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Investment: Entigrity forms Rs.150cr partnership with Gujarat Government

Fiinews by Fiinews
June 23, 2022
in Investment
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State policies help companies build infrastructure and hire talent

Ahmedabad-based Entigrity Pvt Ltd, a global leader in outsourcing for accounting firms across North America and the United Kingdom, has entered into a Rs.150 crore partnership with Gujarat Government.

Entigrity signed a Memorandum of Understanding (MoU) with the State Government on 20 June 2022 under its IT/ITES policy 2022-27.

As part of the Government’s IT/ITeS policy 2022-27 and under the MOU, the company intends to invest up to Rs.150 crores in the coming 3 to 5 years and generates 3,000 employment opportunities across Gujarat.

“These policies will really help companies like ours in building infrastructure, hiring right talent and being more globally competitive,” said S. Parikh, Founder and CEO of Entigrity.

“Our aim is to go to tier 2 cities of Gujarat and set up our offices there and generate progressive employment opportunities for the youth of these cities.”

Started in December 2015, Entigrity has grown to more than 1,250 employees, with offices in 6 different cities of India, and offices in Houston and Toronto.

With its main office in Ahmedabad, the company plans to expand its presence to cities such as Rajkot, Baroda and Surat in coming years. Entigrity hired almost 700 people during the 2020-21 pandemic and grew by more than 100% in the last two years.

Parikh elaborated, “We have completely bootstrapped our business from scratch to scale and have never raised any funding from Investors or VC’s, and we would love to remain that way.

“We have had several investment offers over the years, however, our focus has been to grow profitably while prioritizing employee welfare and client satisfaction. Our core strength is our team.” fiinews.com

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Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

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