In the statement, quoted by the Sun Journal, Dhar said his company recognises that tech support frauds are a real issue in the US and as a "responsible industry leader we have been working with authorities in both countries to counter the issue.
The company, iYogi, made a splash when it looked to the US to create up to 300 jobs in partnership with a call center operator in Maine. The July announcement was big enough news that Gov Paul LePage attended the event in Lewiston.
Besides expansion, the fund will be used to complete a high density data centre facility in Bengaluru and increase investments in cloud infrastructure, NxtGen said in a statement on Wednesday.
Founded in 2007, iYogi acts as your computer‘s online doctor and its team of 5,000 manages close to 2.2 million devices remotely from their headquarters in Gurgaon.
The SaaS platform will create new revenue opportunities for telcos, OEMs, technology retailers and BPO companies, and drive service innovation.
Speaking to CNBC-TV18, Upinder Zutshi, managing director of Infinite Computer Solutions, said, "We have guided about USD 40 million revenues only looking at that deal and the existing client, but the more interesting part is to extend that product platform and cover some of the other newer technology."
In an interview, Raghu Khanna from Cashurdrive spoke to the ad guru Prathap Suthan on the challenges, opportunities and scope lined-up for the company in the future.