Hitachi’s IT services firm keen to expand banking sector solutions

Updated - January 16, 2018 at 12:56 AM.

Eyes ₹1,000 crore total revenue mark by March 2018

Hitachi Systems Micro Clinic, a Hitachi Group company, is looking to expand its offerings to the financial sector among others and expects this segment to account for at least 8-9 per cent of its overall revenues in the next two years, a top official said.

The IT services company, which has completed 25 years of existence, is eyeing ₹1,000 crore overall revenue mark by March 2018, Tarun Seth, Managing Director, Hitachi Systems Micro Clinic, said.

“Currently, financial services account for small share (less than 1 per cent) of our overall revenues.

“We want to grow this to 8-9 per cent levels. We are working with both public and private sector banks,” Seth told

BusinessLine here.

Cloud services and data security-based solutions are a few areas that the company would focus on in the financial services space, he added.

The government’s recent demonetisation announcement on high value notes is only expected to boost business for the company, given the increasing digitisation drive in interior India.

Published on December 7, 2016 17:18