Dassault eyes $1 billion India revenue via new Pune unit, headcount boost

Core Insights - Dassault Systemes aims to achieve $1 billion in revenue by 2030, with a delay from the original target of 2028 due to macroeconomic factors [1][7] - Currently, India contributes 5% to the company's global revenue of approximately $7 billion, and the company aspires to position India among the top five markets within the next five years [1][7] - The company has identified the United States, Germany, and Japan as its largest markets, while India remains in the top ten [1][7] Company Operations - Dassault Systemes has expanded its presence in India, starting with the automotive sector and now extending to aerospace and defense, leveraging AI capabilities [2][7] - The company operates eight offices and two facilities in Bengaluru and Pune, with the recent expansion of the Pune R&D campus increasing capacity from 4,700 to 7,100 employees, representing about 20% of its global workforce of 25,000 [3][7] - Over the past five years, Dassault Systemes has invested over ₹140 million ($162 million) in India, with more than $100 million allocated to the Pune campus in the last 18 months [4][7] Strategic Focus - The company views India as a strategic hub for innovation and talent, supported by the country's growing GDP, particularly in manufacturing, infrastructure, and defense markets [5][8] - Partnerships with young entrepreneurs and startups are also a focus area for the company to enhance its operations in India [5][8] - The acceleration of India-European Union trade talks is seen as a positive development for investment opportunities, with an increase in French CEOs visiting India over the past decade [6][8]