Bodhtree eyes Rs.150-crore revenues from Enterprise Solutions business
Bodhtree has built a sizable business in cloud applications, enterprise solutions and supply chain management solutions in the last two decades. The company enjoys good relationship with large enterprise software solutions corporates like Oracle, Microsoft, Cisco, IBM, HP, Tableau, Informatica, Mendix, Sunguard and Salesforce for implementation of solutions. With this, Bodhtree has emerged as one of the best in Systems Integrator players in the country.
Bodhtree is currently working with the leading corporates from across sectors like healthcare & life sciences, financial services, government, hi-tech, manufacturing and education. The company has been actively working on cross-selling its multiple products and service offerings like cloud computing, analytics, big data, artificial intelligence, etc.
The company’s effort in ramping up expertise in the last three years is going to pay off well during the current year with good growth rates in both revenues and profits.
After signing marquee clients like Indian Coast Guard for implementing Oracle enterprise solutions, the company is confident of taking the business to Rs.150-crore business under this enterprise solutions segment in the next three years. In the last financial year, the company reported Rs.25-crore revenues from this segment, which would grow to Rs.150 crore in the next three years. There is a potential of building up strategic clients with focussed approach, who can contribute upwards of Rs.5 core per client in the coming years. We are working on a model, wherein we will strengthen our relationships with existing clients to achieve this target.
GST is also going to drive the business of enterprise solutions in India. This has made the integration of businesses across the country flawless for better compliance of GST, which is very crucial for growing and large organizations.
On the other hand, Bodhtree’s GST Suvidha Provider business has picked up very well in the last two months of its implementation. The company has projected Rs.10-crore business from GST during the current financial year and is expected to take this to Rs.50-crore business in the next three years.
Commenting on the development, L.N. Rama Krishna, Managing Director, said, “Our investment and experience in the segments like enterprise solutions and GST service is finally paying off. With these encouraging results in these two segments, we are very confident to achieve our target of reaching these revenue figures in the next three years.”
Tags: Bodhtree, Enterprise Solutions business, bodhtree in cloud applications, supply chain management solutions, large enterprise software solutions corporates, bodhtree varindia, Bodhtree GST Suvidha Provider business, gst
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