Planview, a strategic portfolio management (SPM) and digital product development (DPD) platform, aims to double its global revenue to $1 billion in the next three years. The company has achieved revenues of over $400 million in 2023. Recent clients include Dr Reddy’s, Apollo, TVS, Aditya Birla Capital and Colgate.
According to Planview, India is a key hub for the company with over 50% of its product development happening outside India. Additionally, the company’s global capability and innovation center is also based in India. Planview has adopted a two-pronged go-to-market strategy to serve domestic Indian companies on their digital transformation journey and GCC multinational companies in India.
“India is already one of our fastest growing markets. In addition to our global capabilities and innovation centres, we also set up a go-to-market team last year to drive India-based revenue opportunities. The first year has been very strong and we aim to double that in the next one year,” said Razat Gaurav, global CEO, Planview. He added that progress in India is fast with Planview having signed deals with around 25 leading conglomerates and corporates across the automotive, pharma and BFSI sectors.
Planview’s recurring revenue grew more than 10% year over year and billings grew more than 15% year over year. Planview added 257 new customers in 2023. The company works with more than 4,500 customers worldwide to plan, manage and deliver their digital transformation through a Software-as-a-Service (Saas) delivery model, enabling them to scale faster.
In addition to DPD and SPM, Planview also offers professional services automation solutions. The company also launched Planview Copilot, an advanced GenAI assistant for connected work built on Planview’s unique data foundation from over 4,500 customers and $350 billion in digital transformation spend. The assistant accesses operational insights across portfolio management, value stream management, and agile planning and delivery, accelerating strategic decisions based on insights and action data through a conversational interface.
