Automation Anywhere may look at IPO in future, continues expansion in India

While not disclosing revenue numbers for previous years, the company said revenue grew nearly 200 per cent in the previous financial year

Automation Anywhere, the robotic process automation (RPA) software company, may look at a public listing as one way to raise more capital to fund growth.

Mihir Shukla, co-founder and chief executive, said while it was generating decent enough money to support expansion for now, it would evaluate options.

“We have various strategic options (for raising capital) for a firm of our size. We have a choice of going public at a time of our choice,” he elaborated. “As compared to our competition, we are growing faster and generating more cash. So, we may not have to raise capital very often.”