NIIT Tech targets $1 bn revenue a year, plans to expand into healthcare

Current revenue at $600 mn; firm offers no timeline for $1 bn goal but says it will be achieved organically without any acquisitions

NIIT Technologies is targeting to become a $1 billion company and has plans to expand in the healthcare segment, a top official has said.

The company, which is now getting rebranded as Coforge, has an annual revenue of $600 million currently.

CEO Sudhir Singh, however, did not give any timeline to achieve the $1 billion (Rs 7,489 crore) revenue target, but maintained that the brand is now confident of attaining it organically without any acquisitions.

When asked about reports of a merger with Hexaware, which is also majority owned by NIIT's promoter Baring Private Equity, Singh said the company has