India’s digital transformation is no longer an aspiration; it is now becoming a prominent reality. With ITO and BPO services making up over 60% of service exports, the country has maintained a remarkable 14% CAGR in service export growth over two decades. This momentum is now fueling India’s ambition to lead in Industry 4.0 technologies.
In this episode of the Analytics Insight Podcast, host Priya Dialani speaks with Ashish Rai, Group CEO of Aurionpro Solutions, to discuss how India is positioning itself as a launchpad for scalable, global technology.
Founded 27 years ago and listed since 2005, Aurionpro changed its focus from diversified services and concentrated on global platforms and products. Software banking, payments, smart transit solutions, and enterprise AI research are the items in the portfolio. Over the past three years, the company has achieved a growth rate of 30% every year, scaling from Rs. 375 crores in 2021 to more than Rs. 1,150 crores in 2024.
Rai, with decades of enterprise fintech experience at global firms like Finastra and FIS, joined Aurionpro to drive this pivot. “Services are linear, but products require upfront investment, risk-taking, and a global playbook,” he explains. “Our mission is to create IP from India that can compete worldwide,” the Group CEO further elaborates on their goal.
According to Ashish Rai, three factors make India uniquely positioned for enterprise technology:
Talent at Scale: Access to the best engineering talent enables companies to build world-class products.
Strong Local Market: India’s large financial landscape offers a testing ground for fintech and AI solutions before global expansion.
Cutting-edge Infrastructure: Innovations such as open-loop payments and digital public infrastructure make India a land of plenty for experimentation.
Aurionpro’s goal is clear: to help move Indian IT from services to products. “Enterprise software is a level playing field globally,” he notes. “The difference lies in knowing what the best product looks like and building it,” Ashis Rai adds while explaining the key to their success.
As sectors like manufacturing, electronics, and pharmaceuticals embrace automation and predictive technologies, India’s innovation journey is set to accelerate. With companies like Aurionpro leading the charge, the country isn’t just adapting to Industry 4.0; it’s shaping it.