Mid-term IT Services Company Senior executives at Birlasoft Ltd once oversee a quarter of its business and joined the CEO of small peer Trigyn Technologies Ltd.
Vikram Chandna joined Birlasoft in November 2021, and before switching to a Mumbai-based company, he served as global head of its banking, financial services and insurance (BFSI) and Hi-Tech verticals, which specializes in digital solutions.
“With deep expertise in digital, cloud, cybersecurity and AI/ML, he demonstrates a consistent ability to consistently transform businesses, drive revenue growth and manage P&Ls across his entire geographical location.
Trigyn Technologies ended 12 months to March 2024 ₹$129.2 billion (about $154 million) in revenue. It reported that the annual growth rate (CAGR) has grown at 9.34% in the past three fiscal years. In terms of rupee, revenue increased by 30.7%. But the pain for the company is its profitability. During this period, its operating margin narrowed by 605 basis points, down to 2.96% at the end of March 2024.
The company now has 2500 employees and was founded in 1986 by three software professionals (Ramkrishna Bhagwat, Atul Kamath and Tushar Vaidya). It was originally named Leading Edge Systems Ltd. The name was renamed Trigyn in June 2001.
As of December 2024, the company’s promoters, including United Telecom Ltd, which owns Karbonn Mobiles, owns 44.51% of Trigyn shares, while public investors own the rest.
Companies that provide customer support, application development and maintenance, and services for customer hosting get 90% of their business from the United States. It does not list revenue for each of its business verticals.
Trigyn Technologies competes with the happiest mind, the happiest mind with revenues of approximately $190 million in 2023-24.
“We see a huge opportunity to deepen engagement with long-term customers, many of whom have worked with Trigyn for more than a decade, by providing a wider range of innovations that support AI services. We are re-tuning our business development efforts to target high-growth geographical location and industry, while digital modernization is accelerating,” Chandna told us. ” Mint.
He added that his strategy will have a multiplier effect on the company’s revenue.
“These strategies were implemented successfully throughout my career, which gave us confidence in our goal of double our income over the next three years,” he said.
Chandner’s mission is cut off
Chandna traded with Birlasoft, where he was in charge of the company’s BFSI division. Between December 2021 and December 2024, Birlasoft’s BFSI business grew 52% to $38.7 million, while the company’s total revenue grew 12% to $160.8 million in the three months to December 2024.
Chandna also worked at Wipro for more than a decade until December 2018. He helped open the company’s BFSI business in Latin America and handled Citigroup for IT service providers in Bangalore.
This is the second such example of a former WIPRO director making it huge in smaller companies.
Srini Rajamani, who oversees the company’s life sciences and consumer businesses in the Americas, resigned from his 19-year experience in January 2025 to join Georgia-based Fintech Company Opus Technologies as CEO.
Both Rajamani and Chandna are located in New York.
Chandna worked at Capgemini for more than a year before joining Birlasoft.
But he now faces a difficult task: boosting revenue and operating margins for Mumbai companies as Genai swallows up most of IT outsourcers’ business, including BPO, application development and maintenance.
To double its revenue over the next three years, the company will need to record a CAGR of 25.99%, which is almost three times in the past three years.
“First of all, I will strengthen customer intimacy by ensuring that our team is more aligned with our clients’ business priorities and technical goals. I will also evaluate our overall location and resource strategy and its alignment with the market and customers we serve,” Chandna said.
Expand on the card.
“We will also seek opportunities to support Trigyn’s public sector digital projects and corporate modernization programs with a good track record,” Chandna said. “I plan to integrate into selected markets in the Middle East, such as the UAE and Bahrain.”
