Infosys aiming to grow revenue from India six-fold to $1 bn in five years | business | Hindustan Times
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Infosys aiming to grow revenue from India six-fold to $1 bn in five years

business Updated: Jun 10, 2013 03:53 IST
Manu P Toms
Manu P Toms
Hindustan Times

When Infosys set up a separate division in India for its business practices, the new arm accounted for just 1.3% of its then total revenue, R268 crore. This figure has more than tripled in five years to R887 crore. But it still contributes a mere 2.2% to tech bellwether’s total revenue.

CN Raghupathi, vice-president of the company’s India division, said the strategy is to achieve domestic revenue of over $1 billion (R5,700 crore) in five years’ time.

He said the company is building solutions and technology models tailored to the needs of the Indian market, which can also be used in similar markets across Asia, Latin America and Africa. “It makes sense as growth will be faster in these regions. By 2030, the GDP of non-OECD countries will surpass that of OECD countries,” he said.

Infosys will focus on solutions for smart grid rollout, public finance modernisation, financial inclusion, health and education in India, he said.

The first phase of Infosys’ R800-crore contract to modernise India Post’s financial services will be done within this year while the company looks to bag smart-grid implementation projects in a number of states. A R275-crore project to revamp the ministry of corporate affairs' portal will also begin this year.

“Our strength is building platforms and solutions that run on top of the base (IT) infrastructure. Going forward, we will have a greater role,” he said.