Cambridge Technology Enterprises (CTE) is betting on India as the preferred destination for its big data and analytic products. The Kansas (US) and Hyderabad-headquartered company, which went through a management change in January, wants to expand its India operations and up hiring, company chairman Aashish Kalra told Techcircle.in
“India is going to get a lot of work because of ‘lift and shift’. A lot of this information has to be analysed manually, but in the future Indian companies will have to make that jump, as they are behind on information technology,” Kalra says.
CTE, which focuses on solutions around the convergence of big data and cloud, has posted revenues of Rs 14 crore in the quarter ended June 30, 2015 as against Rs. 6.69 crore in the comparable quarter last year. The firm posted a net profit of Rs 1.20 crore in the quarter against a loss of Rs 16 lakh in the same quarter last year
Kalra also spoke about the company’s recent partnerships with global majors such as Oracle, Apica, Relic and the Lead group.
He highlighted that CTE is being selective in its engagements, by adding only a handful number of clients in each vertical. “We are not an R&D company, we are a ‘for profit’ organisation and we are slowly moving towards that,” he says.
Prior to CTE, Kalra was the founder and managing director of Trikona Capital, where he deployed $1 billion for Indian infrastructure development initiatives.