Innovation, Growth And Excellence
Prismatic Softwares, a reputed name in the IT industry, is setting new benchmarks for innovation and growth. Established with a vision to revolutionise IT services, commitment to excellence, the company has achieved remarkable milestones. Prismatic Softwares has emerged as a frontrunner in leveraging cutting-edge technologies to shape a dynamic and agile business landscape. The company has earned many accolades, including the prestigious "Most Innovative Emerging Enterprise" Award at the 5th edition of the Emerging Businesses Awards hosted by BW Businessworld.
Sambprasad Kuvalekar, Founder and Managing Director of Prismatic Softwares, underlined the significance of Micro, Small, and Medium Enterprises (MSMEs) in the country's economy. "MSMEs play a very important role in the overall economy of the country," he stated, highlighting the impressive contribution of the SMB sector, which drives around 33 per cent of the nation's GDP. With an eye on realising the ambitious goal of a 5 trillion-dollar economy, Kuvalekar firmly believes that MSMEs like Prismatic Softwares will be the catalysts for future growth.
The company's commitment to innovation is evident in its strategic approach to technology. Leveraging their proprietary Low Code and No Code tools, Prismatic Softwares has transformed their engineering process. According to Kuvalekar, "No code is our strategy," as they emphasise the significance of transitioning from micro to medium scale enterprises and beyond, driven by innovation and a forward-looking mindset.
Prismatic Softwares' prowess in IT services is substantiated by impressive figures. The company's adoption of Low Code and No Code tools has streamlined delivery predictability, saving up to 25-30 per cent of time for their global customers. Notably, the company achieved a remarkable 2x growth in both FY20-21 and FY21-22, even amidst the challenges posed by the tight market scenario of FY22-23. With a projected 25 per cent year-on-year growth in top line, Prismatic Softwares continues to set benchmarks for consistent and sustainable expansion.
In the global arena, Prismatic Softwares has demonstrated its prowess by generating significant export income, with the USA being a primary destination. Their Mobile Recharge Aggregator Engine, a testament to their capabilities, handled a staggering five lakh transactions per day for six years, asserting their foothold in the market.
As they set their sights on further expansion, Prismatic Softwares plans to amplify their US operations, building on a successful partnership established in 2019. With a commitment to innovation, growth, and excellence, Prismatic Softwares remains a beacon of inspiration in the realm of IT services, embodying the spirit of the "Most Innovative Emerging Enterprise" Award they proudly hold.
