Mumbai, March 24: US-based player in work force management, Kronos Systems has chalked out business plans to grow its footprint in the domestic market, primarily focusing on manufacturing and service industries, a top official said.
“We are looking for at least a 10-fold growth over the next three years. This will be done through innovative business models and aggressive client acquisition,” Kronos System’s CEO Aron Ain told here today.
The company, which started its operations in the domestic market nearly three years back, plans to increase the number of its customers here to 300 from 35 at present, Ain said.
According to Ain, the country’s workforce management industry is still in an evolving stage and is expected to grow to USD 100 million business over the next few years.
The company, which has sold over one lakh licenses in India, has around 30-35 big companies as its clients here presently, he said.
Work force manager helps firms to manage their operational costs without downsizing the employee-strength, Kronos’ country manager James Thomas said.
“Normally when a company needs a cut in its operational costs, they trim the work force. But through our system, we can downsize the operational cost by stopping leakages in the salaries instead of trimming the employees,” Thomas said.
—-PTI