NIIT Tech eyes $1 billion in yearly revenue, to expand in healthcare segment

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

Currently, the company, which is now getting rebranded as “Coforge”, has an annual revenue of $600 million.

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 already clarified on this issue earlier and added that it has set clear aims for the future.