News Update

Cygnet Digital Rebrands to CYGNET.ONE, Pioneering Business Transformation

• ByStartupStory     |    May 8, 2024

Cygnet Digital, a leading player in business process digital transformation, has officially rebranded itself as CYGNET.ONE. This transformation underscores the company’s commitment to innovation and cutting-edge technologies, particularly in the realms of artificial intelligence (AI) and machine learning.

Niraj Hutheesing, founder and managing director of CYGNET.ONE, emphasized the company’s vision for the future: “Every step, every innovation at CYGNET.ONE strives towards a future where technology converges with human creativity, emotions, and intuitive intelligence.”

With this rebranding, CYGNET.ONE aims to offer comprehensive solutions to organizations seeking to overcome industry challenges through business process transformation. Hutheesing explained, “We aim to unlock the power of the human mind through out-of-the-box ideation until last-mile execution for solving organizational challenges.”

Under the new brand umbrella, CYGNET.ONE brings together a suite of specialized offerings, including compliance transformations, digital and quality engineering, enterprise modernization, and data, AI & analytics hyper-automation, among others. The company envisions becoming a key leader in the tax technology space in India, leveraging its expertise honed since the introduction of GST in 2017.

Cygnet’s aspirations extend beyond India, aiming to emerge as a global compliance leader, particularly focusing on e-invoicing on a global scale. The company’s growth strategy includes forging strategic partnerships with leading tech providers, with an emphasis on ERP and CRM systems. Additionally, Cygnet is actively seeking collaborations with industry-leading hyperscalers like AWS, Azure, and Oracle to fuel innovation and scalability.

“We stand as the foremost consultants, renowned for our ability to architect ideal solutions,” stated Hutheesing, reflecting on Cygnet’s evolution since its inception in 2000.

Cygnet’s commitment to embracing AI is evident in its expanded service offerings, which now include HR Automation tools, Tech Due Diligence, and AI-based ETL tools. Abhijit Sen, VP Head of Architecture and Innovation at CYGNET.ONE, highlighted the significance of AI in business: “AI will significantly impact businesses, and we are prepared to help our customers make that leap.”

With a revenue exceeding USD 25 million and a growth rate of nearly threefold in the past five years, CYGNET.ONE is poised for significant expansion. Hutheesing concluded, “From North America to Europe, UK & Africa, from Asia Pacific to the Middle East, our local expertise, combined with a global perspective, enables organizations around the world to navigate cultural nuances and regulatory landscapes easily.”

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