With two new long-term software development and consultancy contracts, PSPL reaches an ARR of INR 1 crore.
E-commerce, EduTech, CMS, CRM and ERP softwares have helped the company secure two big deals in just 6 months of being incorporated.
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Presear Softwares PVT LTD announces its first milestone of reaching an Annual Recurring Revenue(ARR) of INR 1 crore as predicted for August 2022. Annual recurring revenue (ARR) refers to revenue, normalised on an annual basis, that a company expects to receive from its customers for providing them with products or services. Essentially, annual recurring revenue is a metric of predictable and recurring revenue generated by customers within a year. The measure is primarily used by businesses operating on a subscription-based model.
Abhijit Tripathy, the Executive Director of PSPL, announces their association with two big companies (one healthcare service provider based out of Bengaluru and another E-commerce vendor based out of New Delhi) on Friday, stating that their ARR is on the way to rising further in near future with their plans to acquire new IPR and launch their own software products towards the end of this year. The company has maintained its record of 100% client retention with excellent support availability.
" PSPL is one of a few companies to encourage women in corporate (50% of female employee reservations). The company has also taken a sustainable goal of creating a forest with 20000+ plantations by 2032. With a predicted ARR of 1 crore INR, the company is willing to create more impact not only in corporate but also in increasing academic and industry relations for research and development. We have a plan to hire more people and expand to overseas soon enough " - informed the young Executive Director.
Presear Softwares PVT LTD is one of the first few in-house startups of Guru Ghasidas Vishwavidyalaya, Bilaspur, to be officially recognized by Startup India and reach an ARR of 1 crore INR in a small tenure. The company excels at building software that is functional and capable enough to stand with your business logic with a thin line between the functional requirements as well as standard features. For more details visit - presear.com