Digital Consulting Firm Billio Eyes INR 2,000 Cr Investment In India

SUMMARY

Brillio is aiming to invest the amount over the next five years as part of its plans to reach a revenue of $1 Bn, founder and CEO Raj Mamodia said

The company is looking to set up new centres in India in Delhi NCR, Jaipur, and other cities within the next one to two years

The digital transformation company currently has about 4,000-4,500 employees in India, which it aims to double to 8,000-9,000 employees

Bain Capital-backed digital consulting company Brillio is looking to invest INR 2,000 Cr (about $240 Mn) in India over the next five years, its founder and CEO Raj Mamodia said.

The investment is part of the company’s plans to reach a revenue of $1 Bn during this period, Mamodia told Mint.

The company is looking to set up new centres in India in Delhi NCR, Jaipur, and other cities within the next one to two years.

Brillio currently has about 4,000-4,500 employees in India, which it aims to double to 8,000-9,000 employees. The company currently has a global workforce of 6,000 employees.

Mamodia said that the company will continue to recruit specialised talent in India based on its business needs. However, the hiring pace will be guided by the visibility of customers’ technology plans.

Founded in 2014, Brillio helps its clients in digital transformation by providing its expertise in areas such as data analytics, artificial intelligence (AI), platform and product engineering, and cloud infrastructure.

The company currently gets a majority of its revenue from the US and Europe.

Mamodia said that the company has plans to introduce 20 new industry solutions to cater to the diverse needs of customers.

Brillio raised its last private equity round in September 2023 led by The Orogen Group.

Brillio has acquired six organisations so far, with its most recent acquisition being that of CloudStratex in May 2023.

The development comes at a time when a number of multinational companies are setting up global capability centres (GCCs) in India because of the availability of global talent.

Meanwhile, a number of Indian startups and companies, like GIBots, are also providing solutions to businesses for their digital transformation. Last year, US-based Cilio Technologies acquired Delhi NCR-based digital transformation and product development startup AutomationFactory.AI.

As per a report by 360 ResearchReport, the global digital transformation consulting market size was valued at $52 Bn in 2021 and was expected to expand at a CAGR of 13.67% to reach a size of $113 Bn by 2027.