The Hindu Business Line : Precision Group to invest Rs 10 cr; aims Rs 500 cr turnover

CHENNAI: Precision Group, a provider of network integration services and IT infrastructure solutions, plans to invest about Rs 10 crore to set up Remote Infrastructure Management Support System and targets a turnover of Rs 500 crore in the next five yea rs.

"In 2003-04, our group turnover stood at Rs 64 crore. For 2004-05, it is likely to cross Rs 110 crore," Director, Precision Informatic (P) Ltd, Mr V Murali, said.

"Our target is to reach Rs 500 crore turnover in the next five years," he said adding, the goal is to be the number one system integrator in the country.

"We are in the process of setting up a Remote Infrastructure Management Support System here with Rs 10 crore investment. It is expected to be ready in 3-6 months," said Director, Precision Techserve Pvt Ltd, Mr V M Muralidharan.

City-based Precision Group started its operations in 1996 as a channel partner for HCL and currently operates through two companies - Precision Techserve and Precision Informatic.

"We are a zero-debt company and bullish on our growth. The scope for our business is expanding with the increase in demand for quality partners offering total network solutions," Mr Murali said. - PTI

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