Dharma Life Sciences develops 25 trait solutions and files 15 patents
The company is working on filing patents for remaining solutions as well in the coming months.
Dharma Life Sciences, an offshoot of the 25-year-old software company, Dharma Systems, identify and develop trait skills required to increase the efficiency of employees and make them into coherent, productive group for the organisation.
The programmes are based around scientifically proven actions, which are seamlessly integrated with other development goals currently established within an organisation.
Talking to Deccan Herald, J Sasidhar, CEO, Dharma Life Sciences said, “We have spent around $2 million in research, software development and field trials in India.”
Currently, the company has staff strength of 45 with five counsellors, and has five corporate and 1,000 individuals as customers. “By the end of this year, we are targeting to tap over 100 corporates. For this, we will be hiring 25 counsellors in the next three months,” said Sasidhar.
Talking about revenues, Sasidhar said, “For calendar year 2016, our goal is $750,000. For the next calendar year 2017, our goal is $4 million. This will be through both direct sales as well as revenues through partners. Our goal is also to reach profitability by early 2017, and not just focus only on growth.”
On the market opportunities, he said, “Since Dharma Life has a wide applicability, we have been trying to focus on specific markets initially to become successful. The focus today is only on two geographic markets - Bengaluru and New York. In terms of vertical markets in Bengaluru, it is IT, and in New York, it is IT and media/advertising. Once we achieve 30% penetration, then we will target other geographies as well as verticals both directly and through partners.”
In India, the organised sector is still growing and China will be the second fastest growing market.
Today, there are around 30 million employees in India who work in the organised sector. “And, this is the market we will be focussing on for the next four years,” he said.
Talking about the future plans, Sasidhar said, “Our eventual goal is to have 100 million people go through the Dharma Life programme.”
“To be able to do this, we have to have strong partners who will incorporate our research and technology in the solutions they provide. Initial partners will be for profit organisations, but eventually we see governments as partners to help improve societies.”
J Sasidhar: We have spent around $2 million in research, software development and field trials in India. For calendar year 2016, our goal is $750,000. For the next calendar year 2017, our goal is