Betting big on the Digital India initiative launched by the Government of India, California-headquartered enterprise digital solutions provider Infostretch is planning to foray into Indian market with its digital and cloud-based services for businesses.
With its presence in North America and Europe by catering to Fortune 100 companies in the US, the company now looks to foray into Indian market. The company is also planning to double its Indian headcount to over 1,200 in the coming two years.
Infostretch has so far tested more than 250,000 apps, managed 30 million test cases and deployed over 100 apps in the cloud at its two development centres in Ahmedabad and Pune. The company leverages a combination of technology, processes and expertise to help enterprises accelerate the execution of their digital strategy with less risk. Infostretch has its 20 per cent revenues coming from Europe and 80 per cent from the US.
“With this foray into Indian market, initially we will cater to some of our global customers, who have operations in India. In next few years, we see dramatic growth in new generation technology-based solutions in software automation, Internet of Things (IoT) systems and Artificial Intelligence. We are planning to double the engineering team at our India operations to meet the needs of rapid growth,” said Rutesh Shah, Chief Executive Officer and co-founder, Infostretch. Shah along with his partner set up Infostretch in 2004 with self funding.
The company, while focussing on Cloud-based connected technologies to enable new business solutions in finance, healthcare, retail and hospitality industries, also looks at a good potential in the Smart City projects from the enterprise business side.
Infostretch has been growing at a rate of 40 per cent year-on-year, while it looks to nearly doubling the revenues from current US $50 million to about US $85-90 million over the next two years, with Asia Pacific contributing about 10-20 per cent to it.