Asti InfoTech aims to raise $10–20 million, expand its footprints overseas

Asti InfoTech has announced its expansion in the oversesas market. The company aims to raise $10–20 million and achieve a break-even by Rs.5-7 crore this year, to strongly cement its overseas reach.

Based out of Bangalore, the company has its Sales offices in Delhi, Hyderabad, Pune and Kolkata. It aims to make the metro cities more conducive to an individual’s living condition, by ensuring a safer environment, transparency in operations, efficiency, better monitoring of fleet and proper check on wrongdoings to entail peace of mind. Unique tracking solutions designed by their team suit diverse customer needs, using advanced technologies and analytics. In the near future, Asti InfoTech also aims to develop a solution for on-premise tracking of contract employees, to ensure improved productivity and accountability.

Expansion plans to overseas markets like UAE prepares the path ahead to grow more than 100%, by eyeing an exponential rise in the next financial year. The company aims to become profitable by 2019 and tap 20-30% of the market in various verticals over the next five years.