eInfochips aims to treble revenue to Rs 1,000 crore by 2020

NEW DELHI: Electronics design and engineering services firm eInfochips is aiming to treble its revenue to Rs 1,000 crore by 2020 mainly due to demand for development of new technology in high value sectors and internet enabled products.

"We expect to comfortably achieve turnover of Rs 1,000 crore in next five years due to high demand for internet of things (IOT), aerospace, automation, medical electronic, consumer electronics etc," eInfochips founder and CEO Pratul Shroff told PTI.

The company's current turnover is around Rs 350 crore. eInfochips has partnered with Qualcomm and NVIDIA to build capability around their next generation platforms.

Shroff said that 80 per cent of the company's business comes from customers with revenues in excess of $1 billion.

These clients are from across aerospace, semiconductor, retail, networking, e-commerce, consumer electronics, pharmaceuticals, software and data storage industries, he added.

"We having consistently grown at over 30 per cent year-on-year for the past 3 years," Shroff said.

He said that eInfochips now caters to 3 of the top-5 semiconductor companies, and 5 of the top-10 Commercial Aerospace companies.

Shroff said the company is getting business from both India and abroad but its clients are headquartered outside the country.

On designing products for indigenous firms, he said in general, eInfochips has not explored the domestic manufacturing companies.

"Government has sanctioned two chip manufacturing plants, which is a good start. However, I am not sure how and when those two plants will come up," Shroff said.