Infotech, a mid-sized IT service provider ranked among Rs 2.87 lakh crore for hotel conglomerates by the ITC Group, expects the growth momentum of the last four quarters to continue in the future, which should help bring revenue closer to Rs 3,000 in the current fiscal year.
The company reported sales of Rs 2,454 in March 2021 and said it continued to grow at a steady 23% growth in the first half of the current fiscal year.
In collaboration with ET, Sudip Singh, MD and CEO of ITC Infotech said that due to the Covid-19 pandemic, the company is moving towards increased digitization in enterprises worldwide and is now seeking inorganic growth opportunities through acquisitions.
which has already started.
“ITC Infotech is very interesting. We are at the lower end of the mid tier but have very strong parental support. So when it comes to inorganic growth, the estimates are very broad, but we don’t limit our tastes,” says Singh. “Our only approach is focused on skills where we believe we are ahead of the curve.
He added that there was also executive support at ITC Ltd. to make something like a major acquisition, even though the focus is not on revenue growth, but simply to increase the opportunities that ITC Infotech has built over the past few years.
Singh, who acquired ITC Infotech less than three years ago, said his main focus was on simplifying the company’s structure, slowing down hierarchies and reducing the number of skills, and focusing solely on the skills that companies have historically built on strengths. in the.