Revenue Growth: 114%
Avasant is a management consulting firm providing digital transformation, sourcing advisory and globalization services to Fortune 1000 clients around the world. The firm drives customer value through the use of its proprietary consulting and advisory methods, which have been refined over decades of real-world transaction and engagement experience, says Kevin Parikh, CEO of Avasant. “As firms strive to differentiate and innovate, we believe there will be significant technology lead disruptions in the market place, going forward,” Parikh says. “This environment is offering Avasant the opportunity to serve as a catalyst for change and as a key enabler of transformation.”
Those opportunities have resulted in revenue growth of 114 percent, placing Avasant as the No. 29 Fastest Growing Firm. Consulting caught up Parikh, along with Partner Joe Frampus, to discuss the firm.
Consulting: What were the main factors that contributed to you exceptional growth?
Parikh: Avasant’s growth thesis is based on strategy of “client First”. With our focus on understanding the client problems and providing tailored business solutions, we have been able to create a track record of exceptional client success stories, for both Fortune 1000 enterprises and the public sector. Top industry associations have recognized Avasant’s client delivery excellence as the best in the industry.
Consulting: How is 2015 shaping up for your firm?
Parikh: The year 2015 has been exceptional for our firm’s growth. During the year, we have registered over 35 percent growth and anticipate closing this financial year on a strong note. We have expanded our presence in Europe with new offices in Spain, Italy and Germany. We also plan to complete the acquisition of our outsourcing advisory partner in Germany to consolidate our position in the market.
Consulting: How would you describe your outlook for 2016?
Frampus: Our renewed investments in developing our services and IP, supported by aggressive marketing & branding, will chart the business direction in 2016. Avasant anticipates strong traction for its Digital Transformation services as most of our clients have plans to transform their business and customer engagement models through innovation to meet the needs of the digital economy.
Consulting: What do you see as the biggest challenges in 2016?
Frampus: As Avasant expands its global footprint and service portfolio, we will be vigilant to nurture and maintain our key differentiators—corporate culture and human resources and “client-first” philosophy. These are key challenges for a fast growing firm like ours. We plan to undertake following specific firm-wide initiatives: Continuously seek out and develop talent globally; Instill, nurture and protect our corporate values while we expand in new geographies; Proactively interpret the complex requirements of clients in global markets which include developing and emerging economies and tailoring our service offerings to deliver the expected value; and, aggressively market and strengthen our brand.
Consulting: What does being a Fastest Growing Firm mean to your firm, your employees and your clients?
Parikh: Avasant’s corporate philosophy has been to support clients in their quest for efficiency, innovation and exceptional business outcomes. Avasant is honored to receive this recognition and it further strengthens our resolve to focus on understanding customer needs and customer satisfaction.