Hyderabad: US-based Jade Global Software launched a mid-enterprise IT services facility here, and said it has chalked out aggressive growth plans to reach its target of $100 million (nearly Rs 665.3 crore) revenue by March 2021.
The facility was inaugurated by Telangana IT Minister K T Rama Rao along with Karan Yaramada, CEO of Jade Global.
“This new 11,000 sq ft facility will help Jade ramp up its focus in the areas of analytics and information management (AIM), enterprise resource planning (ERP), managed services (MS), technology and engineering services (TES) and customer relationship management (CRM),” a company release said.
“We are essentially investing heavily towards enhancing our existing offerings and adding new facilities that will help ramp up our IT services to our growing list of mid-size enterprises worldwide.
“We are starting our Hyderabad centre with a capacity of 100 employees now. In the next five years, our goal is to increase this number by five-fold,” Yaramada said.
“We recently closed a deal with large Germany-based automobile company in India to automate their business processes. This deal will bolster our growth in the domestic market as we increase efforts to expand our client base in the Indian market.”
“With current revenues of $30 million, Jade Global has chalked out aggressive growth plans to reach its target of USD 100 million revenue by March 2021,” he said.
“Currently, we generate about 40% of total revenue from our India operations. Our plan is to increase the revenue contribution to 60% in the next two years.” Recently Jade Global established its footprint in Europe with a new office in the UK. “We are adding people everyday across three continents to augment our growth and expand our 600-member global IT Innovation team,” Yaramada said.
San Jose, California-based Jade Global is an advisory, integration, testing, cloud & consulting services, business solutions and IT outsourcing company.