Comviva expects 33% growth in revenue to about Rs 1,600 crore this fiscal

New Delhi: IT company Comviva expects its revenue to grow by 33 per cent to around Rs 1,600 crore in this fiscal driven by the enterprise business, a top company official said. Comviva CEO Manoranjan Mohapatra told PTI that the company’s 80 per cent business comes from telecom companies but banking, financial services and insurance (BFSI) is growing well for the company.

“The BFSI growth is pretty good. FinTech continues to grow and bulk of the FinTech sales are now to banks and payment solutions. Marketing technologies go to everybody telco banks and retail. That’s also growing extremely well. We recorded a revenue of USD 150 million in the last year and expect this to go up to USD 200 million in this (financial) year,” Mohapatra said.