The Hindu Business Line : eInfochips to set up outfit in Japan

Mr Tapan Joshi, Vice-President (marketing), e-infochips, said the company was aggressively eyeing the Japanese market with its chip design and embedded systems services, and setting up a subsidiary would help the company consolidate its footprint in the geography.

"We are seeing a good traction in Japan and expect the Japanese operations to account for 20 per cent of revenues next year," he said. Meanwhile, the company proposes to set up campuses in Ahmedabad and Pune with a total investment of $4-5 million this year.

The company at present has around 500 engineers, which it plans to ramp up to around 700 by the year-end.

To fund its Japanese initiatives and set up its campuses, eInfochips plans to raise fresh funds from venture capitalists or institutional investors.

"We may raise several millions this year," Mr Joshi said, even while declining to spell out the specific numbers. "It could be in high single digit," he added.

Mr Joshi said the company, which closed 2004-05 with revenues of around $6.2 million, expects to close the current financial year with revenues close to $10.5 million — a growth of around 60 per cent.

"We have been growing at almost 60 per cent in the last three years," he said.

However, the company expects a higher growth of about 80 per cent in 2006-07 and is targeting revenues of $18 million. eInfochips is also planning to gain knowledge in mixed signal expertise and physical design services, for which it is scouting for acquisitions, Mr Joshi added.

More Stories on : Hardware | Hardware | Venture Capital

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

Stories in this Section
Survey for holistic growth plan for sector
`Slow hardware development leads to under-investment in capital'

TRAI says `end differential tariff'

Broadband is the next frontier

IT cos seek tax reliefs
MAIT wants excise anamolies removed

Banking on star power

eInfochips to set up outfit in Japan

US Technology to set up campus

HCL Tech chief wants I-T tax breaks beyond 2009
`If something works fine, you should not tamper with it'

Tessolve Services plans facility in India

Scandent bags US Govt contract

BSA initiates legal action for`piracy'