Just to clarify based on my understanding of IT Landscape
Offshore only Gross Margins are generally around 65-75% with USD 25 per hr billing rate depending upon experience level with another 20-25% for all other expenses , so OM of 40% is possible based on my practical experiences
If Company is allowing for Remote work with Rs 25000 per month median salary with Senior/Junior of 1/8-10, they can target tier2/3/4 towns folks OR folks wanting to work from their hometowns as per last 2 yrs trend in IT Market, so office expense(including no domestic travel) can saved due to above scenario
Also, moment one needs to set-up Onsite, with inflation, lesser supply and high demand and salary being high in last 2 yrs across Globe, OM mix will definitely decline in relation to % Onsite mix increase unless one tries to get only a Coordinator employee(low paid)/Offshore employee being sent Onsite after Visa instead of Managerial/Technical Lead sort of employee hired Locally (High pay)
Disclaimer : Not Invested but was just checking based on Growth rate
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