New Delhi, India. 10 July 2024 – Noventiq, a leading global provider of digital transformation and cybersecurity solutions and services, celebrates this year the 10th year anniversary of Noventiq India. Over the past decade, Noventiq India has established itself as a pivotal player in the technology sector, consistently delivering innovative solutions that empower businesses across the country.
Noventiq has always recognized the immense potential and strategic importance of the Indian market. Over the past decade, the company has made significant investments in India, establishing it as Noventiq’s geographic center of gravity and a central hub for the organization’s operations and innovation. This commitment is exemplified by Noventiq’s acquisitions in the country, with Embee, Umbrella Infocare, Value Point Systems, and G7 CR Technologies. Through the incorporation of these companies, Noventiq India has been propelled itself to new heights, expanding its portfolio of solutions and services and bringing on board a wealth of skilled professionals.
Since its inception in 2014, Noventiq India has grown exponentially, expanding its reach and impact in the Indian market. The company’s dedication to excellence and its commitment to driving digital transformation have been instrumental in achieving this significant milestone.
Vinod Nair, President Noventiq India, comments:
“Over the past decade, Noventiq India has expanded from a modest beginning with 2 employees and a $2 million turnover to a robust enterprise of 3,000 employees and more than $800 million in turnover. Our strategic investments in technology, acquisitions, and the establishment of a Global Delivery Center have made us the preferred choice for our customers. Our acquisitions in cybersecurity, multi-cloud environments, and data & AI have bolstered our position as a leading technology provider nationwide, enabling us to meet diverse customer needs with comprehensive digital transformation solutions. As we mark our 10-year milestone, we are committed to harnessing India’s vast market potential, striving to be the trusted partner our customers rely on for a full spectrum of evolving service needs. We see this as just the beginning of a journey with great potential ahead.”
Herve Tessler, CEO of Noventiq:
“India stands as Noventiq’s geographic center of gravity and one of our best-performing markets globally. With the Indian technology industry estimated to reach $254 billion in FY2024, our journey over the past decade highlights our leadership to be at the forefront of this industry delivering world-class digital solutions tailored to our customers in this dynamic market. We have strengthened our presence by acquiring four companies in India, showcasing our dedication to investing in India, for India. We are seeing AI adoption accelerating in this country, with spending expected to reach $6 billion by 2027, and I am proud to see our teams leading the implementation of AI and digital transformation, enabling our customers to maximize their businesses’ potential. As we celebrate this milestone, we reaffirm our commitment to empower organizations through digital transformation. I extend my congratulations to Vinod and his entire team for their dedication and invaluable contributions to Noventiq India’s success.”
A Decade of Milestones and Achievements
Over the past decade, Noventiq India has:
- Expanded its customer base operating now in 15 cities across the country with some of the most prominent names in the Indian business landscape including BSE Technology Pvt. Ltd (BTPL) which is renowned for its pivotal role in operating the Bombay Stock Exchange; Biocon Biologicals, Alkem Pharmaceuticals, Nuclei Financial Services, and Hikal Pharma, amongst many others.
- Acquired four top technology companies in India bringing new capabilities to Noventiq and expanding our workforce and services portfolio: Embee, Value Point Systems, Umbrella Infocare, and G7CR Technologies.
- Built a strong partner ecosystem with leading technology providers such as Microsoft, AWS, and Google, among others.
- Contributed to numerous community and social initiatives, reinforcing its commitment to corporate social responsibility.
- And grown from 2 people and a $2 million business organization to around 3,000 employees and more than $800 million in turnover.
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