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.
"Today, we are a leading enabler of digital transformation due to our strong investment and focus on the digital technologies, and our continued growth and expansion," the company's Founder and Chairman Niranjan Chintam said in a statement.
Kellton said in a statement that it funded the entire acquisition through internal accruals but gave no details of the financial transaction.
In an interview with CNBC-TV18, Niranjan Chintam, Founder and Chairman, Kellton Tech, says Kelton Tech is on course to meet its Rs 600 crore revenue target for this year
The company said in a statement it would provide services in the areas of ISMAC (Internet of Things,Social, Mobile, Analytics, Cloud) and ERP-EAI (Enterprise Resource Planning &Enterprise Application Integration) among other IT services.
Niranjan is very confident that Kellton Tech will manage to be fully paid up by the end of this calendar year.
With this move, Kellton Tech, which has been on an acquisition spree for the last few years, expects to notch up revenue of about Rs 500 crore (USD 80 million), a figure somewhat close to its August 2016 target of Rs 600 crore.
Kellton will pay USD 14 million for acquiring the US-based company over 3 years. The acquisition will be funded via equity and debt.