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Information contained in this news release is current as of the date of the press announcement, but may be subject to change without prior notice.
December 7, 2016
Growth to come from a strong push in cloud and security businesses
New Delhi, December 7, 2016: Hitachi Systems Micro Clinic (HSMC), an end-to-end IT Services and Solutions provider, today said that it expects revenues to grow from Rs. 350 crore in FY 2015 to Rs. 1,000 crore by 2018. The company has registered a CAGR of 58% in revenues over the last three years; making it one of the fastest growing mid-sized IT companies in India. HSMC also said it expects revenues in current financial year to exceed Rs. 600 crore, buoyed by strong growth in cloud and cyber security businesses.
HSMC caters to the government, private and public enterprises, and the growth over the past year is attributed to a growing demand for cyber security services, largely in the public sector. The Indian government has made it mandatory for all the ministries and listed companies to have a security policy, which has led to increase in the company's client portfolio. HSMC is also a key player in the cloud computing industry since 2008 and is helping its clients move from CAPEX (Capital Expenditure) to OPEX (Operational Expenditure) model.
Tarun Seth, Managing Director, Hitachi Systems Micro Clinic said, "A rapidly growing enterprise adoption of cloud computing and cyber security has put us in a great position to continue our above-average growth. We are also looking to launch new strategic initiatives and target new customer segments as we work towards making our 'Mission 1,000 crore' a reality."
HSMC is present in 19 Indian cities and has close to 180 service locations for their B2C clients. They have created a separate wing that works closely with Amazon, Oracle and Microsoft to help the customers optimize cloud apps based on their requirement.
Tarun said, "HSMC is growing so fast because of the heterogeneous list of customers. We believe that this growth will continue because of government's emphasis on digitalization and the Digital India campaign. Concerted effort will be dedicated towards the following industries to achieve this growth projection - IT enabled Services (ITeS), Banking, Financial services and Insurance (BFSI), Pharma, Manufacturing, Retail, Government."
Seth added that HSMC will launch a Security Operations Center (SOC) and Remote Monitoring Services for Security and will expand operations to reach more industries like Pharma and Retail amongst others.
HSMC currently serves diverse IT requirements for industry portfolios including Government, banking and finance, IT and ITES, Manufacturing, Retail, Automobiles, Travel among others. The company's clients include marquee names like Samsung, MakeMyTrip, JK Tyre, Apollo Hospitals, Aircel, Reserve Bank of India, L&T, and Tata Motors.
HSMC said it will leverage its strong global brand equity and long term relationships with key OEM vendors such as HP, Hitachi Data Systems, McAfee, Microsoft, Cisco, among others to sustain its above-average growth. The company is also looking to reshape its business portfolio as it transforms from a distribution and hardware player to a services and solutions provider.
"We expect cloud business to contribute to 50% of our revenues by 2020, growing from a 5% share at present. We are also best suited to take advantage of the 'Digital transformation' phenomenon wherein companies are moving away from investing in infrastructure to operating via Cloud. Also, there will be special focus on start-up community given the market shift, as many startups are running only via cloud services," Seth added.
HSMC has recently started two new business segments: Security Incident & Event Monitoring (SIEM) Services and HP Managed Services. The company has also invested in SOC and Remote Monitoring Services for Security and plans to launch the services in the coming weeks. HSMC recently tied up with Japanese firm Spline Network Inc. to launch TonerSaver in India.
This year, the IT services company also completed 25 years of expertise as an end-to-end IT systems integrator.
Hitachi Systems Micro Clinic is an End-to End IT Services & Solutions provider that helps businesses to meet today's challenging & complex IT requirements by offering High End Solutions such as End User Computing, Server Backup & Storage, Virtualization, Networking, Security, Cloud Platforms and High - End Services such as Managed IT Services, Data Centre Services, Professional Security Services, Application Services, and Cloud Services.
Fuelled by Hitachi Group's Social Innovation Business, Hitachi Systems Micro Clinic rapid growth over the years is a testament to the endless possibilities that our clients experience every day with us. Building with 25 years of experience, we offer real value to organizations through our domain expertise & IT solutions with proven track record in the field of IT Integration and world-class service. It's how we keep you moving forward.