Expect to increase Firstsource profits by 2.5 times in next three years: Sanjiv Goenka
«We feel that the opportunities are large. It is a beginning and we should look at growing from where we start. It is a modest beginning, but hopefully it will be an aggressive growth as we move along,» says Sanjiv Goenka, Chairman, RPSG Group.
Well, the latest announcement coming in wherein Firstsource has deepened its presence when it comes to Australia. Could you talk to me about the strategic intent behind this?
Sanjiv Goenka: Well, we have already got a very major presence in US and UK and this is the third big market that we are targeting. It has a presence of large corporates and so there is a business opportunity. The whole administration of the Victoria State and Melbourne City has been extremely supportive and enthusiastic. And we feel that the opportunities are large. It is a beginning and we should look at growing from where we start. It is a modest beginning, but hopefully it will be an aggressive growth as we move along.
But talking about that growth then, how much do you think this geography can contribute in terms of, let us say, order inflows or what kind of revenue contribution one should envisage from this geography particularly?
Sanjiv Goenka: As I said, we begin small, but hopefully we can deliver service. It will not be just one client, it will be several clients. And we do believe that it will not be just one sector, but we can look at other sectors. We are very enthused about the edtech sector in that part of the world and that is something that we would like to get into. So, there are lots
