We are targeting Rs 625-650 crore of revenue in FY17, says Niranjan Chintam, Founder & Chairma of Kellton Tech Solutions.
FY17 revenue seen at Rs 625-630 crore, says Niranjan Chintam, Founder & Chairman of Kellton Tech Solutions.
"We have signed 18 customers last quarter (Q4 of FY16), which will reflect in revenues of Q1 and Q2 of FY17", Niranjan Chintam, Founder & Chairman of Kellton Technology said. He expects margins to improve.
Founder & Chairman Niranjan Chintam says Kellton Tech has marquee customers in the digital transformation space in which competitors are yet to catch up and that will help in achieving the guidance.
Going forward, the company‘s founder & Chairman, Niranjan Chintam is confident of achieving FY16 revenue guidance of Rs 600 crore and a 30 percent growth in the organic business.
Speaking to CNBC-TV18, Niranjan Chintam, Founder & Chairman of the company says that the acquisition will help improve Kellton‘s capabilities and expand its customer reach.
Speaking to CNBC-TV18, Chintam said the company is looking at acquisitions to aid its growth. The acquisitions will be funded either via Qualified Institutional Placement (QIP) or by raising equity.
Niranjan Chintam, Founder and Chairman, Kellton Tech says QIP will be used to raise USD 15 million, of which USD 5 million will be used for debt reduction and the rest for future acquisitions.
Kellton will pay USD 14 million for acquiring the US-based company over 3 years. The acquisition will be funded via equity and debt.