On Friday, a top official from Software services firm NIIT Technologies Ltd informed that the company is planning to bring a rise in the revenues from its travel, financial services and retail sectors from the present 80% to nearly 90%.  

Arvind Thakur, Chief Executive Officer, told that they have to push it over 90%. He referred to the revenues from three segments, but did not assign any timeframe for this.

Revenues up to 42% were accounted by Banking, financial services and insurance (BFSI), with 28% of contribution given by insurance itself.

Thakur reported, “We are seeing a slowdown in the BFSI segment due to the current global turmoil in the sector.” He further added that growth in travel and retail segments would help bettering the situation.

A contract from Cathay Pacific Airways was won by the company three days back, under which NIIT Tech will have to develop a warehouse operating system for its new cargo terminal at Hong Kong International Airport.

Thakur informed, “We are sharply focused on the travel and transport segment and these wins have positioned us well and given us good visibility. This would add to the revenues from this segment.”

Travel and transport segment contributes to about 28% of the revenues of the company, under which it has more than 50 clients, of which 30 are airlines.