Virinchi
Virinchi Technologies is a software firm among a very few successful Indian enterprises in the IT products domain.
History
Virinchi was started in 1991 in Hyderabad in the state of Andhra Pradesh, India. A team of entrepreneurs, lead by its founder Viswanath software professionals, promoted the company. Leveraging the experience of the promoters in various industry domains, Virinchi entered launched Enterprise Enabler, a web-based comprehensive eProcurement suite, in Malaysia, Singapore and Italy. Impregilo was their first overseas client and Grasim Industries was their first domestic client.
Their initial foray into the South East Asian and European markets was through joint ventures with various individuals and marketing firms.
Virinchi means "the creator" in Sanskrit language.
Timeline
- 1991 - founded by Viren Patel(CA,USA) in March, 1991 in Hyderabad, India.
- 1998 - started developing supply chain management solutions with a team of domain consultants and software development team
- 1999 - opened its 2nd software development center in Hyderabad
- 2000 - opened its 3rd software development center in Hyderabad
- 2000 - listed on Bombay STOCK Exchange
- 2001 - acquired first domestic as well as overseas customer
- 2001 - ISO 9001 certification
- 2001 - crossed 1 million $ in revenues
- 2002 - acquired first US based customer
- 2003 - crossed 100 head count
- 2004 - launched new web-based e-commerce products in US successfully
- 2005 - crossed 200 head count
- 2006 - ISO 9001 re-certification
- 2006 - crossed 5 million $ in revenues
- 2006 - acquired US based firm K-Soft for US$ 2.66 million
- 2006 - assessed at Level 3 of SEI-CMMi
- 2006 - appointed new CEO (internal promotion)
- 2006 - appointed President & CTO (internal promotion)
- 2007 - appointed new COO (internal promotion)
- 2007 - crossed 300 head count
- 2007 - opened its 3rd software development center in Hyderabad
- 2007 - new practice launched - Oracle 11i e-Business Suite
- 2007 - opened its 3rd software development center in Hyderabad
- 2007 - opened its 3rd software development center in Hyderabad
- 2007 - opened its 4th software development center in Hyderabad
- 2007 - opened its 5th software development center in Hyderabad
- 2007 - opened its 6th software development center in Hyderabad
Virinchi acquisitions
In 2005/6 Virinchi has acquired 100% equity of K-Soft, USA In 2005/6 3rd development center in Hyderabad. In 2007 3rd development center in Hyderabad.