This is just a business aspiration to be taken with a pinch of salt and not a guidance.
Other excerpts to be seen in conjunction: -
Ksolves currently has one of the best profitability profiles in Industry and that is reflection of
our financial discipline on a very asset-light business model with zero debt. OPM may
moderate a bit as the base grows, but | expect it to remain at the leading end of Industry Profit
profiles.
The major Business strategy of Ksolves in the last one year has been to achieve non-Linear
Growth by increasing revenue per employee and where the employee base remained
stagnant but revenue increased by ~50% in the last 3 quarters. This was achieved by
increasing the billing rate and utilization percentage of the bench and picking complex
technology projects which give better rates. This phase is almost exhausted and hence a large
part of growth in the coming year will come with a similar increase in employee base.
To support the growth journey from here, we are focusing on a hybrid model of delivery. In
this model, we foresee around 25-35% employees working from offices across three locations
that are Noida, Indore and Pune while the rest will work from anywhere they desire to work
from.
Ksolves currently is a 100% offshore delivery model and we are working on creating onshore
development centers in coming years specially in the USA region.
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