Chennai-based digital engineering firm Indium is doubling down on its focus on leveraging generative artificial intelligence (AI) in multiple areas. Its 5,000-odd workforce is utilising the technology in areas such as code generation, performance optimisation, bug fixes, and quality engineering.
In an interaction with TechCircle, Ram Sukumar, the co-founder and chief executive officer (CEO), explained that the company’s core hiring strategy remains unchanged even with the advent of newer technologies. While the company will be prudent in talent acquisition, major hiring cutbacks due to industry changes are not anticipated.
Ram Sukumar remarked, ‘Our company has now grown to nearly 5,000 people, including recent acquisitions. However, rather than making headcount-based projections, we are shifting towards a need-based hiring approach, focusing on productivity and efficiency.’
AI practice has become a core theme for Indium. The company has reported growth in revenue and market presence over the last five years, with data and AI practice emerging as central to this expansion. On this basis, the firm is rebranding itself from ‘Indium Software’ to simply ‘Indium.’
Sukumar noted the reasoning behind this change, stating, ‘The term “software” has increasingly been associated with product companies rather than services firms like ours. Typically, private equity investors and the broader industry perceive “software” as synonymous with enterprise application solutions or licensed product offerings. However, our strength lies in digital engineering, data, and AI—areas that extend far beyond traditional enterprise software.’
He added, ‘With this in mind, we decided to drop “Software” from our name while retaining “Indium,” given its strong brand recall among customers and talent.’ This announcement coincides with the company’s 25th anniversary this year.
Indium has formed partnerships with technology companies like Databricks, WSO2, Striim, and Mendix, as well as hyperscalers such as AWS, GCP, and Azure to deliver its AI solutions at scale. Notably, the company acquired a majority stake in Kochi-based Experion last year to enhance its capabilities in advanced analytics and AI.
Looking forward, Indium aims to reach ₹1,300 crore ($150 million) in FY26, a significant increase from ₹130 crore in FY21. Notably, last year, the Hong Kong-headquartered BPEA EQT Mid-Market Growth Fund acquired a majority stake in Indium. Sukumar further noted, ‘The company has no plans of a fund raise or IPO at the moment.’
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