With Saha Fund’s record-breaking exit and renewed backing from marquee investors Dr. Ranjan Pai and Mohandas Pai, JoulestoWatts sets its sights on 3X revenue growth and global expansion in the next 18 months.
NFAPost, Bengaluru: In a landmark move that underscores India’s growing strength in the Global Capability Center (GCC) ecosystem, JoulestoWatts Business Solutions Pvt. Ltd. (J2W) has completed a strategic investor buyback, marking one of the most successful investor exits in the country’s business solutions sector.
The Saha Fund, India’s first women entrepreneurship-focused tech venture capital fund, has exited JoulestoWatts with an extraordinary 40× return on its 2016 investment—one of the highest multiples recorded in the Indian GCC space. The exit not only validates the company’s strong fundamentals but also reinforces its reputation as a leading innovator in enterprise-scale GCC enablement.
While Saha Fund exits, Founder & CEO Priti Sawant and long-term investor Manipal Education and Medical Group (MEMG) have doubled down on their commitment to J2W’s vision, signaling robust confidence in the company’s next phase of growth and platform innovation.
A Testament to Strategic Vision and Industry Leadership
Speaking on the milestone, Dr. Ranjan Pai, Chairman of Manipal Education and Medical Group (MEMG) and an early investor and mentor to JoulestoWatts, remarked:
“Today’s milestone validates our belief in JoulestoWatts’ strategic growth path, its visionary leadership, and the long-term value we see in the company. We are committed to guiding its continued success. As the only woman-led GCC-enabling company, JoulestoWatts has built a reputation as a trusted partner, enabling 300+ GCCs to scale globally. As GCC adoption accelerates, J2W is uniquely positioned to drive this evolution, leveraging its AI and tech expertise to capitalize on emerging opportunities.”
Echoing similar sentiments, Mr. Mohandas Pai, Chairman of Aarin Capital and an early backer of J2W, said:
“Years ago, we recognized Priti Sawant’s visionary approach to transforming the GCC landscape through technology-driven innovation. Her relentless pursuit of excellence and client-centricity has made J2W a market-leading success story. As we celebrate Saha Fund’s remarkable exit, we also celebrate the strength of Priti’s leadership and her ability to build enduring value.”
Empowering Women-Led Innovation
For Ankita Vashistha, Founder of Saha Fund, the exit represents more than just an investment milestone—it symbolizes the success of women-led entrepreneurship in India’s deep-tech ecosystem.
“Our 40× Multiple on Invested Capital (MOIC) on JoulestoWatts is a strong validation of our early confidence in Priti and her vision for the company,” said Vashistha. “It also reinforces our commitment to supporting women-led enterprises that are shaping the future of technology and innovation in India.”
JoulestoWatts’ Next Phase: AI-Driven Global Expansion
Commenting on the milestone, Priti Sawant, Founder & CEO, JoulestoWatts, said:
“This investor buyback is a proud moment for us and reinforces confidence in JoulestoWatts’ business model and vision. Saha Fund believed in us from the beginning and remained a steadfast partner through every phase of our journey. I am deeply grateful to Dr. Ranjan Pai and Mr. Mohandas Pai for their mentorship and strategic guidance, which have been instrumental in shaping J2W’s growth.”
Looking ahead, J2W aims to triple its revenues within 18 months, driven by AI-led transformation, expanded global operations, and a broader service portfolio.
Over the past nine years, J2W has evolved from a boutique consultancy into India’s largest GCC-focused digital business solutions provider, enabling over 330 GCCs and serving 70% of Fortune 500 companies across IT, BFSI, and healthcare sectors. The company boasts a 10x year-on-year revenue growth, 50% YoY increase in client signups, and a talent pool of over 5,000 consultants specializing in AI, cybersecurity, cloud, SAP, and data analytics.
About JoulestoWatts (J2W)
Founded in 2015 by serial entrepreneur and GCC pioneer Priti Sawant, JoulestoWatts Business Solutions Pvt. Ltd. is redefining how enterprises build, scale, and transform Global Capability Centers (GCCs). Headquartered in Bengaluruand operational across eight countries—including India, the US, UAE, Saudi Arabia, Singapore, Malaysia, and the Philippines—J2W empowers Fortune 500 and digital-native enterprises to evolve from cost centers into AI-powered Centers of Excellence.
Its proprietary AI Centram platform integrates ConsultingAI, TalentAI, XperienceAI, and EngineeringAI, delivering full-stack GCC enablement across the lifecycle—from greenfield setup to enterprise-wide transformation.
About Saha Fund
Founded in 2015, Saha Fund is the first global venture capital fund based in Bengaluru dedicated to investing in early-stage technology companies founded by women. A pioneer in women-focused investing, Saha Fund has backed and successfully exited several innovative startups, including Fitternity (acquired by CultFit), MyAlly (acquired by Phenom), Shoptimize (acquired by Graas.ai), and now JoulestoWatts, marking one of India’s most successful investor exits in recent years.
