A senior company official said on Monday that SourceFuse expects to make revenue of USD 22 million about Rs 175 crore in the current financial year.
SourceFuse Co-CEO and Co-Founder Gautam Ghai told PTI that the company has doubled its revenue every year for the past three years.
In the last financial year, the US-based firm, which has over 90 per cent of its employees in India, had revenue of around USD 11 million.
Ghai said that we have set up a five times in three years goal from where we are this year.
The US accounts for 45 per cent of the company's total revenues, India has 30 -- 35 per cent and 20 -- 25 per cent of the business comes from the rest of the world.
The company helps technology and non-technology firms modernise their applications by providing cloud computing based services.
In English, a cobbler never mends his shoes. Their technology firms' teams are very busy with business as usual. Ghai said that they brought in a lot of research and development research and development R&D to see how they get into rearchitecting as they move to a next-generation level of the product.
The global SourceFuse employs around 500 employees, of which around 450 are located in India.
We will look more like 700 people by the end of the year. We are growing quite quickly. We have increased our training and development program for freshers.
We are taking in a batch of 100 freshers this year, which is quite large for a company of our size. Ghai said that we are not a cheap company to work with, which means that we can also scale up people's compensation.