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Jade Global aims at $100 mn biz
Jade Global Software, a San Jose-based IT, cloud and consulting services company with a current revenue run rate of $30 million, has chalked out plans to reach its target of $100 million (around Rs 674 crore) revenues by March 2021, said its Founder and Chief Executive Officer Karan Yaramada.
Hyderabad: Jade Global Software, a San Jose-based IT, cloud and consulting services company with a current revenue run rate of $30 million, has chalked out plans to reach its target of $100 million (around Rs 674 crore) revenues by March 2021, said its Founder and Chief Executive Officer Karan Yaramada.
“Since the way we deliver IT services is changing, we plan to build intellectual property and package it with services to provide more value to our customers in the mid-sized enterprise market,” Yaramada told reporters here on Friday.
The 13-year-old company, which has presence in three continents across seven geographical locations, opened its third global development centre in Hyderabad on Friday. Jade currently employs 350 professional at its Pune centre and 50 in Noida facility.
The 11,000-sft mid-enterprise IT services facility in Hyderabad will help Jade sharpen its focus on analytics and information management, enterprise resource planning, managed services and technology and engineering services, and customer relationship management.
Stating that with over 1,300 IT and ITeS companies, Hyderabad has the right combination of infrastructure and human resources to aid to the growth of the company, Yaramada said Jade found Hyderabad a perfect place to encourage entrepreneur mindset and foster innovation.
“We are starting our Hyderabad centre with a current capacity of 100 employees. Our goal is to increase this number five-fold over the next five years,” he said. Jade Global, ranked in the Inc 5000 list as the fastest-growing private companies in the US for five consecutive years, currently has a global clientele base of 100.
It recently closed a deal with a large Germany-based automobile company in India to automate their business processes. This deal will bolster Jade’s growth in the domestic market as it increases its efforts to expand its client base in the Indian market, according to him.
“Currently, we generate about 40 per cent of our total revenues from our India operations. Our plan is to increase the revenue contribution to 60 per cent in the next two years,” Yaramada added.
