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Hyderabad, Aug 2

INNOSOFT Technologies Ltd - a Hyderabad-based plastic products manufacturing and IT services provider - has announced its move to diversify into infrastructure development and power-related services.

The Chairman and Managing Director of Innosoft, Mr Prasad Garapati, said the company has forayed into power infrastructure given the massive investments in the sector.

Addressing a press conference here today, Mr Prasad said: "The company software services division was not doing well and the foray into infrastructure was a logical step. The company may consider change of name as well."

(This article was published in the Business Line print edition dated August 3, 2005)
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