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PUNE, Feb. 3

THE Pune-based Zensar Technologies has bagged two contracts, one from Cisco, Australia, and the other from Fujitsu, Japan, for setting up offshore development centres (ODC) in Pune.

Mr Ganesh Natarajan, Deputy Chairman and Managing Director, Zensar, told Business Line, that these two divisions were expected to contribute $2 million each per year over a three-year period. He said the company was also looking at the setting up of three more ODCs in Pune, to complete the target of six ODCs earmarked for the current fiscal.

The Cisco ODC would be looking at development and maintenance and migration of existing applications and would be catering to the markets of the Asia-Pacific region. The Fujitsu division would be looking at product development, system software for test and measurement equipment and would be based on the Fujitsu proprietary platform.

Looking at the Asian scenario, Mr Aamod Wagh, Vice-President for Australasia, China and West Asia, noted that the Asian business had grown by nearly 50 per cent during the first nine months of the current fiscal. The company had a total business of Rs 15 crore during the last fiscal and would be closing this year with a total business of Rs 28 crore. The company was estimating a 100-per cent growth during the next financial year, he added.

On the financials, Mr Natarajan said the company had reported consolidated global profits of Rs 12.6 crore on net sales of Rs 138.7 crore for the nine-month period ended December 31, 2001. He said the company would be closing the current fiscal with a net profit of Rs 18 crore. He said the US operations had accounted for 51 per cent of the revenues, while Europe accounted for 29 per cent with rest of the world contributing 20 per cent. He said the company had reduced its dependence on its top customer Cisco, which now accounted for less than 15 per cent of its revenues.

Mr Natarajan said the company was setting up a Chinese learning centre in Pune. The centre would presently cater to about 10 personnel, which would be increased to 50 at a later stage. It may be recalled that the company had signed a joint venture with Han International Consulting Company Ltd, a subsidiary of Asia Logistics Technologies Ltd during November 2001. The centre would be an extension of the joint venture and added that an investment of Rs 15 crore and three more new buildings had been earmarked for the centre.

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