Zensar Tech plans two centres
Date: 15/07/2010 | Reuters
Mumbai: Software services provider Zensar Technologies Ltd(ZENT.BO) plans to invest 50 million rupees in FY11, mainly to set up two development centres, a top official said on Thursday.
"We are setting up a 300-seat centre within SEZ (special economic zone) in Hyderabad, which will start in September," Vice Chairman and Managing Director Ganesh Natarajan told Reuters over the telephone.
The firm, which already has development centres in Hyderabad and Pune, also plans a 100-seater centre in Shanghai which would be operational by September, he said.
The Shanghai centre will help further the company's global plans, and provide support to U.S. customers' manufacturing needs in China. It will focus primarily on manufacturing and government verticals.
It also plans to open an office in Saudi Arabia, following an increase in focus on enterprise business in the Middle-East.
"Under our overall recruitment plans for this year (FY11), because there is a lot of projects ramping up, we need to around 750-800 people," he said, adding the company has been getting projects at "higher rates."
The company is chasing over 3-4 deals worth over $10 million, while there are at least 40-50 "prospects" in the pipeline, he said.
Zensar added 109 employees in April-June, taking its total headcount to 5,342, it said in a statement.
The IT firm expects an attrition of around 15-18 percent in this fiscal, compared to under 7 percent last year.
"Last year (FY10) was an exceptional year, while the previous year the attrition was at 18 percent (FY09), and we expect to contain it at that (FY09) levels," Natarajan said.
For April-June, the company got good business from all its three major territories - South Africa, U.S. and U.K - while the company has a limited exposure to continental Europe.
Earlier in the day, Zensar reported a 9 percent rise in net profit at 324.8 million rupees for April-June.
About Zensar Technologies (http://www.zensar.com/)
Zensar Technologies is among the top 25 software services providers from India. Zensar is the world's first enterprise-wide SEI CMM Level 5 Company and was also later certified as a CMMI Level 5 Company with industry expertise that spans Retail, Manufacturing, Banking, Insurance and Utilities. Zensar has more than 5000 employees with sales and operations presence across US, UK, Germany, Sweden, Finland, Middle East, South Africa, Singapore, Australia and Japan. The Company delivers comprehensive services in mission-critical applications, enterprise applications, e-business, BPO and Knowledge Services. The Company has developed tools and methodologies, including the proprietary Solution BluePrint (SBP), which enables its clients with innovative business solutions and a rapid ‘go-to-market’ capability. The Company supports Fortune 500 clients with software business solutions that help them compete in the digital economy.
For further information, please contact:
Parul Vaidya
Market Innovation
Zensar Technologies
+91-20-66057852/ +91-9822684686
p.vaidya@zensar.com
