Indian SaaS firms see revenue gains from domestic market

Indian Software-as-a-Service (SaaS) companies, which traditionally derived a larger share of their revenues from global markets, are now turning their focus to the domestic market, with revenue prospects improving here, industry experts Fe spoke to said.

For instance, Tally Solutions, a prominent accounting software provider, now derives 90% of its revenue from its 2.5 million paying customers in India. Tejas Goenka, managing director, said that the company expects a 30-40% growth rate in India this year. In FY23, Tally Solutions reported a revenue of Rs 550 crore, marking a 20% year-on-year growth.