Yash Birla Group acquires Mansycom Consultants
In a bid to secure a strong foothold in India’s fast growing infrastructure sector, Yash Birla Group has acquired 51% controlling stake in leading KPO company Mansycom Consultants Pvt Ltd which specializes in 3D Building Information Modeling Technology and virtual construction domain. Mansycom Consultants specializes in development of 3D BIM virtual models of real estate, construction & infrastructure projects to maximize efficiencies and profit. Aside from changing design, the company offers latest technology solutions to builders/architects to discover clashes and other construction errors early in the design process rather than in the field. The company’s clientele includes top-of-the-line real estate, construction & infrastructure companies including Ambuja Realty, Panchshil Group, Indiabulls Real Estate, Neelam Hotels, Nish Developers, Unitech, Omaxe, Era Infrastructure, Vatika Group, NBCC Ltd, CPWD, etc.
Through the acquisition, Yash Birla seeks to leverage the latest building technology solutions of Mansycom Consultants Pvt Ltd that provides architects/designers and all the stake holders a real-time seamless linkage between design, estimates and construction schedule in order to control cost escalations and reduce delays in construction project implementations even before a construction company takes the shovel to the ground.
For Yash Birla Group, Business Information Technology is a key strategic growth area as there is a strong demand from organizations interested in new strategies and techniques that reduce structural conflicts, counter aesthetic challenges in order to minimize cost escalations and delays in construction project implementations.
Announcing the acquisition of Mansycom Consultants, PVR Murthy, Group Finance Director, The Yash Birla Group says, “We are happy to add the expertise of Mansycom Consultants Pvt Ltd to our offerings. Mansycom is one of the few companies to utilize computerized building information model (BIM) technology at the start of each project as the foundation of a pre-construction collaboration with clients, removing the guesswork by identifying problems early rather than at the jobsite. For over several years, Mansycom has focused on building a team of specialists with experience in planning, design and construction, and by acquiring the company we will leverage their capabilities to give our clients maximum design and cost efficiencies.“
Yash Birla Group will employ Mansycom latest advances in Building Information Technology of managing and communicating sufficient design information so the general contractor, builder and client all understand the exact parameters and constraints of a project. “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,” explains Mr. Murthy. These services help in reducing construction cost between 3% to 5% and speedy implementation of projects cutting the construction time from 8% to even 20%. With massive construction & infrastructure activity going on in the country & abroad and increasing emphasis on saving cost & time, there is vast scope for these specialized niche services being provided by Mansycom Consultants Pvt Ltd, he noted.
Mr Murthy further pointed out that the construction industry continually faces daunting challenges of economic pressures, fluctuating product prices for materials such as concrete and steel, and the dilemma of what new technologies warrant investment. As a result, estimating discrepancies as well as costly and time consuming change orders would often impact the overall profitability of the project for the builder. These issues, however, can simply be avoided by building the project virtually before construction begins in the field. Mr Murthy says the big savings come from construction errors caught during the design phase. More accurate drawings for houses also lessen the time a design takes to get to market.
Recently, Yash Birla Group acquired controlling stake in Aircon Engineers Pvt Ltd, Kolkata which is in involved in executing roads, bridges and various other infrastructure & construction projects; as a strategic diversification.