Financial Daily from THE HINDU group of publications
Wednesday, Jun 22, 2005
Financial Daily from THE HINDU group of publications Wednesday, Jun 22, 2005 |
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Info-Tech
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Outsourcing Tata Industries unit e2e eyes overseas business Our Bureau
Hyderabad , June 21 THE Tata Industries-promoted Business Process Outsourcing enterprise, e2e Service Solutions, is on an overdrive. It has grown from a 300-member team to 4,000 plus in less than eight months clocking revenues of Rs 500 crore. The company, a closely held services provider for some Tata group companies, plans to expand its operations adding about 4,000 people with an investment outlay of Rs 250 crore. It is now looking at serving overseas clients and expanding its service offerings into tech support. The Managing Director of Tata Industries Ltd, Mr Kishor A. Chaukar, said, "From a humble beginning of serving some of the group companies such as Tata Teleservices, Idea, and VSNL, e2e is witness to a rapid growth. Having invested about Rs 78-80 crore thus far, we are now on a swift expansion." "All the three centres — Hyderabad, Pune and Mohali — are growing simultaneously. However, Hyderabad is emerging as the fastest in terms of growth with about 2,500 people in two locations, 1,100 people in Pune and about 600 people in Mohali. This is a people-intensive business and not investment driven. However, the focus is on expanding the services from telecom to banking, insurance and travel services. We are in the process of finalising deals with a UK-based company and are in talks with some European clients," Mr Chaukar said.
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