Blockchain development company sticks to India expansion plan, says industry is resilient

Hyderabad, April 28, 2022: Brugu Software Solutions, one of India’s fastest growing blockchain development and engineering companies, says it is launching a new recruitment drive in India and is looking at growing business opportunities.

The company is expanding its presence in both Madurai and Hyderabad amidst growing clientele and new projects in the pipeline.

“Our India plans are on track. We recently increased our bench strength, recruiting about 60 new staff. We are looking at increasing the strength by another 40 to 50 engineers who are well versed in the areas of metaverse and blockchain,” says V.S. Kiran Paturi, Co-founder and CEO, Brugu Software Solutions.

Brugu offers end-to-end blockchain development solutions including blockchain technology consulting, development of dApps, smart contracts, blockchain wallets and decentralized exchanges, and tokenization.

The company recently announced that it has hit a market capitalization of $28.5 million in the first quarter of 2022 and a threefold increase in the number of clientele during the past year thanks to massive adoption of DeFi in the gaming and financial sectors.

“The demand is mainly being driven by metaverse, NFT and Web 3.0,” says Kiran.

“Being one of the key emerging technologies, there has been a jump in metaverse-related projects due to its large-scale adoption by the gaming industry,” says Kiran.

The company recently completed a major project for the UK-based online lottery platform Lucky Block.

“There is a huge supply-demand gap in the Indian market. In fact, it has become quite a challenge to recruit and retain quality skilled workforce,” says Kiran, who is working on a unique strategy to upskill the workforce from India’s tier II & tier III cities. Brugu is also enhancing its R&D centre in London.

The news comes amidst reports of several crypto companies either exiting or planning to move out of India due to regulatory uncertainty and higher tax rates.

“We firmly believe that the laws will become more certain in the coming months as the regulatory mechanisms are put in place and as the industry evolves,” says Kiran.

“The industry might be currently facing some uncertainty but will eventually stabilize. It is resilient. Things will fall in place. We are looking at growing our business by almost 150 per cent in the next three quarters,” he adds.

Brugu Software Solutions Private Ltd is a Hyderabad-based blockchain development and engineering company enabling enterprises and start-ups in developing cryptocurrency and decentralized applications.

Brugu offers end-to-end blockchain development solutions including blockchain technology consulting, development of dApps, smart contracts, blockchain wallets and decentralized exchanges, and tokenization.

The company has more than 200 employees working from their offices in the southern Indian cities of Hyderabad & Madurai, and London

https://brugu.io/

Comments are closed.

Business

Automation Expo South 2025: South India’s Premier Event for Industrial Automation, AI and Robotics

Chennai (Tamil Nadu) [India], February 18:  With industries embracing automation, AI, and robotics at an unprecedented pace, Automation Expo South 2025 stands as the definitive platform to explore groundbreaking solutions shaping the future of manufacturing, industrial automation, and digital transformation. Taking place from 6th to 8th March 2025 at the Chennai Trade Centre, the event […]

Read More
Business

Abakkus Leads Rs. 175 Crore Funding in Stelmec Limited with Hem Securities Ltd. as Lead Advisor

New Delhi [India], February 18: Mumbai based Stelmec Limited, a three decade-old name synonymous with Electrical Power Products in India and a trusted partner to various State Owned and Private Power Utilities, has secured ₹175 crore from a consortium led by Abakkus Four2Eight Opportunities Fund. The transaction was facilitated, Hem Securities Ltd., who played a pivotal role in […]

Read More
Business

Giosun Healthcare Sets New Standards in Ayurvedic Wellness at IPLCM Expo 2025

New Delhi [India], February 17: Giosun Healthcare Private Limited, a leading innovator in herbal cosmetics, personal care, and nutraceuticals, made a significant impact at the International Private Label & Contract Manufacturing (IPLCM) Expo 2025 held at the Bombay Exhibition Centre. With a portfolio of over 700 natural wellness products, the company reaffirmed its dedication to […]

Read More