BANGALORE: The e-business transformation company, vMoksha, is expecting to be 1000 employee strong by the end of next fiscal from its present 350. "It is the next milestone for the company after achieving the milestones such as acquiring the first million dollar project, touching 100 employees, clocking $10 million in revenues and bagging the first $10 million project," said the company’s Chairman and CEO, Pawan Kumar. The company hopes all these achievements elevate it to the top 30 league of companies in the country.

Started in May, 2001 , the company focuses on e-business, e-infrastructure and offshore outsourcing services. Hence it is strengthening its domain knowledge in web services, in both the J2EE and .Net framework. vMoksha is also the development partners for Peoplesoft and hence the company is in the process of recruiting professionals trained/experienced in Peoplesoft.

Banking Financial Services and Insurance (BFSI), retail distributions and logistics and healthcare are the verticals that the company targets. So the company is looking for professionals with experience and expertise in web services, Peoplesoft Technical professionals, SAP Professionals and Quality professionals.

From being a $10 million-funded company, the company is looking at acquisition mode as part of its inorganic growth. Early this year vMoksha acquired two US companies and would end this fiscal with acquisition of two more, one in the US and the other in South Asia. "The first priority for acquisition is clients and business augmentation followed by integration of the company with vMoksha and finally an attractive valuation. If these fall in place then an acquisition is inevitable and the employees and infrastructure that these companies bring is supplemental to vMoksha," added Kumar.

The integration of the earlier acquired companies has fallen into place except for the legal integration, which is expected to be complete by next month. The company is planning to expand its operations in other geographies apart from its presence in the West Coast of UK, Singapore Hong Kong and US. It has definitive plans to set up presence in the East Coast of the US, Belgium, Germany or France, Australia and Japan.

The company expects to end the financial year with a revenue of $18 million and plans to clock $100 million in revenues during financial year 2005-06. The company also expects to break-even in operations and revenue by the end of this year.