Tring India, a leading provider of cloud-based contact center solutions, has announced that it has achieved an impressive 7x growth in revenue in FY 23-24. The company is also on the course of profitability, with EBITDA margins expected to be in the mid-teens in the current fiscal year.
Tring India’s growth is being driven by the increasing adoption of cloud-based contact center solutions by businesses of all sizes. The company’s solutions are helping businesses to improve customer service, reduce costs, and increase productivity.
“We are very excited about the growth that we have achieved in FY 23-24,” said Rajesh Jain, CEO of Tring India. “We believe that the cloud-based contact center market is still in its early stages of development and we are well-positioned to capitalize on the growth opportunities in this market.”
“We are also on the course of profitability,” Jain said. “We expect our EBITDA margins to be in the mid-teens in the current fiscal year. This is a testament to the strong demand for our solutions and the efficiency of our operations.”
Tring India is also expanding its product portfolio and geographic reach. The company is launching new solutions for the healthcare, education, and retail sectors. Tring India is also expanding its presence in the Middle East and Southeast Asia.
“We are confident that we will continue to grow at a rapid pace in the coming years,” Jain said. “We are committed to providing our customers with the best possible solutions and we believe that we have a bright future.”
“The growth of Tring India is a testament to the increasing demand for cloud-based contact center solutions,” said Ashish Jhaveri, managing director at Sequoia Capital India. “The company has a strong team and a clear vision for the future. We are confident that Tring India will continue to grow at a rapid pace in the coming years.”
“We are excited to partner with Tring India,” said Amit Jain, managing director at Blume Ventures. “The company has a strong product and a clear go-to-market strategy. We believe that Tring India has the potential to become a leading player in the cloud-based contact center market.”