TLDR: Minfy Technologies, the recipient of the Bootstrap Champ award at the ET Startup Awards (ETSA) 2025, is making significant investments in Artificial Intelligence (AI) and talent acquisition to fuel its next phase of growth. The company plans to hire 180-200 AI engineers by the end of the current fiscal year to support its expanding portfolio of generative AI solutions across various sectors, including healthcare, retail, manufacturing, and energy. Cofounder Vivek Jain emphasized that talent acquisition is the ‘biggest war’ in the AI landscape, highlighting the high cost and importance of attracting skilled AI developers.
Hyderabad-based Minfy Technologies has been honored with the prestigious Bootstrap Champ award at the ET Startup Awards (ETSA) 2025, a testament to its remarkable growth and strategic vision without external venture capital funding. The company is now poised for its next growth phase, with a strong emphasis on Artificial Intelligence (AI) and talent development.
Minfy Technologies plans a substantial expansion of its workforce, aiming to recruit 180-200 new employees, predominantly AI engineers, by the close of the current fiscal year. This hiring drive will bolster its existing team of approximately 600 employees and support the increasing demand for its generative AI solutions. These advanced AI offerings are being deployed across critical sectors such as healthcare, retail, manufacturing, and energy.
Vivek Jain, cofounder of Minfy Technologies, articulated the company’s perspective on the competitive landscape, stating, ‘I think more than the chips and the graphics processing units (GPUs), the biggest war is on talent.’ He further elaborated on the economic realities of this talent war, noting, ‘AI developers will be extremely expensive, and it is important to attract the talent to be able to have some major wins.’ This highlights Minfy’s commitment to securing top-tier expertise to maintain its innovative edge.
Founded in 2016 by brothers Vivek and Vijay Jain, Minfy Technologies has demonstrated impressive financial growth. Its revenue surged from an initial Rs 4-5 crore in its first year to an estimated Rs 913.3 crore in the fiscal year 2024-25. The company specializes in providing clients with cloud migration, modernization, managed services, and digital transformation solutions across diverse industries, including public services, banking, and financial services.
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In a move to further solidify its operational capabilities, Minfy is establishing a new 40,000-square-feet Centre of Excellence in Hyderabad, which is expected to become operational by November. With India’s cloud market valued at an estimated $6-7 billion, Minfy’s current topline of around $100 million positions it with approximately a 1% market share, indicating significant potential for continued expansion.
