Sanovi to Scale India Operations
By Sonal Desai
Mumbai, Jul 24, 2008

The company already has a strong presence in the manufacturing and the BFSI space. It is now keen to tap the telecom and the oil and gas segments in the coming years.

P. P. Subramanian, president and CEO for Sanovi, in an interaction with CXOtoday said that the company bagged 12 large clients in the BFSI and three in the manufacturing sectors in the last one year.

The company earned $3 million as revenues in the calendar year 2007 (between January and December). It has set a target to earn $7.5 million by end 08, and $14 million in the calendar year 2009. Subramanian said that Sanovi got 90 % of its revenues in 2007 from its Indian clients and 10 % came from the US. In 2008, India contributed 75 % of its revenues and the US contributed the balance 25 %. "We have plans to now tap the south east Asian market in 2009."

"We will also looking at DR outsourcing deals. The new industries/companies do not carry a lot of IT baggage. They are also our potential customers." He said that a lot of investments will go towards developing sales and marketing teams and also on channel education in the next couple of years.

Sanovi sells its products for $40,000 per application. "Next year on, we will be selling the applications in Indian Rupee," said Subramanian.


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