Netsmartz Announces $20 Million Investment in Canadian Tech Expansion

Chandigarh

25 September 2024

DIVYA AZAD

Netsmartz, a global IT services company having development centers based in India at multiple strategic locations like Chandigarh, NCR, Pune and more, has announced the expansion of its operations in Canada, furthering its commitment to innovation and excellence in the North American market. With a presence in 10+ global locations for over 25 years, Netsmartz has grown to employ more than 1,000 professionals, providing comprehensive IT solutions and services to a diverse range of clients.

Netsmartz’s strategic expansion into Canada signifies a crucial step, emphasizing the country’s pivotal role in our global growth strategy. This strategic shift is about improving service delivery, strengthening relationships with local businesses, and investing in infrastructure and local talent to address clients’ needs better and integrate more effectively into the Canadian tech sector. Canada’s thriving technology sector, skilled workforce, and supportive business environment offer an ideal backdrop for enhancing Netsmartz’s global delivery capabilities.

Manipal Dhariwal, Co-founder and CEO of Netsmartz Group stated, “Over the next five years, Netsmartz plans to invest $20 million to enhance its infrastructure, research and development, and local partnerships. This investment aims to foster innovation, support local talent, and create numerous job opportunities within the Canadian tech industry.”

Mr. Stewart Wheeler – Acting High Commissioner of Canada to India said “We are delighted to welcome Netsmartz in Canada and have them join some of the largest Canadian software and AI companies. Canada has a diverse, highly educated and growing tech talent pool that continuously attracts investments from global businesses”

Manipal Dhariwal said “I sincerely thank Mr. Patrick Hébert – Deputy High Commissioner of Canada to India and Mr. Soumen Mondal – Trade Commissioner for investments at the High Commission of Canada in New Delhi for helping us navigate this opportunity. Their proactive support and advice have helped us making this crucial decision of expanding in Canada”

Netsmartz aims to establish additional offices in strategic locations across Canada, complementing our existing presence in Toronto & Vancouver. This expansion will allow us to serve our Canadian and US clients better and be closer to emerging technology hubs.   The expansion will focus on areas including Generative AI solutions, tailored tech and non-tech teams, DevOps and cybersecurity services, AI-powered SaaS solutions, sales acceleration, QA and automation testing, and accounting services, providing our clients a comprehensive suite of services.

Sanjay Agarwal, COO and CGO of Netsmartz, remarked, “Expanding our operations into Canada allows us to better engage with a region known for its strong technology sector and skilled workforce.  We aim to build meaningful connections with Canadian businesses, focusing on practical, collaborative efforts that benefit our clients and the local community. I am confident this move will bring significant growth and new opportunities.”

Leading the initiatives from Vancouver, Parth Gargish, EVP of Business Growth at Netsmartz, added, “Canada’s tech landscape offers a rich environment for growth and collaboration. We aim to support our clients with localized expertise and innovative solutions tailored to the North American market.