Vanan Online Services, a 12-year-old company offering translation, transcription, voice-over, captioning and subtitling services with offices in Chennai and Virginia, US, is offering 20% equity in the company on an investment of $10 Million.
| Vanan Online Services is offering 20% equity in the company on an investment of $10 Million (Photos: Special Arrangement) |
“In 2020 we closed at $1.9 Million and in 2021 the turnover was $1 Million. There was a drop in revenue due to the pandemic. But in the current year our revenue target is $2 Million and by 2024 we hope to touch $4-5 Million.”
The Backstory
Hailing from the small town of Virudhachalam in Tamil Nadu, Saravanan fought his way up after failing in Class 12 and starting to work from age 18.
Just like ‘Vanan,’ Saravanan had the modest of starts to his career as a computer science tutor at NIIT Chennai. (Read his Full Story)
His voracity in terms of business learning and knowledge management was built through stints as an executive with Airtel and later as a sales coach at Sutherland Global Services for a total of eight years before he went on to establish the brand of Vanan in 2010.
Saravanan explains on what basis he has made his valuation and speaks about the strengths of Vanan.
Target Market
The potential that the industry has long held is perennial with indications that the billions the industry yields will remain on an upward trend.
Google projections and latest industrial simulations indicate a present-day...
Read Full Story: https://www.theweekendleader.com/Success/3086/making-the-pitch.html
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