ClaySys Technologies, the Kerala-based software consultancy and process automation company, is seeing its revenue increasing by two-fold in the next three years. Growth in revenue will chiefly come from its fast-expanding US footprint. The company specializes in the line of financial services business with a slew of products in the niche space of robotic process automation that completely automate data entry functions.
“We are a growing company. We are planning to grow by about 20% to 25% y-o-y in the next three years. We expect the revenue to double in the next three years.Last year we have done just over Rs 100 crore in revenue. At the current pace of revenue growth, we will cross the Rs 200 crore revenue mark in the next three years”, company founder and Chief Executive Officer (CEO) Vinod Tharakan said adding “while our earnings will be mainly driven by our growing visibility in theUS banking space,theentireback-office work will be done from our campuses in India, mainly from Kerala”.
He said there are about 10,000 banks and financial institutions in the US. “It is a very large but challenging market for us and atleast for the next three years, our growth plans are all within the US. We have customers in Europe as well, but I would say 95% of our market is still the US and our expansion plans for the next three years are also in the US market”, he said.
The company has been operating its back-office operations from Kochi since 2005. It is based in Infopark Phase II, Kakkanad. Currently, ClaySys has its offices in Infopark Kochi and Infopark Cherthala and an employee strength of over 1,100. It has started expanding its India footprint recently by setting up offices in Coimbatore in Tamil Nadu and in Goa.
