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Infogain to invest $3mn in Noida arm

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May 03, 2004 14:54 IST

IT services company Infogain will invest $3 million in developing a new facility in Noida besides adding about 260 more to its Indian workforce to touch 600 in the next 18 month months.

"We will invest $3 million in our 90,000 sq ft development facility coming up in Noida, which will house two buildings and will become operational in September," S K Nanda, chairman, Infogain India, told PTI while adding that the company has two development centres in Noida at present.

We will also take our current headcount to 600 from the current 340 over the next one-and-a-half years and these professionals will be deployed in business intelligence, application management, CRM, PCRM and professional engineering services, Nanda said.

Infogain India, which is the India development centre of its US-based parent -- Infogain is looking to be a 1000-workforce company over the next two to three years, he added.

After Noida, Infogain is also looking at setting up development centres in South India and places like Pune. But that would be at a later date, he said.

The India development centre of Infogain is eyeing a revenue of $25 million next year up from $12 million at present.

Overall with its development centres in the UK and US, the current strength of Infogain is 550.

Last year, Infogain acquired two BPO companies -- one each in India and the US, which also includes one with a 100-seat capacity in Gurgaon.
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