Latest news with #BONbLOCTechnologiesLimited
Time of India
3 days ago
- Business
- Time of India
BONbLOC Technologies launches state-of-the-art hub in AP
Vijayawada: In what could be an indication of Amaravati's growing clout in the IT sector, a leading blockchain technology firm in the world, BONbLOC Technologies Limited, set its foot in Andhra Pradesh with the launch of its state-of-the-art hub at IT Towers, Gannavaram. This marks a significant milestone in BONbLOC's strategic expansion across India, reinforcing its commitment to innovation, regional development, and customer-centric service delivery. The new facility is designed to serve as a high-performance offshore service centre. Curiously, BONbLOC has partnered with the state govt to launch advanced devices in APSRTC buses ahead of the state govt's launch of free travel services for women under Sthree Shakti from August 15. Speaking to the media after the inauguration, BONbLOC CEO Souri Govindarajan said that the BONbLOC Technologies developed the 'Spot Bus IoT device,' which will be installed in RTC buses as part of a pilot project. These devices will be launched in buses in Vijayawada, Guntur, Kakinada, Visakhapatnam, and Tirupati by chief minister Chandrababu Naidu, deputy chief minister Pawan Kalyan, IT minister Nara Lokesh, home minister Vangalapudi Anita, and revenue minister Anagani Satya Prasad in different locations. The CEO explained that these devices, equipped with specially installed 360-degree cameras, will enable real-time monitoring of RTC bus movements. The devices will assist in surveillance, emergency services, safety, and data management required for bus operations. The CEO stated that by providing AI-based services in govt programmes related to women empowerment and public service, the company aims to play a key role in the state's innovations. He said that the company will offer services in the pharma, health, automotive, retail, and food sectors. The CEO also announced that the company will soon establish a Centre of Excellence (CoE) in Vijayawada. He highlighted that BONbLOC is among the top ten blockchain companies known for innovative breakthroughs. He said that they are happy to expand BONbLOC, a rapidly growing company in the US, to Andhra Pradesh. He emphasised that their goal is to deliver high-quality software services to customers in less time and at lower costs. He assured that the company will provide help in projects related to artificial intelligence, blockchain, and IoT. He also noted that Andhra Pradesh, with opportunities for investments in IT and other sectors, has the potential to achieve economic growth of 2.4 trillion dollars. "BONbLOC's expansion in Vijayawada aligns with our mission to enable customers to realise unprecedented business value and is a testament to our dedication to becoming an advanced Information Technology company," said Govindarajan. He said that they are committed to doing whatever it takes to earn and build customer trust and satisfaction in our products and services. The event was attended by BONbLOC's director of corporate services, Jamunadevi Dayanidhi, and director of the public business unit, Sairam Matti. "We enable businesses to generate several million dollars in savings for our customers through supply chain visibility & agility, food & drug safety, wastage reduction, recall management, traceability, inventory turns, and regulatory compliance," said Jamunadevi. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.
Time of India
4 days ago
- Business
- Time of India
Global IT firm BonbLoc set its foot in Amaravati, to launch IoT services in APSRTC buses
BONbLOC Technologies Limited, a global blockchain firm, has launched its new hub in Gannavaram, Andhra Pradesh, marking a significant step in its Indian expansion VIJAYAWADA: In a move reflecting Amaravati's growing clout in the IT sector, global blockchain technology firm BONbLOC Technologies Limited has established its state-of-the-art hub at IT Towers, Gannavaram, Andhra Pradesh. This marks a key milestone in BONbLOC's strategic expansion across India, reinforcing its commitment to innovation, regional development, and customer-focused service delivery. The new facility is designed as a high-performance offshore service centre. BONbLOC has partnered with the state government to launch advanced devices in APSRTC buses ahead of the state's free travel services for women under the Sthree Shakti scheme, starting 15 August. Speaking at the inauguration, BONbLOC CEO Souri Govinda Rajan said the company has developed the 'Spot Bus IoT device', which will be installed in RTC buses as part of a pilot project. The devices will be launched in buses in Vijayawada, Guntur, Kakinada, Visakhapatnam, and Tirupati by chief minister Chandrababu Naidu, deputy chief minister Pawan Kalyan, IT Minister Nara Lokesh, Home Minister Vangalapudi Anita, and Revenue Minister Anagani Satya Prasad at different locations. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Access all TV channels anywhere, anytime Techno Mag Learn More Undo These devices, equipped with 360-degree cameras, will enable real-time monitoring of RTC bus movements, assisting with surveillance, emergency services, safety, and operational data management. The CEO said BONbLOC aims to provide AI-based services in government programmes related to women's empowerment and public services, playing a key role in state-level innovations. BONbLOC will also offer services in the pharma, health, automotive, retail, and food sectors. Rajan announced that a Centre of Excellence (CoE) will soon be established in Vijayawada. He added that BONbLOC is among the top ten blockchain companies globally known for innovation, and expressed pride in expanding the US-based company to Andhra Pradesh. The CEO emphasised the company's goal of delivering high-quality software services efficiently and cost-effectively. Rajan acknowledged the support of the state government and assured that BONbLOC will provide satisfactory services in AI, blockchain, and IoT projects. He also highlighted the company's contribution to the Andhra Pradesh government's Swarnandhra Vision-2047 and noted that the state has the potential to achieve economic growth of $2.4 trillion. 'The expansion of BONbLOC in Vijayawada aligns with our mission to enable customers to realise unprecedented business value and demonstrates our dedication to becoming a leading IT company,' he said, stressing the company's commitment to earning customer trust and satisfaction. The event was attended by BONbLOC's Director of Corporate Services, Jamunadevi Dayanidhi, and Director of the Public Business Unit, Sairam Matti. 'We enable businesses to generate millions of dollars in savings through supply chain visibility, food and drug safety, waste reduction, recall management, traceability, inventory optimisation, and regulatory compliance,' said Jamunadevi. BONbLOC is a Great Place to Work certified company and one of the top ten innovative blockchain companies to watch in 2023. It was ranked #1448 on the INC5000 list for 2025, recognising America's fastest-growing private companies. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.
