Maruti buys stake in Sociograph Solutions

The investment is expected to help MSIL strengthen its offering by creating a customised sales experiences.

Autocar Pro News Desk By Autocar Pro News Desk calendar 23 May 2022 Views icon2391 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Maruti buys stake in Sociograph Solutions

Maruti Suzuki India has agreed to acquire 12.09 percent stake in Sociograph Solutions for almost Rs 2 crore.

The investment is expected to help MSIL strengthen its offering by creating a customised sales experiences on the web, virtual reality and augmented reality.

Sociograph Solutions is an artificial intelligence (AI) software company that specialises in a visual AI platform predominantly used to help enterprises improve sales experiences and improve efficiency in their business. SSPL works with leading enterprises in different verticals, delivering quantifiable Return on Investments by improving business metrics.

Sociograph Solutions’ turnover in FY22 is around 3.03 crore (Provisional) and the acquisition of stake in SSPL does not fall within related party transaction for Maruti Suzuki.

Also read
Maruti Suzuki India selects 5 new startups under innovation programme, total 14 startups selected till date
 

RELATED ARTICLES
Auto industry walks the safety talk at ICAT’s ADAS Show

auther Autocar Pro News Desk calendar08 Dec 2023

Forty-five companies including leading OEMs, Tier-1 manufacturers, as well as startups showcased their promising solutio...

Revealed: India-bound new Maruti Swift engine details

auther Autocar Pro News Desk calendar07 Dec 2023

New Swift’s Z12E engine gets pure petrol and mild hybrid options abroad; India launch in 2024.

Suzuki Motor Gujarat plant rolls out three-millionth car

auther Autocar Pro News Desk calendar06 Dec 2023

The three-plant facility which has a 750,000-units-per-annum capacity clocks new production milestone 6 years and 11 mon...