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Friday 22 September 2017
News updated at 4:55 PM IST

ATCS looks to triple revenues in 4 years

Benny Antony MUMBAI, August 16, 2016, DHNS 2:04 IST
ATCS is an established business consulting firm with a focus on proposing business concept solutions and developing IT tools to support data-driven decision-making through guided analytics.
ATCS, one of the leading provider of business and IT services to the automotive and healthcare sector, is looking to triple its revenues in the next four years, through a mix of acquisitions and organic growth.

“We are looking to triple revenues by 2020. Acquisitions will be a part of our growth strategy going forward, in order to achieve this target,” ATCS Global Chief Executive Officer Manish Krishnan told DH.

“ATCS is looking at acquisitions in the US and Europe in aftersales services space, in the range of $1-5 million. We have set up an advisory panel which is looking at potential acquisition targets, and are already talking to three companies in the US, and hope to close something by the end of this year,” Krishnan added.

ATCS is an established business consulting firm with a focus on proposing business concept solutions and developing IT tools to support data-driven decision-making through guided analytics. The company is already a provider of all aftersales services in the Chinese market, with consultants onsite in Beijing. ATCS has five offices across the world currently, two in India and one each in China, Germany and the US. The company had revenues of around $9 million in 2015.

According to Krishnan, ATCS may look at inducting a strategic investor. However, this would just be to accelerate the growth plans of the company and not from a capital infusion perspective.

“We are talking to individuals and strategic investors and partners who can help us grow. The company doesn’t need capital as it has line of capital from various banks. We want people who can bring business diversity, people whose expertise can help us grow to achieve our revenue targets,” Krishnan said. “We hope to close something by the end of this year and are looking for investors mostly from the US or Asia,” Krishnan added.

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