New Delhi, 25 June 2020: TO THE NEW, one of the fastest-growing digital technology companies in India today announced that it has clocked 71.4% growth in revenue for the FY 2019-20 to INR 260 crores. Known for its high-end engineering, TO THE NEW has been clocking more than 50% Y-o-Y growth since 2017.
The company even saw growth in the first quarter of 2020-21 when the entire economy is grappling to survive because of COVID-19 and has signed up around 20 new clients in the last 3 months, 2/3rd of which engaged TO THE NEW for Cloud and related services. TO THE NEW has been receiving increased interest for the Cloud migration and cost optimization services.TO THE NEW has successfully been able to support and manage business continuity for all its clients, new and existing alike and has emerged as their trusted partner during this global pandemic.
The year 2019-20 also brought numerous accolades for TO THE NEW. The company was recognized among Top 50 ‘India’s Best Companies to Work For 2019’ and Top 25 ‘India’s Best Workplaces in IT & IT-BPM 2019′ by the Great Place to Work® Institute. TO THE NEW also got featured as a Leader under Small & Medium Service Providers Category in the Zinnov Zones ER&D Services Ratings 2019. It attained Amazon Web Services (AWS) Migration Competency badge and bagged several other awards such as ‘Cloud Company of the Year’ at Star of the Industry Awards 2019 and ‘Best Martech Company of the Year 2019’ at The Digital Customer Experience Summit and Awards. The company also moved to a much bigger office space with an area of 1,20,000 sq feet. Currently, with a team of over 1,400 people with deep expertise in Cloud and data technologies, the company seems all set to continue its growth and achieve a revenue of 350 crores in 2020-21.
Commenting on the financial performance, Deepak Mittal, CEO & Co-founder, TO THE NEW, says, “I am overwhelmed to share that we have grown faster than we anticipated. We aim to move forward with high vigour and passion to achieve our stated vision of clocking INR 750 Cr. in revenue in FY2023. We will continue to invest in our people and emerging technologies to enable our clients and help them achieve their business objectives, even in times of global crisis such as the one the world is witnessing right now.”
