Targeting 20% organic growth in FY17: Kellton Tech

In an interview to CNBC-TV18, Niranjan Chintam, Founder & Chairman of Kellton Tech Solutions spoke about the results and his outlook for the company.Company has reported revenue growth of 6 percent and 35 percent on a quarter on quarter (QoQ) and year on year (YoY) basis respectively. The company is also targeting 20 percent organic growth in FY17."We have signed 18 customers last quarter (Q4 of FY16), which will reflect in revenues of Q1 and Q2 of FY17", he said.He expects margins to improve.Chintam further added that the company doesn’t look at acquisition by the size but consider two strategies for it -- customer acquisition and capability acquisition.The company is looking to raise Rs 125-150 crore.For entire interview, watch accompanying video...