The large Indian firm joins the Spanish group Kiatt in the ownership of Benvira, a company that has exponentially multiplied its market value thanks to the development of a predictive algorithm that will boost industrial competitiveness through the use of Big data and the IoT.
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The technology developed by Benvira allows companies to revolutionarily improve their industrial efficiency, saving millions in costs in their production processes, increasing job security and extraordinarily boosting competitiveness.
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Thanks to technological integration, it is estimated that industries save up to 45% in maintenance costs and a total of 80% for unplanned maintenance.
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This alliance consolidates the determined commitment of large multinationals to invest in new technological companies, both for the great returns they generate and for being the best way to position themselves among the companies that will lead the industry during the coming decades.
Madrid, December 21st, 2022. The Aditya Birla Group (ABG), with a business volume of more than $60 billion and 140,000 employees, is part of the prestigious Fortune Global 500 club, where the world’s largest companies are located by level of billing. Known as “The queen of raw materials” for being a world leader in the textile, telecommunications and cement sectors among many others, it has recently partnered with a Spanish company that develops scientific and technological companies, called the Kiatt group, to enable the incorporation of disruptive technology in its companies and continue to be the world leader in raw materials.
To this end, it has become a shareholder in Benvira Forward Algorithms, a Spanish-owned company that develops, through innovative predictive algorithms, sensors with unique technology in the world and a large number of industrial applications. For example, it has created sensors that predict errors, breakages and failures of any automated equipment detected in real time, saving millions of euros in maintenance and occupational safety costs, among others. There are many sectors that are already committed to the integration of this technology, including textiles, bio-sanitary and cement, where it already has a list of industrial orders that is equivalent to sensorizing three times all of Spain’s annual demand.
The multinational ABG works to lead these industries of the future, as highlighted by the CEO and co-founder of Benvira, Prashant Garg «Our technology company, Benvira, has successfully implemented the world’s first smart cement mill. The sensors, through patented algorithms, detect and predict wear in machinery, reducing maintenance stops by more than 50% and saving millions of euros for UltraTech Cement, a company of the Aditya Birla Group that produces up to 96 million tons of cement per year – 4 times the annual production of Spain-.»
This new technology saves up to 45% in maintenance costs, 80% for unplanned maintenance, and up to 10% in energy use in the case of cement plants, a safe investment in competitiveness and profitability through innovation that will surely revolutionize the market.
* “The commitment of companies to disruptive technology like Benvira’s represents a competitive advantage and an extraordinary improvement in the market position for companies that want to lead the future,” says Manuel Fuertes, CEO of Kiatt Group and who has made this alliance possible.*
Kiatt Group, after more than 20 years of experience in the sector of investments and acquisitions of newly created scientific and technological companies, has set a trend in this industry of innovative companies. Its alliance with Aditya Birla consolidates the determined commitment of large multinationals to invest in new technological companies, both for the great returns they generate and for being the best way to position themselves among the companies that will lead the industry in the coming decades.
Aditya Birla Group is on the Fortune Global 500 List. With a turnover of $60 billion, and 140,000 employees of 100 different nationalities, the Group is built on solid foundations of social value creation. With more than seven decades of responsible business practices, its businesses have grown to become a global leader in a wide variety of sectors: metals, textiles, coal, telecommunications and cement. More than 50% of the Group’s revenues are spread across 36 countries in North and South America, Africa and Asia.
ABOUT BENVIRA https://www.benvira.com/
Motto: “See” the future today. Founded in 2017, headquartered in London, it has main offices in Nagpur, Maharashtra, India, and in Madrid, through the private technology transfer firm Grupo Kiatt. Our technology: AFA* (Advanced Forward Algorithmic) is a unique artificial intelligence solution on the market, based on patented algorithms. The implementation of this technology makes it easier for companies to save energy, time and costs, controlling risks and unforeseen events and also minimizing workplace accidents. AFA* can help record up to 82% fewer machinery and technology failures, 30% savings in maintenance costs, 50% less time spent on maintenance and 85% fewer workplace accidents.
KIATT GROUP (Knowledge, Innovation, And Technology Transfer) https://kiatt.com
KIATT was born in Oxford and Bristol in 2003 with the mission of addressing great challenges through the transformation of science and technology into global and sustainable solutions. With more than 20 years of experience in the investment and acquisition sector in scientific and technological companies, Kiatt has a presence in Europe, the Middle East and Asia-Pacific, and is dedicated to achieving maximum efficiency and profitability in companies through integration and acquisition of innovative technology to position them as the leading companies in the market.*
Currently, the Kiatt group, through its private investors club, already manages the assets of more than 100 large fortunes who trust in its management and are committed to the science and technology sector and who guarantee, through the inherited methodology from the University of Oxford, generating enormous profitability in the firm’s new projects.
