mCarbon rides high on 'star' products; to grow 50% in next 3 years

NEW DELHI: Mobile technology solution provider mCarbon is expecting to grow at 50% CAGR to touch a projected revenue of Rs 200 crore over the next three years.

In the current fiscal year, the firm aims to increase its revenues, 20-25 % of which will come from select international geographies including South Asia, APAC parts of Middle East and Africa.

Rajesh Razdan, Founder and CEO, mCarbon, said “We are hopeful to grow more than 50% annually in India and are ready to further expand our footprint in global quarters of APAC, South Asia, Middle East and Africa this year. This exponential growth will come with some of our star products being applied in the new geographies and latest innovation in contextual marketing solutions,which will be significant market trend in 2015. We are excited to accelerate in full swing in FY 15-16.”

The company will continue its work in advance analytics to offer products which enhance usage and uplift revenues of the telecom operators globally.

mCarbon will also make significant investments in select international markets for developmental activities and make strategic investments in assets which will provide reasonable international footprint.