With over 70% Growth, TO THE NEW Clocks Revenue of Rs 260 Crore in FY 2019-20
TO THE NEW, Indian digital technology company today announced that it has clocked 71.4% growth in revenue for the FY 2019-20 to Rs 260 crore. Known for its high-end engineering, TO THE NEW has been clocking more than 50% Y-o-Y growth since 2017. The company even saw growth in the first quarter of 2020-21 when the entire economy is grappling to survive because of COVID-19 and has signed up around 20 new clients in the last 3 months, 2/3rd of which engaged TO THE NEW for Cloud and related services.
TO THE NEW has been receiving increased interest in Cloud migration and cost optimization services. TO THE NEW has successfully been able to support and manage business continuity for all its clients, new and existing alike and has emerged as their trusted partner during this global pandemic.
The company moved to a bigger office space with an area of 1,20,000 sq feet. Currently, with a team of over 1,400 people with deep expertise in Cloud and data technologies, the company seems all set to continue its growth and achieve a revenue of 350 crore in 2020-21.
Commenting on the financial performance, Deepak Mittal, CEO & Co-founder, TO THE NEW, says, “I am overwhelmed to share that we have grown faster than we anticipated. We aim to move forward with high vigour and passion to achieve our stated vision of clocking Rs 750 crore in revenue in FY2023. We will continue to invest in our people and emerging technologies to enable our clients and help them achieve their business objectives, even in times of global crisis such as the one the world is witnessing right now.”
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