Adrenalin eSystems Limited, a global product and software solutions company in HR Technology space recently announced its future plans on the growth and strategy of the company. Sharing details on the double-digit growth that was posted by the firm during the year 2016-17, Mr. Krishna G V Giri, Chairman and CEO, spoke about Adrenalin’s remarkable growth from 2016.
Founded in 2002, Adrenalin eSystems began its operations with the objective of helping organizations to realize their ultimate business advantage, through people. Over the years, Adrenalin has been a strong player in the HCM marketplace across the globe, offering comprehensive HR solution to companies from diverse industry backgrounds with a large presence in South Asia, Middle East and APAC. In 2016, Adrenalin embarked on a new transformational journey under the guidance of Mr. Krishna G V Giri who joined as the Chairman and CEO.
Standardizing the best of HR processes and practices, Adrenalin offers tools with powerful features of Social Media, Mobility, Analytics and Cloud. Adrenalin also uses tools like Zolog, an intelligent human language interface for software applications to complete transaction quicker and faster. Acquiring over 131 clients, Adrenalin witnessed a significant increase of revenue by 88% in 2016-2017. In comparison to the previous fiscal year, the firm’s gross margin level has increased to 61% from 41%. Additionally, Adrenalin has achieved a notable feat with an increase of 45% in the company’s net worth. The firm also witnessed a rapid expansion of their organization structure with infusing of new Talent from different Geographies and Industries to give major thrust to delivery excellence.
Adrenalin is all set to expand its footprints as they plan to expand into markets like Australia, Japan and more focussed efforts towards in building the visibility and increasing the brand presence in Middle East and Asia pacific Region expected in the coming year. Adrenalin also plans to invest in product to enhance its user interface, predictive analytics, Gamification and Machine Learning.
Key Achievements of the year 2016-2017
- Adrenalin has seen double digit growth with increase in revenue of 88% compared to previous fiscal year.
- 131 new customers(Cloud Customers 71 and on premise -60) were added for the financial year 2016-2017
- Over 50% of new customers have adopted Adrenalin Cloud HCM solution
- An average of 3 customers per week added
- On premise revenue has grown by 88% and Cloud revenue has grown by 64% over the previous year.
Speaking on the growth plans at the event, Mr. Krishna G V Giri, Chairman and CEO, Adrenalin said, “Contributing to the growth of the HCM industry, I am happy to share that Adrenalin has recorded 69% growth in South Asia region, 50% growth in Middle East region and 300 % growth in Asia pacific region in 2016 in comparison to the previous fiscal year, 2015. We have delivered great results and are currently working towards positioning Adrenalin in the premium HCM product segment”.
Product innovation an important cog in the growth wheel of Adrenalin and the team continuously worked towards bringing in new features which give a unique advantage to our customers. Recently introduced MoodXpress and SMILE on employee engagement platforms, have been great success amongst our customers.
He further added “We are currently developing some exciting new products for SMB Customers, which will be added to our product offering, and rolling out later this year, which we hope, will disrupt the market with its features and easy implementation capabilities”
Adrenalin has expanded its operations in the overseas markets, more particularly in Asia Pacific Geo and has almost tripled the revenue from this Geo during the year under review. Adrenalin is poised for growth in the coming year and expected to replicate success like last year as it has strong and healthy pipeline to achieve projected growth.