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Indium Aims for Growth with AI and Modernization

Chennai-based digital engineering company Indium is confident about achieving a 25% annual growth rate despite concerns that AI companies might make certain technologies too common. Speaking to *The Times of India*, CEO Ram Sukumar shared that the company grew by 30% last year, even though market conditions were challenging. He expects this upward trend to continue through organic growth and possible expansions via acquisitions. Indium’s success is driven by demand in three main areas: data analytics, AI, and application engineering. The company has also focused on modernizing older systems, which Sukumar described as a key part of their strategy. To achieve this, Indium developed an “agentic orchestration platform” over the past two years. This tool helps with updating old software, moving data between systems, and ensuring everything works smoothly. Sukumar explained that this platform is central to Indium’s future plans. He estimates it could account for 20-30% of the company’s revenue in the coming years. For now, Indium isn’t charging customers for using the platform but is instead focused on attracting new clients and showcasing its value. When asked about competition from AI companies like Anthropic, which recently introduced Claude Code, Sukumar said the market reaction has been overstated. While tools like Claude can help write code and solve problems, he believes enterprise modernization requires a more structured approach—one that Indium’s platform is designed to provide. Indium, backed by EQT, a global investment firm, also plans to grow by acquiring smaller companies in data analytics and Salesforce solutions. These moves will complement their organic growth efforts and help them stay ahead in the fast-evolving tech industry.

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