HSMC expects Rs.1,000-Crore Revenues by FY18

Hitachi Systems Micro Clinic (HSMC) has said that it expects revenues to grow from Rs.350 crore in FY 2015 to Rs.1,000 crore by 2018. The company has registered a CAGR of 58% in revenues over the last three years, making it one of the fastest-growing mid-sized IT companies in India. HSMC has also said that it expects revenues in the current financial year to exceed Rs.600 crore, buoyed by strong growth in cloud and cybersecurity businesses.

HSMC caters to the government, private and public enterprises, and the growth over the past year is attributed to a growing demand for cybersecurity services, largely in the public sector. The Indian Government has made it mandatory for all the ministries and listed companies to have a security policy, which has led to increase in the company’s client portfolio. HSMC has also been a key player in the cloud computing industry since 2008 and is helping its clients move from CAPEX (Capital Expenditure) to OPEX (Operational Expenditure) model.

Tarun Seth, Managing Director, Hitachi Systems Micro Clinic, said, “A rapidly-growing enterprise adoption of cloud computing and cybersecurity has put us in a great position to continue our above-average growth. We are also looking to launch new strategic initiatives and target new customer segments as we work towards making our ‘Mission 1,000 Crore’ a reality.”

HSMC is present in 19 Indian cities and has close-to 180 service locations for their B2C clients. They have created a separate wing that works closely with Amazon, Oracle and Microsoft to help the customers optimize cloud apps based on their requirement.

Seth added that HSMC will launch a Security Operations Center (SOC) and Remote Monitoring Services for Security and will expand operations to reach more industries like Pharma and Retail, amongst others.

HSMC currently serves diverse IT requirements for industry portfolios, including government, banking and finance, IT and ITeS, manufacturing, retail, Automobiles, travel, among others. The company’s clients include marquee names like Samsung, MakeMyTrip, JK Tyre, Apollo Hospitals, Aircel, Reserve Bank of India, L&T and Tata Motors.

HSMC said that it will leverage its strong global brand equity and long-term relationships with the key OEM vendors such as HP, Hitachi Data Systems, McAfee, Microsoft and Cisco, among others, to sustain its above-average growth. The company is also looking to reshape its business portfolio as it transforms from a distribution and hardware player to a services and solutions provider. 

“We expect cloud business to contribute to 50% of our revenues by 2020, growing from a 5% share at present. We are also best suited to take advantage of the ‘Digital transformation’ phenomenon, wherein companies are moving away from investing in infrastructure to operating via Cloud. Also, there will be special focus on the start-up community given the market shift, as many start-ups are running only via cloud services,” Seth added. 

HSMC has recently started two new business segments – Security Incident & Event Monitoring (SIEM) Services and HP Managed Services. The company has also invested in SOC and Remote Monitoring Services for Security and plans to launch the services in the coming weeks. HSMC has recently tied up with the Japanese firm Spline Network Inc. to launch TonerSaver in India. 

This year, the IT services company also completed 25 years of expertise as an end-to-end IT systems integrator.