– Commtel aims to double 2024 revenues to Rs 500cr
– Bets big on AI solutions vertical, to grow to Rs. 100cr by 2024
Commtel is a globally recognized engineering and technology firm that provides Unified Critical Communications (UCC) along with high-performance digital communications, surveillance, and safety solutions to clients in the power, oil & gas, transportation, mining, and other critical national infrastructure (CNI) sectors, has expanded its scope to provide better performance and predictability using the most advanced Artificial Intelligence and Machine Learning technologies through their application, CN-SHIELD.
The company aims to generate up to 50% of its revenue from AI-based solutions in 4 to 5 years as it focuses on strengthening and expanding its AI solutions. Most importantly, the inclusion of this new business will increase the overall business margin (EBIDTA) from the current 17 percent to more than 25 percent.
“By the end of this year, Commtel aims to increase its revenue from the current Rs.280 crore to Rs.350 crore and begin to monetize its AI-based solutions. The company expects to attain Rs.500 crore in revenue in fiscal 2024. The AI solutions are expected to generate Rs 100 crore for the company during this period.”CMD of Commtel, Shriprakash R. Pandey