Mobile financial and VAS solutions provider Mahindra Comviva is aiming at achieving two-fold business growth over the next three years, said company in a statement today. At present, India contributes 20% to the company’s overall revenue.
Mahindra Comviva which is part of the $17.8 billion Mahindra Group has recently invested in a mobile first, data enabled and contextually relevant, end-to-end solutions strategy.
According to company officials, company aims to strengthen its research and development and operational support of technologies in mobile financial services, big-data analytics, omni-channel experience, enterprise messaging and digital services.
In addition, the company has also identified growth through the strategic partnerships and acquisitions route as key to its strategy in India and abroad.
Company is of the view that the focus on connectivity, high penetration of smartphone and radical policy measures like demonetisations will bring signification growth in the adoption of digital by government and enterprises.
“The mobility solutions space in India is set to witness a significant growth with the ongoing digital revolution led by the increasing penetration of smartphones and last mile network connectivity,” said Manoranjan Mohapatra, CEO, Mahindra Comviva, adding that Mahindra Comviva focus is to enhance the end-user’s mobile experience and improve partners’ business performance through innovative solutions.
Gurgaon-headquartered Mahindra Comviva is a subsidiary of Tech Mahindra and a part of the $17.8 billion Mahindra Group. The company claims that its solutions are deployed by over 130 mobile service providers and financial institutions in over 90 countries.