00:00The name of that company is Navic, very different from IBS software. Navic stands, you can relate that to navigation,
00:10navigator, somebody who is leading the way, leading the path.
00:14That's what we are announcing. There are some similarities. And today, again, the same thing. Navic, a new company that
00:23we are announcing at a much bigger scale,
00:25I would say 40 times as big as the number of headcount and probably about 100 times as much as
00:31the capital investment or the spending that we will be making.
00:36But what has not changed is the purpose as well as the focus. What is Navic? What will Navic do?
00:46Navic, we position as a vertical AI company for the travel sector.
00:52A vertical AI company for the travel sector. That's what Navic will be. And what it means is that it
01:00will work only for the travel sector.
01:03It will be an AI specialist. And Navic will be the trusted partner for the travel industry in their transition
01:12towards an AI-led world.
01:16That's what Navic is. So our core purpose, as well as the purpose, as well as the focus is not
01:25going to shift, but the scale is going to be quite different.
01:29And the strategy of Navic is again simple by the use of AI technology, which is important, which is impactful,
01:36as Rajesh mentioned.
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