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V.Rishi Kumar

Hyderabad, April 11 ICSA (India) Ltd, technology-driven energy audit management solutions provider, is set to step up its export business from 9 per cent now to about 15 per cent this fiscal and is also looking at some overseas buyouts.

The Chairman and Managing Director of ICSA (India), Mr G. Bala Reddy, said the company is eyeing exports in Africa, West Asia and Latin America with its energy audit related technology products and solutions.

Speaking to Business Line, Mr Reddy said “the company exports constitute about 8-9 per cent of overall revenues and we are looking at stepping this up to 15 per cent.”

Apart from focus on power sector, the company wants to tap the rapidly growing oil and gas and water distribution market. The requirement in these sectors across markets is quite similar and a lot of investments are now under way, he said.

“We squarely fit into this business with a wide range of products that are backed by embedded technologies. These make monitoring swift and easy from a single point interface through radio frequency systems that can be monitored through telecom networks,” he said.

“Some of the overseas markets we plan to cater to are difficult to work directly. Therefore, we will either partner with a local firm for marketing or acquire couple of companies. We are in the process of finalising plans,” he said.

The company, with revenue run rate of Rs 600 crore during fiscal 2007-08, has had investments from Goldman Sachs ($46 million), and recently from the Singapore Government arm.

More Stories on : Mergers & Acquisitions | Software | Exports & Imports

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