Infosys encourages its staff to have a healthy work-life balance. According to reports, the tech giant has launched an internal campaign where HR is monitoring how much time employees spend working in the office and reminding them to adhere to regular working hours, particularly when working remotely.
Employees whose registered working hours are over the usual threshold are even receiving customised emails from the corporation reminding them to follow regular schedules and take care of their health.
An employee whose average monthly working hours are above the statutory 9.15 hours per day, five days a week, receives health reminder letters from the company’s human resources department, according to a media report.
These emails give information about the employee’s remote work schedule and stress the value of preserving work-life balance.
The emails also contain information about the employee’s average number of hours worked per day, the number of days they worked remotely, and the overall number of hours they clocked in.
Putting a Check on Employees’ Health
The emails include a clear reminder to staff members to maintain a healthy work-life balance and take care of their health. According to the organisation, it is crucial for both long-term professional efficacy and personal well-being.
Employees at Infosys are also encouraged to take regular breaks, voice concerns if they feel overburdened, assign tasks when necessary, and unplug from work after hours in order to refuel.
One such email advised avoiding work-related interactions if feasible and taking some time to rest during downtime. According to reports, this new attempt to put employee health first was implemented following Infosys’ adoption of a mixed work style.
Employees must work from the office at least ten days a month as a result of the company’s November 20, 2023, return-to-office policy. Since then, HR departments have started keeping track of how much time workers spend working remotely.
Employees’ Health a Major Issue in the IT Sector
Poor sleep, irregular meals, and overworking are causing an epidemic of health problems among professionals, particularly heart-related disorders. This campaign comes at a time when these problems are becoming more prevalent.
With more than 323,000 employees, Infosys is now proactively addressing these risks. The HR department at Infosys recently sent out a note to the staff saying that, although the firm values their dedication, it also thinks that a good work-life balance is essential for their long-term career success and general well-being.
But Infosys’ new position goes against what co-founder N. R. Narayana Murthy argued for only a year ago. Speaking at the centenary commemoration of the Indian Chamber of Commerce in Kolkata, Murthy stated that if India wishes to become a global superpower, young Indians must put in more effort.
He pointed to the 800 million Indians who live below the poverty line and questioned, “If we are not in a position to work hard, then who will work hard?” In 1986, Murthy openly criticised India for switching to a five-day workweek, claiming he had never supported the change.
“I don’t believe in this concept of work-life balance,” he declared at the CNBC Global Leadership Summit in November of last year, adding that sacrifice and unrelenting effort will be necessary for true growth.
His remarks caused controversy and division among professional generations. Critics questioned if such expectations are healthy and sustainable in India’s fast-paced IT sector, even as many praised his accomplishments and work ethic.
Tata Consultancy Services (TCS), a world leader in IT services and digital transformation, has announced a strategic alliance with The ePlane Company, a pioneer in compact flying electric taxis and urban air mobility solutions, to revolutionise urban mobility.
The collaboration intends to take advantage of TCS’s proficiency in artificial intelligence (AI), data analytics, and the Internet of Things (IoT), as well as ePlane’s advancements in small eVTOL (electric Vertical Take-Off and Landing) aircraft, its innovative aircraft designs, and its state-of-the-art technology. By working together, both firms want to develop groundbreaking answers to urgent urban problems, including traffic, waste, and environmental sustainability.
According to Vishnu Ramakrishnan, founder of The ePlane Company’s office (Business), this partnership with TCS is a natural fit with the company’s goal of redefining urban transportation through the development of sustainable and effective electric air mobility solutions. The company may expand its operations, improve its technological skills, and get closer to the future of air mobility by utilising TCS’s experience. TCS and The ePlane Company hope to provide sustainable solutions that tackle the problems of contemporary urban transit by fusing their respective strengths.
Creating Robust Framework
A strong foundation for effective and scalable air mobility will be established by this convergence of technology capabilities. TCS‘s CTO, Harrick Vin, went on to say that the company is thrilled to collaborate with The ePlane Company, a leader in small flying electric taxis. This collaboration underscores TCS’s aim of using technology to create a sustainable future and demonstrates its dedication to fostering innovation in cutting-edge sectors like electric aircraft.
By incorporating renewable energy sources and creating a very strong supplier-buyer framework, the collaboration also places a strong emphasis on sustainability and scalability. These initiatives seek to improve the electric aviation ecosystem’s operational effectiveness and reach while ensuring its long-term viability.
Other Important Initiatives of the MoU
The MoU also describes strategic efforts, such as product presentations, co-development of customised solutions for TCS clients, involvement in innovation-focused events like TCS PacePortsTM, and investigation of proof-of-concept projects. These programs aim to establish the partnership as a pioneer in the developing field of sustainable transportation and accelerate the implementation of cutting-edge air mobility technology.
The collaboration demonstrates India’s leadership in the global movement for sustainable and innovative transportation. This partnership aims to clear the path for a time when air mobility solutions will be essential in alleviating urban transport problems as cities around the world struggle with traffic and environmental issues.
Backdrop of The ePlane Company
The goal of the ePlane Company, which was founded by Professor Satya Chakravarthy and developed at IIT Madras in 2019, is to transform urban transportation. The business is working on the e200x, an eVTOL aircraft that will reduce traffic in metropolitan areas by up to seven times and enable up to seven times faster intra-city commutes and cargo delivery. The goal of ePlane is to develop sustainable, lightweight, and small urban mobility alternatives.
When Professor Chakravarthy of IIT Madras and his students teamed up as business partners for a new idea in 2017, the flying taxi start-up took its first form. To advance the business, Chakravarthy took a leave of absence from his teaching position. The business was fostered at IIT Madras later in 2019.
Tata Consultancy Services (TCS) was founded in Mumbai India way back in 1968 by J.R.D. Tata and F.C. Kohli. Today, it has become the world’s leading IT services, consulting, and business answers provider. Originally conceived as a department of Tata Sons, it specialized in the delivery of technology know-how into an increasingly industrialized world as the countries progressed toward industrialization. Over time, the company has grown and today serves over 46 countries with world-class innovative solutions.
TCS showcases the broadest portfolio of services digital transformation, AI, cloud tech online security, to business process management. Even with its base in Mumbai, the company can walk hand in hand with global economies, thus making it known for some of its finest quality work across multiple fields of business. TCS puts innovation and customers first-they employs a workforce of more than 500,000 skilled individuals who are called TCSers. This dedicated team combines talent with the latest technology to solve tough business problems and achieve worldwide client success. TCS has always been committed to excellence in reshaping businesses with its knowledge and revolutionary solutions.
About Tata Consultancy Services (K. Krithivasan CEO of TCS)
Tata Consultancy Services was established on June 19, 1968, as Tata Computer Systems by Tata Sons Limited. A subsidiary company under Tata Group, TCS serves 46 countries worldwide and has become the leader in the IT and consultancy domain.
In its inception years, TCS was mainly known for providing services like punch card operations for TISCO and inter-branch reconciliation system to the Central Bank of India, and bureau services for UTI. TCS created SEMCOM-an electronic depository cum trading system for a Swiss client by 1975. In 1980 it established its first hub for software research and development, the Tata Research Development and Design Centre (TRDDC), at Pune. It opened its first offshore development center in 1981 and purchased a Canada-based software factory.
Tata Consultancy Services went public in 2004, adding a new shot of adrenaline to its growth trajectory. In 2005, TCS became the first Indian IT firm to enter into bioinformatics. By 2006, TCS had built an ERP system for the Indian Railway Catering and Tourism Corporation and reached an annual revenue of $500 million from e-business by the year 2008. In 2011 it also introduced SME-oriented cloud solutions.
Tata Consultancy Services has set quite a lively pace in business, indeed making it the grandee in IT services and consultancy. This model of business has been built around a diversifying and creative service offering, along with a very strategic operational framework.
These numerous consultancy, digital transformation, application development, IT infrastructure management, engineering solutions, and business process outsourcing -mean that the customer is bound to have every possible solution, right from enriching the operational efficiencies to solving very complex technical problems.
Innovation drives TCS growth as well as investments directed toward research and development. The company is researching future front-end technologies artificial intelligence and cloud computing to data analytics to automate processes for deriving insights and predicting market conditions.
The next pillar in business success for the company is the Global Delivery Model (GDM). Without any dead time overlap, it enables delivery across the time zones, 24/7. This model, apart from the above, makes asset ownership better among the customers in terms of satisfaction and productivity, and it is invaluable during crisis time as it enables fast and reliable response systems.
One of the main reasons for keeping a consistent performance in the IT world is that Tata Consultancy Services has a diversified revenue model with competitive rivalry in the IT field.
1. Fees on Services: The most significant revenues come from consulting engagements and IT service agreements such as software development and maintenance contracts.
2. Project-Based Revenue: This refers to planned or expected revenue from custom software development projects as well as other projects that focus on the client’s individual needs for digital transformation.
3. Subscription Income– All of this recurring income is from managed services and payments made for proprietary software, such as those made for TCS Ignio.
4. Business Process Outsourcing (BPO): The revenue is quite stable since most long-term contracts are engaged in the handling of client business processes.
5. Cloud Services: The revenues are generated from Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and subscriptions into the cloud.
6. Innovation: TCS takes advantage of several other applications, such as Data as a Service (DaaS), as well as several automated-based solutions from its investigative work.
Tata Consultancy Services (TCS) distinguishes itself from the crowd in IT services with its diverse portfolio and industry-specific proficiency and experience. Furthermore, the delivery model that TCS uses has been proven in business, as it sets the company apart through the global availability of its services. Innovations and strong customer relationships are what really propel solutions into that class of world-class, customized solutions, making TCS the best, most reliable partner for businesses in the world.
TCS SWOT Analysis
TCS SWOT Analysis
Strengths
Adaptability: The adaptability of TCS and its acceptance in different cultural and business contexts is enough to make a point about the fact that it has acquired a very global presence by being in 152 countries across 5 continents.
Brand Equity and High Financial Stability: TCS was worth USD 19.2 billion in 2024, making it the second-most valuable IT services brand in the world. It raked in a whopping $ 29.1 billion in revenue collection, thus making it a safer bet in the eyes of investors and partners.
Wide range of services: TCS has got a pretty wide range of services that go from software development to business intelligence and partnerships with many global leaders like Amazon, Adobe, and Bosch to render advanced customer solutions.
Workforce skilled and Varied Clientele: Award-winning best employer across 32 countries; TCS has huge budgets when spending on employee development. Thus it serves a diverse clientele across banking, retail, and telecommunications, among others.
Weaknesses
The Operational and Legal Hurdles: Due to Diligenta’s underperformance and the expensive litigation around Epic Systems, affected the financial stability as well as the overall reputation of TCS.
Gaps in Products and Talent: Though generally strong in services, TCS yet fails to meet expectations regarding the product, while talent retention continues to be a problem as attrition rates are better than industry peers.
Pressure of Innovation: There are pressing needs for TCS to step on the accelerator and ramp up innovations, given the fast pace of technological change and competition in delivering first-of-a-kind market solutions.
Opportunities
A digital and cloud solution expansion: Among the increased needs for cloud computing, digital transformation, mobility, and remote work solutions, there is much more coming from TCS City. This will allow it to be well-positioned to capitalize on created infrastructure and strong expertise.
Emerging Market and Sector Growth: TCS can delve into those deep untapped areas present in Africa, Southeast Asia, and Latin America, tapping into entirely new areas such as gaming, entertainment, and e-commerce to broaden its sources of income.
Cybersecurity and localized offerings: Global cyber threats are rising, and they offer opportunities for TCS to enhance its cybersecurity solutions. Localized IT solutions for specific markets will also have some competitive advantage.
Threats
Amid extremely strong market competition and growing costs: The other major competitor for TCS, to a very great extent, is legally poisonous competition with Infosys, Accenture, and IBM. This goes on with margin pressures, rising costs, and market share issues.
Heightening Cybersecurity and Compliance Challenges: Heightening cyber risk and new regulatory developments concerning data privacy-witnessed in consideration of such things as work visa and outsourcing-affect the operations and strategy of major TCS geographic markets.
Mobility of Talent & Operational Limitations: Employees keep turning over ever more yet the impasse of new restrictions with immigration – to be more specific, the H-1Bs – simply leads to higher recruitment costs and problems in operation while the increasing domestic competition is off very huge multinationals.
TCS or Tata Consultancy Services is a global leader in IT innovation and digital transformation across varied industries. Its vast international presence and solid client base in diverse service offerings enable it to match the challenges of the digital era. However, that very agility and creativity must also apply in the areas of legal disputes, subsidiary underperformance, and the evolution at the pace of the technology world. Areas with great potential include cloud computing, cybersecurity, and emerging markets. Agility to dynamically change according to market dynamics without losing focus on excellence and innovation became a major pillar for TCS to continue its leadership in the IT services sector against the challenge of rising competition and newer business models.
FAQ
How does TCS earn money?
TCS earns money through IT services, consulting, software products, and outsourcing across industries.
What type of business is TCS?
TCS is an IT services and consulting business.
Why TCS is so successful?
TCS is successful due to its strong client relationships, diversified service offerings, global presence, consistent innovation, skilled workforce, and focus on long-term growth strategies.
Infosys is a leading multinational specializing in technology-driven solutions like business consulting, IT, and outsourcing services. Infosys enables businesses across various sectors to use end-to-end services, including digital transformation, AI, cloud computing, and cybersecurity.
Infosys uses its expertise and technology to help organizations cut costs, improve operations, and reach their goals, making it a trusted global partner.
This article will explore Infosys’s business and revenue models in depth, helping readers clearly understand the company’s growth trajectory.
Founded in 1981, Infosys is a global consulting and IT services company listed on the NYSE, with over 317,000 employees. Started with an initial capital of $250, it was registered as Infosys Consultants Private Limited on July 2, 1981. In 1983, the company relocated to Bangalore, Karnataka. In 1999, Infosys became the first Indian company listed on NASDAQ, gaining access to capital markets and boosting its growth.
On August 24, 2021, Infosys became the fourth Indian company to achieve a $100 billion market capitalization. Recognized as one of India’s leading Big Tech companies, Infosys ranks as the second-largest Indian IT company by revenue and the third-largest by market capitalization as of March 31, 2024.
Infosys’s business model is all about providing innovative and personalized technology solutions for clients. The company offers a range of services, including application development, systems integration, consulting, and outsourcing.
Clients typically begin their partnership with Infosys by outlining their specific needs and goals while collaborating with the company’s solution architects. Next, Infosys examines the client’s current IT setup to identify challenges and opportunities. After this, Infosys works with clients to develop customized solutions, which may involve creating new applications or integrating existing systems.
The company focuses on quality and efficiency through careful project management and industry best practices, ensuring that its solutions provide real value. Additionally, Infosys offers ongoing support, including troubleshooting and performance optimization, to help clients make the most of their technology investments. Infosys offers services like Infosys NIA, an AI platform, and Infosys Finacle, a banking solution, that supports sectors like finance, retail, and healthcare in driving digital transformation for clients.
Infosys primarily earns revenue through fees for consulting, IT services, and outsourcing, making it a key partner for businesses in many industries. Additionally, Infosys licenses its software products and platforms, which diversifies its income and ensures a steady cash flow. This varied revenue model also reduces market risks, as long-term contracts and repeat business from loyal clients provide stable income. This allows Infosys to invest continuously in innovation and new capabilities.
Process Improvement
A major revenue driver for Infosys is Process Improvement. By using advanced technologies like automation, AI, and cloud computing, Infosys enhances both internal processes and client solutions. Regular performance benchmarking and continuous improvement create added value for clients and increase revenue by optimizing workflows and reducing costs.
Workforce Efficiency
Workforce Efficiency is also key. By shifting more work to offshore locations with skilled talent at lower costs, Infosys reduces expenses, improves margins, and offers competitive pricing. This model gives Infosys the flexibility to scale efficiently with project demands, boosting revenue.
Knowledge Reuse
Another strategy is Knowledge Reuse. Infosys’s experience and strong knowledge management allow it to reuse established solutions, reducing development time and expenses. This reuse maintains high service quality, fosters client trust, and promotes repeat business.
Strategic Projects
Strategic Projects through Centers of Excellence (CoEs) drive growth by focusing on high-impact projects that meet industry needs, creating revenue from innovative, large-scale initiatives.
Software Services
Finally, Software Services form 95% of Infosys’s revenue, with a skilled workforce delivering high-quality digital solutions. The Global Delivery Model also plays a key role, particularly in North America, where Infosys earns nearly two-thirds of its revenue.
With its strong resources and capabilities, Infosys provides valuable solutions, strengthens its market position, and supports sustainable growth, making it a trusted IT partner worldwide.
Revenue of Infosys Limited worldwide from financial year 2014 to 2024
Revenue of Infosys Limited worldwide from financial year 2014 to 2024
Value Proposition of Infosys
Infosys’ value proposition is distributed across 4 categories:
For Enterprises: Infosys offers creative solutions that align with business goals, helping enterprises adapt to changing technologies and market demands while streamlining operations and enhancing customer experiences.
For Government Organizations: Infosys provides expertise in navigating regulatory landscapes and ensuring data protection, improving operational efficiency and service delivery.
For SMEs: Infosys delivers cost-effective solutions that boost productivity and engagement, enabling SMEs to compete with larger companies.
For Startups: Infosys supports startups with industry knowledge and scalable resources to accelerate their growth.
For Global System Integrators (GSIs): Collaborating with Infosys allows GSIs to leverage technical expertise and global delivery for innovative digital transformation solutions.
Comprehensive Training Programs: Infosys provides extensive employee training and competency development, utilizing a mix of classroom, virtual, macro, and microlearning methods.
Wide Course Offering: The company offers approximately 1,500 continuous education courses, ensuring employees have access to a diverse range of learning opportunities.
Digital Transformation in Training: Infosys actively modernizes its training processes by leveraging digital platforms, enhancing the overall learning experience.
Industry Leadership in Employee Development: Recognized for its innovative training initiatives, Infosys is considered one of the best in the IT industry for employee training and skill enhancement.
Infosys Weaknesses
Client Dependency Risks: Infosys relies heavily on North America for over 60% of its revenue, exposing the company to geopolitical and regulatory risks that can hinder growth.
Integration Challenges from Acquisitions: The company has struggled with integrating acquisitions due to cultural misalignment, leading to significant financial losses, such as the $90 million write-off from failed acquisitions like Panaya and Skava.
Infosys Opportunities
Rapid Growth in IT Ecosystem: India’s IT industry is growing at 15.5% annually, outpacing the overall economic growth and presenting Infosys with significant opportunities, particularly in the software product sector, projected to reach a $1 trillion global market by 2025.
Rising Demand for Cloud Solutions: The public cloud services market in India is expected to grow at an impressive rate of 22.9% annually, with projections of reaching $17.8 billion by 2027, offering Infosys ample opportunities to provide cloud-native solutions and digital services.
Dominance in Outsourcing: As the leading outsourcing destination, India comprises 55% of the IT and Business Processing Management services market, with projected spending in the IT sector set to increase by over 11.1% to $138.6 billion in 2024, creating substantial growth prospects for Infosys.
Strategic Expansion and Acquisitions: Infosys’s size enables it to effectively acquire smaller competitors, leveraging past successful acquisitions to enhance its market position and drive further business growth.
Infosys Threats
Cybersecurity Risks: With advancing technology, Infosys faces heightened threats from data breaches and cyberattacks.
Geopolitical and Economic Challenges: Geopolitical uncertainties and economic fluctuations, such as trade wars, currency volatility, and policy shifts, pose significant risks to Infosys’s cross-border operations and profitability.
High Employee Attrition: Infosys experiences a high attrition rate of 12.6%, one of the worst in the industry, resulting in increased recruitment and training costs as the company struggles to retain talent.
Intense Competition and Regulatory Hurdles: Operating in a competitive IT landscape with rivals like Accenture and IBM, Infosys faces pressure to innovate and manage costs.
Infosys’s client-centric approach focuses on building long-term relationships through dedicated account management, enhancing satisfaction and loyalty. The company invests significantly in research and development to foster innovation and uses flexible pricing models to meet diverse client needs. By implementing a global delivery model, Infosys achieves operational efficiency, providing cost-effective, high-quality solutions that position it well in the dynamic technology landscape.
FAQ
What is the main source of income for Infosys?
Software Services form 95% of Infosys’s revenue, with a skilled workforce delivering high-quality digital solutions. The Global Delivery Model also plays a key role, particularly in North America, where Infosys earns nearly two-thirds of its revenue.
What is the main business of Infosys?
Infosys primarily offers IT services and consulting, specializing in digital transformation, software development, and technology solutions for businesses worldwide.
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 AppDirect.
These days, subscription commerce is on the rise. When it comes to business, subscriptions for B2B software and services are growing significantly. As per statistics, the market size for these ‘anything as a service product, like SaaS, PaaS, IaaS, and many other solutions, is expected to reach $344.3 billion by 2024, at a CAGR of 24%.
B2B subscription commerce is known to cover all technology and business operations that power the sales of digital products repeatedly. AppDirect is a top-ranked US-based company offering a robust B2B subscription commerce platform.
This article discusses AppDirect’s startup story, founders, funding, investors, challenges, awards, and more.
AppDirect is a San Francisco-based company offering a B2B subscription commerce platform to bring together businesses, technology providers, and advisors for simplifying selling, buying, and managing recurring technology services.
Operating in North America, South America, Australia, Canada, India, Europe, and many other locations, the company currently serves over 1,000 providers, 10,000 advisors, and 5 million subscribers to power their innovation, growth, and success. AppDirect is trusted by leading brands, including Deutsche Telekom, Microsoft, ADP, Google, and Jaguar Land Rover.
AppDirect – Founders and Team
Nicolas Desmarais, Daniel Saks, and Andy Sen founded AppDirect in 2009.
Nicolas Desmarais
Nicolas Desmarais – Co-Founder, Chairman, and CEO of AppDirect.
Nicolas Desmarais completed a bachelor’s degree in Economics and Political Science from Amherst College. He worked as an Intern and Associate Consultant at Bain & Company. Currently, he is the Co-Founder, Chairman, and CEO of AppDirect.
Daniel Saks
Daniel Saks – Co-founder, President, and Co-CEO of AppDirect
Daniel Saks attended McGill University for BA in Political Science and Harvard University for a Master of Liberal Arts in Management 9 Finance and Accounting). He co-founded AppDirect and has been its President and Co-CEO.
At present, aside from being the company’s President and Co-Founder, he is the Host of a new podcast- Decoding Digital.
Andy Sen
Andy Sen – Co-founder and CTO of AppDirect
Andy Sen completed BS in Computer Science from Georgia Institute of Technology. He has diverse work experience as a Senior Engineer at Arc Worldwide, Senior Product Manager at Waltmart.com Global Initiative and Salesforce, and Director of Product Management at Serena Software.
He has been the full-time Co-founder and CTO of AppDirect Since March 2010.
AppDirect is a team of over 720 employees.
AppDirect – Startup Story
In 2009, Nicolas Desmarais and Daniel Saks spent the summer together and noticed a few trends. One trend that caught their attention was a shift to digital or software as a service that could change how people commence and manage their businesses. During that period, businesses were struggling because of the global recession.
So, Desmarais and Saks saw those macro trends and brainstormed how they could enable big and small businesses to access this new way of doing business. They established AppDirect in 2009 out of an apartment in San Francisco at the age of 23.
The company spent the first three years bringing an individual around that value proposition to the first customer, then selling and launching them. At present, AppDirect has millions of users.
AppDirect – Mission and Vision
AppDirect’s mission is to make technology universally accessible for every real business and individual to thrive in the digital economy.
AppDirect – Business Model
AppDirect offers access to a subscription commerce platform allowing companies to sell physical or digital products via any channel or platform as a service. The platform powers all direct or indirect sales while combining identity, mobile, data, and billing management for digital services.
Users can also sell their services and third—party services via AppDirect’s commerce platform. In addition, the platform allows enterprises to include add-ons, bundle services, customize prizes, and offer sales promotions.
AppDirect has three pricing plans– ‘AppDirect Starter,’ ‘AppDirect Professional,’ and ‘AppDirect Enterprise.’
The ‘AppDirect Starter’ price plan is offered for $799/month to mid-size companies with monetizing referral business. Mid-size companies selling technologies can access the ‘AppDirect Professional’ pricing plan for $1,499/ month + Transaction Fees. The ‘AppDirect Enterprise’ is offered at custom pricing to large companies selling technology.
Plan
Pricing
AppDirect Starter
$799 USD Per Month
AppDirect Professional
$1499 USD Per Month + Transaction Fees
AppDirect Enterprise
Custom Pricing
AppDirect – Products and Services
AppDirect’s platform offers the following mentioned services, categorized into Digital Monetization and Digital Procurement capabilities:
B2B Marketplace
Partner Relationship Management
Cloud Distribution
Subscription Billing
Device Application Management
Digital Engagement Capabilities
Proceurement Marketplace
Spend Management
Advisory Services
Workplace Identity & Data Management
Subscription Commerce 101 e-book
Moreover, the company offers multiple solutions, such as Software as a Service, Infrastructure as a Service, Managed Services, Third Party Digital Services, and Customer Support Services.
AppDirect – Challenges Faced
Initially, co-founders found it challenging to get big customers for the company as it takes around a year’s sales cycle to close them.
The Cloud Commerce Ecosystem: Challenges and Opportunities
AppDirect – Funding and Investors
AppDirect has raised approximately $474.5 million in a total of 8 funding rounds. Its latest funding round – Debt Financing, was conducted on March 19, 2021, and raised $54.8 million. Some leading company investors are Investissement Quebec, JP Morgan Chase, Mithril Capital Management, Inovia Capital, and more.
AppDirect has 13 registered patents with the ‘Computing; Calculating’ main category and 13 trademarks with ‘Scientific and Technological Services,’ the most popular class.
AppDirect – Growth
The estimated annual revenue of AppDirect in 2022 is $65 million ($89,779 revenue per employee), with its current valuation at $1.5 billion.
AppDirect – Partners
AppDirect has 64 partners, of which 45 are technology partners, and 19 are channel partners:
AppDirect is a San Francisco-based company offering a B2B subscription commerce platform to bring together businesses, technology providers, and advisors for simplifying selling, buying, and managing recurring technology services.
Who founded AppDirect?
Nicolas Desmarais, Daniel Saks, and Andy Sen founded AppDirect in 2009.
What are the pricing plans offered by AppDirect?
AppDirect has three pricing plans- AppDirect Starter, AppDirect Professional, and AppDirect Enterprise.
MapmyIndia is known to be one of India’s most comprehensive GPS navigation and tracking solutions providers, which engages the users on multiple platforms. The New Delhi-based company first started its venture online as C.E Infosystems back in 1995 and eventually migrated into consumer navigation devices, fleet-tracking solutions for taxi and trucking companies, and mobile apps. Today, the company offers an entire API stack, IOT devices, and a map app and is also a strong competitor to the global giant Google’s mapping app.
The company has so far mapped over 10.54 million unique destinations, expanded its coverage to over 6.29 million kilometers of the road network, 7068+ cities at street level along with address level for 80+ cities. It also covers 600K+ villages and 3D and 2D landmarks in 86+ different cities. It has so far recorded 18+ million places. Not only that the company has also divulged into offering a variety of different services. It offers services like navigation functionality, tracking and telematics, and location-based analytics.
MapmyIndia has its own API stack through which the company aids developers who are looking to build interesting and unique apps powered by a geo-locational element such as OLX, Flipkart, and smart parking systems. The company now has 5,000 enterprise customers. It also claims to have captured an 80% market share in revenue in the location intelligence space.
It has more than 2,000 customers on its SaaS platforms, which are used for fleet management, location analytics, etc. among other things, made possible because of the successful business model that MaymyIndia brandishes. Other smaller players that compete with MaymyIndia in the IoT-powered GPS devices segment include Asset Tracker, TrakNTell, and CaRPM.
Rakesh Verma and Rashmi Verma, The founders of MapmyIndia
MapmyIndia is an Indian technology company that builds digital map data, telematics services, location-based SAAS, and GIS AI services. The company has its headquarters in New Delhi, regional offices in Mumbai and Bengaluru, and an international office in the San Francisco Bay Area. MapmyIndia was founded in the year 1992 by Rakesh Verma and Rashmi Verma. The company had its humble beginning when the couple launched a startup called C E Info Systems Pvt. Ltd. in New Delhi.
The company initially started working upon developing a web mapping technology and providing products and services required for enhancing marketing and logistics efficiency in the existing organizations in the country. MapmyIndia launched the first Indian interactive digital mapping portal in 2004, which provided free, customized, location-based services.
In 2010, MapmyIndia launched a GPS navigation service called Road Pilot, preloaded with Indian cities, villages and destinations and destinations. As of 2018, it has 5000 plus enterprises customers and over 250 million consumers benefit directly and indirectly from its services. MapmyIndia has also expanded to countries like Sri Lanka, Bangladesh, Bhutan, and Nepal and soon plans to release maps for the different parts of the world.
During the trying times of the pandemic, the company launched a Covid19 dashboard that mapped containment zones and Covid19 testing and treatment centers across India in real-time and made it available for millions of users free of cost. This immediate move benefitted many users needing this information, whereas Google was slow to respond and released it many months later. It also won the Government of India’s Atmanirbhar App Challenge for its consumer app.
In December 2021, MapmyIndia parent company, the valuation or the market capitalization of the company currently stood at over $1.03 Bn.
MapmyIndia – Products and Services the Company Offers
MapmyIndia is well known for its services like Navigation, Tracking, IoT, Analytics, and web mapping service for desktop and mobile devices.The company also offers advanced GPS tracking devices, car in-dash infotainment, and plug and play on-board diagnostics, car trackers. The navigation service features street-view, public transit information, and turn-by-turn navigation with spoken instructions for vehicles. The main services that the company offers are:
Professionally curated and continuously updated detailed maps that offer unmatched coverage – These maps enable web and mobile applications, with the most granular house-level building data, live traffic, location-based demographics, and socio-economic data.
Real-time data visualization and big data analytics to make more informed decisions – Maps provide a visual context that helps customers to increase productivity, involving location like site selection & resource allocation that helps with efficient business growth.
Smart mobility platform for sale, convenient and efficient mobility – The company is focused on building technology platforms for connected vehicles and travelers paving the road for autonomous multi-modal and safe mobility.
Connected Vehicle IoT ensures the safety and security of vehicles, people, and assets – The company also believes in providing a secure, intelligent, and modular location-based IoT platform, providing accurate and reliable maps with live traffic, road conditions, safety alerts, driving patterns, and other travel services.
MapmyIndia Launched Panoramic Street View Experience
MapmyIndia announced the launch of a panoramic, street view feature, which will be similar to the panoramic, three-dimensional experience of Google Street View. This technology, which is refered to as Mappls RealView, will help the users explore the cities of India almost as Google offers. Currently, Mappls RealView covers metropolitan areas and cities including Bengaluru, Delhi NCR, Greater Mumbai, Chennai, Pune, Hyderabad, and Jaipur. Besides, it also covers nearly 100,000 kms of highways, which links these cities and towns. The repository of Mappls RealView currently consists of 40+ Cr geo-tagged panoramas, videos, and panoramas, as of July 28, 2022.
A metaverse-like experience has also been launched by MapmyIndia, via Mappls. This now features numerous tourists, commercial and residential landmarks and more, across India. In order to create a 3D experience, the listed startup has revealed that it uses satellite imagery data from the Indian Space Research Organisation (ISRO).
MapmyIndia – eLoc: Electronic location as a key to Digital Address
MapmyIndia has presented eLoc (electronic Location) as the country’s key to digital addresses. eLoc by MapmyIndia helps in finding the electronic location of any place, be it a building, flat, office, business, city, village, locality, road, and so on, is a short, 6 character code (for e.g. 8GDTYX, or MMI000). This is easy to remember, share, type, and provide. eLoc claims to provide a comprehensive, accurate, and precise door-step level, 3D digital map database, and turn by turn navigation solution.
eLoc is essential when a person, business, or official searches for a place by entering the code. They can see the precise map location of the place beside its location, such as reviews, photos other information provided by the place’s owner, businesses, and government. MapmyIndia updates its digital database every quarter and takes into account the feedback of the enterprise’s customers, individual users, on-ground staff, and its own surveyors as well.
When Rakesh and Rashmi Verma first started out to build their own startup they were determined to do something for the country and thus, decided to make it their life’s goal to build the country’s first digital map based on a database of India. This was a difficult task in the beginning because India is known to be vast and with varied geographical and topographical diversities. This is why they decided to make their own database, “Top Down and Bottoms Up”.
The Top Down system included that the company digitally traced whatever paper maps were available using tablets and other IT and electronics devices. On the other hand, the Bottom Up was meant to survey different parts of the country. The team of MapmyIndia played an important role in surveys as they had to practically walk down the streets and by-lanes of the country and also conduct field surveys.
The company has a customer-funded business model and has had popular companies like Coca-Cola, Marico, Hindustan Unilever, and the Indian defense service as their enterprise customers. All of these were possible due to its team of more than 400 surveyors, post-physical and satellite surveys, and most importantly, its 25 years of research. The company now has a repository of more than 2 Cr data points, including 3D data visualizations, telematics, and navigation systems under its belt.
Map Data collection work
The company not only sends more than 400 surveys in the field but also collects hundreds of attributes like footprints, doorsteps, floor numbers, flat numbers, and photographs of every location. It is because of this information that the company has created a digital map of the country of inter-connected information with all those geographical markers and coordinates. MapmyIndia has also entered into more than 100 strategic partnerships with tech and marketing companies, to facilitate the process of data collation faster.
Four Key Markets of MapmyIndia
In terms of the verticals, MapmyIndia addresses four key markets:
Direct consumers (through free and paid app/maps)
Automotive (40% of revenue)
Mobile Internet (20%) and
Enterprises and government (40% of revenue).
MapmyIndia – Revenue and Financials
MapmyIndia QoQ Financials
The operating revenue in Q1 FY23 of MapmyIndia, grew by 50.2% to stand at Rs 65 crore when compared to the revenue it received in the corresponding quarter in FY22.
The expenses of the company also increased by 37.5% in Q1 FY23, when compared with the Rs 27.4 crore expenses it registered in Q1 FY22. The expenses of MapmyIndia in Q1 FY23 are registered at Rs 37.7 crore.
The PAT of MapmyIndia rose 17.5% YoY in the first quarter of FY23, to become Rs 24.2 crore.
MapmyIndia YoY Financials
MapmyIndia’s revenue from operations was close to Rs 200 crore in FY22. The company earlier registered Rs 153 crore in operational revenue, which grew by 31%. The revenue from operations of MapmyIndia was previously noted to be Rs 135.2 crore and Rs 149 crore in FY19 and FY20 respectively.
The expenses of MapmyIndia rose only slightly, by 11%, up from Rs 113 crore in FY21 to become Rs 125 crore in FY22. MapmyIndia expenses were earlier registered at Rs 120.16 crore in FY19 and Rs 131.78 crore in FY20.
MapmyIndia profits after tax (PAT) stood at Rs 87 crore in FY22, which witnessed a 45% rise from Rs 59.4 crore worth in profits in FY21. The profits were earlier Rs 33.6 crore in FY19 and Rs 23.2 crore in FY20.
MapmyIndia – Market Share and Funding of MapmyIndia
MapmyIndia cloud mapping services are used by many well-known tech companies such as Paytm, PhonePe, Amazon, Alexa voice, Flipkart, Uber, Ola, Grofers (now Blinkit), for various things like planning, operations, and customer experience. The company also offers advanced navigation and location services to the vehicle manufacturer and has a 95% market share in GPS navigation in India. It also claims to have 5,000+ enterprise customers with an 80% market share in the location intelligent space.
MapmyIndia Funding
MapmyIndia has so far raised $34 million in venture capital financing in the three rounds since 2007 from Lightbox Ventures, Nexus Venture Partners, Qualcomm Ventures, and Zenrin. In 2015, Flipkart announced that it has acquired 34% stake in the company for Rs 1,600 crore and provided a successful exit to MapmyIndia’s early investors.Over the years, the firm’s value has more than tripled due to the increase in the adoption of its technologies.
Date
Name of the Funding Round
Deal Value
Lead Investors
May 1, 2014
Venture Round
–
Lightbox
February 15, 2009
Series C
$9 mn
Qualcomm Ventures
August 10, 2007
Series B
$25 mn
–
April 19, 2007
Series A
–
–
MapmyIndia IPO
The company filed its draft offer documents with the Securities and Exchange Board of India (SEBI) on August 31, 2021. In its IPO, MapmyIndia was initially expected to go with an offer-for-sale of up to 7,547,959 equity shares by shareholders at a face value of Rs 2 each. This amounted to around 19% of post-offer paid-up equity share capital.
C.E Info Systems, MapmyIndia’s parent company, has increased its total IPO offering to 9,589,478 equity shares, as per the reports dated October 20, 2021. MapmyIndia parent has received SEBI’s approval for its IPO that will consist only of an offer for sale (OFS) from the promoters and the existing shareholders and would offload up to 9,589,478 equity shares, as per the reports dated October 30, 2021. C.E Info Systems had gone live with its IPO on December 9, 2021, where it has seen a strong response from retail investors. The IPO was subscribed around 0.53 times or 53%, as per the reports on 11 am on the same day.
The IPO of MapmyIndia parent witnessed a subscription of over 154 times, as reported on December 13, 2021. The upper limit of the IPO price band was at Rs 1,033, where the offer attracted bids close to Rs 1.12 lakh crore, as disclosed on the same date. The MapmyIndia shares were listed at Rs 1581, which is a 54% premium to its IPO price of Rs 1033 per share.
Infosys is one of the global leaders with its presence in over 50 countries and around 130 development centers in the world. There are over 3,14,000 employees in the organization with over 200 offices spread across the globe. It is also a globally certified, top employer. Headquartered in Bengaluru, the IT Services and consulting company has become the 2nd most valuable Indian brand. The company manages thousands of projects with excellence. Let us get insights into how Infosys sources its skill power to several locations around the globe and manages its project to create value for its clients.
The founder of Infosys is N.R. Narayana Murthy. He started the company in 1981 with only 10,000 rupees in his hand, borrowed from his family and six of his co-workers from his previous workplace.
The company managed without having a computer booth for two years.
It took them the same two years to get the computer that Mr. Murthy wanted.
The company could not afford to import data initially.
One might assume that being one of the company’s founders, the first employee at Infosys was Mr. Narayan Murthy. However, it was not Mr. Murthy but N. S. Raghavan who was the first employee.
The company was on the brink of collapsing after eight years. When one of their founders, Mr. Ashok Arora, left the company in 1989 and handed over the responsibilities to Mr. Murthy.
Milestones Achieved by Infosys
Infosys has achieved many heights till now, some of which are:
Infosys became the first Indian I.T. company to get listed on NASDAQ (National Association of Securities Dealers Automated Quotations)
While the world was still trying to overcome the biggest financial scam of 1992, Infosys finally became public in 1993. Its IPO was 13% subscribed.
It has received the 2021 Frost and Sullivan Strategy Leadership Award.
It was made public in the year 1993, opening the first Iraq-based sales, and won contracts for developing mission-critical software for very high-profile companies like Nordstrom and Nortel; from 1990 to 2001, revenue grew at over 80% per year.
In 1999, Infosys hired its 300th employee and became the first Indian-registered company listed on the Nasdaq. Its revenue that year reached 100 million US dollars.
The company now has its presence in over 50 countries, with over four decades of experience in managing the systems and workings of global enterprises.
Infosys has an arsenal of 260k+ employees and 1,659 trusted clients.
Infosys Business Model
A business model is a company’s core strategy for profitably doing business. It includes information like products or services the business plans to sell, its target markets, and any expected expenses. Since its inception, Infosys has been the face of the Indian IT sector. Its business model caters to two categories: IT Consulting and IT Services.
In its initial years, Infosys focused primarily on international markets, such as the US and UK. The Global Delivery Model (GDM) was its primary business model. During the 1990s, Infosys concentrated on a few sectors, such as banking and finance, and manufacturing. Infosys’ exponential growth is because they charge a lower premium than companies like Accenture and IBM.
Consistent growth is very necessary for any business to maintain its existence. By increasing its per capita revenue, visibility in the business, client portfolio, and changing its investment strategies, Infosys has maintained a consistent growth record.
Infosys Partnership Strategy
Infosys created a unique system that transforms its clients into partners. Their long-term success has been greatly enhanced by this partnership strategy. The investments made by these partners have allowed them to make significant profits.
Infosys Global Presence
The company has built a network of branches across the globe, which allows its services to be provided in many countries. They have branches in the United States, India, Europe, China, Australia, Japan, and the Middle East. The company has 116 development centers, 84 sales and marketing offices, and 18 international offices.
Infosys’ revenue generation model is considered one of the top development systems in the IT industry. Among its revenue-generating activities are:
Enhancing Process – The incorporation of cutting-edge technologies and gathering data from external sources helps them save time and improve their efficiency against their competitors.
Increasing Profit Margin – Outsourcing their work to offshore branches allows them to increase their profit margins.
Increasing Reuse – With years of experience, expertise in management systems, and their Knowledge Currency Units, Infosys has an advantage over its competitors.
Small Steps to Giant Leaps – A Center of Excellence in every business unit has enabled them to fund projects on broader scales.
Global Delivery Model – Infosys generates approximately two-thirds of its revenues from the North American market thanks to its strategic IT services and professional consulting.
Conclusion
Infosys has become one of the top companies in the I.T. industry. The key takeaways from the company’s success story are:
As a result of the inspiration of the founders, it is one of the most respected companies in the world.
Setbacks happen, but that does not mean you do not take risks and embrace change.
Keep yourself updated with cutting-edge technology to get an advantage over your competitors.
Having a global presence can help you reach more clients.
Have a strategy that works the best for you.
The strategy to expand its services in different corners of the world, the acquisition opportunities, creating trust and value for its clients, and a proper profitable business model made the Company grow so huge. Infosys has amplified the potential and opportunities for people and businesses. It is among the most valued Indian companies leading the IT Service industry globally for years.
FAQs
When was Infosys founded?
Infosys was founded in 1981 in Pune.
Who is the founder of Infosys?
N.R. Narayana Murthy is the founder of Infosys.
Who is the CEO of Infosys?
Salil Parekh is the CEO of Infosys since 2018.
What is the revenue of Infosys?
The global revenue of Infosys Limited amounted to about $13.56 billion in FY2021.
The information technology market is among the fastest-growing segments of the economy, with endless possibilities for professional advancement. The industry provides immediate jobs, options in all sectors, various professions, and large pay, and it is simple to join this market without a bachelor’s degree.
A career in IT means helping folks, fixing issues, and trying new things daily. It’s a versatile field that benefits both generalists and specialists. Furthermore, it is a broad industry with good entry-level pay. So, if you want to build your career in the IT industry check out these steps.
If you want to make a career in IT, you should understand what that entails or what sorts of jobs are available. Exploring to familiarise oneself in the IT domain is a smart approach. There are numerous Youtubers, webcasts, discussion portals, and articles devoted to teaching you about IT jobs and which IT jobs are a better match for you.
Make a list of roles that amaze you. Do you want to support a firm’s computer systems operating smoothly, or do you want to create websites? What types of firms pique your interest? What roles do you think you’d be interested in?
This will assist you in narrowing down your job hunt. It will also familiarise you with a few of the terminology you will find throughout the phase. If you’re unsure where to begin, check out popular entry-level IT roles or research IT professions.
Do you believe that IT roles are just available in large cities?
That isn’t entirely accurate. While big American tech giants and innovators are centered in urban parts of the nation, IT professionals can work for practically any entity that utilizes a pc. IT employees may be needed at your bank, college, or local hospital. Furthermore, there is proof that localities are developing into unique startup centers. Startup financing has increased in cities such as Boulder, & Ann Arbor recently.
Remember that roles in big towns may also be open for working remotely.
2. Improve Your Pertinent It Skills
Managers’ preferences for skillsets in IT employees can differ by role. Examine multiple job postings that allure you to view what skillsets you should hone.
Here are some skills that you’d see in an IT JD.
System software: Knowledge of the Linux, and MS OS can place you in a decent role with a range of products & widen the firm for which you are eligible.
Safety: A basic insight into digital technology safety can help you in your career as an IT expert. Encryption is an example of such a notion.
Channels: Understanding the fundamentals of connectivity issues such as internet connectivity and Internet protocol services may prove to be helpful in one’s job hunt.
Interaction: Interacting with those around will almost certainly be an important task in IT. IT experts are frequently required to aid other internal stakeholders with operational glitches or to help teams to launch big initiatives. Enhancing your soft skills could be extremely beneficial to your career.
3. Obtain Certification
Cert is an excellent method to access a cert while also learning basic IT topics. If you’re entering the industry, you can discover a broad range of fundamental IT definitions by obtaining a particular entry-level credential.
Accreditations in specific fields of IT, such as cybersecurity or systems, are available. It can be useful if you’re looking to get into a particular IT sector.
Obtaining a credential necessitates passing a test. Courses for certifications can be found on Google or in-person at spots like state universities.
Remember that certificates can charge big bucks. However, if you are optimistic in your plans to attend the IT field and need to gain skills and qualifications, it may be a good purchase. If you’re hired and believe that an IT credential would help both you & the firm, you can ask your boss if they could cover the test fees.
Employment of the IT-BPM industry in India
4. Boost Your Expertise
If you’re searching for a career as a computer technician or an administrator, a skillset in your domain is probably to be among your most valued assets. You can attain expertise in several ways.
Courses: Curriculum, whether digital or in-person, frequently necessitates the completion of practically oriented projects. Some of them might even help you prep for certifications. You might also be able to locate beginner’s IT classes at your university or virtual.
Individual initiatives: If you perform well without a lot of frameworks, you can experiment with learning through side projects. Developing your apps, designing a webpage for a buddy, or toying with a network system can all put your knowledge to the test & offer you stuff to brag about in interviews.
Summer jobs: Traineeships may not necessitate expertise & can be an excellent way to put your abilities to use in a workplace.
Freelance work: Web designers, for example, can work as contract workers. While searching for a good career, freelance work can be a nice way to end personal projects.
Volunteer work: Many non-profits require assistance. Delivering your expertise can assist you in completing hands-on initiatives which you can use to support a resume.
Schooling: While a bachelor’s isn’t required for several IT roles, you can obtain the necessary in-depth knowledge in a similar field such as comp sci. If you’ve got the energy and time to devote to a bachelor’s or diploma, it’s a viable option.
5. Build Connections
Socializing can help you learn about a specific job role, expose you to possibilities you might not have known about, or get a leg up in the interview process. Old workmates, pals, relatives, former school alumni, and folks you connect with on career platforms like Linkedin can be part of your network.
Keep in mind that effective connections do not always result in a better job. You can also use networking to discover what is it to operate in IT or get help with your job hunt.
6. Find Entry-Level Jobs
A small bit of relevant work expertise in almost any domain is required for an entry role. However, despite the diversity of tasks you can carry on with an IT employee, an entry-level role may have a multitude of labels. Here are some entry-level designations to glance at in your new career:
Game Developer
IT coordinator
Customer Care expert
System expert
Database administrator
7. Improve Your Communication Skills
You will probably be asked both behavioural and technological questions during the recruitment process for a role in IT.
Practice your solutions to various IT interview topics to help you prep for a session. Read the JD to get an idea about what you’ll need to learn. Prepare some tales about your prior events, such as back when things ran smoothly and occasions when they didn’t—and what you’ve done about that.
Conclusion
IT has permeated and profited all industries. IT experts are sought after for their skill and knowledge in designing, supporting, and maintaining computer systems for a wide range of industrial and personal uses.
There are numerous prospects for advancement in IT, no problem where you begin or in what capabilities you begin. It offers amazing opportunities for career growth and advancement.
If you desire to seize opportunities for advancement that professions in IT provide, you must devote yourself to broadening your understanding, achieving your career aspirations, and devoting yourself to your organization’s growth. When it comes to IT jobs, the more manoeuvrable you seem to be, the more useful you’re to your boss.
So, if you’re considering a new journey or a fresh start and thinking about what would be a pretty good gig, the IT sector could be at the forefront.
FAQs
How can I make my career in the IT industry successful?
Work on your communication skills, gain practical knowledge, build an amazing resume, and research the company you want to join.
How do I get into the IT industry with no experience?
Getting a certification, Networking with the right people, Improving your skills, and looking for entry-level jobs are some of the ways you can get IT industry with no experience.
Is the IT industry a good career?
Yes, the IT industry is an industry where you can easily get into and build a successful career. The industry is full of opportunities.
Quixy is a cloud-based user-friendly business application platform that empowers business users with no coding skills to automate workflows & processes, and build enterprise-grade applications, using simple drag and drop design, ten times faster compared to the traditional approach.
Quixy provides dozens of pre-built solutions for a variety of use cases such as CRM, Project Management, HRMS, Travel and Expense Management, Service Request and Incident Management, and much more.
Within a year, since its inception, Quixy has been recognized as a Leader in No-Code Application Development based on the customer reviews on G2.
Quixy is a cloud-based user-friendly no-code application development platform that empowers business users with no coding skills to automate processes and workflows to build enterprise-grade applications, using simple drag and drop design, ten times faster compared to the traditional approach consequently enhancing efficiency, transparency, and productivity of business operations. The platform includes an integrated cloud database, a visual application builder, enterprise-grade security, regulatory compliance, and scalable global infrastructure.
Quixy is a completely visual, easy-to-use, a no-code platform that helps businesses automate processes across departments and build complex custom enterprise software faster, with higher quality and lower cost; all without writing a single line of code.
Quixy is agile and flexible, resulting in improved efficiency in all processes and openness at all levels. By offering valuable data in real-time, Quixy facilitates monitoring of all areas and provides scope for improvement on an on-going basis. And so far, Quixy is Bootstrapped.
Quixy – Founders and Team
Quixy is founded by Gautam Nimmagadda.
Quixy Founder – Gautam Nimmagadda
Technology enthusiast, Gautam is a motivated leader who is committed to delivering values to customers, partners, and associates alike. He has done his M.S. in Computer Science at the University of Iowa. He relishes working in challenging situations and loves solving complex problems.
Vivek Goel is the Vice President – Marketing & Evangelism. He has 19+ years of leadership experience in IT companies of all sizes ranging from start-ups to large organizations in India and the USA. Expertise in strategy and operations across functions including Marketing and Business Development, HR, Process and Quality, Project Management, and Product Development. Mr. Goel has done his B.Tech in Electronics and Communicationsfrom BIT, Ranchi. Vivek also has volunteer experience as a Program Director at Solving Minds since 2010.
Raveesh is Vice-President of Sales & Partnerships at Quixy. He has done his M.S. in Marketing with Specialism in Customer Management from the University of Strathclyde.
Quixy is powered by a diverse team of passionate and exceptional talent, go-getters, and dreamers who are here to challenge the status quo and disrupt how things are done today. Their approach gives individuals greater ownership of work and input into decisions and makes for a more efficient and happier workplace. Their current team size is 40.
How was Quixy Founded?
Quixy’s founding team comes from an IT services background. A big chunk of the experience involved developing custom enterprise applications for various industries. Currently, whenever any business requires digitization of their processes, the available options are either procurement of a COTS product or custom development done by an external or internal team of developers.
COTS products by default have limited customization options. Any additional customization is either not possible or attracts hefty customization cost and time.
Also, procuring different COTS products for each requirement creates software clutter where each software works in a silo without talking to each other.
Custom development, on the other hand, costs businesses time and money and is not always successful since business requirements are lost in translation as the business users are not involved throughout the development life cycle.
Effectively, both alternatives cost business time and money without ensuring success hindering business growth and competitive edge in the market. As a result, every IT team has a huge backlog of software needs from the business that they are unable to attend.
The team wanted to change that and found the answer in no-code application development.
Quixy – Name, Logo, and Tagline
Quixy stands For Quick and Easy! Quixy is an ideal platform for application development that is based on business processes. The platform is Quick and Easy to learn, build, deploy, and use.
Quixy Logo
Quixy- Vision, and Mission
Quixy’s vision is to digitize every business in the world with the power of citizen developers. They want to achieve 1 million active users on the platform by Q4 2026.
Quixy – Products and Services
In the current no-code low-code space, on one end there are advanced low-code platforms that can only be used by certified developers to build applications. On the other end of the spectrum, they have basic no-code platforms that business users can use as an alternative to replace excel spreadsheets and improve team collaboration.
Quixy is positioned in between the spectrum as an advanced no-code platform that allows business users to use the advanced features of their platform to build relatively complex enterprise-grade applications without writing any code.
Quixy – Target Market Size
The no-code, low-code development platform market is projected to grow from USD 13.2 billion in 2020 to USD 45.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 28.1%.
Quixy – Business and Revenue Model
Quixy’s business model works on a paid SaaS Subscription model.
Quixy – Customers/ Clients
Quixy currently has customers in more than 10 countries in 5 continents across 10+ industry verticals.
Refer to Case Studies to learn how organizations are using Quixy to automate processes and build applications without writing any code.
● Off-the-shelf solutions have customization challenges and create silos.
● Traditional development is time taking, expensive, and requirements are lost in translation or change by the time delivery is done.
Quixy provides the third alternative as an advanced no-code platform. The platform can be used to build applications and integrate them with other third-party applications without writing any code 10x faster thereby addressing the challenges associated with the traditional options.
Quixy – Opportunities
● As per a recent Gartner research, by 2024, low-code no-code application development will be responsible for more than 65% of application development activity.
● A recent study by McKinsey, found organizations that empower citizen developers score 33% higher on measures of innovation than those who do not. 33%!
Quixy’s competitors are other B2B low-code and no-code companies offering enterprise application development platforms. Some of their top-competitors are Nintex, Quickbase, Betty Blocks, Appian, Outsystems, Mendix, Kintone, etc.
Quixy – Recognitions and Achievements
– Rated Leader No-Code Application Development
– High Performer in 4 other categories on G2
Business Process Management Software
Digital Process Automation (DPA) Software
Workplace Innovation Platforms
Workflow Management Software
– Also, ISO 27001 and Soc 2 Type 2 certified.
Quixy – FAQs
What is Quixy?
Quixy is a cloud-based user-friendly no-code application development platform that empowers business users with no coding skills to automate processes and workflows to build enterprise-grade applications, using simple drag and drop design, ten times faster compared to the traditional approach consequently enhancing efficiency, transparency, and productivity of business operations.
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 the organization it is based on.
Hewlett-Packard Company, American manufacturer of software and computer services. The company split in 2015 into two companies: HP Inc. and Hewlett Packard Enterprise. Headquarters were in Palo Alto, California. Operating in 170 countries with a network of more than 250,000 channel partners, HP uses the power of ideas to put technology to work for everyone, everywhere. HP’s slogan is “HP invents, engineers, and delivers solutions that amaze.”
The firm’s motto is ‘Keep reinventing,’ which refers to both its internal operating strategy, and its ability to reinvent itself by launching new products such as the thinnest laptop in the world, or by revolutionizing manufacturing with its 3D printing technology. According to the firm’s internal figures, HP ships 1 PC & 1 Printer every second, is ranked first or second in every market and product category where it competes, while powering 430 of the global Fortune 500 companies.
The Hewlett-Packard Company, commonly shortened to Hewlett-Packard or HP, was an American multinational information technology company headquartered in Palo Alto, California, that developed and provided a wide variety of hardware components, as well as software and related services to consumers, small and medium-sized businesses (SMBs) and large enterprises, including customers in the government, health and education sectors. The company split in 2015 into two companies: HP Inc. and Hewlett Packard Enterprise.
The company was founded in a one-car garage in Palo Alto, California by Bill Hewlett and David Packard in 1939, and initially produced a line of electronic test and measurement equipment. The HP Garage at 367 Addison Avenue is now designated an official California Historical Landmark, and is marked with a plaque calling it the “Birthplace of ‘Silicon Valley’”.
Hewlett Packard – Logo and its Meaning
The HP logo possesses a plain and simple look which is a definite representation of the company’s assurance of reliance and strength. In addition to being popular in the IT world, HP logo is well reputed among other fields.
Logo of Hewlett Packard
Shape of the HP Logo: The HP logo comes in a square with curved edges. Right in the centre of the logo is a ring which contains the font. The font is shown upright in the middle, providing elegance and distinction to the HP logo.
Colour of the HP Logo:The HP logo contains only blue and white colours. The shades together give an appearance of simplicity and sophistication to the overall logo. The sapphire background offers a sharp contrast to the white fonts, making the logo look captivating and inspiring, as well as preserving the company’s solemn approach to the business world.
Font of the HP Logo: The font used in the HP logo is simple and presented in italic. It comes into view vertically, in a bold and unique manner, capturing the entire concentration and appreciation of the viewer.
Hewlett Packard – Founder and History
The company was founded on January 1, 1939, by William R. Hewlett and David Packard, two recent electrical-engineering graduates of Stanford University.
It was the first of many technology companies to benefit from the ideas and support of engineering professor Frederick Terman, who pioneered the strong relationship between Stanford and what eventually emerged as Silicon Valley. The company established its reputation as a maker of sophisticated instrumentation. Its first customer was Walt Disney Productions, which purchased eight audio oscillators to use in the making of its full-length animated film Fantasia (1940). During World War II the company developed products for military applications that were important enough to merit Packard a draft exemption, while Hewlett served in the Army Signal Corps. Throughout the war the company worked with the Naval Research Laboratory to build counter-radar technology and advanced artillery shell fuses.
After the war, Packard became responsible for the company’s business, while Hewlett led its research and development efforts. Following a postwar slump in defence contracts, in 1947 Hewlett-Packard returned to the revenue levels of the war years and grew continuously thereafter through a strategy of product diversification. One of its most popular early products was a high-speed frequency counter that it introduced in 1951. It was used in the rapidly growing market of FM radio and television broadcast stations for precisely setting signal frequencies according to Federal Communications Commission regulations. Military sales during the Korean War also boosted company revenues.
Mission Statement, “We earn customer respect and loyalty by consistently providing the highest quality and value. We achieve sufficient profit to finance growth, create value for our shareholders and achieve our corporate objectives.”
Hewlett Packard – Business Model
HP, Inc. is a technology company that provides hardware, software, and other solutions. The company maintains three reportable business segments:
Personal Systems – This segment includes consumer personal computers (PCs), commercial PCs, thin client PCs, tablets, workstations, retail point-of-sale systems, calculators and related accessories, software, and support/services.
Printing – This segment includes commercial and consumer printer hardware, media, supplies, software and services, and scanning devices.
Corporate Investments – This segment includes HP Labs (facilities that conduct R&D), various enterprise-related business incubation projects, and venture-focused minority investments.
Hewlett Packard – Revenue and Growth
HP revenue for the twelve months ending July 31, 2020 was $56.788B, a 3.28% decline year-over-year.
HP annual revenue for 2019 was $58.756B, a 0.49% increase from 2018.
HP annual revenue for 2018 was $58.472B, a 12.33% increase from 2017.
HP annual revenue for 2017 was $52.056B, a 7.91% increase from 2016.
Hewlett Packard – Investments
Hewlett-Packard has made 28 investments. Their most recent investment was on Jun 29, 2016, when Keen raised $14.7M.
Date
Organization Name
Funding Round
Amount
Jun 29, 2016
Keen
Series B
$14.7M
Mar 1, 2006
Cassatt
Series D
$15M
Sep 30, 2005
China Rapid Finance
Series A
$4M
Oct 27, 2003
End2End Holdings
Venture Round
€10.5M
Aug 8, 2002
End2End Holdings
Venture Round
€20M
Jan 17, 2002
End2End Holdings
Venture Round
€24M
Jan 2, 2002
terraspring
Series D
$28M
Jan 2, 2002
New Media Venture Partners
Venture Round
$17M
Sep 17, 2001
ClearCommerce
Series D
$9.5M
Nov 28, 2000
mindSHIFT Technologies
Venture Round
$21M
Hewlett Packard – Acquisitions
Hewlett-Packard has acquired 104 organizations. Their most recent acquisition was Bromium on Sep 19, 2019.
Company
Date
Amount
About Acquired Company
Bromium
Sep 19, 2019
–
Bromium develops software with micro-virtualization and hardware-based security solutions for enterprise desktops
Apogee Corp
Aug 1, 2018
£380M
Apogee Corp is supplier of digital document solutions, independent managed print services and cutting edge digital equipment
Samsung Printing Solutions
Sep 12, 2016
$1.1B
Samsung Printing Solutions explore and delivers digital revolution to the printing industry with solutions
DAVID Vision Systems
Jul 4, 2016
–
German company DAVID Vision Systems GmbH is a manufacturer of laser 3D scanning
Aruba Networks
Mar 2, 2015
$3B
Aruba Networks provides access management, network infrastructure and mobility application solutions for mobile enterprise networks
Voltage Security
Feb 9, 2015
–
Voltage Security delivers data-centric security software solutions to protect data in the cloud, data centers, and mobile devices
Eucalyptus Systems
Sep 12, 2014
–
Eucalyptus Systems offers open source software that enable organizations to build AWS-compatible private and hybrid clouds
Shunra Software
May 1, 2014
$25M
Shunra is the industry-recognized leader in Application Performance Engineering (APE) and a pioneer in WAN Emulation
Hiflex Software
Dec 6, 2011
–
HIFLEX GmbH provides software solutions for print and media industries
Autonomy Corporation
Aug 18, 2011
–
Autonomy Corporation develops software that process human information and unstructured data
The split that led to the formation of Hewlett Packard Enterprise and HP Inc would be predicted as the downfall of this company in capturing majority share in the market. However, it seems like it still holds a significant stake in the industry.
Many brands also offer competition in the market by taking advantage of any lapses that Hewlett Packard might undergo and some includes Lenovo, Apple, Dell, Samsung, ASUS, Acer, IBM, Sony, and Toshiba.
Hewlett Packard – Challenges Faced
Hewlett Packard Enterprise Co. after splitting off its HP Inc. PC and printer division as a separate company in 2015, reported stronger-than-projected third-quarter sales on demand for servers and storage gear. Revenue was up 2.5 percent to $8.2 billion, the first time in five quarters the Palo Alto-based company beat analysts’ sales estimates. The two big challenges for going forward :
Growth via acquisitions HPE spun out into a standalone company in 2015 and almost immediately went on an acquisition spree, buying six companies in 18 months. The company acquired Cloud Technology Partners earlier this week, marking its fifth acquisition of the year.
Running a slimmed-down operation After the largest split in corporate history and tens of thousands of lay-offs, HPE is finally running a nimble operation. While investors are happy with the company delivering billions to shareholders and erasing debt, many are concerned it will come at the cost of innovation.
HP Announces Strategic and Financial Value Creation Plan that is expected to deliver $3.25 to $3.65 non-GAAP diluted net EPS by 2022. This significant expected earnings growth is supported by HP’s market leadership and track record of execution across Personal Systems, Print, and 3D Printing & Digital Manufacturing, disciplined and sustained cost actions, as well as a new capital return program of approximately $16 billion during fiscal 2020 to fiscal 2022. And it includes :
Expects to deliver non-GAAP diluted net Earnings Per Share of $3.25 to $3.65 in fiscal 2022
Announces $15 billion total share repurchase authorization program
Targets $16 billion capital return planned over three years, representing approximately 50% of HP’s current market capitalization
Plans at least $8 billion share repurchase within 12 months following its annual meeting
Xerox proposal: flawed value exchange, irresponsible capital structure, overstated synergies
