Ninestars to have 14 centers worldwide

By : |September 29, 2007 0

BANGALORE, INDIA: Even as plans are afoot to introduce new services in India, content transformation company Ninestars Information Technologies Limited is also looking to bolster its global delivery model by opening 14 centers throughout the world in the upcoming years.

Elaborating on the growth strategy, Pradeep Nevatia, president and CEO of Ninestars, said that the company wants to have a creative global distribution model.

"We will also hire local people in these 14 centers,’’said Nevatia.

As a first step Ninestar would set up an office in Michigan by December this year. The company is planning to make the Michigan facility act as a sales office and carry out US-based global delivery services.

The eArchival technology and services company has earmarked an investment of Rs. 60 crore for the next 18 months.

"We are going to invest on R&D and developing our global delivery model,’’ Nevatia told CyberMedia News.

He also hinted that the company might also look to raise funds through private equity to accomplish its growth plans. The eight-year-old company is self-funded.

Ninestars is all set to launch its contextual advertisement service on the print platform next month. The company is also in talks with various traffic police departments to deploy its security services.

Ninestars is currently working on the service to make traffic management online and interactive.

Ninestars had recently launched its iBPO service, a practice that the company said is a combination of IT and BPO.

Nevatia also said that the company is looking to double its revenue this year. Its revenue closed at $10 million last year. It is planning to increase its headcount to 3500 by March 2008. The total workforce currently stands at 1100.

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