India will become an increasing part of our growth in the next 3-5 years. Techwave sees tremendous upside potential in both SAP, App Dev, and Data & Analytics services in the marketplace.
Briefly tell us about Techwave, its genesis and growth so far.
We are a global digital transformation partner offering a wide range of services across IT, engineering, and enterprise business solutions. With over 3000 employees on 5 continents, we focus on delivering comprehensive solutions that enable our clients to achieve their business objectives as part of their digital journey. Since our inception, we have evolved into a global services integrator with delivery capabilities in North America, Eastern Europe, India and Australia.
Techwave prides itself on its CMMI level 5 certification, emphasizing quality in enterprise applications and digital transformation. We started our journey in 2004, offering traditional SAP BI & EPM services to clients, including Cognos and Informatica. During the first phase of our 20+ years journey, we focused on SAP ERP development, Remote Infrastructure Management (RIM CoE), and Testing CoE. This exciting period saw new offices in the Middle East and Asia-Pacific complement our existing posts in the USA and India, creating a truly global, 24hr workforce.
“Techwave has developed proprietary products like ORION, an in-house accelerator for S/4HANA data migration, and Special Food Processing (SFP), a SAP-based solution catering to the dairy industry.”
Raj Gummadapu, CEO and Co-Founder, Techwave
We launched our Cloud offerings in partnership with AWS and Azure and saw a rapid expansion of e-Commerce implementation services and Big Data Services. We’re proud that we garnered Global recognition from Forbes and other leading journals for our work in these areas. Our acquisition of Infotech IT and others added new expert talent, further strengthening our presence in Europe. By 2016, we had transformed ourselves into a global end-to-end IT services and solutions provider with a whole range of offerings. Over our incredible sprint, we’ve been able to serve over 600+ global clients across all the key sectors.
What are the products and solutions Techwave offers to the market?
Techwave offers a diverse range of products and solutions across various sectors. In the Digital Technologies domain, Techwave provides services such as AI, Cloud, Application Development, and Data Solutions. Notable products include the GenAI Solution Accelerator, which allows businesses to experiment with Generative AI by creating small-scale prototypes, along with Terraform Automation Scripts and CI/CD Automation to streamline infrastructure management and software deployment. In the SAP sector, Techwave delivers services like GROW with SAP, RISE with SAP, SAP Analytics Cloud (SAC), and SAP Business Technology Platform (BTP).
Additionally, Techwave has developed proprietary products like ORION, an in-house accelerator for S/4HANA data migration, and Special Food Processing (SFP), a SAP-based solution catering to the dairy industry. Their S/4HANA SMART Conversion service helps businesses evaluate the feasibility of converting or re-implementing from SAP ECC to S/4HANA, while Datasphere serves as a powerful data hub integrating real-time insights from multiple sources.
“Along with Terraform Automation Scripts and CI/CD Automation to streamline infrastructure management and software deployment. In the SAP sector, Techwave delivers services like GROW with SAP, RISE with SAP, SAP Analytics Cloud (SAC), and SAP Business Technology Platform (BTP).”
Damodar Rao Gummadapu, Co-Founder and Chairman
In the Engineering Services sector, Techwave provides Wireline and Wireless Engineering as well as Geospatial services. They also offer innovative tools such as the MDU Survey App, which simplifies fiber-to-the-home (FTTH) network planning, and the Anchor App, a cloud-based program management tool designed to enhance productivity for complex engineering projects.
Which verticals the company is focused on?
Techwave is focused on delivering services and solutions across several key verticals, including Consumer Products Goods, Lifesciences, Wholesale Distribution, Fintech, Healthtech, Language Services Providers, Telecom, and Utilities. These verticals form the foundation of Techwave’s expertise, enabling the company to drive innovation and support the digital transformation for many of our clients across th globe.
Which countries, the company is focused on and why?
Techwave is focused on key markets including India, the United States, Europe, and the ANZ (Australia and New Zealand) region. These areas are strategically important due to their strong demand for digital transformation solutions, growing technological advancements, and diverse business environments. By targeting these regions, Techwave aims to drive innovation, expand its global footprint, and address the unique technological needs of businesses across various industries.
Who are major customers of the company?
Techwave serves a diverse range of clients across various sectors, including 12 Fortune 100 companies and over 600+ companies across the globe, many of which are Fortune 500 or Fortune 1000 companies.
What is the competitive advantage?
- Our global delivery capability spans 5 continents from which can deliver to our clients around the world.
- Our focus on value embraces a close to customer strategy that focuses on best cost delivery which aligns to the strategic importance of the work that our clients trust us to perform
- Expertise: our 3200+ Techwavians across the globe bring diverse experiences across industry, geography, technology, business domain expertise that includes colleagues who have worked industry, Big 4 consulting firms, or other leading consulting firms across the globe.
- ROI-driven Solutions: Our domain expertise combined with our solution expertise across many digital technologies allows us to deliver business outcomes expected by our clients. Our emphasis on applying technology and services to solve a business challenge or need increases the value realization that we delivery to our clients every day.
What is the growth strategy for next 5 years?
Our growth will continue to focus on delivering end-to-end solutions in SAP, Data & Analytics, Application Development, Automaton + AI, Cloud and Engineering Services. These competencies are pivotal to our growth in our focused industry verticals with emphasis on our strategic partnerships that we believe are in high demand with our existing clients and our targeted clients. While we continue to execute on our organic growth strategies, the company is well positioned and will evaluate strategic acquisitions that are fully aligned to our company and can increase the value that we can deliver to our clients.
About the founders:
| Raj Gummadapu, CEO and Co-Founder: | Damodar Rao Gummadapu, Co-Founder and Chairman: |
Raj Gummadapu is a seasoned entrepreneur and leader with a proven track record of building sustainable organizations. With over 20 years of experience in business consulting, technology, and digital transformation, Raj brings a wealth of knowledge to the table. He holds a Bachelor of Commerce from the prestigious Osmania University in Hyderabad, India, and is a Chartered Accountant through the Institute of Chartered Accountants of India (ICAI). Additionally, he is a Certified Public Accountant (CPA). Raj’s strong background in finance allows him to blend business acumen with multidisciplinary thinking, creating holistic solutions that benefit both clients and partners. | Damodar Rao Gummadapu is a veteran leader in IT and engineering solutions, a serial entrepreneur, and a strategic tech investor with over two decades of experience guiding digital transformation for companies worldwide. His entrepreneurial drive has enabled him to build and nurture multiple organizations profitably. Damodar has led global enterprises like Techwave and MosChip and has been instrumental in developing next-generation tech solutions for the market. He has held key leadership roles at KPMG and Deloitte, gaining deep insights into how mid-sized businesses manage customer acquisition and business development. His expertise in IT consulting and business strategy has fueled his vision as a tech entrepreneur, leading to the creation of innovative solutions in the IT sector. |
What is the vision of the founders?
The vision is to become our client’s most trusted digital transformation partner. This aspiration reflects their commitment to delivering exceptional value and innovative solutions that empower companies to navigate their digital journeys with confidence.
What kind of growth Techwave sees beyond US?
Looking beyond the US, we believe we are well positioned to capitalize on growth opportunities in Europe and ANZ. India remains an importance market as we become even more focused on the execution of key competencies that we believe can drive significant growth for our company. In particular, we see expansion in our SAP services, Automation+AI, and Cloud services across all regions in addition to expansion in Utilities and Telecom specifically in Europe.
What is the present revenue of the company?
Our revenue is evenly distributed across our diverse portfolio of services, which helps reduce the risk of downturns. While digital services remain in high demand, we have noticed that sales cycles have become longer. There is considerable growth potential in our SAP services, as more than 65% of current SAP clients have yet to start their S/4HANA journey. At the same time, demand for engineering services in the Telecom and Utilities sectors varies with available capital. However, we expect ongoing investments from telecom and utility operators as they upgrade their infrastructure to meet the increasing digital demands in these industries.
What is the share of APAC and Middle East which are growing faster?
Our revenue represents about 20% of total revenue with upside potential to grow our digital services in that region over the next 3 years.
What is the growth plan for India, which is a fastest growing country?
India will become an increasing part of our growth in the next 3-5 years. We see tremendous upside potential in both SAP, App Dev, and Data & Analytics services in the marketplace. Our increased focus on these key competencies will be prioritized as we transition into 2025 given the success we have since on a year-to-date basis as we drive increase focus as a company.