New Delhi, May 3 -- Noida, Uttar Pradesh-headquartered mid-cap IT services firm, Coforge Ltd, has a long-term target to be among the top five of India's $254-billion tech outsourcing industry. To do this, the company will look to ramp-up its latest acquisition of artificial intelligence (AI) and tech services firm, Cigniti Ltd-and could also pursue further acquisitions going forward. In the process, reaching an annualized revenue of $4 billion within the next four fiscals is possible, chief executive Sudhir Singh told Mint.

"A revenue of $2 billion is less than three years away. A growth of 18% means that we'll double our revenue in four years," he said. Even organically, growing at a rate similar to the one in the past seven years, shou...