Zoho Corp eyes $1 billion revenue from ManageEngine in next 2-3 years

The Company, which is India's first bootstrapped unicorn, says it will continue hiring in FY24

Software-as-a-services player Zoho Corporation said that India is on track to become its second largest market globally, behind the US, within the next three years. This is especially for its enterprise IT management division ManageEngine, which it expects to reach revenue of $1 billion in the next 2-3 years. This despite the fact that globally SaaS players are seeing a slowdown.

Sridhar Vembu, CEO and co-founder of Zoho, said, “ManageEngine has long been Zoho Corp’s bread and butter. Over the last five years, ManageEngine's ‌cloud services averaged 70 per cent year-on-year growth, peaking during the time of the Covid-19 pandemic.