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Intellect Design aims to reach Rs 1,200 cr revenues by FY18

Last Updated 30 July 2016, 16:59 IST

 Chennai-based Intellect Design Arena is looking at doubling its revenues every three years, besides aiming to be profitable on a full year basis in the current fiscal.

 “We want to double our revenues every three years and want to sustain that going forward. Last year, we clocked Rs 811 crore and we hope to cross Rs 1,000 crore this year and hit Rs 1,200 crore by the end of the next fiscal,” Intellect Design Arena chairman and managing director Arun Jain told DH.

As far as being profitable on a full year basis is concerned, we hope to achieve it in the current fiscal (FY17), Jain added.

Intellect Design Arena, which added a new product to its basket called OneMARKETS, is bullish about its prospects going forward. “We are aiming for revenues of at least $20 million from OneMARKETS over the next three years by tapping the European, Middle East, Indian and Asia Pacific markets,” Jain said.

OneMARKETS is an end-to-end integrated platform and supports direct market access (DMA), covers the full investment lifecycle and enables high-speed execution across a variety of asset classes and market segments through seamless interfaces to a variety of market infrastructure providers. It ensures regulatory compliance in different jurisdictions, supports multi-lingual reporting and flexible billing as well as provides value-added services like securities lending and collateral management.

The company, which has been growing organically so far, is also open to acquisitions, and is looking for more capital raising in order to fund its expansion plans. “Tech and market access is required for a product company like ours. If something interesting comes up, which provides us any of these things, we are open to it,” Jain said.

The board has given approval to raise up to Rs 300 crore. We are talking to various bankers to finalise the route through which we will raise it and hope to conclude it soon. The funds raised would primarily be used for our capital expenditure and working capital purposes, Jain added.

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(Published 30 July 2016, 16:59 IST)

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