Financial Daily from THE HINDU group of publications
Friday, Mar 22, 2002
Financial Daily from THE HINDU group of publications Friday, Mar 22, 2002 |
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Info-Tech
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Software Corporate - Outlook Datacon sets growth target of Rs 100 cr Our Bureau
BANGALORE, March 21 THE Bangalore-based Datacons Pvt Ltd, a software products and services company, has set an aggressive growth target of Rs 100 crore over the next three years. The company, expected to end the current fiscal with a revenue of little over Rs 18 crore, has chalked out a three-year growth plan which includes expanding its overseas operations and extending its portfolio of products and services, said Mr Shyam Ramadhyani, Chairman, Datacons. Datacons planned to invest about $4 million in expanding its operations over the next few years, he added. Mr M.S. Chandrashekar, CEO, Datacons, said the company had recently set up its own sales and marketing team and was planning to strengthen it further. It was planning to take its product dealership management product — AutoDeal to the US with the help of Ocentrix, he added. The company had entered into branded product support service and was handling the technical support services for i-flex solutions for its banking product, Microbanker. It was also planning to extend the scope of this branded support service and was in talks with the US-based Blue Print to handle its remote management services, Mr Chandrashekar said. Datacons has a sizeable domestic presence and has some 37 installations for its flagship asset management product MFUND. Datacons, which presently has a workforce of 225 engineers, plans to increase its headcount significantly over the next three years to about 700. It was also scouting for a partner to take its products to the overseas market, he added. "The products business accounts for nearly 36 per cent of the company's revenues at present, which is expected to go down to 25 per cent next year as the company plans to aggressively pursue its services business," Mr Chandrashekar said.
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