Hyderabad: ZenQ, a pure-play testing service company, headquartered in Hyderabad with operations also in Dallas, US is keen to expand its operations. The company that has clocked Rs 42 crore turnover during the 2016-17 is setting a target of achieving Rs 120 crore by 2021 with an estimated growth rate of 30 per cent, annually.
Sharing future plans, Murali Bollu, MD, ZenQ said the company will soon move all its three existing offices into one premise spread over of 1,09,000 sq ft in Ascendas V IT Park with the investment of Rs 25 crore by the end of this year. It will also be setting up internet of things (IoT) and machine learning testing labs in the new office premises. The new office will take care of the needs of the company in the next 5-7 years.
Highlighting the demand for software testing services, he said, these services will always be needed. A whole gamut of the new set of testing tools for the broad range of technologies would emerge. Both testing professionals and companies in this space are required to update and upskill themselves.
Allaying fear of layoffs, he said, there is a lot of demand and companies like ZenQ are still recruiting. The new changes are not due to the US President Trump, but are part of the technological life cycle. Technology improvements have happened in the past. The pace will continue in future. The talented will always remain in demand. Technology advancements such as augmented reality, virtual reality, artificial intelligence, automation offer new opportunities for India’s IT industry.
The company is planning for fresh campus recruitment besides increasing its managerial bandwidth and expanding its US operations. The company is introducing ‘test on demand’, a new line of service, that meets an existing need for short-term testing resource requirements worldwide.
The company that has completed ten years of its operations today employs 400 professionals with about 40 per cent of them being women.
Vaishali Neotia, co-founder of augmented and virtual reality company Merxius, who attended ZenQ’s tenth-year celebrations, said, technology is changing. Now you can order your groceries through your refrigerator. Nobody imagined ten years ago that internet connected-fridges would one day rule the kitchen.
Talking on the need for more women employment and entrepreneurship, she said, in the past, it was the women who were the programmers in the beginning and men used to take care of hardware. Today, the number of women entrepreneurs in the tech world is pretty low.
“It’s a cause of concern because we have a huge percentage of women studying engineering. But these numbers are not translating into workforce. The whole cultural mindset where women complete their education and get married could be a reason. This trend has to change if we need to see more women in this industry.”