USD 1 bn revenue is next goal: MindTree Consulting

MindTree Consulting , an international IT and R&D Services Company that delivers business and technology solutions through global software development, has listed with a good premium of 47.5% over its offer price of Rs 425 per share on the NSE, which was as per the analyst expectations.

CMD of MindTree Consulting, Ashok Soota anticipates that the company will grow better than the industry, which is expected to grow 28-30%. He informs that inorganic growth has been contributing less than 8%; they intend to take it up to 20%. He also adds that the nature of growth for the company will primarily be organic. He also expects margins to remain stable.

Soota states that their next goal is to reach USD 1 billion in revenues; however, he has not set a timeline to achieve it.