Hyderabad: ‘Jade Global Software,’ which opened its new 11,000 square foot development centre here on Friday, has set a target of USD 100 million revenue by March 2021. This US-based company’s mid-enterprise IT services facility was inaugurated by Telangana IT Minister K T Rama Rao along with Karan Yaramada, CEO of Jade Global.

Jade Global, which has been ranked in the Inc.5000 list as the fastest growing private companies in the US for five consecutive years and whose current revenue stands at $30 million, has chalked out aggressive growth plans to reach its target of USD 100 million revenue by March 2021.

Karan Yaramada, CEO, Jade Global Soft, said the company was investing in enhancing existing offerings and adding new facilities to ramp up its IT services in the areas of Enterprise Resource Planning (ERP), Analytics & Information Management (AIM), Managed Services (MS) and Technology & Engineering Services (TES).

“We are starting our Hyderabad centre with a capacity of 100 employees now. In the next five years our goal is to increase this number to five-fold,” Mr Karan said. “We’re essentially investing heavily towards enhancing our existing offerings and adding new facilities that will help ramp up our IT Services to our growing list of mid-size enterprises worldwide,” he added.

Jade Global, whose other facilities in India are at Pune and Noida, is targeting to grow global revenues from the existing $30 million to $100 million by March 2012. They find Hyderabad a perfect place to encourage entrepreneur mindset and foster innovation

“Currently, we generate about 40 percent of total revenue from our India operations. Our plan is to increase the revenue contribution to 60 per cent in the next two years,” Mr Yaramada said.