Avinash Vashistha moves on from neoIT

BANGALORE: Avinash Vashistha, neoIT's founder and managing partner for the last six years, today announced that he has moved on from neoIT to pursue his passion as a 'risk taker'.

Avinash also announced that he will be floating his new venture in the US, called Tholons Inc, an innovative vehicle for global private investments, advisory and management.

"In most deals, a lot of value and equity is left on the table. By engaging with the customer in a deep partnering relationship, Tholons will take the lead in assisting clients not only develop a strategy but also fund the business using private equity investments,” he said.

The author of the book 'The Offshore Nation, he is in the process of authoring another book on his experience with Fortune 100 clients and their business challenges in globalization.

Elaborating on the business model of the new start up, Avinash said, "Instead of providing consulting and charging a fee for the services, Tholons will involve in equity based partnership model that delivers returns based on set milestones. Therein, lies the risk, and, that is the part I most look forward to."

Avinash is in the process of hiring a team and setting up offices in US, Europe and Asia. The name of this venture, Tholons, is significant and has the essential 'global flavor'. Tholons is one of Lord Shiva's names in Tamil as well as an ancient town in France, the lineage of which can be traced to Roman times.