Rocket Software, a global software company that provides predictive analytics using deep data and develops artificial intelligence and machine learning capabilities, to become a billion dollar company within the next 18 months, expands presence in India I set a goal. Said.
Currently, the US-based company has sales of approximately $800 million. “From a customer perspective, our footprint in India will grow two to three times. We are rapidly expanding our employee base across all four locations in India. I wouldn’t be surprised to see 650, then 700, and 1,000 in a few years.”
Founded in 1990, the company today has approximately 2,500 employees, 25,000 customers and over 250 partners. A new impetus came in 2018 when Bain Capital Private Equity acquired a majority stake in the company for approximately $2 billion.
“Our journey to India began when the company went from bootstrapping to investing more for rapid growth. We started as a full-stack development team in Pune, then Bangalore. With acquisitions we now also have teams in Hyderabad and Chennai These 4 cities are our growth hubs In the last 3 years we have grown 3x and expanded across all 4 sites is expected to continue,” added Shetti.
According to the company, its footprint is growing rapidly in India, with 7 of the top 10 insurance companies in India, 1 of the top payment bank operators and 1 of the top 3 mortgage lenders. , used by two of the top payment and financial technology partners. Rocket Software Services now.
Shetty said Rocket Software is looking to expand both organizationally and organically, with the company having made more than 50 acquisitions since 1990. , payment sector, private banks, housing finance, financial technology providers, etc. Given his stack of recession-proof software and India’s commitment to modernizing and digitizing, we are very bullish on the Indian market and its growth,” he added.