Markets

Trimax to raise Rs 250-cr via IPO this year

PTI Mumbai | Updated on January 23, 2011 Published on January 04, 2011

Mr Siddartha Behura, IAS, Chairman, Telecom Commission and Secretary, Telecom Government of India(centre), Mr S K Chattargee, CMD, ITI (left) greeting to Mr Surya Prakash Mandrecha, Chairman, Trimax at a press conference to announce the inauguration of Data center- ITI Limited in Bangalore on Tuesday. Pic G R N SOMASHEKAR   -  The Hindu Business Line

The Mumbai—based company, which operates in three verticals —— System Integration, Data centre services, and IT Infrastructure Management, would be using the proceeds for the firm’s domestic as well as overseas expansion, mainly, in Africa.

The company hopes to file the draft red herring prospectus (DRHP) with the market regulator Sebi over the next six months.

“We are planning to come out with an IPO during this year itself and look at mobilising around Rs 250—crore. We will file the DRHP in the next six months,” Trimax’s Director Sudhanshu Tewari told PTI here.

The Mumbai—based company, which operates in three verticals —— System Integration, Data centre services, and IT Infrastructure Management, would be using the proceeds for the firm’s domestic as well as overseas expansion, mainly, in Africa, he said.

Trimax also plans to add 1,000-1,200 qualified technical professionals to its present workforce of 2,000-odd employees over the next one year, Mr Tewari added.

Trimax is a partner to Bharat Sanchar Nigam Ltd (BSNL) and offers Managed Network Services (MNS) from its Certified Network Operations Centre (NOC) running in Mumbai and Bangalore.

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Published on January 04, 2011
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