Information Tech

TO THE NEW targets rapid growth over five years


Technology services company TO THE NEW said it intends to expand its presence in the US and reach $300 million in revenue by 2026.

The company had reported revenue of $58 million in FY2021.

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It also intends to grow its team size to more than 5,000 people over the next four years from over 1,500 now.

TO THE NEW currently has offices in India, the UAE and the US, and will be setting up offices in Australia and New Zealand this year. The growth would come through a mix of organic and inorganic means, with the company looking at acquisition opportunities in the US, chief executive Deepak Mittal said.

“A lot has been said about the role of digital technologies in shaping the world that we live in, but a lot yet remains to be translated to actual adoption by companies today. TO THE NEW helps customers cross this digital divide supported by new-age services and solutions that are cloud-native,” he said. Mittal said the company had posted an over 60% compounded annual growth rate for the last few years.

The past year has seen an acceleration in the demand for digital services, with the company reporting a 63% increase in revenue and adding clients across sectors. It has also introduced a permanent work-from-home option for its employees, which it believes will help attract global talent.

Set up in 2008, the company has its delivery centres in Delhi, Dubai and New York.



Source : economictimes.indiatimes.com

ASu
I am tech enthusiast and a keen learner, Currently pursuing Bachelors in Computer Science from University of Delhi
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