Business Economy


Alekta Solutions unveils ‘Pinaka’, a next-gen AI-powered SaaS platform in Hyderabad

Hyderabad, July 1 (UNI) Alekta Solutions, the US-headquartered technology consulting and product development firm, marked a major milestone in its global expansion strategy with the pre-launch celebration of its flagship SaaS platform, 'Pinaka', at the exclusive ‘Pinaka Stellar’ event held in Hyderabad.
Founded in 2016 by seasoned tech entrepreneur 'Shravan Kumar Bele', Alekta Solutions has rapidly emerged as a forward-thinking technology partner, with a strong presence in the US and growing operations in Asia, the IT company said in a release here today.
The company’s latest innovation, Pinaka, represents a strategic leap in empowering businesses worldwide through technology-led transformation.
Pinaka is a next-generation, AI-powered SaaS platform that seamlessly integrates Enterprise Resource Planning (ERP), Point of Sale (POS), fintech solutions, and AI-driven business intelligence.
Designed to provide business owners and enterprise leaders with unified control, operational efficiency, and real-time insights, Pinaka is poised to serve a diverse range of sectors including retail, hospitality, and multi-location enterprises.
Speaking at the event, Mr. Shravan Kumar Bele, Founder & CEO of Alekta Solutions, said "With Pinaka, we are introducing a product that is not only technologically advanced but also deeply aligned with the practical needs of modern businesses. Our investment in India reflects our belief in its dynamic talent ecosystem and fast-growing market potential. This launch is just the beginning of a larger vision to empower businesses globally with intelligent, scalable solutions."
Alekta Solutions has already invested close to $1 million USD in its Indian operations and product development, with plans to invest an additional $6 million USD over the next three years. This growth roadmap focuses on expanding across IT, hospitality, and real estate sectors throughout India.
In a strategic move to strengthen its footprint in Asia Pacific, Alekta has partnered with 'Affluence Consulting' as its exclusive service partner for APAC, paving the way for future rollouts in India, Singapore, and the United States.
Commenting on the partnership, Mr. Vijay Nadipineni, Founder & Managing Director of Affluence Consulting, said: "Together, we aim to set new standards for technology adoption and operational excellence across the APAC region."
The ‘Pinaka Stellar’ event showcased a live demo of the platform, keynote sessions with Alekta leadership, and interactions with global partners and business leaders.
UNI KNR RN
More News

Union Minister for Coal and Mines visits Eastern Coalfields Limited

13 May 2026 | 11:06 PM

Sanctoria (WB), May 13 (UNI) union Minister of State for Coal and Mines Satish Chandra Dubey on Wednesday emphasised the need for balancing coal production with environmental responsibility and encouraged the adoption of modern, sustainable, and eco-conscious mining practices.

see more..

Countries tapping into oil inventories, strategic reserves at 'record pace': IEA

13 May 2026 | 10:50 PM

Paris, May 13 (UNI) Counties worldwide are now tapping into oil inventories and strategic reserves at a "record pace" due to the "unprecedented" supply disruptions caused by the ongoing Iran war, the International Energy Agency said today.

see more..

Global oil reserves see massive reduction amid Strait of Hormuz disruptions; threaten future price surges – International Energy Agency

13 May 2026 | 7:03 PM

Paris, May 13 (UNI) Global oil reserves are shrinking rapidly due to the disruptions caused by the ongoing US-Israel war against Iran, as well as posing the threat of further oil price surges in the near future, the International Energy Agency (IEA) has warned.

see more..

TVS Motor records 30 pc revenue growth, 40 pc growth in Operating PBT in FY 2025-26

13 May 2026 | 5:52 PM

Chennai, May 13 (UNI) Two and three wheeler makers TVS Motor Company on Wednesday announced that it has posted a highest ever revenue for the 2025-26 fiscal at Rs. 47,270 crores registering a growth of 30% as against Rs. 36,251 crores recorded in 2024-25.

see more..

Sensex, Nifty snap four-day losing streak; metal stocks lead gains

13 May 2026 | 5:42 PM

New Delhi, May 13 (UNI) The Indian Stock Market on Wednesday ended marginally higher after four days of consecutive losses. Strong gains were witnessed in metal, oil-linked, and select heavyweight stocks, offsetting weakness in IT and auto shares.

see more..