Press Esc to close

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.

Go to Top

More from this section
Most trending stories
Photo Gallery
Shraddha Kapoor being felicitated by Film maker Subhash Ghai as the youth icon during IFFI...

Shraddha Kapoor being felicitated by Film maker Subhash Ghai as the youth icon during IFFI...

Sachin Tendulkar plays a game with Special Olympics children during a UNICEF event...

Sachin Tendulkar plays a game with Special Olympics children during a UNICEF event...

Priests and devotees perform Sheeveli rituals of 15 caprisoned Elephants...

Priests and devotees perform Sheeveli rituals of 15 caprisoned Elephants...

Ranveer Singh during a promotional event in Mumbai...

Ranveer Singh during a promotional event in Mumbai...

Zimbabweans celebrate after President Robert Mugabe resigns in Harare...

Zimbabweans celebrate after President Robert Mugabe resigns in Harare...

Reception in the honour of Justice Dalveer Bhandari

Reception in the honour of Justice Dalveer Bhandari

Rajinikanth seeks blessings of head priest of the Sri Raghavendra Temple...

Rajinikanth seeks blessings of head priest of the Sri Raghavendra Temple...

Artists perform a folk dance during the inaugural ceremony of 48th edition of the IFFI...

Artists perform a folk dance during the inaugural ceremony of 48th edition of the IFFI...

Brides sit for a mass marriage ceremony organized for 12 Muslim couples at Mazgaon...

Brides sit for a mass marriage ceremony organized for 12 Muslim couples at Mazgaon...

Artists perform dance on the occasion of Haryana State Day...

Artists perform dance on the occasion of Haryana State Day...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.