Bodhtree Consulting has entered into a strategic partnership with Infosys as an Application Service Provider “ASP”, wherein the clients of Infosys will have an option to utilize GSP platform of Bodhtree Consulting for their GST filings. The size of the project could be over Rs.200 crore and we are working towards realizing these revenues in the next three years.
GSPs (GST Suvidha Provider) and ASPs will provide the much-needed support to taxpayers in the IT ecosystem for GST filings and other related GST compliances. ASPs will focus on taking taxpayers’ raw data on sales and purchases and converting it into the GST-compliant returns. These GST returns will then be filed on behalf of the filer with GSTN via Bodhtree, as GSP. ASPs will act as a link between the taxpayers and the GSPs.
Besides, Bodhtree has announced its strategic relationship with Stratfit Technologies Pvt. Ltd (Stratfit) a company promoted by Daniel McKee, USA-based Celebrity trainer and Olympic-certified coach, Nagarjuna Akkineni, leading film personality, K. Sriram, Senior Professional and Entrepreneur, and G. Vamshi Raju, Entrepreneur. The relationship includes exclusive marketing rights, technology collaboration, and an investment through debt with an option to convert into equity. This would be a strategic investment to grow health and fitness business. Bodhtree will bring in its IT solutions capabilities to the table to strengthen the investment in this sector.
During the last financial year 2017, the company had garnered Rs.79 crore of revenues from its domestic and international business. The company boasts of partnerships with Mendix, Tableau, Informatica, Sungard, Oracle, Salesforce, IBM, Cisco, HP, ECCI Group and Redhat to deliver technologies and solutions for our clients. Bodhtree makes direct relations with many leaders in the sectors like Lattice Semiconductors, CISCO, VMWare, MCI, Dr Reddy’s Laboratories, ISB, HCL, Sun Pharma, Piramal, Johnson and Johnson, Sony, NTPC, CEAT and Snapdeal.
L. N. Ramakrishna, MD, said, “We are going to be midsized IT consulting and software services provider in the next three years. We have enough experience in the segments we are currently operating like cloud computing and data analytics, which would put us in to next growth cycle, we are expecting good growth from these two segments in the coming years.”
“Being acknowledged as a GST Suvidha provider by the Government was a moment of pride for us as we were one of the 34 companies in India, which were recognized to provide these services. Also, partnering with Infosys for their clients GST needs is another feather in our cap. This also gives us yet another chance to reach out to more clients and exhibit our expertise to them,” he added.
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