Kudos to Zeus and to Banerjee Sir !!
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Zeus Numerix Pvt Ltd, an engineering design services company incubated
at IIT Bombay, has received Rs 2 crore ($500,000) funding from a group
of high-net worth individuals led by investment bank Saltrock Advisors
Pvt Ltd. Zeus is founded by a group of IIT-B professors and students.
The company has the backing of 10 years of R&D at Dept. of Aerospace,
IIT Bombay.
Zeus was founded in August 2004, and it specialises in computational
fluid dynamics (CFD) tools and services. It has a global customer base
across a diverse set of industries, including aerodynamics,
automobiles, missiles/rockets, nuclear reactors and buildings,
electric fans & motors etc. The company owns a proprietary platform
and series of intellectual property in this domain. According to a
release issued by the company, Zeus Numerix had been profitable since
its inception, and had risen from a revenue base of Rs 20 lakh in
2004-05 to Rs 2 crore in 2007-08.
The company was the brainchild of Prof. Gopal R. Shevare, who is a
Director (Technology) and Professor of Aerospace at IITB.
The chief
architect behind technology integration and its commercialisation is
Dr. S. Banerjee, who is the Chairman of Zeus Numerix. He is a former
director of SAIL and National Metallurgical Lab, and an expert on
Innovation Management at School of Management, IITB
The company has delivered solutions to a variety of customers such as
the Government of India defense and nuclear establishments (ARDE,
DRDL, BARC, IGCAR etc), Larson & Toubro, Usha Fans, Mahindra &
Mahindra, International Technology Cooperation Center (S. Kroea),
EADS(Airbus) (France), and others.
“We notice the market opportunity for Engineering Design Services and
are confident that Zeus Numerix will be able to capture a significant
global customer profile by levering its intellectual property
inventory and solution driven approach,” said Girish Narasimhan,
Managing Director, Saltrock Advisors Pvt Ltd.
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To relive the fond memories we have had with Banerjee Sir in his Technology/Innovation Management classes, read apna pyara Bhillager's blog post
HERE.