Experion Technologies Plans To Add 500 Employees

Experion Technologies, a product engineering company, is aiming for a 30 per cent growth in the current fiscal year. The company is leveraging its strong market presence in the US, which currently accounts for 67 per cent of its revenue, while also expanding its footprint in Europe, the UK, ANZ, and newly entered markets such as Japan.

Experion's CEO and MD, Binu Jacob, highlighted the geographic revenue distribution, emphasising the significance of the US market and identifying large growth opportunities in Europe and the UK. The US contributes about 67 per cent of the company's revenue, followed by Europe and the UK, then ANZ, with the remainder coming from the Middle East, Africa, and their new venture in Japan.

To support this growth, Experion is increasing its local workforce in key regions. Over the past 18 months, the company has expanded its US team from a few individuals to 25 employees, reflecting a broader strategy to enhance customer engagement and service. Similar expansion efforts are underway in Japan and Europe, where the company acquired a team of about 25 people, including both local Japanese employees and staff from India.

Experion is currently focusing on several key sectors, including transportation, financial services, healthcare, and retail. The company has developed a world-class asset management system for the transportation sector, which is being deployed globally. Additionally, a recent acquisition in Australia has bolstered its financial services offerings, providing a platform for further international expansion.

The company's ambitious plans also include a significant increase in its overall workforce. Experion anticipates adding 500 new employees this year, focusing on lateral hires and domain experts to support its growing client base. This expansion is targeted at sectors such as BFSI (Banking, Financial Services, and Insurance), transport logistics, retail, and healthcare.

In May 2023, Experion took a bold step by entering new markets in Japan and the Nordic countries. The company plans to double its overall headcount to 3,000 by 2025-26. To support this expansion, Experion has allocated USD 6 million (Rs 50 crore) for investment.