The company also build distinctive and adaptive strategies that help the organisation to succeed in today’s complex and uncertain world. We are a firm, which is much more focussed on Research and academic
Yuvraj Bhardwaj
Could you elaborate on Petonic Infotech's offerings in India?
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Petonic has been providing consulting to various industries, including Technology, Finance, Agriculture, Environment, Manufacturing, Climate, Food, Healthcare, Economics, Public Policy & Governance, Development partnerships, Substantiality, and much more. Some of the clients include various MNCs, Central/State Governments (in India and abroad), etc. Petonic works extensively on providing Project management consultancy, Transformation consulting, M&A services, Academic research, Strategic Studies, Fraud analysis, Data analytics, IT and much more for Government including E-commerce, System Integration, Control Command Centre, Defence & Homeland Security segment.
What according to you are your USPs? How does your business and industry ecosystem differ from that of other consulting services in India, and what is the situation in the B2B market?
The uniqueness lies in its collaborative approach with a focus on innovative & creative solutions as per each organisation needs. Outcome based business model has been a success factor for Petonic. The company also build distinctive and adaptive strategies that help the organisation to succeed in today’s complex and uncertain world. We are a firm, which is much more focussed on Research and academic. We work with a collaborative approach and mindset to practise open innovation. Petonic believes, in developing frameworks to avoid friction, confusion, underperformance within systems and generate dynamically capable individuals. We believe in mobilizing the social and knowledge capital first for our clients rather than financial capital.
Was your company running any special Covid-related campaigns during the pandemic?
We at Petonic mobilized Rs. 2 Crore for COVID relief through its multinational partners, clients and associates. We also partnered with NGO’s like the Open Innovation Lotus Foundation, Project India Foundation and many more for reaching out to widespread rural India during the second wave of the Covid-19. The major intent of this initiative was to procure Oxygen Concentrators & other goods required to fulfil the oxygen requirements in rural parts of India. Other than this, Petonic Infotech also engaged in running different ‘Free of Cost’ helplines for people to consult Doctors telephonically and get themselves treated.
What difficulties did you face during the pandemic?
Source Global Research estimates that the COVID-19 virus could reduce the size of the global consulting industry by 19%, from $160bn in 2019 to $130bn in 2020. Covid-19 is putting the brakes on the global economy. For many countries, the fallout of the outbreak is a question of the degree of economic pain – be it a recession or a depression. And the global consulting industry, like most others, is unlikely to be spared a downturn from the colossal impact of the pandemic. We at Petonic faced issues like shrink in market of Private sector and also inaccessibility of right talent pool to solve problems.
What factors influence your business model, and what is your vision for the next five years?
With rapid expansion plans due to tremendous growth even after COVID-19, the company has plan to expand to US market by doing a office in California by November 2021. This expansion is focussed to work closely with Silicon Valley giants & fortune 500 companies to create sustainable solutions. We also plan to hire nearly 200 people in upcoming year and achieve 400% growth from last financial year, which is not impossible to hit as we already have these worth deals in hand. We plan to expand our office to the US to help corporates there as well.
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