Tag: IT

Accenture Success Story – Largest Consulting Firm in the World

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In today’s world, technology has been a significant catalyst for a lot of change that we are experiencing daily. The world is now completely digital. Modern mornings begin with us having a check on our notification tab on our phones, and the day is wrapped up by finishing off all our tasks on our devices followed up by setting the alarm for the next day. The ability to “Work from home” is made feasible by electronic devices and technology, which we were bound to follow as per the covid circumstances, but now is a choice of most working professionals. All of it, at our fingertips, so comfortably, is possible because of technology that keeps updating itself every day.

Accenture is a multinational management consultancy and professional services firm that provides consulting, marketing, technology, digital and operational services. It was founded on September 1, 2009, in Dublin, Ireland, and is a Fortune Global 500 business.

Accenture-About
Accenture- Industry Details
Accenture-Founders & Team
Accenture-Startup Story
Accenture-Name, Logo, and Tagline
Accenture-Mission, and Vision
Accenture-Business Model
Accenture-Revenue Model
Accenture-Funding, and Investors
Accenture-Investments
Accenture-Acquisitions
Accenture-Competitors
Accenture-Future Plans

Accenture-About

Accenture provides Strategy and Consulting, Technology and Operations services, and Accenture Song, combining unrivaled knowledge and specialized capabilities across more than 40 sectors. These services are all supported by the greatest global network of Advanced Technology and Intelligent Operations centers. Every day, its 721,000 employees fulfill their promises of both human and technological inventiveness, providing services for clients in more than 120 countries. To generate value and shared outstanding customer experiences, employees, shareholders, partnerships, and communities, the organization embraces the power of change.

Production and Services provided by Accenture are as follows:

Artificial Intelligence
Business Process Outsourcing
Metaverse
Application Services
Automation
Business Strategy
Change Management
Cloud
Data & Analytics
Digital Commerce
Digital Engineering & Manufacturing
Ecosystem Services
Finance Consulting
Infrastructure
Marketing
Mergers & Acquisitions
Operating Models
Supply Chain Management
Sustainability
Technology Consulting
Technology Innovation
Zero-Based Transformation

Accenture- Industry Details

The IT services sector offers a range of products and services that assist businesses in managing and improving their information and operational operations. Managed services, security services, data management, and cloud computing are all part of the larger IT services business.

In 2022, the market for IT services is anticipated to generate US$1,114.00 billion in revenue.
The IT Outsourcing market category is expected to have a market value of US$395.00 billion in 2022.
By 2027, the market volume is anticipated to reach US$1,570.00 billion, representing an annual growth rate of revenue of 7.10% (CAGR 2022-2027).
In the market for IT services, the average Spend per Employee is anticipated to reach US$322.30 in 2022.
In comparison to other countries, the United States will produce the highest revenue (411.80 billion US dollars in 2022).

Accenture-Founders & Team

Arthur E. Anderson,Clarence DeLany & Steve Wick — Arthur E. Anderson, Clarence DeLany & Steve Wick

In 1989, Arthur E. Andersen, Clarence DeLany, and Steve Wick established Accenture.

Arthur E. Andersen

Arthur Edward Andersen (May 30, 1885 – January 10, 1947) was a Scandinavian-American accountant who founded Arthur Andersen LLP (now Accenture).

Clarence DeLany

Accenture was also co-founded by Clarence DeLany.

Steve Wick

Steve Wick is Accenture’s Founder and CEO of Content Aggregation and Content Analytics Platform (IT Agility).

More team members of Accenture include :

Ammy Anderson – CEO
Alex Pachetti – Chief of Staff to the Chief Executive Officer
Alexis Morel – Chief Executive Officer
Alix Hetteling – ANZ SAP CFO & EV Practice Lead
Amandeep Chhina – Team Lead (Management Consultant Level C)
Amrita Waingankar – Chief Medical Officer
Andrew Vo – Chief Human Resources Officer – Growth Markets
Annette Rippert – Group Chief Executive – Strategy & Consulting
Arlin Pedrick – Chief Security Officer
Arturo Pasarn – Chief Agile Scrum Master

Accenture-Startup Story

The history of the firm spans more than 60 years, starting with its early years as a pioneer in the emerging field of information technology in the 1950s and ending with its current status as a Fortune Global 500 industry leader. Initially, Arthur Anderson’s business and technology division was Accenture. The company is credited for installing the system UNIVAC I computer and printer in 1953, which is said to have been the country’s first usage of a computer for business purposes.\

The Andersen Worldwide Society Cooperative split up Arthur Andersen and Andersen Consulting in 1989. After the arbitration with the International Chamber of Commerce was resolved in august 2000, Andersen Consulting severed all contractual links with AWSC and Arthur Andersen and paid the sum of $1.2 billion to Arthur Andersen. Andersen Consulting changed its name to “Accenture” on January 1, 2001, which is said to imply “Accent on the future.” As the winner of an internal contest, Kim Petersen, a Danish employee from the business’s Oslo, Norway, branch, proposes the name “Accenture.”

Accenture’s initial public offering (IPO) was conducted in July 2001 for $14.20 per share on the NYSE, with Goldman Sachs and Morgan Stanley serving as the primary underwriters. The price of Accenture shares at the day’s end was $15.17; the day’s high was $15.25. Accenture raised over $1.7 billion on the first day of the IPO.

Accenture-Name, Logo, and Tagline

Accent on the future is where the word “Accenture” comes from. Kim Petersen, a Danish worker from the business’ Oslo, Norway, office, won the internal contest and came up with the name “Accenture.”

Accenture’s tagline says, “We make change work for you.”

Accenture-Mission, and Vision

Accenture’s mission statement says, “helping our clients create their future.”

Accenture’s vision statement says, “To become one of the world’s leading companies, bringing innovations to improve the way the world works and lives.”

Accenture-Business Model

Customer Segment – Accenture’s business strategy is mass market, with no distinction made between different types of clients. The business targets all categories of businesses, including mid-sized businesses, major corporations, and governmental entities, with its solutions.

Value Proposition – Accenture provides four main value propositions: brand/status, innovation, personalization, and accessibility. The business fosters accessibility by providing a variety of alternatives. It has up to $2.5 billion invested in new technologies and acquisitions, allowing it to expand its service offerings with a wide range of new capabilities. Through its expertise and focus on certain services, the organization provides personalization.

It offers local execution and market relevance in every country where it has operations, which total over 120. Additionally, it works in more than 40 different industries, and more than 50% of its employees are either connected with a particular market or have industry certifications. This enables it to offer counsel that is very individualized.

The business prioritizes innovation highly. It has an entity for research and development called Accenture Technology Labs that seeks and creates new technologies. Additionally, it runs the Accenture Institute for High Performance, a program aimed at giving clients access to cutting-edge, commercially viable insights and solutions. Due to its success, the business has built a strong brand.

With more than 375,000 people servicing clients in more than 200 locations across 120 countries, it is the largest consulting business in the world in terms of sales. It describes itself as the largest independent provider of technology services and counts Microsoft, HP, Oracle, and SAP among its illustrious clientele.

Accenture’s business plan includes creating and delivering services that help clients solve problems.

Accenture-Revenue Model

Accenture has two sources of revenue :

Outsourcing – Revenues from company functions or client systems that are transitioned or managed through the use of services and resources are known as outsourcing revenue.
Consulting revenues – Profits from services such as management consulting and systems integration.

Accenture-Funding, and Investors

Date	Round	Amount	Lead Investor
Oct 1, 2018	Grant	$6M	Youth Business International

Accenture-Investments

Date	Organization Name	Round	Amount
Dec 16, 2021	HomeAssist.ph	Grant	$11.2K
Feb 2, 2021	InvestCloud	Private Equity Round	–
Nov 2, 2020	SkyHive	Series A	$8M
Sep 24, 2020	Ripjar	Series B	$36.8
Jan 9, 2020	ACCES Employment	Grant	CA$1.1M
Dec 17, 2019	TradeIX	Series B	–
Dec 11, 2019	Digital Asset	Series C	$35M
Oct 30, 2019	Upskill	Venture Round	$7.6M
Mar 26, 2019	Vlocity	Series C	$60M
Feb 28, 2019	P97 Networks	Series B	$5M

Accenture-Acquisitions

Acquiree Name	About Acquiree	Date	Amount
ALBERT	ALBERT offers businesses analytics and consulting services to assist them in their business decision-making.	Nov 15, 2022	–
Blackcomb Consultants	Blackcomb Consultants develops enterprise system & cloud-managed solutions as well as offers production support services to insurance firms.	Oct 4, 2022	–
Inspirage	Inspirage is a company that provides supply chain solutions for businesses.	Sep 6, 2022	–
Carbon Intelligence	Carbon Intelligence provides a strategic roadmap, programs, and services to help organizations move towards a zero-carbon economy.	Sep 1, 2022	–
MacGregor Partners	MacGregor is a supply chain software and consulting firm that leverages technology to ensure our client’s products keep the world in motion.	Sep 1, 2022	–
YSC Consulting	YSC provides leadership strategy consulting services.	Aug 9, 2022	–
Sentia	Sentia manages applications for insurance companies and other companies that require secure hosting services.	Aug 2, 2022	–
Tenbu	Tenbu is a company specialising in the development and implementation of the best solutions to support the decision-making of its clients.	Aug 1, 2022	–
Solvera Solutions	Solvera Solutions delivers innovation and value to our clients throughout western Canada.	Jul 25, 2022	–
Eclipse Automation	Eclipse Automation is a leading supplier of custom automated manufacturing equipment.	Jul 21, 2022	–

Accenture-Competitors

The top competitors of Accenture include IBM, PwC, Tata Consultancy Services (TCS), Capgemini, Deloitte, Cognizant, SAP, and DXC Technology.

Accenture-Future Plans

Strategy & Consulting, Interactive, Technology, and Operations will be the four services into which Accenture will divide its industry-leading capabilities. Instead of using operational groups, the corporation will manage its operations via three geographical markets: North America, Europe, and Growth Markets. Accenture will keep targeting certain industries and grow its international industry programs. Accenture will alter its leadership at the same time and broaden the composition of its Global Management Committee to include more executives from its service and regional markets.

Accenture is undertaking these improvements at a time when its clients are experiencing unheard-of change. Technology and digital are increasingly essential to business success, driving the demand for constant innovation and enterprise-wide change. Due to the dissolving of conventional industrial boundaries caused by digital disruption, cross-industry competence is essential. The convergence of location, industry, and technology is where this disruption and other developments are taking place.

Given these trends, Accenture is becoming more agile in order to offer its clients a distinctive variety of services, from strategy to operations, with a strong emphasis on digital capabilities. Applied intelligence, extensive industry, cross-industry, and functional knowledge are all present in these services. Accenture will also quicken innovation by fusing the local and the global in a seamless manner, utilizing its unrivaled network of more than 100 innovation centers, and collaborating even more closely with its ecosystem partners to develop quick-value solutions. These adjustments will strengthen the company’s position as a top partner for innovation and transformation.

Accenture’s shift to the new strategy during the past six years, including digital, cloud, and security, has shown an unequaled capacity to spot and seize fresh possibilities in the most important, fastest-growing segments of the industry. The goal of these adjustments is to improve the company’s capacity to foresee customer requirements and market shifts.

FAQs

Who is the CEO of Accenture?

Julie Sweet is the CEO of Accenture.

What does Accenture do?

Accenture provides digital, cloud & security services.

Where is the headquarters of Accenture?

The headquarters of Accenture is in Dublin,Ireland.

December 29, 2022

Mindtree: Success story of one of India’s leading IT and consulting companies

Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Mindtree.

The idea of using a computer started somewhere before the 1950s. Yes, the notion of using computer circuits and numerical calculations began some 80 years ago. All these years, the technological advancements in computing and communications indicate the progress of information technology will continue evolving.

The innovations of this extent have revolutionised society, with millions of people depending on information technology for every other thing. Thanks to the IT department who make our lives easier with their services and keeping a track of a vast array of data in a secure way possible.

You will find IT is present in almost every type of enterprise, whether it is the smallest of business, schools, and various other industries and organisations that need the help of IT for the creation, storage, exchanging, and utilising data, conversation, and forms of communication.

Mindtree is India’s leading multinational information technology services and consulting company. The company is a part of the Larsen & Toubro Group, which was founded in 1999. Mindtree engages in the services of e-commerce, mobile application, cloud computing, data analytics, digital transformation, testing, etc. As of March 2019, the company works for 309 clients from 18 countries.

Learn about Mindtree’s startup story and growth, founders and team, mission and vision, business and revenue model, competitors, and many more stuff about the company in this article.

Mindtree – Company Highlights

Startup Name	StayHappi
Headquarters	Bangalore, India
Sector	Public
Industry	IT and Consulting
Founder	Subroto Bagchi, Krishnakumar Natarajan, Rostow Ravanan, N.S. Parthasarathy, Ashok Soota, Scott Staples, Anjan Lahiri, Kalyankumar Banerjee, Janakiraman, and Kamran Ozair.
Founded	18 August 1999
Revenue	$1.3 billion (2022)
Parent Organisation	Larsen & Toubro
Website	www.mindtree.com

About Mindtree
Mindtree – Industry
Mindtree – Founders
Mindtree – Mission and Vision
Mindtree – Name, Tagline, and Logo
Mindtree – Business Model
Mindtree Key Services
Mindtree – Revenue
Mindtree – Challenges Faced
Mindtree – Mergers and Acquisition
Mindtree – Awards and Achievements
Mindtree – Competitors
Mindtree – Future Plans

About Mindtree

A part of the Larsen & Toubro Group, Mindtree was founded in 1999 with its headquarters in Bangalore, Karnataka, India. The group took over Mindtree in 2019 with a 61.08% stake in the company.

There’s no person who is not familiar with Mindtree, after all, it is India’s one of the leading multinational IT and consulting companies. The company has offices not only in India but in other locations outside the country too. It is present in both South and North America, Europe, Asia Pacific, the Middle East, and Africa.

Mindtree deals with services related to the IT and consulting lines. From conception to completion, the company provides services for digital transformation and technology.

Under its vision ‘Born Digital‘ the company aspires to offer customized solutions that are rightly developed using an agile and collective methodology throughout the whole digital value chain.

If any person is looking to run an efficient business, then Mindtree offers the best solutions to grow their revenue with its deep expertise in infrastructure and applications management.

Application Development and Maintenance, Data Analytics, Digital Services, Business Process Management, Engineering R&D, Enterprise Application Services, Testing, and Infrastructure Management Services are all areas in which Mindtree operates.

Other than these services, the company is also engaged in Research and Development Services. The range of research and development services are Bluetooth Solutions, Digital Video Surveillance, the MindTest integrated testing methodology, the MWatch platform for managing IT infrastructure, the Atlas application management service, SAP Insurance, and OmniChannel.

There are hundreds of people working for Mindtree who are contracted to provide support for Microsoft Azure (a cloud computing service by Microsoft).

In 2006, Mindtree became a public company and got listed on the Bombay Stock Exchange and National Stock Exchange.

Mindtree has also left its foot in developing a sustainable approach toward society and people. The company strongly adheres to cater sustainability in the way they do their business. The pillars of the Mindtree sustainability framework are three things: Ecological Sustainability, Governance Advocacy, and Workplace Sustainability.

Mindtree – Industry

There is absolutely no denying that the Information Technology industry is rapidly growing. This industry is constantly changing and improving businesses, which need support to have the best possible output to reach their goals.

As per sources, the IT industry is expected to reach Rs 14 billion by 2025. In 2019, the value of the Indian IT industry reached nearly Rs 8 billion. Furthermore, experts believe that a CAGR of over 10% will be made between 2020 and 2025.

Mindtree – Founders

Mindtree was founded by a bunch of Indian entrepreneurs, Subroto Bagchi, Krishnakumar Natarajan, Rostow Ravanan, N.S. Parthasarathy, Ashok Soota, Scott Staples, Anjan Lahiri, Kalyankumar Banerjee, Janakiraman, and Kamran Ozair in 1999.

Subroto Bagchi

Born in Patnagarh, Odisha, Subroto Bagchi is one of the founders of Mindtree. Subroto is a graduate of Utkal University in Political Science. He started his career as a clerk in the Industries Department of the Government of Odisha.

Soon after working there for one year, Subroto worked as a management trainee in DCM for five years. After gaining a lot of exposure in the computer industry, Subroto ended up as the Chief Executive of Wipro’s Global R&D.

Subroto Bagchi loves to write books and has many published books that tell a lot about his life story making him one of the best-selling business authors. The book called ‘Go Kiss the World: Life Lessons For The Young Professional’ is one of his autobiographies. To name a few, ‘MBA at 16’, ‘High-Performance Entrepreneur’, ‘On Leadership and Innovation’, and ‘Sell’ are some of his best-selling books.

Subroto Bagchi is married to Susmita Bagchi, who is an Odia author.

Krishnakumar Natarajan

Krishnakumar Natarajan is one of the co-founders of Mindtree. He is an alumnus of XLRI, Jamshedpur, and a Mechanical Engineer graduate from the College of Engineering, Chennai. From 1982 through 1999, Krishnakumar worked at Wipro where he began his career and held several important positions. He was among the top 50 highest-rated CEOs by Glassdoor in 2013. After 23 years at Mindtree, Krishnakumar Natarajan is now the Managing Partner at Mela Ventures.

Rostow Ravanan

Before co-founding Mindtree, Rostow Ravanan held the position of Business Value Manager at Lucent Technologies, where he was in charge of long-term strategic planning at the Bell Laboratories product realisation centre in India. An alumnus of Harvard Business School, Rostow began his career at KPMG Corporate Finance and focused on mergers and acquisitions and strategy consulting for a range of businesses. Additionally, Rostow Ravanan oversaw Mindtree’s successful IPO in 2007 while serving as the CFO for more than ten years.

Currently, Rostow Ravanan is the Chairman and CEO of Alfahive Inc. He also happens to serve as a senior advisor on Asia TMT opportunities and is a member of Chartered Accountants of India and the Insititute of Company Secretaries of India.

N.S. Parthasarathy

N.S Parthasarathy is also among the founders of Mindtree. He began his career in Wipro’s R&D department, where he worked in a variety of technical capacities. He graduated with a master’s degree in Mathematics in 1983 from BITS Pilani. In 1984, he graduated with an MTech in computer science from India’s IIT Kharagpur.

For 20 years, he served as co-founder, president, chief operating officer, and board member of Mindtree Limited. N S Parthasarathy has received the Distinguished Alumnus Award by his alma mater, BITS Pilani in the Category of Entrepreneurship for his extraordinary contributions to society. Presently, he is the Managing Partner at Mela Ventures.

Ashok Soota

Ashok Soota is the co-founder of Mindtree. At 79 years, Ashok is planning to push his newest venture Happiest Health to the initial IPO list. One of the early figures in the Indian IT sector, Ashok Soota, is very well-known. He has an MBA from the Asian Institute of Management in the Philippines and a bachelor’s degree in electrical engineering from the University of Roorkee (now IIT, Roorkee).

Scott Staples

Scott Staples has over 30 years of experience in the IT service sector. He held the positions of president of the Americas and director of vertical markets at Mindtree. He has even accumulated a reputation as a “growth entrepreneur” and was honoured as the Ernst & Young Entrepreneur of the Year (2015) in Technology Services.

Scott graduated from the University of Delaware with a Bachelor of Arts in English and from Fairleigh Dickinson University in Madison, New Jersey with a Master of Business Administration.

Anjan Lahiri

An alumnus of BITs, Mersa, Anjan Lahiri is among the founders of Mindtree. He has worked as a Global Information Services Executive in the US, London, and Bangalore. Assuming global responsibility for Mindtree IT Services segment as president from 2008 to 2013, he established the company throughout Europe, the US East Coast, Silicon Valley, and other locations. The Young Presidents Organization, a global peer network of CEOs and business leaders, counts Anjan Lahiri as a member. Since 2020, Anjan Lahiri is serving as the CEO of Navikenz.

Kalyankumar Banerjee

Kalyankumar Banerjee founded Mindtree in 1999. He holds a Mtech degree from the Indian Institute of Technology, Kanpur. Kalyan served as the Senior Vice President at Mindtree for almost 13 years before he co-founded Klorofeel Foundation in 2016. Presently, he looks after the Klorofeel school in Brahmapur, Odisha.

S Janakiraman

S Janakiraman is the co-founder of Mindtree and an alumnus from NIT, Trichy. He quit the company after serving as the CTO for 15 years. Janakiraman spent nearly two decades working for Wipro before founding the new business and is credited with developing the product engineering services division at Mindtree.

Kamran Ozair

Kamran Ozair served as the Executive Vice President and ex-co-founder of Mindtree. His role was to look after the development of technical expertise, technological direction, the formation of important collaborations, and the budgeting for Mindtree’s Technology Practices for IT Services. Ozair has a Bachelor of Arts degree in computer science and engineering from Dartmouth College in Hanover, New Hampshire, and a Master’s degree in computer science from the University of Wisconsin in Madison on artificial intelligence.

Mindtree – Mission and Vision

Mindtree follows three values in which they carry out their services.

The three values are:

Having a collaborative Spirit – the company encourages a collaborative atmosphere where all viewpoints are valued and open discussion is expected.
Expert Thinking – The company aims to draw on expertise that has been demonstrated to their clients by providing recommendations and offering knowledgeable counsel.
Unrelenting Dedication – The company aims to solve clients’ problems through hard work and determination.

The mission of Mindtree says, “We engineer meaningful technology solutions to help businesses and societies flourish”.

Mindtree – Name, Tagline, and Logo

Mindtree Logo

Mindtree goes by the tagline, “Welcome to Possible”, which rightly defines the company’s powerful expression of delivering technology.

The logo of Mindtree is like a multi-stranded, centre hub like a mind that is meant to symbolise the fusion of technology and thought.

Mindtree – Business Model

Mindtree is a part of the Larsen and Toubro group, which was founded 22 years ago. The business model of the company is mostly based on B2B (Business to Business).

The focus of Mindtree’s operations is on clients from industries like banking, capital markets, consumer electronics, packaged goods, independent software vendors, manufacturing, insurance, media & entertainment, retail, semiconductors, travel & hospitality, and the real estate sector.

Mindtree operates its business by providing several services to these aforementioned clients.

Mindtree Key Services

Blockchain

The company has strong expertise in the field of blockchain. The company has developed integrated blockchain-based products by utilising its connections with top suppliers and the convergence of technologies like AI/ML, IoT, RPA, and AR/VR into current corporate systems.

Some of its blockchain services are:

Requirement analysis
Selection and Design
Transformation and Integration
Implementation Roadmap

Digital Marketing and E-commerce

The company’s digital marketing and e-commerce services offer personalised content and frictionless commerce creating and realising outcome-driven experiences for its clients.

The company provides consumer-centric commerce solutions like:

Marketing and commerce platforms
Direct-to-consumer commerce
Mobile app development services
Emerging channels
Digital asset management
Intelligent marketing, commerce, and IT operations
Measurement

Mindtree has alliances with companies like Big Commerce, SAP Partner, Salesforce, Sitecore, etc.

Design and Innovation

To link consumer behavior to business results, Mindtree’s design and innovation services combine applied design thinking skills with distinctive creative qualities. They offer their clients top-notch revolutionary solutions because of its high-impact team of strategists, researchers, and designers, and reinforced by best-in-class experience techs.

Mindtree’s experience design and innovation services are:

Experience Strategies
Design Systems and standards
Studio and Production

Product Engineering

Product engineering from Mindtree aims at the delivery and consumption of technology products and services that have undergone several changes as a result of rapidly shifting consumption habits and increasing client expectations.

Below are some of Mindtree’s product engineering service offerings:

Platform and Device Engineering
Product support and operations
R&D lab operations
Product Quality Engineering

Data and Intelligence

The company is also involved in providing analytics solutions through artificial intelligence to convert most of the data into actionable insights. Its data and intelligence services are:

DataOps and Management

Mindtree has services in the Dataops and management, that is by offering AI-infused, platform-led data supply chain management, including data structure management and cataloguing.

Data Modernisation

Under this service, Mindtree restructures clients’ data ecosystem into a single platform to create a cutting-edge data supply chain.

Data insights and action

These services are provided to analyse insights from clients’ data to help them augment business decisions.

Cloud Services

Going with their strategy of “Why cloud” rather than “What Cloud can deliver”, Mindtree offers cloud services that are designed in a way to enable end-to-end automation for data migration.

Mindtree cloud services are as follows:

Cloud consulting
Cloud Build
Cloud Operations
Cloud Data
Cloud Security

Mindtree – Revenue

Mindtree generates its revenue by providing the above-mentioned services.

As of 2022, the revenue of the company was reported to be Rs10,520 crores ($1.3 billion). As per sources, Mindtree’s revenue has gone up to 31% in the fiscal year 2022.

Mindtree – Challenges Faced

In 2019, Mindtree went through a major challenge as it was going to be taken over by the L&T group. The decision was not supported by Mindtree as it was a hostile bid. Mindtree used to compete with the L&T group, which is why it didn’t want its stake to go to its rival company.

But sadly, the group took over Mindtree in June 2019, which is what is called the biggest and first ever hostile takeover in the IT industry.

Mindtree – Mergers and Acquisition

Mindtree has made a total of eleven acquisitions as of today. Here’s the list of acquisitions by Mindtree:

Acquiree name	Year	Amount
Magnet 360	2016	$50 million
Relational Solutions Inc	2015	$10 million
Bluefin Solutions Limited	2015	£42.3 million
Discoverture Solutions LLC	2015	$15 million
7Strata	2010	$7.2 million
Kyocera Wireless India Pvt Ltd	2009	$6 million
Aztecsoft	2008	$40 million
TES-Purple Vision	2007	$6.55 million
CoSystems	2005	–
Linc Software Services Pvt Ltd	2005	$7 million
ASAP Solutions	2004	–

Mindtree – Awards and Achievements

Take a look at the number of awards won by Mindtree in the last few years:

2022

Mindtree is “Great Place to Work-Certified™ in India for the second consecutive year
Ranked Among Asia-Pacific’s Top Ten Companies
Golden Peacock Award for Risk Management 2021
Recognised as Global Emerging Service Provider Partner of the Year
‘Silver Shield’ for Excellence in Integrated Reporting from ICAI for 2020-21
Platinum Award at the League of American Communications Professionals’ Annual Report Competition for 2020-21
Mindtree was listed in the FTSE4GOOD Index Series

2021

‘Special Recognition’ at the SHRM HR Awards 2021 for Excellence in Talent Acquisition
Winner of Best in Biz Award 2021 in North America
Ranked among the top 5 IT services companies and among the top 10 NSE 500 companies across industry sectors in India for its overall ESG performance.
Recognised as among the UK’s top companies in customer satisfaction according to the 2021
Was named as the Leader in ISG Provider Lens™ Quadrant Report on Salesforce Ecosystem Partners 2021 (US)

2020

“Best Employer for Women” by The Associated Chambers of Commerce and Industry of India (ASSOCHAM)
Ranked amongst Global Leadership League in Carbon Disclosure Project (CDP) 2020 Climate Change world ranking
Ranked as the Leader in ISG Public Cloud Solutions and Service Partners Archetype Report 2020

Mindtree – Competitors

Mindtree competes with the following companies:

TCS
Infosys
HCL Tech
Wipro
Tech Mahindra
MphasiS
Oracle Fin Services Software Ltd.
Persistent
COFORGE LTD.

Mindtree – Future Plans

Mindtree currently has its operations in cloud computing, data and intelligence, and digital marketing and e-commerce across the globe which helps the company generate its maximum revenue.

Mindtree says about its future, “We continue to see very strong traction across all our verticals – Banking, Financial Services, and Insurance, Technology, Media and Services, Travel and Hospitality, Retail, CPG and Manufacturing. Some of the engagements we have been executing for our clients are path-breaking for their respective industries. We also have a strong recognition in the marketplace owing to our partnerships with Cloudera, AWS and Azure, content management with Adobe, etc.”

FAQs

Who is the founder of Mindtree?

Subroto Bagchi, Ashok Soota, Krishnakumar Natarajan, Anjan Lahiri are the founders of Mindtree.

Who is the CEO of Mindtree?

Debashis Chatterjee is the CEO of Mindtree.

What is the revenue of Mindtree?

The revenue of Mindtree is US$1.4 billion as of 2022.

July 30, 2022

The Subsidiaries And Acquisitions Of Infosys Limited

Infosys Limited is one of the most well-known Multinational Tech Companies in India, headquartered in Bengaluru, Karnataka. The company is known for services like Business Consultation, IT and Outsourcing.

Infosys was established in 1981 and is now NYSE listed global consulting and IT company with more than 2,49,000 employees all around the world. The company is also considered to be the second-largest IT Company in India after Tata Consultancy Services. Infosys is also ranked 602^nd largest company in the world according to the Forbes Global 2000 ranking.

Infosys first started out with a capital of $250 but now has grown into a company that generates over $14.22 billion in revenue in the year 2021, with a market capitalization of approximately $90.25 billion.

The company is over 40 years old and made a lot of development for the IT industry in India over the past years. It has played a role in the country’s emergence as a hub for software services. The company presently has over 123 development centres all over the world but is well known in countries like India, the US, China, Australia, Japan, Middle East and Europe.

Over 60%, 24% and 3% of its revenue was generated from North America, Europe and India in 2019, while the rest 13% comes from other parts of the world. Infosys is the first Indian company to be listed on NASDAQ. It has also created many salaried millionaires over the years.

The company works in domains like finance, insurance and manufacturing and provides services like NIA (Net generation AI platform), Infosys Consulting, Infosys Information platform, EdgeVerve Systems, Panaya Cloud Suite, Engineering services and digital marketing. Another well-known product is Finacle which is a universal banking solution.

The article covers:

A Brief History of Infosys
The Acquisitions of Infosys
Some of the Popular Infosys Subsidiaries
EdgeVerve Systems Limited

Panaya
Infosys BPM Limited
Infosys Consulting Holding AG
Infosys Public Services Inc.
Infosys Consulting Limited
Kallidus
Noah Consulting LLC

Conclusion
FAQs

A Brief History of Infosys

Infosys was established in the year 1981 by N R Narayan Murthy and six other engineers in Pune, Maharashtra with a small capital of $250.

Know everything about Infosys Business Empire

By 1987, the company had already opened its first international office in Boston, US. In 1992, the company went public so had to change its name from Infosys Technologies Private Limited to Infosys Technologies Limited. Later, the company was renamed Infosys Limited in 2011.

The company received the ISO 9001/TickIT certification and opened a development centre at Fremont in 1994. In the next year, Infosys also opened its first European office in the United Kingdom and will also set up its business practice.

The tech company established the Infosys Foundation and was assessed at CMM level 4 in 1997. It wasn’t until 1999 that Infosys got listed on the NASDAQ. Infosys becomes the 21st company in the world to achieve a CMM level 5 certification and opens offices in countries like Germany, Sweden, Belgium, and Australia.

Infosys has its offices in France and Hong Kong and development centres in Canada and UK in 2000 and has also expanded its offices in UAE, Argentina in 2001. The same year the company goes on to launch Finacle which is a universal banking solution.

In 2002, the company expanded its offices to countries like Netherlands, Singapore and Switzerland. The company finally reached the US $1 billion mark in revenue and then launched Infosys Consulting Inc in 2004.

Infosys crossed the $5 billion revenue mark in 2010 and even gets listed on the NYSE in 2012. According to Forbes, Infosys became the world’s most innovative company. It provided $250 million to help the “Innovate in India” and in order to support startups in India in 2015.

The company finally launched the awaited Infosys Maya. It is a platform that helps drive automation and innovation in companies. It has also launched Skava Commerce, a modular for e-commerce platforms in 2016.

In 2019, Forbes ranks Infosys as No. 3 in the best-regarded companies list and also launches the Infosys Live Enterprise Suite. In 2020, the company targets to attain carbon neutrality and even announces its ESG Vision 2030 where it would measure targets across the environment, social and governance.

Infosys Limited has been ranked number 1 in the 2021 HFS Top 10: Banking and Financial Services as per The Best of the Best Service Providers report.

The Acquisitions of Infosys

Some of the most well-known acquisitions of Infosys are:

Announced	Acquiree Name	Acquisition Amount	Business
Jan 2021	Carter Digital	–	Digital Design Agency
Oct 2020	Guide vision	EUR 30 million	ServiceNow Partner
Sep 2020	Kaleidoscope	US$42 million	Product Design and Development
Apr 2019	Stater N.V.	EUR 127.5 million	Mortgage Services
Oct 2018	Fluido Oy	EUR 65 million	Salesforce Advisor and Consulting Partner
Apr 2015	Skava	US$120 million	Digital Experience solutions
Mar 2015	Panaya	US$200 million	Automation Technology
Sep 2012	Lodestone Holding AG	US$ 345 million	Management Consultancy Company
Dec 2009	McCamish Systems	US$38 million	Insurance and Financial Services
Dec 2003	Expert Information Services	US$23 million	IT Service Provider

Some of the Popular Infosys Subsidiaries

EdgeVerve Systems Limited

EdgeVerve - Infosys Subsidiary — EdgeVerve – Infosys Subsidiary

EdgeVerve is one of the most popular Infosys subsidiaries that is known for its products and services. It is an innovative software product and offers an on-premise or cloud-hosted business platform. The company is a global leader when it comes to Automation and AI.

The company works in sectors like banking, digital marketing, interactive commerce, distributive trade, and credit servicing, and even enterprise buying and customer service. The company has a portfolio of AI which includes Infosys Nia, automation with AssistEdge and business applications like TradeEdge and ProcureEdge.

EdgeVerve also helps other companies in developing deeper connections with stakeholders and make innovations. Nowadays global companies from financial services, insurance, retail, life science, manufacturing and telecommunication use the company’s products.

One of its most known services is the Finacle, a universal banking solution that serves over 547 million customers nearly 16.5% of the world’s adult banked population. By providing these services the company is creating possibilities and helping other enterprises grow.

Panaya

Panaya is an international subsidiary of Infosys which is a software company based in the US. Some of its popular products and services are automated code remediation, collaboration test management and test execution and ALM acceleration.

The company is a leader in providing Automation technology, especially to large-scale enterprises. Panaya is a popular software as a service (SaaS) company and has its presence in the US, EMEA and Asia and also has its subsidiaries in Israel, Germany, Japan and Australia.

Infosys BPM Limited

Infosys BPM - Infosys Subsidiaries — Infosys BPM – Infosys Subsidiaries

Infosys BPM became a subsidiary in 2002 and is known for business process management. The company mainly operates in countries like India, Poland, Netherlands, South Africa, Brazil, Mexico, the US, Puerto Rico, China, Philippines, Australia and others.

The company focuses on providing end-to-end outsourcing and other benefits at lower costs, productivity improvements and process reengineering. The company also has other subsidiaries under it that are Infosys Portland and Infosys McCamish Systems.

The company is headquartered in Bengaluru, Karnataka and is mainly popular for integrated outsourcing and transformative services. More than 60% of the company’s business comes from the overlapping clients of their parent Infosys.

Infosys BPM has so far opened 33 delivery centres in 14 different countries and 44,443+ employees from more than 110 nationalities. The company has also won over 60 awards and recognition in the past 5 years.

Infosys Consulting Holding AG

Infosys Consulting - Infosys Subsidiaries — Infosys Consulting – Infosys Subsidiaries

This company was initially called Infosys Lodestone. It is a global company known for providing consulting, technology, outsourcing and next-generation services. The company is now a global advisor to leading companies on things like process engineering and also managing tech-enabled transforming programs.

The company offers various customized solutions to the businesses that their clients face and also helps them renew their existing IT landscapes along with bringing in new technology and innovation to their business.

One of their most well-known services is the Infosys Aikido which includes working with clients in order to leverage the knowledge of systems. The company has so far conducted over 150 design thinking workshops and is actively engaged in 50 plus global companies and using Aikido to transform programs.

Infosys consulting holding tries to combine human-centric approaches with advanced technology and help companies to reimagine their future and create lasting business value.

Infosys Public Services Inc.

Infosys Public Services - Infosys Subsidiary — Infosys Public Services – Infosys Subsidiary

The company is a US-based subsidiary of Infosys known for providing services like business consultation, technology solutions and even advanced digital service.

Infosys Public Services, Inc. helps public sector organizations mostly in the countries like the US and Canada to stay ahead by innovating new things.

Their services allow their customers to renew their companies and come up with new avenues to generate value. The company has over 40 plus years of cross-industry experience and is also adapted for the public sector. The company also provides flexible delivery models for predictable and on-time execution.

Infosys Consulting Limited

Infosys Consulting - Infosys Subsidiary — Infosys Consulting – Infosys Subsidiary

This is another well-known international Infosys subsidiary that was established in Brazil in 2009. The company is said to have many offices in cities like Sao Paulo, Rio De Janeiro and Nova Lima.

Infosys Consulting helps its clients by providing business solutions, leverage technology, and global infrastructure. Their main vision is to show courtesy to their clients, employees including vendors, and society at large.

The company has so far been respectful and successful in Brazil and is also considered to be one of the fastest-growing subsidiaries of Infosys. With the help of this company, Infosys has managed to expand in the Latin American market which is important as the region has huge potential in the IT and enterprise applications market with a booming economy.

Kallidus

Kallidus Inc, a US subsidiary of Infosys, is headquartered in San Francisco, California. The company is known for developing and providing mobile commerce and also helping its clients with digital marketing.

Kallidus is good at developing applications, websites and various other digital shopping experiences for devices like mobile, tablet, desktop, etc. It also helps its clients at all stages of the value chain including design, implementation and managed services for retailers.

Kallidus owns SkavaONE, which is a cloud-based tech platform well known for creating mobile commerce websites, mobile apps, online marketing campaigns and social media experiences for their clients.

This also includes services like Mobile commerce suite, in-store suite, digital commerce suite, and Skava studio. The company offers maximum flexibility in e-commerce integration with API, raw data adaptors in order to create an Omnichannel experience.

Noah Consulting LLC

Noah Consulting - Infosys Subsidiary — Noah Consulting – Infosys Subsidiary

Noah Consulting, LLC is a global leader when it comes to management consulting services. The company helps oil and gas companies in managing, creating and deploying the information solutions for the business to generate value from their oil and gas assets. It focuses on providing the best data management, data warehousing, data integration, business intelligence, information quality and even data management solution.

The company has over 15 years of experience in delivering practical solutions to the most complex information challenges the industry faces. Noah Consulting has its headquarters in Houston, Texas with over 50-100 employees. The company has a deep knowledge of the industry, information strategy planning, data governance which is why it is one of the most important subsidiaries to Infosys.

Conclusion

Infosys is now a successful conglomerate known in more than 50 countries and popular among countries like India, the US, China, Australia, Japan, Middle East and Europe. The company has played a main role in the development of the IT Industry of the country and was pioneered by a lot of innovations.

The company is now a global leader when it comes to consulting, technology, outsourcing and next-generation services. They help their clients to always stay ahead in the industry by helping them attain the business trends by providing various solutions.

FAQs

What are the main services of Infosys?

The company is known for services like Business Consultation, IT and Outsourcing Services.

Where is the headquarters of Infosys?

The headquarters of Infosys is in Bengaluru, Karnataka.

What are the main subsidiaries of Infosys?

EdgeVerve System Limited.
Panaya.
Infosys BPM Limited.
Infosys Consulting Holding AG.
Infosys Public Services Inc.
Infosys Consulting Ltd.
Kallidus.
Noah Consulting LLC.

What are the main acquisitions of Infosys?

Expert Information Company in 2003.
McCamish System in 2009.
Lodestone Holding AG in 2012.
Skava in 2015.
Fluido Oy in 2018.
Stater N. V. in 2019.
Kaleidoscope in 2020.

January 8, 2022

Story of Codleo: One of the best digital transformer & CRM solution providers

Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Codleo.

Codleo is known to be one of the best digital transformer and CRM solution providers. It offers a range of solutions to companies who wish to connect, engage, and build long-lasting ties with their customers, leading to growth and higher ROI. Founded by Late Mrs. Bimla Singh in 2019, Codleo aims to connect every business with its customers.

StartupTalky interviewed Mr. RS Maan (MD & Global CRO, Codleo) to get insights into the startup story and roadmap of the organization. In this article, you’ll discover how Codleo was started, its services, business model, growth, future plans, and more.

Codleo – Company Highlights

Startup Name	Codleo
Founder	Late Mrs. Bimla Singh
Co-founders	Mohit Sharma, Rahul Ray
Headquarters	New Delhi
Founded	2019
Industry	IT
Subsidiary	Codleo Consulting
CSR Wing	The Codleo Foundation
Website	codleo.com

Codleo – About and Vision

Codleo offers a range of solutions to companies who wish to connect, engage, and build long-lasting ties with their customers, leading to growth and higher ROI. Amongst these services, Codleo offers Salesforce Business Consulting, Greenfield Implementation, Integration with other systems, and Support management as well. Moreover, the company takes care of a brand’s online presence along with extending marketing, automating the customer’s buying pattern, and marketing analytics services. These services are generally covered in the digital marketing portfolio of the company.

In addition to all the Salesforce & digital solutions, Codleo is a product developer as well. Codleo ventured into the product development on the Salesforce Platform and developed apps that are ideal for small & medium businesses such as a Project Management App (ProjecLeo), Vendor Management App (VenLeo), Recruitment Management App (HireLeo), and Human Resource Management App (HRLeo).

Long term/short term vision – The vision of Codleo is to be a company with a heart works that overtime to achieve success for their expanding list of clients

Core belief – Codleo is working with a dream to connect every business with its customers. Every business should have access to their customer’s data in one click, to understand and improve the work processes & ensure customer delight

Codleo – Idea & Inspiration

The concept behind the formation of the company was to create an entity that functioned with a heart. The concept of the heart is important as the team believes in listening, understanding, empathizing, and batting for their clients. Codleo values its customers who are the kings, and the company is their soldiers for their success story. So, the company was formed with this objective in mind to be the best in the business but with a heart & soul.

Also Read: The Best CRM Tools For Businesses To Use

Codleo – Product/Service & USP

Codleo is essentially a B2B service provider improving engagement/relationships between its customers and their customers via tech tools and solutions such as CRM and cloud offerings for specific roles and verticals.

Its foray into product development on Salesforce Platform has meant the development of selective applications which are ideal for Small and Mid-Market Companies. All these apps are built on Salesforce low code platform to offer a seamless & better experience to all users, a single platform to access all apps, and reduced IT infra & development cost, being a low code cloud platform as a service. These are the perfect fit for startups and MSMEs as they offer value for the investment as they are pocket-friendly as compared to other apps in the market. Plus they have been created especially for the MSMEs of India. There has been no pivoting from the initial product but tweaks may keep occurring to make improvements in the products.

Codleo has a subsidiary called Codleo Consulting Inc which has just been launched to serve the North American market and it has its very own CSR wing – The Codleo Foundation.

Codleo – Founders and Team

The Company was not founded overnight or on a whim. It was with great thought and deliberation that the idea to form a company that operated with ethics, sensitivity & people focus germinated. Late Mrs. Bimla Singh is the founder of Codleo. The co-founders of Codleo are friends – Mohit Sharma and Rahul Ray.

Founders of Codleo — Codleo Founding Members

Mohit Sharma | Co-founder, Codleo

Mohit Sharma is a technical graduate, a 10x Certified Salesforce solution engineer, CRM advisor with over 10 years of experience implementing Salesforce. He is currently handling the complete delivery of Codleo consulting. He is also an Advisory member and speaker at The Codleo foundation. He is responsible for masterminding, outlining, and developing projects.

Rahul Ray | Co-founder, Codleo

Rahul Ray has a background in the travel & hospitality industry of over 25 years. He is currently serving as Director and the marketing head for the Codleo Foundation, the CSR wing of the company.

RS Maan | MD & Global CRO, Codleo

Codleo Team — RS Maan – MD & Global CRO, Codleo

Mr. Maan has 20+ years of experience in Business Development, Account Management, Market Research, Sales & Strategy Development, Leadership & Operations in the IT software industry.

Team & Work Culture

The team currently has 65 plus Codleons. Hiring is conducted by the HR department via different means such as job websites, social media channels like LinkedIn, educational institutes, and referrals.

“Our work culture is one of team spirit, collaboration, innovation, learning, diligence, work ethics, and a growth mindset” – says RS Maan, MD & Global CRO, Codleo.

Codleo – Ideology behind name, tagline & logo

Codleo’s name has been derived through an amalgamation of two words — Code and Leo (Lion). The former stands for coding and Leo/lion represent courage to undertake bold decisions and resilience in the face of challenges because, as per Codleo, there’s no life without challenges.

Codleo’s logo is a lovable & cherubic young Lion/Leo whose name is Riki.

Codleo Logo

Codleo’s tagline is “Company with a heart”. It represents its core principle to put itself in the shoes of its clients, understand their pain & issues and work for their success.

Codleo – Business Model & Revenue Model

Codleo is essentially a B2B service provider. Codleo’s revenues are based on the services provided to its clients. It operates on a 10-20% markup on its services/invoicing.

Codleo – Launch and Marketing Strategies

Getting brands and businesses to trust a Startup with Work is never easy with many rocky paths. The initialization of Codleo was not easy. However, the team believed in themselves during the initial days of launch. This confidence helped them to persuade brands to give them a chance slowly and steadily since no brand wants to work with new players who aren’t tried and tested.

Within a year of the launch in April 2019, Codleo acquired around 32 customers who are a mix of start-ups, MSMEs, and enterprise giants. These customers are from different industries but mainly from manufacturing, education, healthcare, and Nonprofit. The company has secured its standing in a short period of time due to its adherence to best practices, client-first focus & the quality of solutions offered by Codleo.

The startup’s cost-effective and diligent services, adhering to best practices, ethics, use of the latest tech and solutions, and trust have helped it to retain and expand its growing family of customers around the world. Codleo does not spend money in any traditional form of marketing. It only promotes via social marketing channels and referrals.

“We do not undertake any marketing campaigns. Our content/satisfied customers are our brand ambassadors/marketing campaigns and many refer our businesses to us and it goes on” RS Maan added.

Codleo – Challenges Faced

“At the very beginning, we faced the issue of manpower joining the startup. People don’t wish to join startups as they feel their future is shaky/unsure and don’t want to risk their careers & stability” says Mr. Maan.

Gradually over time when customers started trickling in, trust developed and the company started stabilizing, this issue of manpower faded away. The initial team had come on board as they had trust & valued the management’s determination/confidence to make sure that the venture succeeded.

Codleo – Growth

The company as it is today:

Team size increased from 2 to over 65
3 fold increase in revenue and manpower
120% YOY growth
CSR Wing Codleo Foundation and manpower solutions wing Codleo Staffing have been launched
Codleo Consulting Inc for tapping into the market USA market has just been launched

Codleo – Funding

Funding as of now has been the personal investment by the managing director. Plus there has been funding by professionals in various tech domains that have joined hands with Codleo in the capacity of advisors and so on.

Codleo – Competitors

Codleo’s competitors include Girikon, Damco group, Dhruvsoft, Algoworks, and scnsoft.

Codleo – Tools used to run startup

The tech tools that Codleo uses include Salesforce CRM, Pardot marketing tool, Quikbooks for accounts.

Codleo – Recognition and Achievements

Salesforce Crest tier partner (2nd highest)
ISO 9001: 2015 and ISO 27001: 2013 certified

Codleo – Future Plans

In the near future, Codleo wants to focus on MSMEs and Global businesses not only in India but also in North America, Canada, Australia, and the UK. In North America, Codleo Consulting Inc has been incorporated, and soon they will start operations in the East Coast area of the USA. The company is also deciding to open its delivery centers in Hyderabad and the hills of North India to capture the right talent.

The company wants to introduce CRM as a subject in collaboration with educational institutions especially under technical programs like B. Tech and get young Indians trained in Salesforce as a technology. Codleo is also taking the initiative of giving profit/share to the employees who are contributing significantly to the growth of the company to boost employee motivation.

It is seeking to get more business from companies overseas to provide Indians employment and boost the country’s economy and play a humble role in the country’s progress. Codleo proposes to be a company with around 500 Codleons by 2023.

Codleo – FAQs

What is Codleo?

Codleo is one of the best digital transformer and CRM solution providers. It offers a range of solutions to companies who wish to connect, engage, and build long-lasting ties with their customers, leading to growth and higher ROI.

Who are the founders of Codleo?

Codleo is founded by Late Mrs. Bimla Singh in 2019. Mohit Sharma and Rahul Ray are the co-founders of Codleo.

How does Codleo make money?

Codleo’s revenues are based on the services provided to its clients. It operates on a 10-20% markup on its services/invoicing.

What is the meaning of ‘Codleo’?

November 1, 2021

RHA Technologies – IT consulting & Technology Partner [Exclusive Interview]
RHA Technologies is India’s unique IT consulting and technology partner to SMEs, and startups. RHA Technologies provides empathetic and synergistic technology solutions and services to help organizations to realize and strengthen their innovation, differentiation, valuation, and market offering by designing, developing, and implementing successful digital transformation and adoption journey.

RHA Technologies built deep tech SaaS products and platforms by combining technical and vertical domain expertise to help businesses accelerate and leverage both core and disruptive technologies like analytics and cloud (SMAC), blockchain, AI/ML, IoT, to deliver end to end smart solutions and services to businesses across industries.

StartupTalky interviewed Mr. Arun Meena (Founder & CEO of RHA Technologies), a stalwart from the field of deep expertise in the tech services industry.

RHA Technologies – Company Highlights

Company Name RHA Technologies

Founder and CEO Arun Meena

Headquarters Delhi

Industry IT, Consulting

Let’s see what Mr. Arun has got to say about the IT Industry in general and RHA technologies in particular.
1. Do give us an insight into the backdrop of a startup – like its operations, business model, revenue model & growth hacks. Also, highlight these metrics about RHA Technologies

An HBR study showed that companies that are equipped with both business and technical skills are disproportionately more likely to introduce new-to-the market innovations than firms that have only one of these skills. Thus, Tech Co-founder is one of the most critical and difficult elements to integrate in the founding structure of Start-ups. They provide a unique set of commitment, experience, vision, relationship, and skills inputs that cannot be trusted or expected from a CTO. Many of the technology competitive issues that non-tech founders struggle with, become springboards with the presence of a trusted and qualified tech co-founder. The result is better valuation, easier funding, and faster business success. RHA Technologies brings this advantage to all start-ups and SMEs.

RHA Technologies thus for the first time in India enables the unique trust dependent outsourced tech co-founder offering for Start-ups and SMEs. In addition, the organisation also offers the traditional model of outsourced product development to MNCs and start-ups.

Our technology consulting, digital transformation, and technology services and solutions for the founders of start-ups and SMEs are rooted in empathy and synergy. This enables the client organisations to realize and strengthen their innovation, differentiation, valuation, and market offering and is the unique edge provided by RHA Technologies.

Our customer centricity and domain expertise enabled us to secure an MNC client along with two start-ups as outsourced tech cofounder / CTO in the first 3 months itself. The organisation has since created rapid momentum despite the pandemic. The initial small team of passionate technologists, has within a year, transformed itself in to seventy strong professionals with expertise across wide spectrum of technologies. The organizational value system has enabled a larger client base and more importantly further strengthened our customer centricity in our phase of rapid expansion.

RHA Technologies Logo

2. We would love to know about the financial numbers of RHA Technologies including revenue, YoY growth, profit, valuation, funding, net worth etc.,

Let’s Build Together! Defines how we at RHA Technologies approach business, clients, employees, and partners.

Our financial numbers is something, which we can’t disclose, but our overall numbers are very healthy. Our goal is to remain sustainable without any dependency on any external funding. For the coming year, we see a good overall YoY growth without hampering our profits.

3. How does RHA Technologies help organizations in implementing a successful digital transformation and adoption journey?

Innovate, Transform, Accelerate, process of RHA Technologies helps create a holistic agile IT strategy that optimizes the client’s business through technology and digital transformation. Digital transformation is more than implementing technology in the organisation. We use solutions around AI/ML, Cloud, IoT, Mobile, Automation, Data, and Blockchain to transform organizations across processes, business models, customer experience, and products and services. RHA Technologies team’s experience with multiple organisations including MNC clients in Education, Real Estate, BFSI, Media & Entertainment, Social Media and new age businesses, brings an unparalleled expertise to client founders.

We help our clients realize the potential of digital transformation as both a business growth enabler and a means to save costs. Our digital transformation process thus helps clients in a) access to a broader market b) improve customer services c) improve supply chain efficiencies and d) reduce time or cost intensive manual work.

Clients are able to work with SMAC (Social, mobile, analytics, and cloud) and IoT to ensure constant innovation for market edge. Digital transformation provides them insights about every area of their business be it cost, best customers, seasonality, bundling, discounts, wasted discounts, supplier efficiency, supplier quality/cost, logistics costs, etc. which accelerates innovations in services / products and thus revenues and profitability.

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4. What changes you witnessed in the industry in the pre & post Covid era. What trends did you observe? What does the future like? In addition, advice to the start-ups in the field of analytics/blockchain/AI/ML/IoT will be much appreciated.

I launched RHA Technologies during the pandemic in May 2020; and the client response and organisation growth has kept pace with my expectations for the first year of operations. For us it was about fulfilling an acute market need, and the pandemic despite its widespread impact on the human morale and economy, did no deter us from our mission.

Many clients observed a slowdown in their business. However, what is noteworthy is their focus on the future. They have seen the acceleration of digital forces globally and the success of digitally nimble in quickly recovering business growth at the expense of others. Thus, clients are committing strongly to digital transformation albeit with focus on practicality, value for money along with return on investment, and tangible business benefits in the short and medium term.

The key areas of digital transformation that are firmly in the radar of clients are:
1. Big Data, Advanced Analytics, and Decision Intelligence – According to Gartner by 2023, more than 33% of large organizations will have analysts practicing decision intelligence, including decision modelling.
2. Block chain beyond crypto – we have started seeing real use cases for block chain technology beyond payments in supply chain, contract management, medical records, claim processing, property records, etc. Block chain has a lot of potential to redefine business processes across industries.
3. Robotic Process Automation – Robotic Process Automation is the process creating software ‘robots’ that can execute the repetitive day-to-day tasks and help organisations decrease costs and free employees’ valuable time.
4. IoT – Internet of Things has been growing in relevance and usage in the past decade and continues to be one of the hottest digital transformation trends.
5. Conversational AI – one of the most visible forms of AI and ML experience is in the form of Conversational AI. Conversational artificial intelligence is designed to understand, process, and respond to human voice while delivering an increasingly natural experience-managing context and sentiment.
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5. What marketing strategies did you employ? How does it target the right segment of customers? Does RHA Technologies have any partnerships in place?

For us at RHA Technologies marketing has been about creating the positive word of mouth where new clients feel confident in collaborating us. Therefore, our people and their value system of “Let’s Build Together” has been the biggest element of marketing. In addition, we have leveraged market communication to communicate our offerings and domain expertise. Contrary to conventional practice, we have not been aggressive on social media in this phase

This strategy has given us the market respect and clients that has enabled us to rapidly expand our business and the talent base.

6. With the growing technological advancement, how do you keep up with the pace? A piece of advice on this matter will be much appreciated.

Keeping pace with technological advancement around us is a major element of our competency where we help clients compete with the best. Our mantra for this has been to hire talent that has an innate curiosity, desire to continually learn and upgrade, along with the work ethic to act on the learnings.

7. Who do you see as the major competitor of RHA Technologies? How do you look to stand out from them with the relative market share you own? Do highlight the USP of the company.

We are in a Blue Ocean with our Tech Co-founder offering and therefore we ourselves are our biggest competitors. For our traditional model of outsourced product development business, the competition is widespread. It is our value system and the attitude of “Let’s Build Together” that gives us the edge. We work alongside our clients as trusted advisors to deliver value at every stage.

We provide seamless technology solutions and services to help organizations innovate and realize their business goals. Clients become more innovative, competitive, and differentiated by leveraging our digital transformation and adoption journey.

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8. Right People. Right Place’ – What are the career perspectives at RHA Technologies for freshers? What is the company’s hiring process and culture?

Talent is the core of our value proposition, and we hire people who have innate curiosity, desire to continually learn and upgrade along with the work ethic to act on the learnings.

We have a lot opening for both freshers and people with experiences. Now a days technology are getting redundant in a shorter timeframe therefore when we hire people our focus is hire people with good analytical skills and willingness to learn.

9. Where do you see RHA Technologies in the next 5 years? Any business expansion plans.

Five years is a long time in this digital age. In line with our Let’s Build Together! approach we will strive to develop into a family of clients, employees, and partners that have grown together. This is the approach that has helped us to grow to a team of 70 from the founding set in a year’s time with corresponding number of clients. We will continue to build on this momentum for the future towards being an industry benchmark for collaborative, innovative, value driven organisation.
June 15, 2021

Company Name	RHA Technologies
Founder and CEO	Arun Meena
Headquarters	Delhi
Industry	IT, Consulting