MiHCM eyes US$ 5 mn ARR; sets transformational AI-powered future with MIA and Syntra AI

Digital HR solutions provider MiHCM announced this week its ambitious plan to cross the US$ 5 million Annual Recurring Revenue (ARR) mark within the next 12 to 18 months.

- By NISHEL FERNANDO

At its flagship event, MiHCM Connect 2025 held in Colombo, CEO Harsha Purasinghe also unveiled a “transformational journey” with the planned launch of two new flagship AI platforms, MIA and Syntra AI, slated for January 2026.

ThenewAIproducts, which Purasinghe described as a “gigantic step forward” and potentially “Asia’s first” in an HR tech platform, are set to redefine the company’s product landscape. The new offerings were formally introduced by Tharuka Jayaratnam, MiHCM’s Specialist-Product Marketing, and are designed to evolve the company’s extensive work in Al-powered HR copilots and automation.

The US$ 5 million target is built on a foundation of rapid expansion since the company launched its cloud-native HR product in 2017.