Hyderabad: Hyderabad-based Kellton Tech, a digital transformation company, has launched an Internet of Things (IoT) enabled platform for the energy sector. The solution is based on predictive and prescriptive analytics that allows users to make faster and informed decisions.
The platform helps remote monitoring of real-time data from various energy assets and resources. This will help in efficient maintenance of assets and reducing the overall cost of operations.
The solution architecture enables communication between man and machine at any point of time with its proprietary, smart IoT devices resulting in streamlining and improvement of operations with an immediate effect. The platform enables maximisation of asset utilisation, reduction in down time with an immediate effect. The company is seeing potential in sectors such as oil & gas (including refineries), aviation and food sectors.
Niranjan Chintam, chairman, Kellton Tech, told Telangana Today, “We are also seeing the possibility of offering our IoT platform in the power and mining sectors. We see abundant opportunities in the renewable energy space particularly solar in the domestic market. We are already working with a solar company in India and have begun talks with the oil & gas majors in India. Overseas opportunities are also big. We will explore Asia Pacific, South America and Europe.”
When asked if the company is exploring opportunities in the health and medical segment, he said, “We have initiated a pilot on a fitbit kind of device that will aid to monitor the movements and health condition of elderly. Families will get to know if there is any emergency situation and take immediate action to safeguard their family member.”
Chintam added, “We are always on the lookout of using technology to improve efficiency across verticals. We are currently working on using drone technology to improve fleet management.”
Kellton plans to raise Rs 700-1,000 crore by March 2019 to meet its expansion needs, he informed. The company, which currently employs 1,500 people (800 in India and 700 rest of the world) will add 200 more this year. Of the 800 employees in India, Hyderabad hosts about 250 people. The company plans to strengthen Hyderabad operations further.
On the acquisitions front, he said, the company is constantly looking for suitable acquisition candidates across geographies.
Kellton has reported a 23.6 per cent increase in its net profit at Rs 17.05 crore during the third quarter ended December 2017, on year-on-year basis. The company’s total revenues jumped 32.7 per cent to Rs 210.78 crore in Q3, compared to the corresponding period last year.
The company reported an EBITDA of Rs 31.6 crore for the quarter under review as compared to Rs 21.87 crore in the corresponding period of previous year, an increase of 44.5 per cent on Y-o-Y basis. The EBITDA margin for the quarter under review was 15 per cent as compared to 13.8 per cent in Q3FY17.
Niranjan Chintam said, “We continue to make good progress on our journey of transformation. Our topline grew by 32.7 per cent, EBITDA up 44.5 per cent and PAT up 23.6 per cent on Y-o-Y basis. These good results also reflect our leadership in digital which continues to strengthen with over 70 per cent of our revenues from next-generation digital transformation. We expect the momentum to continue going forward.”
The company sees a 20 per cent growth rate year-on-year.