Thinksoft, the Chennai-based independent software validation and verification service company, said on Monday it is aiming to become a Six Sigma testing company in next three years.
"Our vision is to become a Six Sigma testing company in the next three years. We have engaged an experienced hand from Ford to further improve the quality standards and attain the Six sigma status," Thinksoft Global Services Pvt Ltd CEO and managing director Asvini Kumar told PTI.
He said Thinksoft has been serving Global 500 companies in banking, financial services and insurance sectors and its clients include Citigroup, Deutsche Bank, Morgan Stanley, ABN Amro and Standard Chartered. The company recently bagged a big order from State Bank of India, Kumar said.
The company's workforce has grown to 300 from a team of around 50 in 1998. "We are confident of maintaining our growth rate at around 60 per cent and will increase the head count to 1000 in the next three years," Kumar added.
Kumar said the company's line of business is set for high growth. He cited a US study that said over two thirds of financial organisations experience major software errors due to 'inadequate testing' resulting in high repair costs and also loss of revenues, customers, market share etc.
Thinksoft earned a revenue of Rs 14 crore for 2003-04 and is targeting Rs 25 crore by in the current fiscal. "We are targeting a CAGR of 60 to 70 per cent over the next three years", he said.
{{/usCountry}}Thinksoft earned a revenue of Rs 14 crore for 2003-04 and is targeting Rs 25 crore by in the current fiscal. "We are targeting a CAGR of 60 to 70 per cent over the next three years", he said.
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