Former Infosys CFO Balakrishnan joins Kaar Technologies

He will be the Chairman- Audit Committee of the company, which is eyeing Rs 1,000-cr turnover by 2020

Former CFO of Infosys V Balakrishnan has joined the Board of SAP consultancy firm Kaar Technologies as Chairman – Audit Committee. The company, which is focusing on digital technology market, is looking at reaching a turnover of Rs 1000 crore by 2020.

Balakrishnan, who takes over as the chairman of the audit committee of Kaar Technologies said that the sector which the company addresses has huge potential and it would be able to achieve the target of Rs 1,000 crore.

He will work as a non-executive director and help the company to scale up and mentor it to grow. He said that a large number of young and educated people are getting into entrepreneurship and there is adequate capital availabe for them. However, they need mentoring to grow as they aim higher, he said.

He added that while the first $100 billion in the Indian IT industry came purely from services, the next $100 billion would come from high-end technology companies in the country.

The company is planning to expand into European markets, focusing primarily on Norway, Denmark, Sweden, UK, Finland and the Benelux.