Mindfire Solutions
Mindfire Solutions is a 12 Yr old Software services company catering to the needs of Small & Medium businesses worldwide in almost all software platforms including the very niche ones. Started in the year 1999 with only 6 people who worked from a rented space in New Delhi, today after almost 12 years, the company is at a stage where it sees itself as a trusted name in the industry. Its 200+ delighted clients and 750+ talented professionals working from 3 development centers in India keep it motivated and charged.
This company has always believed that the untapped market segment which is growing today perhaps at a much faster rate than the fortune lists is that of global small and medium businesses. Its sole focus, driven by vision, is to become the largest IT Services company serving the software application development needs of this market segment. Accordingly, its systems, processes and people have aligned towards its common goal of technically enabling SMBs worldwide, filling the gaps in their business and technology strategies
Mindfire Solutions have always aimed at learning and sharing knowledge in form of knowledge artifacts both within the organization and external to it ; with a consistent knowledge focus throughout the 12 years in the organization DNA,. It has over 5000 technology tips, 600 technology write-ups including articles, whitepapers, case studies and over 2 dozen technical discussion forums developed within the organization where Mindfireans brainstorm on technical topics. Access to world class information databases and knowledge-rich sources built within the organization, resolution to problems are done far quicker.
About 50 percent of the times, clients with small technology teams come to it with a need clearly defined –Need developers in XYZ skill or Need this application developed on XYZ platform in XYZ technology. The rest of its clients come with an idea and look up to it for architecting a solution for them. Since it has worked with clients from over 18 different industry verticals across geographies spanning world over, the company finds itself at a better position to advise their clients on choice of technology, choice of solution which saves huge costs for clients.
REVENUE MODEL:
Now at 750+ people at Mindfire with Annual revenues at INR 36 Crores the company is now revenue funded and not open to further investment by external investors at this stage.
THE ROADMAP AHEAD:
Mindfire Solutions plans not to focus on growth by numbers but growth by expertise. For the company, organic growth refers to growth in specific expertise rather than plain headcount. The company plans to focus on building expertise in more niche-technology areas where its clients need their jobs done in. It will do everything it takes to meet the needs of its clients and if that translates to getting expertise which in turn means a larger headcount, it will be done as well. But its focus will remain undiluted – continuing to expand in terms of expertise which is beneficial to its clients. Headcount growth is totally secondary
As of now, the company operates from India and has sales offices in the United States and clients all over the globe.
The company’s business runs with people capital. Challenge lies in hiring and retaining the best of the people capital. With more and more talented people joining the employable workforce every year, and with the increasing awareness about brand ‘Mindfire Solutions’, it will be able to meet its people requirements in both the freshers as well as the lateral categories.
