LinguaNext is eying Rs 200 crore revenue in the next three years from its current revenue of Rs 20 crore. Its Linguify.S works for all SAP solutions without upgrades to existing SAP installations in all Indian languages.
"Many LinguaNext customers already use Linguify with SAP. We are expanding our next generation language technology by introducing more Indian as well as foreign languages. We expect our revenue to increase from Rs 20 crore at present to Rs 200 crore in the next three years. Also, we are open for venture capital funding in our company" says Jagadish Sahasrabudhe, COO, LinguaNext.
He added, "The spending for e-governance project is nearly Rs 22,000 crore and 25 per cent of which needs language solutions. In the beginning, LinguaNext provided its solution to State Bank of India which was the first to use Hindi in its operations at large scale. The company on Tuesday offers 18 Indian and 15 foreign languages, including Chinese, Japanese, Korean, Arabic and European, and offers its services to 60 large customers. Our 50 per cent clients are based out of India."
It has a roster of over 60 large enterprise customers which includes State Bank of India, Wipro, Tata Consultancy services, Punjab National Bank who are using its multilingual applications. Apart from banking, Linguanext is looking for business in the sectors like insurance, mining, oil & gas.
Explaining how Linguify.S works, Sahasrabudhe said, "With Linguify, many new business areas with strong local language requirements can now harness the full power of SAP solutions. It also enables public sector units to quickly meet official language mandates without any changes to their SAP infrastructure. With the world's leading SAP software now being available in Indian languages, all such businesses can immediately get an off-the-shelf solution instead of having to spend time and money in developing custom solutions."
Linguify S. supports all Indian languages including Hindi, Marathi, Gujarati, and Tamil and does not require any upgrades or patches to the SAP software or to its underlying database.
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