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Cast Software eyes $9 mn revenue from India this year

Press Trust of India  |  Paris 

provider Cast Software today said it has set a target of USD 8-9 million from Indian market this year.

Cast provides to IT companies for measuring their

"Five years ago we started in We did a few hundred thousand. Then one million dollars and then 5 to 6 million dollars. There was a 300 per cent growth. This year, we are eyeing for almost 8 to 9 million dollars in Indian market," Vincent Delaroche told in an interview here.

Cast uses system-level analysis to detect the dangerous structural software flaws.

"is one of the biggest opportunity for selling of software to giant companies like TCS, and In fact, it is a potential goldmine for us," he said.

Replying to a query, Delaroche said unlike in where ease of doing business is a difficult proposition, in it is quite the opposite with smart tax system, which results in making lots of profit.

"If I keep some money in India and I reinvest it, I lower my tax. If I try to bring money back to Europe, I am going to pay India tax. So, we keep invested in India. With that, we create jobs and so on and so forth, which is a very fair game. I love that. If I were the of India that is what exactly I would do. Indians are very matured business- wise," he said.

From business point of view, India is a very interesting market which has been growing very fast unlike the European countries, where company hear about economic slowdown and recession, Delaroche said.

"We started our company in India five years ago with two people. Now, we have more than 150 Indian employees. In some European countries people complain about recession and economic slowdown, but when we fly down to India, everything is happening," he said.

Asked about their expansion plans in India, Delaroche said apart from having and as their clients, a week back, Cast had signed a deal with

The company also is targeting Indian banks, including the State

Delaroche said he is inspired by Founder N R Narayana Murthy who is a symbol of simplicity and humbleness.

"I met Narayana Murthy. I see him as a very humble and simple billionaire. I love that. In US and Europe, when you are a billionaire and in a big company, you typically are very arrogant. This is not my culture," he said.

Cast operates on three continents with offices in US, France, China, India, and and has 350 employees worldwide and works with some of the largest global companies, including Tech Mahindra, HCL, IBM, Societe Generale, Credit Suisse, Fannie Mae, and

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, January 14 2018. 18:35 IST