“The next milestone we have is to have $1 billion (in revenue), by 2030, that is something we can do,” said Daloz. While macro environment has delayed the goalposts by around two years from earlier 2028, the company aspires to see India, currently 5% of global revenue of about $7 billion, among the top five markets in the next five years.
At present, the United States, Germany and Japan are its three largest markets while India is still among the top ten markets.
Dassault Systemes, part of the conglomerate Dassault Group, sells software to auto makers, plane makers, and industrial firms, and works in India with firms such as Mahindra & Mahindra and L&T.
In India, it started first with the automotive sector expanding its business to aerospace and defence for the AI capabilities, Daloz said.
In India, Dassault Systemes has eight offices and two facilities in Bengaluru and Pune. This week, it expanded the Pune research & development (R&D) campus, making it the largest engineering facility by increasing the total capacity from 4,700 to 7,100 employees, comprising around one-fifth of the global 25,000 workforce.
Over the last five years, the European software maker has invested over ₹ 140 million ($162 million), with over $100 million in the last 18 months in the Pune campus emphasising India as its strategic hub for innovation and talent.
“We already have over 20% of the global workforce in India, and with the new facility, we can support up to 30% of the global workforce,” Daloz said. Optimistic on the India growth story, Daloz pointed out that if India is on the way to become the third largest economy, then it should also be its third largest market eventually.
“If you want to understand, where and how much our revenue is, and where it is coming from, you look at the worldwide GDP. It is relatively well aligned,” he explained.
He added this will be supported through India’s growing GDP supported by manufacturing, infrastructure and defence markets and talent at scale and partnerships in young entrepreneurs and startups. Daloz is on a one-week visit to India to expand the country’s operations.
He highlighted that while India and Europe always had a trade relationship, the India-European Union trade talks have definitely seen an acceleration recently from an investment standpoint. “Since my time here, I’ve seen four different French CEOs have come here. Ten years ago, I was the only one,” he said.
