Dhuri to consider strategic acquisitions that align with long-term objectives
Mumbai-headquartered Decimal Point Analytics (DPA), a leading financial research and analytics firm with corporate offices in New York and Nashik, said the US$4.7 million secured from a GCC-based global insurance company is for expanding presence globally.
“With the investments, we are looking to expand our services in risk management, catastrophe modeling, actuarial services and others,” said Shailesh Dhuri, CEO of Decimal Point Analytics.
The capital raised will build DPA’s delivery capability, strengthen the team and create a next-generation technology platform to facilitate their client operations, he elaborated.
DPA has been rapidly increasing the number of employees in response to solid demand for its services.
The company expects the next growth phase to be facilitated from its recently opened operational centre in Gift City. It also has corporate office in Essex, the UK.
The focus is three-fold, the first is to continue adding fresh layers of solutions for their customers, such as CRM and ESG analytics.
Next is to build DPA’s technology platform that will act as RPA for data ingestion and data analytics.
Finally, consider strategic acquisitions of business operations that naturally align with the company’s long-term objectives.
“Over the past years Decimal Point Analytics’ ability to bring AI and ML in financial research has helped extensively transition to the new paradigm and see the growth momentum continuing in ESG and related field,” said Dhuri.
“Using the latest and innovative technology will enable our clients to achieve significant enhancement through quality, timeliness, and efficiency,” he said on 22 June 2022 in a release issued from Mumbai.
Decimal Point Analytics was formed in 2003 by senior professionals from the Indian Capital Markets and is a global provider of Research and Data Analytics products and services, including Machine Learning and Artificial Intelligence-based solutions.
Key client categories include Data Providers, Asset Management Companies, Private Equity Firms, Hedge Funds, Banks, Insurance Companies, and Broking Houses. DPA’s background and understanding of Financial Research and its strengths in Technology provide it an edge in effectively understanding and solving client problems. fiinews.com
