Jul 27,2017

Business Standard: Adrenalin eyes Rs 200 cr biz; to expand overseas presence

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CHENNAI, JULY 27, 2017:

Digital HR technology firm Adrenalin eSystems Ltd has outlined ambitious plans which include touching Rs 200 crore revenue by 2021 and expansion in Japan, Australia, a top official said today.

"We added 131 new clients in 2016-'17. And over 50 per cent of them have added Adrenalin Cloud HCM solution. In terms of revenue this year (2017-18) we will be touching Rs.100 crore," Adrenalin eSystems Ltd. Chairman and CEO Krishna V Giri told reporters here.

On the future plans, he said, "last year, we grew by 88 per cent in revenue and we hope to achieve the same 88 per cent growth for the coming year. Hopefully, we will touch Rs 200 crore revenue by 2020".

According to him, 62 per cent of revenues came from the domestic market while remaining is across company operations in Singapore, Manila, Middle East.

"I am also interested in entering markets like Australia and Japan in the coming years", he said.

Intellect Group holds 40 per cent stake in Adrenalin eSystems Ltd and Intellect Design Arena chairman and managing director Arun Jain is also a promoter in the city-based company.

Source: http://www.business-standard.com/article/pti-stories/adrenalin-eyes-rs-200-cr-biz-to-expand-overseas-presence-117072701106_1.html