The Hindu Business Line : Elixir starts delivery centre in Pune

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Pune Feb. 2 Elixir Web Solutions, the recruitment process outsourcing (RPO) company, has started its RPO delivery centre here. Talking to Business Line, Mr Mohit Sareen, Partner, Elixir, said an investment of Rs 4 crore has been utilised for the Pune centre which has a 60-seater capacity.

Currently, there are 45 personnel on its rolls and the company would ramp it up to 120 by March 2008. The Pune centre would also house a knowledge management centre by the end of 2008, which is a part of the Rs 60-crore project, Mr Mohit said.

He said the company would target the verticals of IT, ITeS and manufacturing. The company has received Rs 150 crore as angel funding, which would be deployed for its expansion plans as also for its acquisition in the US.

Elixir was in talks for acquisition of a mid-sized New York-based software development company, which has about 50 clients and is into development of mobile applications, he said, and noted that the company would be acquired by August.

Eyeing Japan market

He explained that the company has channel partners in the US and the UK and was now exploring the Japanese market for channel partners. It is also talking to Volts Information Services, a US-based staffing company, for channel partners and that it was in talks for complete process offshoring.

The company had registered a turnover of Rs 20 crore for the year ended March 2006 and was targeting Rs 35 crore as turnover for the current fiscal, he said. The company estimates a turnover of Rs 12 crore from the Pune centre by 2007-08, he added.

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