The company has also entered into a strategic partnership with European offshoring company Transcom WorldWide SA to offer services in 40 languages.

"We are aiming to increase the headcount to 10,000 by 2007 and to 20,000 by 2009. The company is also planning to set up several centres in secondary cities including Pune, Coimbatore, Mysore and Mangalore", M Susir Kumar, Intelenet chief executive officer said.

Kumar said the company has set a target of reaching Rs 1,000 crore (Rs 10 billion) revenue by 2009 against current Rs 250 crore (Rs 2.5 billion) and expects to maintain a growth rate of 50 per cent against the industry average of 42 per cent, he said.

"Intelenet is looking at exploring organic and inorganic growth. We are actively looking at opportunities to acquire 300-700 seater capacity offshoring companies having unique proposition in Asia and US," he said.

Susir said it has entered into a strategic and open-end partnership with customer relationship management specialist Transcom to offer service in 40 languages and to jointly work with international clients.

"This partnership will enable Intelenet to gain access to additional international companies seeking European outsourced solutions and at the same time enable Transcom to offer worldwide solution to a broader range of clients and prospects," he said.

Intelenet and Transcom would deliver to common clients through their respective centres and such an alliance was already working towards servicing six prospects in the European market, Susir said.

"Rather than revenue sharing arrangement, this alliance is a capability sharing agreement. This will help Intelenet's clients requiring a European solution," he said.

Transcom would not be setting up its office in India while Intelenet would also not go for office in European locations, Susir added.