Cast Software eyes $9 mn revenue from India this year

By B D NarayankarParis, Jan 14 (PTI) Software intelligence provider CastSoftware today said it has set a revenue target of USD 8-9million from In...

By B D NarayankarParis, Jan 14 (PTI) Software intelligence provider CastSoftware today said it has set a revenue target of USD 8-9million from Indian market this calender year.

Cast provides software intelligence to IT companies formeasuring their software structural quality.

"Five years ago we started in India. We did a few hundredthousand. Then one million dollars and then 5 to 6 milliondollars. There was a 300 per cent growth. This calender year,we are eyeing for almost 8 to 9 million dollars revenue inIndian market," Cast Software Chairman and CEO VincentDelaroche told PTI in an interview here.

Cast uses system-level analysis to detect the dangerousstructural software flaws.

"India is one of the biggest opportunity for selling ofsoftware to giant companies like Infosys TCS, Wipro andCognizant. In fact, it is a potential goldmine for us," hesaid.

Replying to a query, Delaroche said unlike in China whereease of doing business is a difficult proposition, in India itis quite the opposite with smart tax system, which results inmaking lots of profit.

"If I keep some money in India and I reinvest it, I lowermy tax. If I try to bring money back to Europe, I am going topay India tax. So, we keep invested in India. With that, wecreate jobs and so on and so forth, which is a very fair game.

I love that. If I were the Prime Minister of India that iswhat exactly I would do. Indians are very matured business-wise," he said.

From business point of view, India is a very interestingmarket which has been growing very fast unlike the Europeancountries, where company hear about economic slowdown andrecession, Delaroche said.

"We started our company in India five years ago with twopeople. Now, we have more than 150 Indian employees. In someEuropean countries people complain about recession andeconomic slowdown, but when we fly down to India, everythingis happening," he said.

Asked about their expansion plans in India, Delarochesaid apart from having Cognizant and Infosys as their clients,a week back, Cast had signed a deal with Rajasthan government.

The company also is targeting Indian banks, including theState Bank of India.

Delaroche said he is inspired by Infosys Founder N RNarayana Murthy who is a symbol of simplicity and humbleness.

"I met Narayana Murthy. I see him as a very humble andsimple billionaire. I love that. In US and Europe, when youare a billionaire and in a big company, you typically are veryarrogant. This is not my culture," he said.

Cast operates on three continents with offices in US,France, China, India, Italy and Spain and has 350 employeesworldwide and works with some of the largest global companies,including Tech Mahindra, HCL, IBM, Societe Generale, CreditSuisse, Fannie Mae, and FedEx. PTI BDNBAL.

This is unedited, unformatted feed from the Press Trust of India wire.

Related Stories

No stories found.
The New Indian Express
www.newindianexpress.com