Mordor Intelligence acquires majority stake in Global Market Insights

Mordor Intelligence: Hyderabad-based Mordor Intelligence has acquired a 51 per cent equity stake in the Global Market Insights (GMI) Group. The deal, which was sealed for an undisclosed amount, signifies Mordor Intelligence's growth vision and long-term plan to meet the evolving demands of its clients.

The company aims to further strengthen its position by expanding its stake to 76 per cent by March 2024. This move is part of a larger strategy to achieve a turnover of Rs 400 crore in the next five years, cementing its status as a front-ranking player in the market intelligence industry.

Bharadwaj Reddy, Founder and CEO, Mordor Intelligence, emphasised the importance of this investment in meeting the growing demand for in-depth market intelligence. He stated, "Clients today want more in-depth market intelligence, and it requires significant investments in human capital over the long-term. We believe this new investment underscores our growth vision, and the tremendous opportunity ahead. We are now well-positioned to solve the demanding needs of the industry and to become a front-ranking player with expanded offerings."

Workforce tripling strategy

One of the key aspects of this strategic move is the plan to triple the workforce within the next five years, aiming to reach over 2,000 professionals from the current combined team of 750. Reddy emphasised that growth would be dynamic, driven by both organic and inorganic avenues, hinting that this acquisition is just the beginning of many more strategic moves on the horizon.

Charanjeet Ailsinghani, Founder, GMI, will continue to lead the company. Ailsinghani said, "The synergy with Mordor Intelligence will fuel rapid growth in business, drive innovation, and propel GMI to exceed Rs 100 Crores in turnover within three years."

Pune-based market intelligence firm GMI, along with its US subsidiary and 200 skilled professionals, specialises in delivering syndicated and custom research reports for strategic decision-making to 3,000 clients globally. Mordor Intelligence, with a team of over 550 professionals, has a track record, having delivered close to 10,000 market insight projects to over 6,500 clients, including 60 per cent of the Fortune 500 companies.

Together, the strategic alliance between Mordor Intelligence and GMI is aiming to continue serving clients across diverse industries, including Aerospace and Defence, Automotive and Transportation, Technology, Media and Telecom, Energy and Power, Food and Beverage, Animal Feed, Healthcare and Medical Devices, and Chemicals and Advanced Materials.