Chennai: Digital engineering company Indium Software reported a 78% revenue growth achieving over Rs 230 crore in revenue in FY21-22. With the US contributing 75% of total revenue and the rest from Europe, Asia and India, Indium Software plans to hire more than 1500 employees next year to strengthen its digital transformation services.
Given the continued strong demand for digital transformation services and solutions, Indium expects to grow at a CAGR of over 55%, targeting Rs 600 crores in revenue, by FY23-24.
“To fulfil the growing demand, Indium would hire over 1,000 experienced professionals and expand its campus hiring program to onboard more than 500 fresh graduates over the next 12 months,” said Ram Sukumar, Co-Founder and CEO of Indium Software.
“We will continue to accelerate our investments in R&D as well as in partnerships with platform providers such as Mendix, Striim, Databricks, AWS, GCP and Azure,” added Sukumar.
During FY 21-22, Indium further expanded its offering with investments in Cloud Data Management, Advanced Analytics, and Game Development, resulting in the number of strategic clients (those with a revenue potential of $5 million and more) tripling to 6.
It strengthened partnerships with hyperscalers as well as Low Code and Cloud Data platforms, This has helped Indium earn 31% revenue from cloud-based offerings.
The company provides a wide range of digital transformation services, spanning Application Engineering, Cloud Engineering, Data Engineering and Analytics, Digital Assurance, and Low Code Development.