Million Square Feet in Gross Leasing Volume for H1 2025</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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		<title>Bandhan Mutual Fund Relocates Its Pune Office</title>
		<link>https://nrinews24x7.com/bandhan-mutual-fund-relocates-its-pune-office/</link>
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		<dc:creator><![CDATA[News Desk]]></dc:creator>
		<pubDate>Tue, 10 Jun 2025 21:14:53 +0000</pubDate>
				<category><![CDATA[Regional]]></category>
		<category><![CDATA[Office]]></category>
		<category><![CDATA[pune]]></category>
		<category><![CDATA[Relocate]]></category>
		<guid isPermaLink="false">https://nrinews24x7.com/?p=178410</guid>

					<description><![CDATA[<p>PUNE: Bandhan AMC Limited (Bandhan AMC) has relocated its branch office in Pune to help serve investors and mutual fund distributors (MFDs) better. The branch office is located at First Floor, Signature Building, Above ICICI Bank, Bhandarkar Road, Pune &#8211; 411004. The relocated branch in Pune will include a fully equipped meeting cum training room [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/bandhan-mutual-fund-relocates-its-pune-office/">Bandhan Mutual Fund Relocates Its Pune Office</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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<p><strong>PUNE:</strong> Bandhan AMC Limited (Bandhan AMC) has relocated its branch office in Pune to help serve investors and mutual fund distributors (MFDs) better. The branch office is located at First Floor, Signature Building, Above ICICI Bank, Bhandarkar Road, Pune &#8211; 411004. The relocated branch in Pune will include a fully equipped meeting cum training room which aims to enhance its customer service and investor awareness activities in Pune.</p>



<p>Talking about the branch relocation, <strong>Vishal Kapoor, CEO, Bandhan AMC,</strong> said that, “<em>Pune has been a high-growth market for us, and we are happy to have received strong feedback and support from our partners and investors over several years. Our new office further strengthens our commitment and presence in this key market, and we are confident that our team and partners in Pune will use it to further increase financial awareness, generate greater interest in mutual funds, and provide superior service to our customers</em>.”<br></p>



<p>Established in 2000, Bandhan AMC Limited is focused on helping savers become investors and create wealth. Bandhan AMC Limited serves its investors through a slew of prudently constructed investment products across Mutual Funds, Alternatives, and Portfolio Management Services (PMS), managed by a seasoned investment team to provide performance consistent with the product’s well-defined objectives. With an on-the-ground presence in over 100 cities, the fund house caters to investors in over 790 cities and towns across the<br>country, serving over three and a half million folios representing institutions, corporates, family offices, and individual clients.</p>
<p>The post <a href="https://nrinews24x7.com/bandhan-mutual-fund-relocates-its-pune-office/">Bandhan Mutual Fund Relocates Its Pune Office</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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		<title>UST Strengthens Its Footprint in India with New Offices in Delhi NCR</title>
		<link>https://nrinews24x7.com/ust-strengthens-its-footprint-in-india-with-new-offices-in-delhi-ncr/</link>
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		<dc:creator><![CDATA[News Desk]]></dc:creator>
		<pubDate>Thu, 05 Jun 2025 14:38:19 +0000</pubDate>
				<category><![CDATA[National Business]]></category>
		<category><![CDATA[Business]]></category>
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					<description><![CDATA[<p>MUMBAI:  UST, a leading digital transformation solutions company, has announced the inauguration of two new offices in the Delhi NCR region &#8211; Gurgaon and Noida &#8211; further strengthening its India presence. The 256-seater Gurgaon (Gurugram) office is located in WOCO commercial space, while the 215-seater Noida office is located in Logix Cyber Park. These two facilities [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/ust-strengthens-its-footprint-in-india-with-new-offices-in-delhi-ncr/">UST Strengthens Its Footprint in India with New Offices in Delhi NCR</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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<ul class="wp-block-list">
<li><em>UST steadily expands its footprint across India with six new offices in the last eight months</em></li>



<li><em>The Gurgaon and Noida offices mark UST’s third and fourth office expansions in India in 2025</em></li>
</ul>



<p><strong>MUMBAI:</strong>  <a href="http://ust.com/" target="_blank" rel="noreferrer noopener"><strong>UST</strong></a>, a leading digital transformation solutions company, has announced the inauguration of two new offices in the Delhi NCR region &#8211; Gurgaon and Noida &#8211; further strengthening its India presence. The 256-seater Gurgaon (Gurugram) office is located in WOCO commercial space, while the 215-seater Noida office is located in Logix Cyber Park. These two facilities were inaugurated recently as part of a consolidation effort of offices in the region. </p>



<p>The Gurgaon and Noida office spaces were inaugurated by <strong>Sunil Balakrishnan, Chief Values Officer and Global Head of Development Center Operations; </strong>Sarath Raj, Head of HR BSE; Chandrasekaran Sundaresan, Center Head &#8211; UST Delhi; and other senior leaders and associates at UST.</p>



<p>On this occasion, <strong>Chandrasekaran Sundaresan, Center Head &#8211; UST Delhi</strong>, commented, &#8220;<em>We are excited about our continued expansion in Delhi NCR, marking our significant presence in the north. With offices in Noida and Gurgaon, we are witnessing promising growth in the IT sector across the region, and we firmly believe UST will play a major role in fostering this growth. We are confident that this expansion will further strengthen our capabilities and push us to the forefront of innovation as we continue to prioritize delivering high-value solutions for our clients</em>.&#8221;</p>



<p>The newly opened Noida office features a turf inside the campus and a full-fledged cafeteria, while the Gurgaon office is&nbsp;set to offer exciting amenities for employees. UST will be serving clients from diverse sectors, including telecom, healthcare, retail, hi-tech, engineering, and automotive, from the Delhi NCR offices.</p>



<p>UST continues to expand its footprint across India, reinforcing its position as a global leader in digital transformation and technology services. Recently,&nbsp;<a href="https://www.ust.com/en/who-we-are/ust-newsroom/ust-further-strengthens-bengaluru-presence-with-a-new-300-seater-office" target="_blank" rel="noreferrer noopener">UST inaugurated its fourth facility in Bengaluru with a 300-seater office</a>, intending to create convenient workspaces for employees. In March 2025,<a href="https://www.ust.com/en/who-we-are/ust-newsroom/ust-expands-india-presence-with-a-new-1000-seater-office-in-pune-aims-to-add-6000-jobs-in-the-next-5-years-in-the-city" target="_blank" rel="noreferrer noopener">&nbsp;</a><a href="https://www.ust.com/en/who-we-are/ust-newsroom/ust-expands-india-presence-with-a-new-1000-seater-office-in-pune-aims-to-add-6000-jobs-in-the-next-5-years-in-the-city" target="_blank" rel="noreferrer noopener">UST inaugurated a 1,000-seater office in Pune</a>&nbsp;with plans to create 6,000 jobs in the next 5 years in the city. Last year,<a href="https://www.ust.com/en/who-we-are/ust-newsroom/ust-expands-india-presence-with-a-second-office-in-bengaluru" target="_blank" rel="noreferrer noopener">&nbsp;</a><a href="https://www.ust.com/en/who-we-are/ust-newsroom/ust-expands-india-presence-with-a-second-office-in-bengaluru" target="_blank" rel="noreferrer noopener">UST opened a second office in Bengaluru along with a Design Experience Centre</a>. The company also&nbsp;<a href="https://www.ust.com/en/who-we-are/ust-newsroom/ust-to-expand-india-presence-with-state-of-the-art-kochi-campus-and-create-over-3000-new-jobs-in-the-next-5-years" target="_blank" rel="noreferrer noopener">laid the foundation for its second-owned campus in Kochi, Kerala</a>, with plans to create 3,000 jobs over the next five years in Kochi, demonstrating its commitment to growth and investment in the region.</p>



<p>The US-headquartered firm, founded in 1999 with its India headquarters in Thiruvananthapuram, has significantly expanded its footprint across the country, with offices in key locations including Bengaluru, Thiruvananthapuram, Hyderabad, Kochi, Pune, Mumbai, Chennai, Coimbatore, Delhi NCR, Ahmedabad, Hosu,r and employs over 20,000 employees in India.</p>



<p><strong>Noida office</strong>: Logix Cyber Park, Tower D, 6th Floor, C-28 &amp; 29, C Block, Phase 2, Industrial Area, Sec 62, Noida, Uttar Pradesh, 201301</p>



<p><strong>Gurugram office</strong>: 3rd Floor, WOCO, 388, Shankar Chowk Rd, Udyog Vihar, Phase 3, Sector 20, Gurugram, Haryana &#8211; 122008</p>



<p></p>
<p>The post <a href="https://nrinews24x7.com/ust-strengthens-its-footprint-in-india-with-new-offices-in-delhi-ncr/">UST Strengthens Its Footprint in India with New Offices in Delhi NCR</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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		<title>OpenGov Strengthens Global Presence with New Pune Office Opening</title>
		<link>https://nrinews24x7.com/opengov-strengthens-global-presence-with-new-pune-office-opening/</link>
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		<dc:creator><![CDATA[Bharat Bureau]]></dc:creator>
		<pubDate>Sat, 19 Apr 2025 20:38:17 +0000</pubDate>
				<category><![CDATA[International Business]]></category>
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		<category><![CDATA[OpenGov]]></category>
		<guid isPermaLink="false">https://nrinews24x7.com/?p=177291</guid>

					<description><![CDATA[<p>PUNE: OpenGov, the leading provider of AI-enabled and modern cloud software for U.S. state and local governments, proudly announces the grand opening of its new office in Pune, India. This expansion marks a significant milestone in OpenGov’s mission to power more effective and accountable government through technology. The new office was inaugurated by Thiago Sá [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/opengov-strengthens-global-presence-with-new-pune-office-opening/">OpenGov Strengthens Global Presence with New Pune Office Opening</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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<p><strong>PUNE:</strong> OpenGov, the leading provider of AI-enabled and modern cloud software for U.S. state and local governments, proudly announces the grand opening of its new office in Pune, India. This expansion marks a significant milestone in OpenGov’s mission to power more effective and accountable government through technology. The new office was inaugurated by Thiago Sá Freire (President &amp; COO), Terrence Curley (Chief of Staff, R&amp;D), and Rama Jayanti (MD &amp; SVP, R&amp;D).</p>



<p>“<em>We see India as a critical part of OpenGov’s future,</em>” said <strong>Thiago Sa Freire, President &amp; COO of OpenGov.</strong> “<em>With its deep talent pool and thriving technology ecosystem, Pune has become an essential innovation hub for our product development, particularly in areas where we’re leveraging AI</em>.”</p>



<p>As part of its commitment to innovation, OpenGov has been heavily investing in artificial intelligence (AI) to enhance government operations. In February 2025, the company acquired&nbsp;Ignatius, a dynamic low-code platform that automates public sector forms and workflows, enabling the creation of custom-built applications. This acquisition strengthens OpenGov&#8217;s ability to deliver AI-powered solutions that streamline processes and drive efficiency for local and state governments.</p>



<p>“<em>The next great wave of innovation is unfolding with AI, and it is impacting everything—from the way we work to the way governments interact with their residents,</em>&#8221; said <strong>Rama Jayanti, MD &amp; SVP of R&amp;D at OpenGov</strong>. &#8220;<em>This is the world OpenGov is creating in partnership with our customers</em>.&#8221;</p>



<p>Located in Sai Radhe Complex, Sangamwadi, Pune, the new office will serve as a hub for innovation, collaboration, and talent development. With its vibrant tech ecosystem and skilled workforce, Pune is an ideal location for OpenGov’s continued growth.</p>



<p>T<strong>errence Curley, Chief of Staff, R&amp;D</strong>, said, “<em>We are super excited about the next phase of our Pune Innovation Center. We are rapidly expanding, building great products, and driving tremendous innovation from our Pune office. The center is an integral part of OpenGov’s growth story.</em>”</p>



<p>OpenGov is backed by&nbsp;Cox Enterprises, a company with a 125-year legacy of building businesses that drive meaningful impact. Cox Enterprises&#8217; strategic investment has enabled OpenGov to accelerate product development and innovation, further solidifying its leadership in the government technology sector. As one of the fastest-growing companies in the government technology sector, OpenGov is on an aggressive growth trajectory and is committed to attracting top talent to drive innovation and excellence. The company remains committed to developing solutions that empower U.S. state and local governments to power more effective and accountable government.</p>
<p>The post <a href="https://nrinews24x7.com/opengov-strengthens-global-presence-with-new-pune-office-opening/">OpenGov Strengthens Global Presence with New Pune Office Opening</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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		<title>Knight Frank India Reports Unprecedented Growth in Pune&#8217;s Office and Residential Markets in 2024</title>
		<link>https://nrinews24x7.com/knight-frank-india-reports-unprecedented-growth-in-punes-office-and-residential-markets-in-2024/</link>
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		<dc:creator><![CDATA[News Desk]]></dc:creator>
		<pubDate>Fri, 17 Jan 2025 03:21:38 +0000</pubDate>
				<category><![CDATA[Realtors]]></category>
		<category><![CDATA[Office]]></category>
		<category><![CDATA[real estate]]></category>
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		<guid isPermaLink="false">https://nrinews24x7.com/?p=176270</guid>

					<description><![CDATA[<p>PUNE: Knight Frank India in its latest report, India Real Estate: Office and Residential (July &#8211; December 2024) cited that Pune&#8217;s office market showcased remarkable growth in 2024, recording a total leasing activity of 8 mn sq ft, reflecting a 19% YoY growth, recording its best year for office transactions. This impressive performance was driven by a strong first [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/knight-frank-india-reports-unprecedented-growth-in-punes-office-and-residential-markets-in-2024/">Knight Frank India Reports Unprecedented Growth in Pune&#8217;s Office and Residential Markets in 2024</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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<ul class="wp-block-list">
<li><em>Pune witnessed 8 mn sq ft of office space transactions, recording 19% YoY growt</em>h</li>



<li><em>Flex office spaces accounted for 35% of the office transactions</em></li>



<li><em>6% YoY surge in residential sales breaching the 50k mark for the first time since 2010</em></li>



<li><em>Residential sales in INR 20 – 50 mn and INR 100 – 200 mn ticket size segment recorded a YoY growth of 68% and 122% respectively</em></li>
</ul>



<p><strong>PUNE: Knight Frank India </strong>in its latest report, <strong><em>India Real Estate: Office and Residential (July &#8211; December 2024)</em> cited that </strong>Pune&#8217;s office market showcased remarkable growth in 2024, recording a total leasing activity of 8 mn sq ft, reflecting a 19% YoY growth, recording its best year for office transactions. This impressive performance was driven by a strong first half, with steady demand maintaining momentum in the second half, despite some recalibrations. Leasing activity during H2 2024 stood at 3.6 mn sq ft. Office rentals increased by 5% YoY during 2024.</p>



<p>Pune saw an addition of 5.7 mn sq ft of new office space in 2024, marking a significant 58% YoY growth. Of this, 3.3 mn sq ft were introduced in H2 2024, reflecting growing confidence among developers. Of the total transactions in 2024, flex transactions accounted for 35% of the total share of the city’s office space transactions.</p>



<p>The Pune residential market also achieved a record high of 52,346 units sold in 2024, reflecting a 6% YoY growth. Additionally, the weighted average price of residential units in Pune rose by 6% YoY, reaching INR 4,778 per sq ft.&nbsp;The ticket size category of INR 5 mn – 10 mn witnessed the highest sales in the city contributing 45% of total sales in the city with 23,798 units being sold in 2024.</p>



<p><strong>Office Market Update: January – December 2024</strong><strong></strong></p>



<p><strong>Pune Office Market Summary</strong><strong></strong></p>



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td><strong>Parameter</strong></td><td><strong>2024</strong></td><td><strong>2024 Change (YoY)</strong></td></tr><tr><td>Completions in mn sq ft</td><td>5.7</td><td>58%</td></tr><tr><td>Transactions in mn sq ft</td><td>8.0</td><td>19%</td></tr><tr><td>Average transacted rent inINR/sq ft/month</td><td>77</td><td>5%</td></tr></tbody></table></figure>



<p class="has-small-font-size"><strong><em>Note:</em></strong><em> 1. 1 square meter (sq m) = 10.764 square feet (sq ft), Source: Knight Frank Research</em></p>



<p>Pune&#8217;s commercial office market recorded its highest leasing activity since 2005, with approximately 8 mn sq ft of office space leased in 2024, marking a 19% YoY growth compared to 6.7 mn sq ft in 2023. The surge in demand was primarily driven by the flex sector, followed by India-facing businesses. The growth in Flex space transactions in Pune is attributed to the expanding startup ecosystem and the rising adoption of hybrid work models. At the same time, India-facing businesses are driving demand for traditional office spaces as they continue to expand their operations in the city.</p>



<p>Pune market witnessed major leasing activity by Flex office spaces capturing 35% of the area transacted at 2.8 mn sq ft and witnessing a staggering YoY growth of 112% from 1.3mn sq ft of transactions in 2023. This was followed by India-facing business capturing 31% of the area transacted, respectively at 2.5 mn sq ft which when compared to last year was 1.8 mn sq ft a growth of 41%. Pune also experienced a consistent rise in GCC setups, particularly in SBD East and Kharadi, driven by its skilled talent pool and cost benefits. In 2024, GCCs represented 19% of the total transaction share.</p>



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td><strong>End-User Licensee/Buyer</strong></td><td><strong>Flex</strong></td><td><strong>India-Facing Business</strong></td><td><strong>GCC</strong></td><td><strong>Third Party IT</strong></td><td><strong>Total</strong></td></tr><tr><td><strong>Area transacted in mn sq ft</strong></td><td>2.8</td><td>2.5</td><td>1.5</td><td>1.2</td><td>8</td></tr></tbody></table></figure>



<p class="has-small-font-size"><strong><em>Source:</em></strong><em>&nbsp;Knight Frank Research</em></p>



<p>In terms of office rents, Pune&#8217;s office market saw moderate growth in 2024, surpassing pre-pandemic levels with a 5% YoY increase. Rents rose to INR 77 per sq ft per month in 2024, up from INR 73.5 per sq ft per month in 2023. This upward trend underscores sustained occupier demand, particularly in prime locations.</p>



<p><strong>P Vilas, National Director &#8211; Occupier Services, Capital Markets and Branch Head – Pune at Knight Frank India</strong> said,<strong> “</strong><em>Pune’s office market continues to thrive by adapting to evolving occupier needs. With increasing focus on flexible workspaces, hybrid models, and sustainability, the city is well-positioned to tackle future challenges. Infrastructure improvements, coupled with sustained demand from sectors like BFSI, and IT/ITeS, are projected to fuel further growth in 2025, solidifying Pune’s position as one of India’s most dynamic and resilient office markets.”</em></p>



<p><strong>Residential Market Update: January – December 2024</strong></p>



<p>In 2024, Pune&#8217;s real estate market demonstrated continued growth, marking the highest residential sales since 2010. The second half of the year contributed significantly, with 27,821 units sold compared to 24,525 units in the first half. This growth was driven by strong demand from IT professionals, ongoing infrastructure development, and shifting buyer preferences. Pune continues to establish itself as a dynamic real estate hub, offering a blend of affordability and premium options.</p>



<p>The residential market in Pune experienced a strong influx of new project launches reaching an all-time high in 2024 with a total of 59,548 units introduced, indicating a 40% YoY increase, the highest growth amongst the eight cities in India. Launches in H2 2024 also reached an all-time high with 31,501 units being launched in the second half of the year with a YoY increase of 49% from 21,203 units in H2 2023.</p>



<p><strong>Pune Residential Market Summary</strong></p>



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td><strong>Parameter</strong></td><td><strong>2024</strong></td><td><strong>2024 Change% (YoY)</strong></td></tr><tr><td>Launches (housing units)</td><td>59,548</td><td>40%</td></tr><tr><td>Sales (housing units)</td><td>52,346</td><td>6%</td></tr><tr><td>Average price in INR/sq ft</td><td>4,778</td><td>6%</td></tr></tbody></table></figure>



<p class="has-small-font-size"><strong><em>Note:</em></strong><em> 1 square meter (sq m) = 10.764 square feet (sq ft), Source: Knight Frank Research</em></p>



<p>In 2024, Pune’s housing segment, with ticket sizes ranging from INR 100-200 mn (INR 10 – 20 Cr), saw the highest YoY growth, increasing by 122% from 8 units in 2023 to 18 units. The housing segment with ticket sizes between INR 20 – 50 mn (INR 2 – 5 Cr), experienced the second-highest YoY growth of 68%, rising from 1,289 units in 2023 to 2,166 units in 2024. The mid-range segment (INR 5-10 mn) continued to dominate Pune’s market, recording the highest number of units sold, with 23,798 units in 2024.</p>



<p><strong>Ticket-Size Split of Sales</strong></p>



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td><strong>Ticket Size Categories</strong></td><td><strong>&lt;5 mn</strong></td><td><strong>5-10 mn</strong></td><td><strong>10-20mn</strong></td><td><strong>20-50 mn</strong><strong></strong></td><td><strong>50-100 mn</strong><strong></strong></td><td><strong>100-200 mn</strong><strong></strong></td><td><strong>Total</strong></td></tr><tr><td><strong>2024</strong></td><td>17,304</td><td>23,798</td><td>8,987</td><td>2,166</td><td>73</td><td>18</td><td>52,346</td></tr><tr><td><strong>YoY % change</strong></td><td>-8%</td><td>4%</td><td>46%</td><td>68</td><td>9%</td><td>122%</td><td>6%</td></tr></tbody></table></figure>



<p class="has-small-font-size"><strong><em>Source:</em></strong><em>&nbsp;Knight Frank Research</em></p>



<p>Pune’s inventory levels rose by 18% YoY in 2024, primarily due to an increase in supply. Despite this growth, the quarters-to-sell (QTS) metric remained strong at 3.7 quarters, indicating faster absorption rates and robust buyer demand.</p>



<p><strong>P Vilas, National Director, Occupier Services, Capital Markets and Branch Head, Pune, Knight Frank India said, </strong><em>“Pune’s residential market is set for continued growth, driven by strong demand from end-users, ongoing infrastructure improvements, and an emphasis on lifestyle-oriented housing solutions. As developers adjust supply to match changing buyer preferences, Pune continues to be a significant player in India’s real estate sector. Infrastructure projects like the Metro Corridor and expanded road networks have greatly enhanced connectivity across the city, boosting buyer interest in emerging residential areas. These developments are further enhancing Pune’s market dynamics.”</em></p>
<p>The post <a href="https://nrinews24x7.com/knight-frank-india-reports-unprecedented-growth-in-punes-office-and-residential-markets-in-2024/">Knight Frank India Reports Unprecedented Growth in Pune&#8217;s Office and Residential Markets in 2024</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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		<title>Embassy REIT Leases 207,000 Square Feet to Rubrik at Embassy TechVillage</title>
		<link>https://nrinews24x7.com/embassy-reit-leases-207000-square-feet-to-rubrik-at-embassy-techvillage/</link>
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		<dc:creator><![CDATA[News Desk]]></dc:creator>
		<pubDate>Fri, 17 Jan 2025 02:39:47 +0000</pubDate>
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					<description><![CDATA[<p>BENGALURU: Embassy Office Parks REIT (NSE: EMBASSY / BSE: 542602) (‘Embassy REIT’), India’s first listed REIT and the largest office REIT in Asia by area, announced today that it has signed an Agreement to Lease (‘ATL’) with global cybersecurity company Rubrik at Embassy TechVillage in Bengaluru. Located on Bengaluru’s Outer Ring Road, Embassy TechVillage is [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/embassy-reit-leases-207000-square-feet-to-rubrik-at-embassy-techvillage/">Embassy REIT Leases 207,000 Square Feet to Rubrik at Embassy TechVillage</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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<p><strong>BENGALURU:</strong> Embassy Office Parks REIT (NSE: EMBASSY / BSE: 542602) (‘<strong>Embassy REIT</strong>’), India’s first listed REIT and the largest office REIT in Asia by area, announced today that it has signed an Agreement to Lease (‘ATL’) with global cybersecurity company Rubrik at Embassy TechVillage in Bengaluru.</p>



<p>Located on Bengaluru’s Outer Ring Road, Embassy TechVillage is one of Embassy REIT’s flagship office parks which offers world-class office spaces, retail hubs, and recreational facilities. The park hosts some of the world’s leading companies and continues to set the standard for integrated workspaces in India. Further enhancing its appeal, the upcoming 518-key dual-branded Hilton Hotels will provide unparalleled convenience and hospitality to over 50,000 park users.</p>



<p>Colliers, a global professional services company that specializes in commercial real estate facilitated the transaction for Rubrik.</p>



<p><strong>Marcus Joseph, Director of Global Workplace Solutions (APJ), Rubrik, </strong>said, <em>“This new workspace is a significant step forward in Rubrik’s journey to scale our operations and strengthen our presence in India. The new facility is our commitment to creating an environment where innovation thrives, collaboration is seamless, and employees feel empowered to deliver their best work. India’s exceptional talent pool continues to play a pivotal role in our global strategy, and this new facility underscores our dedication to unlocking their potential and fostering a culture of innovation that shapes the future of cybersecurity.”</em></p>



<p><strong>Ritwik Bhattacharjee, Interim Chief Executive Officer of Embassy REIT</strong>, said, <em>“We are delighted to strengthen our partnership with Rubrik as they expand their footprint at Embassy TechVillage. Embassy TechVillage embodies our commitment to creating world-class business ecosystems that inspire innovation and enable our occupiers to thrive. We wish Rubrik the very best and look forward to a successful collaboration.&#8221;</em></p>



<p><strong>Arpit Mehrotra, Managing Director, Office Services, Colliers India, </strong>said, <em>“This landmark transaction once again showcases Colliers’ ability to deliver bespoke solutions that perfectly align with the client&#8217;s vision. The software giant was looking to acquire an office campus that was conveniently located, easily accessible, and equipped with world-class amenities. I am proud of our exceptional team, who ensured every detail was meticulously handled. The real estate industry in India is poised for unprecedented growth, and we are pleased to contribute to its dynamic evolution. It was an honor to work with the teams at Rubrik &amp; Embassy REIT and I thank them for their support and trust in our capabilities.”</em></p>
<p>The post <a href="https://nrinews24x7.com/embassy-reit-leases-207000-square-feet-to-rubrik-at-embassy-techvillage/">Embassy REIT Leases 207,000 Square Feet to Rubrik at Embassy TechVillage</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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		<title>EtonGPT™: Eton Solutions&#8217; Innovative Generative AI Platform Tailored for Family Offices</title>
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		<dc:creator><![CDATA[News Desk]]></dc:creator>
		<pubDate>Wed, 04 Sep 2024 04:11:02 +0000</pubDate>
				<category><![CDATA[National Business]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[ERP]]></category>
		<category><![CDATA[EtonGPT]]></category>
		<category><![CDATA[family]]></category>
		<category><![CDATA[Generative AI]]></category>
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					<description><![CDATA[<p>BENGALURU: Eton Solutions, a leader in comprehensive wealth management ERP systems for family offices has announced the launch of EtonGPT™ the world&#8217;s first GenAI module for family offices globally. EtonGPT™ integrates the powerful transactional capabilities of Eton Solution&#8217;s ERP platform, with sophisticated conversational AI functionalities. Eton Solutions will enable the majority of the 750 families [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/etongpt-eton-solutions-innovative-generative-ai-platform-tailored-for-family-offices/">EtonGPT™: Eton Solutions&#8217; Innovative Generative AI Platform Tailored for Family Offices</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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<ul class="wp-block-list">
<li><strong><em>EtonGPT<img src="https://s.w.org/images/core/emoji/17.0.2/72x72/2122.png" alt="™" class="wp-smiley" style="height: 1em; max-height: 1em;" /></em></strong><em> is embedded within the AtlasFive® ERP platform</em></li>



<li><em>The platform will enable wealth managers to achieve a<strong> 2 to 4X</strong> increase in operational efficiency</em></li>
</ul>



<p><strong>BENGALURU:</strong> Eton Solutions, a leader in comprehensive wealth management ERP systems for family offices has announced the launch of EtonGPT<img src="https://s.w.org/images/core/emoji/17.0.2/72x72/2122.png" alt="™" class="wp-smiley" style="height: 1em; max-height: 1em;" /> the world&#8217;s first GenAI module for family offices globally. EtonGPT<img src="https://s.w.org/images/core/emoji/17.0.2/72x72/2122.png" alt="™" class="wp-smiley" style="height: 1em; max-height: 1em;" /> integrates the powerful transactional capabilities of Eton Solution&#8217;s ERP platform, with sophisticated conversational AI functionalities.</p>



<p>Eton Solutions will enable the majority of the 750 families on AtlasFive® to benefit from EtonGPT<img src="https://s.w.org/images/core/emoji/17.0.2/72x72/2122.png" alt="™" class="wp-smiley" style="height: 1em; max-height: 1em;" />. It will be available exclusively to AtlasFive® users to enhance the productivity of their family offices.</p>



<p>EtonGPT<img src="https://s.w.org/images/core/emoji/17.0.2/72x72/2122.png" alt="™" class="wp-smiley" style="height: 1em; max-height: 1em;" /> will improve family office operations by seamlessly integrating data stored in documents with transaction data on AtlasFive®, thereby helping streamline processes and leading to a boost in productivity. Several of Eton Solutions&#8217; clients, including Shade Tree Advisors (US), Todd Family Office (New Zealand), and Aglaia Family Office (Singapore) have been using this new AI-enabled platform. It will allow them to access information and conduct in-depth analyses of their investment and asset portfolios.  EtonGPT<img src="https://s.w.org/images/core/emoji/17.0.2/72x72/2122.png" alt="™" class="wp-smiley" style="height: 1em; max-height: 1em;" /> doubles up as both an internal search and data extraction tool within the secure centralized database of the cloud-native AtlasFive® ERP platform.</p>



<p>Backed by pending patents, this hybrid AI platform marries the best features of various AI technologies. It incorporates machine learning, expert systems-based business rule engines, and large language models to deliver unparalleled accuracy and insights. It leverages AI-driven data extraction, summarization, generation, inferencing, and transformation to help family offices operate more efficiently and securely.</p>



<p><strong>Satyen Patel, Eton Solutions’ executive chairman</strong> said,<strong> </strong>“<em>Our AtlasFive® solution was the first to offer a centralized data platform that had integrated structured data processing across accounting, investment, and tax functions.  With the launch of EtonGPT<img src="https://s.w.org/images/core/emoji/17.0.2/72x72/2122.png" alt="™" class="wp-smiley" style="height: 1em; max-height: 1em;" />, the world&#8217;s first family office LLM, we are embracing cutting-edge technology and reshaping the future of family office management across the globe. AI is increasingly being deployed across businesses. While family offices have largely remained rooted in manual processes, with the integration of AI, they will undergo an unparalleled change, making them resilient and future-ready</em>.</p>



<p><em>With EtonGPT<img src="https://s.w.org/images/core/emoji/17.0.2/72x72/2122.png" alt="™" class="wp-smiley" style="height: 1em; max-height: 1em;" />, AtlasFive® can now parse and integrate data buried in more than 250 document types such as trust plans, estate plans, and partnership agreements. This combination of structured and unstructured data processing offers wealth managers the ability to gain a 2 to 4X increase in operational efficiency</em>.</p>



<p><em>EtonGPT<img src="https://s.w.org/images/core/emoji/17.0.2/72x72/2122.png" alt="™" class="wp-smiley" style="height: 1em; max-height: 1em;" /> will offer a foundational shift platform enabling family offices to elevate their legacy, strengthen corporate governance, and provide high value to the HNWIs and UHNWIs they serve</em>.&#8221;</p>



<p><strong>Timothy C. Macherone, Chief Operating Officer of Shade Tree Advisors LLC</strong>, said, &#8220;<em>I do not doubt that EtonGPT<img src="https://s.w.org/images/core/emoji/17.0.2/72x72/2122.png" alt="™" class="wp-smiley" style="height: 1em; max-height: 1em;" /> can be a potential game-changer.  In deploying the AI-based technology, which involved leveraging EtonGPT<img src="https://s.w.org/images/core/emoji/17.0.2/72x72/2122.png" alt="™" class="wp-smiley" style="height: 1em; max-height: 1em;" /> to automate our document organization and retention processes, we reduced human involvement by 50% and met our accuracy goals. Similarly, we see countless opportunities to unlock efficiencies in our legacy processes through the use of EtonGPT<img src="https://s.w.org/images/core/emoji/17.0.2/72x72/2122.png" alt="™" class="wp-smiley" style="height: 1em; max-height: 1em;" /> in many verticals, including calculating and posting mark-to-markets on private investments, logging invoice information, and summarizing estate planning documents</em>.&#8221;</p>



<p><strong>Andrew Hull, Chief Executive of Todd Family Office</strong>, said, &#8220;<em>AI is reshaping how we do everything at the Todd Family Office, and our partnership with Eton Solutions has been beneficial. We have faced challenges in fixing AI hallucinations and are worried about the potential misuse of these tech marvels. We&#8217;re working with Eton Solutions to pioneer a Responsible AI framework that harnesses the full power of AI with transparency, ethics, and trust at its core.  Together, we&#8217;re setting the standard for the future of AI for family offices</em>.&#8221;</p>



<p><strong>Stephen Hunt, Chief Executive Officer of Aglaia Family Office Pte. Ltd.</strong>, said, &#8220;<em>Aglaia Family Office is proud to be pioneering the setup of automated and AI-powered consolidated portfolio reporting and analytics solutions in Asia. Our commitment goes beyond just automation—we&#8217;re focused on the responsible use of AI, ensuring that its integration into our operations enhances not only efficiency but also strengthens timeliness and accuracy. EtonGPT&#8217;s early success reassures us that, with Eton Solutions, we&#8217;re on the right path</em>.”</p>



<p>As AI’s power is increasingly integrated into modern organizations, Eton Solutions recognizes cybersecurity challenges from traditional threats such as phishing, malware, and data breaches are expanding to include AI-based risks such as deepfakes, misuse, and algorithmic bias. To lessen or mitigate these risks, Eton Solutions is working with its Customer Advisory Board to introduce frameworks that encompass ethics, safety, transparency, trust, and security.</p>



<p>EtonGPT<img src="https://s.w.org/images/core/emoji/17.0.2/72x72/2122.png" alt="™" class="wp-smiley" style="height: 1em; max-height: 1em;" /> is designed to ensure a robust, secure, and ethical environment for family office operations.</p>
<p>The post <a href="https://nrinews24x7.com/etongpt-eton-solutions-innovative-generative-ai-platform-tailored-for-family-offices/">EtonGPT™: Eton Solutions&#8217; Innovative Generative AI Platform Tailored for Family Offices</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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