/ciol/media/agency_attachments/c0E28gS06GM3VmrXNw5G.png)
Follow UsNEW DELHI: Having completed a successful IPO and acquired US based WebConverse, R Systems International Ltd, provider of outsourced product development and customer support services, is now planning to up its India headcount to 2000+ by the end of 2007.
The company currently employs around 1,350 people in its three centers in Noida, Chennai and Pune.
Having had a good second quarter ended June 30, 2006, the company is targeting revenues of Rs 200 crore and EBT of around Rs 22 crore this financial year.
R Systems CMD Rekhi Singh said, “In the quarter ended June 30, 2006, we grew about 27 percent YoY and our profit grew by about 98 per cent YoY. It has been a good quarter for us and that is because of the validation of the business that we are in i.e. outsourced product development.”
R Systems recently acquired US based WebConverse, which is in tech support and specializes in mobility applications, for $10.7 million. Going forward, the company plans to acquire companies, which fit into its marketing and geographical strategies.
Commenting on the same, Singh said, “We would like to acquire companies in basically two areas. One that fits into our integrated product lifecycle management (iPLM) business. We could be looking at an acquisition in market places like Europe, Japan and the Asian marketplace – Singapore, Malaysia.”
In India the company’s current focus is on expanding capacity in its three centers. “We had raised money for capacity expansion and are growing our Noida, Chennai and Pune centers. In the next two years we may just expand what we have and then maybe look at Mohali or Chandigarh, but right now we are expanding our three centers,” said Singh.
The company expects major growth to come from outsourced product development. Singh said, “We operate in four major segments – banking and finance, hi-tech – music management software, online music, supply chain and managed manufacturing and public sector undertakings. And recently we added healthcare in the segments we work on. All of the sectors are growing. I expect major growth to come from product outsourcing.”
© CyberMedia News