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Chennai, Feb. 18 UK-based MLS Group, a business centre operator, intends to invest Rs 25 crore over the next two years, developing at least one business centre each quarter.

The company recently completed developing about 30,000 sq.ft. of business space (at a cost of Rs 4.5 crore) in Chennai through its subsidiary MLS Business Centres India Private Ltd.

"We are looking at developing one more business centre in Chennai (about 15,000 sq.ft.) besides centres in tier-II and tier-III cities," said Mr S. Sridhar, Managing Director, MLS India. Coimbatore, Mysore, Hyderabad and Pune are some target cities likely to see a 15,000 sq.ft. business centre each.

The Group creates `plug and play' offices that include all physical and IT infrastructure (hardware and software), security, electricity, lighting, furniture and telephone access besides virtual office services. These offices conform to certain standards set by the company and can be customised depending on client requirements.

According to Mr Sridhar there is demand for business centres among small and medium industries in India.

MLS India develops up to 250-seat offices and sources most of its infrastructure requirements locally. The centres are leased out to clients.

There is already demand from companies like AT&T Global Networks, Home Depot (US- based retailing chain) and Kuehne & Nagel to occupy space," he said. Reuters, BI Worldwide, Corporater and Solectron are some of the companies presently occupying space at the business centre.

The MLS Group set up its captive data centre in Chennai about a year ago and is now planning to move a majority of its administrative functions here. As of now, the centre handles data related to CAD drawings and some HR related functions like recording employee leave and part time work schedules, said Mr Paul Barrington Williams, Founder and Chief Executive Officer, MLS Group. In a month, the Group's accounting functions would also be moved to the centre, he said. "In the long term we also plan to offer the data centre services as an off-shore unit to our clients," he said.

More Stories on : Outlook | Real Estate & Construction | Tamil Nadu

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