In today’s tech-driven world, organizations are leveraging the latest technology trends and innovations to address tomorrow’s business challenges and deliver best of breed solutions. The result is most clients become digitally mature and set their roadmaps in place to gain a competitive edge. According to IDC, the global information technology industry is slated to reach $5 trillion in 2019, a growth of 4%. With the growth in mind, most enterprises are shifting towards strategic IT where IT plays a key role in driving strategic objectives such as customer acquisition, market share, and brand awareness.
Numerous remarkable players in the IT industry are using their extensive experience to inspire and motivate their teams to innovate and create change that will help grow and shape the future of the company. Karanjit Singh, CEO Kellton Tech Solution Limited (India), is one such dynamic and highly-respected leader who has built his reputation on his ability to expand into new territories, target new customer markets, and tap into sales and delivery channels. He has more than 25 years of experience in product development, engineering management, delivery, product management, pre-sales, and implementation support.
CEO Spear heading Kellton Tech’s Success in the IT Industry
Every inspiring leader has a challenging journey filled with making mistakes, learning from failures, guiding people towards achieving a common objective and climbing the staircase to success. Karanjit also has an eventful journey that has taught him invaluable lessons and has enabled him to see opportunities in everything and anticipate the unexpected quickly.
This dynamic leader holds a Master’s degree from National Institute of Industrial Engineering (NITIE), Mumbai, India. Throughout his career, he has held significant leadership roles with responsibilities that include strategic planning and analysis, operating model transformation, leadership development, mergers and acquisitions, investment management, and corporate development functions.
Under his leadership, the company has been awarded and recognized four times by Deloitte in his Technology Fast 50 India list, won two honors at National Awards in IT Excellence in 2016, recognized as the “Emerging IT Company of the Year,” and listed on the Forbes Asia’s 200 Best Under A Billion.
Providing Cutting-Edge ITSolutions and Services to Diverse Industries
Kellton Tech is a publicly listed, CMMI Level 5, and ISO 9001:2015 certified global company with offices in the US, Europe, India, and Asia-Pacific. The company has a proven track record and a great reputation of helping companies craft unique IT solutions, provide cutting-edge technical consultation, and integrate business-changing systems. The company’s vision “Infinite Possibilities with Technology” emphasizes on the fact that we provide infinite possibilities to our clients, helping them do business faster, smarter, and better than ever before.
Since its inception, the company has grown and expanded into a prominent global IT solution and services provider. Currently, it has a global workforce of 1500 employees who work with clients from start- ups to Fortune 500 companies, delivering sustainable business value. The company caters to a wide range of verticals such as BFSI, Travel, Tourism & Hospitality, Retail & E-commerce, Media Entertainment, Energy & Utilities, Healthcare, Manufacturing, Chemicals, Construction, Distribution, Food & Beverage, Non-Profits, Oil & Gas, and Real Estate.
Forecasting Growth in the Indian IT Industry
Over the last few years, the Indian IT industry has grown tremendously and is expected to generate250,000 jobs in 2019 as compared to 105,000 jobs in 2018. Moreover, the total export revenue of the industry is expected to grow 7-9 percent year-on-year to $135-137 billion in the current year. Karanjit believes that Banking, Financial Services, and Insurance (BFSI) will remain a major revenue provider for the Indian IT industry. Further, he adds that in the coming future, the adoption of modern technologies such as IoT, AI-ML, AR/VR, SaaS, PaaS, Big Data Analytics, Robotics, and more, will enhance the growth of this sector. The CEO and his teams are striving to adopt and accelerate the use of disruptive technologies as part of its offerings.
Revolutionizing the Industry with Next-Gen Technologies
While working in the IT industry for over 25 years, Karanjit has witnessed the digital transformation and its impact on the business landscape. He believes that the current market trends are the first wave of the next Industrial Revolution. Technologies such as AI and ML are still at an infancy stage and have not reached their full potential. He further shares his insights on this scenario by adding, “No one truly knows what the future would be, but it would surely see the industry-defining shift in the adoption of digital technologies.” Besides this, he also believes that business sentiment will affect how the industry will react to current and future conditions.