Aspiring Minds sees 40% revenue coming from overseas in 2-3 years

Employee assessment solutions company, Aspiring Minds, expects overseas business to account for 40 per cent of the company’s revenue in the next two to three years, said its Co-founder and Director Himanshu Aggarwal.

The company, which was started in 2007 in Gurgaon, currently works with over 750 corporates and 4,000 colleges across the country.

The company developed an employability test AMCAT, under which assessments can be taken for various industries including IT, financial services, hospitality and BPO.

“We are already present in the West Asia where we are working with Government entities in the vocational space. In the Philippines, we are working with corporates which are interested in accepting AMCAT as a standardised employability test,” Aggarwal said. The company is also conducting pilots in Africa for AMCAT, while in the US it is helping corporates in recruiting talent within the US. Currently, overseas business accounts for less than 5 per cent of the total revenue for the company.

“In India, the business is growing at 200-300 per cent every year,” Aggarwal added.

The company is also working as the assessment partner for National Skill Development Corporation. “We are working with 12 Sector Skills Councils, in the areas of retail, IT, gems and jewellery, electronics, security, among others,” he said. About 40 million people enter the workforce every year, according to estimates.

Aspiring Minds is working towards establishing a standard benchmark for blue collar workforce within a sector.

“We have been looking at expanding AMCAT’s applicability from just graduates to even those in vocational space. We are building technology enabled tablet driven solutions which are designed to work for a plumber, carpenter, among others. A certificate is later given by the Sector Skills Council and Aspiring Minds,” he said.

The company currently has 60 people in its research and development team.

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