Business Daily from THE HINDU group of publications
Monday, Oct 30, 2006
ePaper


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Home Page - Software
Info-Tech - Infrastructure
Hexaware to set up centres in 3 SEZs

Our Bureau

Land acquired in Pune, Mumbai; Chennai campus work under way


Tech drive
Investment in each of these centres will be around Rs 200 crore, and they will have capacity to house around 11,000 employees.

Chennai , Oct. 29

Hexaware Technologies Ltd is setting up three campuses (all special economic zones) in Chennai, Pune and Mumbai. Investment in each of these centres will be around Rs 200 crore, and they will have capacity to house around 11,000 employees, according to Mr Atul Nishar, Founder and Chairman, Hexaware.

Speaking to newspersons on the sidelines of the company's Tech Summit 2006, Mr Nishar said the first phase of the Chennai campus at Siruseri on the Old Mahabalipuram Road (IT corridor) would be ready by July.

The company acquired around 25 acres of land in the Hinjewadi IT Park (SEZ), Pune, to set up its next campus and recently acquired 14 acres of land in Airoli in Navi Mumbai, he said.

According to Mr Nishar, the physical infrastructure expansion would help the company achieve the "vision of $1 billion in revenue and become a large, tier I IT player. I cannot give you a timeframe," he said. For the current fiscal, the company was likely to post revenues of $185 million (around Rs 800 crore), he said.

Hexaware manages large IT applications in real time and provides services on packaged enterprise applications such as SAP and PeopleSoft.

Its clients include 40 Fortune 500 companies in sectors such as banking, financial services, insurance, leasing, transportation and human resources.

Innovation labs

Hexaware is setting up innovation labs in Chennai and Pune to identify possible problems that customers would face, and provide suggestions, according to Mr P.K. Sridharan, Executive Director and President, India operations, Hexaware.

Global expansion

Mr Nishar said the company plans to set up centres in Mexico, China and East Europe. The Mexico centre would be set up in a short time, while the East European centre would come up in mid-2007 and the China centre in 18 months.

More Stories on : Software | Infrastructure

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



Hiring

Stories in this Section
Rain belt moves north, may linger


Ethanol supply: Oil cos to start price talks this week
Gadgets galore in BangaloreIT.in
Making the NW-3 navigable
Insurance cos to be allowed to invest in SEZs
Very few MFs keen on overseas markets
Stories of India's steel industry
Hexaware to set up centres in 3 SEZs
Sensex may top 13K level
Spanco-BSNL may bag Rlys call centre deal
Reliance's retail initiative takes off
More surfing the Net from homes



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

Copyright 2006, 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