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ZenQ, a testing service company, has opened its third facility at the Ascendas V IT Park at Madhapur. The firm has its global headquarters here. Its other location is in New Jersey (the U.S.).
Murali Bollu, Chief Executive Officer of ZenQ, said that the company planned to treble the employee base to 1,000 from the present 300 in the next three to four years.
The 26,000-sq ft facility, which can seat 260 resources, was inaugurated by human resources training firm TalentSprint Chairman J A Chowdary here on Wednesday.
Addressing a gathering later, J A Chowdary has asked the Union and State Governments to set up a Rs 200-crore fund to help small and medium enterprises in the IT industry by providing them much needed cash flows.
“SMEs have constraints in terms of limited reserves. Their expansion is restricted due to non availability of reserve funds. The governments can extend soft loans from the fund to help them focus on expansion,” he said.
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