GTT Data Solutions Limited, a leading provider of Dual Intelligence solutions that combine human expertise with advanced AI-driven technology, has announced significant developments from its Board of Directors meeting held on March 3, 2025. The company’s latest strategic moves, including acquisitions, a licensing agreement, and an equity issuance plan, are designed to enhance its capabilities, broaden its global footprint, and fuel sustainable growth. Under the leadership of Chairperson Dr. Ganesh Natarajan, GTT Data focuses on enhancing human intelligence through hybrid AI models, rather than replacing it.
The recent integration of Alpharithm Technologies and CRG Solutions marks a major step in expanding GTT Data’s AI-driven automation, analytics, and digital transformation capabilities. These additions will strengthen GTT Data’s ability to provide advanced solutions to global enterprises and fortify its market presence. Alpharithm, with its expertise in media software development, software consulting, and HR solutions, and CRG, specializing in advanced analytics and enterprise performance enhancement, will contribute to the company’s accelerated growth trajectory.
The Board has approved agreements to acquire a 100% stake in Alpharithm Technologies Private Limited (India) and Alpharithm Singapore Pte. Limited. The Alpharithm India acquisition, valued at approximately ₹15 crore, will be completed through a combination of cash and equity issuance, while the Alpharithm Singapore acquisition, valued at approximately ₹10 crore, is expected to be finalized in multiple phases by June 30, 2025, pending regulatory approvals.
To support these acquisitions, the Board has authorized a preferential allotment of fully paid equity shares worth ₹52.50 crore. This capital raise will be used to fund the stock swap transactions for both CRG and Alpharithm. The selling shareholders of the two companies will receive GTT Data shares at ₹130 per share.
Dr. Ganesh Natarajan, Chairperson of GTT Data Solutions Limited, remarked: “These strategic acquisitions and agreements are a major milestone in our mission to become a global leader in Dual Intelligence solutions. By combining AI-driven automation with human expertise, we are not just expanding our service offerings but also reinforcing our commitment to innovation, talent development, and transformative business practices. These steps will enhance GTT Data’s global presence and deepen our impact across industries.”
Additionally, GTT has entered into a Non-Exclusive License Agreement with Seed Infotech Limited, valued at ₹9 crore. This agreement grants GTT the rights to operate and expand its human intelligence initiatives, particularly focusing on training the next generation in data analytics and AI. Further, the Board has authorized the issuance of 1,91,61,915 partly paid-up equity shares under a previously announced rights issue to raise ₹49.82 crore.
As per regulatory requirements, the Board has also approved a proposal for the issuance of equity shares and/or convertible securities through a preferential allotment, subject to necessary approvals. Looking ahead, GTT aims to establish itself as the global leader in Dual Intelligence solutions by 2030.
GTT Data Solutions Limited is a publicly listed technology firm on the Bombay Stock Exchange, specializing in Dual Intelligence—integrating human and artificial intelligence to drive digital transformation. The company offers services in data engineering, advanced analytics, AI-powered automation, and IT service management, helping businesses optimize operations, enhance decision-making, and accelerate innovation. GTT Data is also a key player in workforce development, having trained over 2 million individuals and corporate clients in data management, analytics, and AI technologies.
