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Yash Birla Group Acquires 51% Stake In Mansycom Consultants

30 June, 2011

Mumbai-based Yash Birla Group has acquired 51 per cent controlling stake in the Noida-based knowledge process outsourcing firm Mansycom Consultants Pvt Ltd for an undisclosed amount.

Through the acquisition, the group seeks to leverage the latest building technology solutions offered by Mansycom Consultants. The company provides a real-time linkage between design, estimates and construction schedule in order to control cost escalations and reduce delays in project implementation.

Mansycom’s clientele includes real estate, construction and infrastructure companies like Ambuja Realty, Panchshil Group, Indiabulls Real Estate, Neelam Hotels, Nish Developers, Unitech, Omaxe, Era Infrastructure, Vatika Group, NBCC Ltd, CPWD, etc.

“For several years, Mansycom has focused on building a team of specialists with experience in planning, design and construction. By acquiring the company, we will leverage their capabilities to provide our clients with maximum design and cost efficiencies,” said P.V.R. Murthy, group finance director of the Yash Birla Group.

“By showing a complete design in a photorealistic way, we can efficiently communicate with all individuals involved in the project. Plus, we can arrive at solutions to complex issues faster,” added Murthy.

The Yash Birla Group is a diversified conglomerate that operates in auto and engineering, textile, chemicals, wellness, lifestyle, education, IT, power, electrical, infrastructure, trading and financial services sectors.

The current deal comes after the group acquired 70 per cent stake in Kolkata-based Aircon Engineering Services for $2.21 million in May this year. Aircon has been renamed Birla Aircon Infrastructure after the acquisition and operates across segments like residential and commercial properties, multi-speciality hospitals and international schools.

 


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Yash Birla Group Acquires 51% Stake In Mansycom Consultants

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