Consulting Magazine - November 2017

Lorven Technologies Inc., is a fastest growing compa- ny among many other accolades, providing technology services in the area of Software Development and IT Staff Augmentation services across diverse business domains like Banking, Finance, Securities & Insurance, Telecom & Media, Retail & Manufacturing, Pharmaceuticals & Healthcare and Energy. Bala Shan, President & CEO, says: “We have only scratched the surface of what is possible and cutting edge technologies emerging, which brings in new possibilities about how we can make it better. Our expertise in technology and the ability to understand the market requirements helps our clients to increase their ROI". Shan sat down with Consulting to discuss the firm’s revenue growth and overall performance.

Consulting: What were the main factors that contributed to your firm’s growth?

Shan: We would like to highlight and contribute our growth through the following factors, Customers— customer satisfaction and retention is the key factor for our growth.

Customer demands are delivered
with quality services with good
turnaround time. Focus—this is
the source of our growth. We focus
on our strengths and the goals with
continuous effort in improving our
process, quality and customer sat-
isfaction. Plan—strategic planning
with specific goals with required
infrastructure and the resources for
the execution of the plan has put
us on the growth fast track. Exe-
cution—execution of the planned
strategy is an important factor. We
set clear priorities and ensure the
strategies have been implemented
effectively. Change is the only con-
stant factor, we revise the plans if
required. People—people are the
key asset of our organization. We
hire the best minds, with a drive for
achieving their dreams. We strongly
imbibe the culture of design think-
ing to all the associates and thus it
kept us challenged and motivated.

Consulting: How is this year shaping up for your firm? Shan: We are geared up to face the challenges to bring in emerging cutting edge technologies. We will position ourselves with an innovative mindset and become stronger with the latest technology talent pool.

Consulting: Where do you see the most opportunities?

Shan: We are in the process of
partnering with clients in various
domains providing opportunities
for the local talent. Our focus is on
proving exceptional quality deliv-
ery through effective process. Our
continuous effort in creating long-
term relationships with our clients
will put us on the fast track. One
of the promising plans for 2018
would be company expansion in
multiple locations.

Consulting: What would you say are your firm’s biggest challenges in 2018?

Shan: Competitive client bill rates; change in immigration policies.

Consulting: What does being named one of Consulting’s Fastest Growing Firms mean to your firm, your employees and your clients? Shan: It strengthens the business platforms, we have already built. It is a great sense of achievement in our organization; it brings reassurance on our quality process among our clients; it is an expansion in business growth in various domains and it provides a better brand image for the organization.