Savan Group is a small busi- ness management and IT consulting firm and “a trusted partner to public sector clients,
helping them solve their most critical management and operational
challenges to achieve sustainable
success,” says Veeral Majmudar,
President & CEO. “We do this
through analysis across the fundamental organizational components
of people, process, and technology.”
As Savan Group celebrates its 12th
anniversary in October, “we are
all proud of the work that we have
put forth and the success we have
achieved,” he says. “This recognition means a lot to our firm, our
employees, and every person who
has spent time helping build Savan
Group.” Majmudar sat down with
Consulting to discuss his firm’s financial performance.
Consulting: What were the main
factors that contributed to your firm’s
Majmudar: Savan Group has ex-
perienced exponential financial
achievement and growth as a result of
targeted investments. Aside from suc-
cesses pertaining to revenue, we have
experienced tremendous growth with
regard to acquiring new clients ( 53
percent), task orders (171 percent)
and staff ( 54 percent). Furthermore,
we have improved our overall prof-
itability (131 percent). We anticipate
an even greater return on investment
as we have restructured our service
lines to better meet our clients’ needs.
Consulting: How is this year shaping
up for your firm?
Majmudar: This year is shaping up to
be another successful year for the firm
on all fronts. We will have increased
our employee base by almost 75 percent. In addition, our revenue will also
increase by almost 70 percent. This
growth is due largely in part to our expanded service offerings, particularly
in the areas of information management, program management support,
and strategy work. As a result, we
have seen an increase in brand awareness and industry recognition.
Consulting: How would you describe
your firm’s outlook for 2019? Where
do you see the most opportunities?
Majmudar: Our firm’s outlook for
2019 is marked by great opportunity.
Several large-scale opportunities are
available for us to pursue, particularly
around the areas of data and
information management and risk
analysis and assessment. Specifically,
with many clients facing significant
challenges posed by ever-evolving
cyber security threats, stakeholders
are seeking more information and
data to make informed decisions
about their organizations.
Consulting: What are your firm’s
biggest challenges in 2019?
Majmudar: As it stands now, I
think we have two major challenges
heading into 2019. First, we need to
continue to recruit talented individuals. Although we have experienced
many successes to date, the job market, nationally and in the D.C. area,
is extremely tight. It’s a job seeker–friendly market, so we believe
recruiting efforts demand a targeted,
Consulting: What does being named
one of Consulting’s Fastest Growing
Firms mean to your firm, your
employees and your clients?
Majmudar: To a certain extent, it
feels almost as if we’ve come full
circle. We were fortunate enough to
be named on Consulting Magazine’s
“Seven to Watch” list back in 2011.
Seven years later, being named one
of the fastest growing firms in our industry is a testament to our employees, our leadership team, and the trust
our clients have placed in us.
*REVENUE GROWTH: 561% HQ: MCLEAN, VA