The Hindu Business Line : Smart Analyst to expand in India

Global research and analytics company Smart Analyst India Private Ltd has aggressive expansion plans for India. Besides increasing manpower and doubling space at its Gurgaon research centre, near New Delhi, the company is also evaluating options to set up a second research centre in Chennai.

"We have booked about 20,000 sq ft space in Gurgaon for our expansion," said Ms Ritu Kishwar, Vice-President-Research and Country Manager, Smart Analyst India Pvt Ltd. Post expansion, the company would occupy about 40,000 sq ft.

Venture Capital

The expansion will be funded through a portion of a venture capital investment of about $4 million by the US based investors Edison Venture Fund and Milestone Venture Partners, said Ms Kishwar. Rest of the venture capital fund would be utilised to expand the company's sales and marketing offices in New York and London.

The company plans to hire about 800 people over the next five years. "We expect to hire about 150 people this year," said Ms Kishwar. At present the Gurgaon Centre has about 100 employees. The company is looking at hiring talent from Chennai. It is looking at MBA graduates besides under graduates with a back ground in engineering or life sciences, according to Ms Kishwar.

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