Financial Daily from THE HINDU group of publications
Friday, Jun 03, 2005

News
Features
Stocks
Port Info
Archives
Google

Group Sites

Info-Tech - Software


i-flex to focus on BRIC

Our Bureau

Kolkata , June 2

HAVING established its footprint in the banking industry globally, i-flex Solutions Ltd, stated to be the world's largest core banking product vendor, has identified the BRIC (Brazil, Russia, India and China) geographies as major thrust areas.

The company has also firmed up plans to double the headcount at its centres of excellence in Mumbai and Pune from 2,500 at present to 5,000 within the next one-and-a-half years.

Stating this at a news conference here today, Mr Deepak Ghaisas, Chief Executive Officer (India Operations) and Chief Financial Officer of i-flex solutions, said that, while markets in Europe, Japan and Korea would continue to be money spinners for the company, Brazil, Russia, India and China would be regions where the company would focus in the months ahead.

Mr Ghaisas said i-flex already has a branch in Russia and a representative office in China. With a deal already struck in Brazil, the company was open to the idea of opening a representative office in that country with increase in business volumes.

According to him, i-flex currently has about 540 customers across the globe. Barely 4 per cent of the company's turnover last year was accounted for by its Indian operations. i-flex's clients in India comprise 13 banks, mostly those in the private sector.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page


Stories in this Section
A network to access digital libraries


Samsung mobile with FM facility
NeST Group to set up VLSI design centre
34 pc growth in software, services exports
i-flex to focus on BRIC
Seth Services tool for Hutch
Bose Corp plans to hike headcount at Bangalore unit
Goldstone Tech completes Stay Top buy
TRAI sets higher tariff for managed leased lines — But BSNL, ISPs not satisfied
Yellow alert on Mytob worm
`BSNL should cut Net access charges further'
Hathway Cable adds Mysore
`Domestic IT spend may touch $6 b this fiscal'


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line