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Financial Daily from THE HINDU group of publications Friday, January 05, 2001 |
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Globsyn plans software services for telecom
Ambar Singh Roy
KOLKATA, Jan. 4
HAVING made its mark in high-end software education, IT-enabled services' applications and creation of an appropriate IT infrastructure to facilitate the same, the Globsyn Group plans to shortly diversify into software services aimed at facilitating mobi
le telephony.
Towards this end, the group company, Globsyn Technologies, is setting up a software R&D centre in Gurgaon near New Delhi at an estimated cost of Rs 6.5 crore.
The centre will be focused on developing generic enterprise application interface software that can be customised to meet the specific needs of customers, Dr Bikram Dasgupta, Chairman & CEO of Globsyn Group, told Business Line.
According to him, the idea was to focus on developing software for mobile telephony and applications that would facilitate communications between mobile telephones and PCs.
An enterprise application software was already being developed for a US company. To scale-up operations, the company is scouting for ``technology architects'' for its R&D centre.
The R&D centre at Gurgaon would enable Globsyn to leverage on the ``scalability of operations and easier availability of managerial and technical talent in and around New Delhi.''
``Kolkata is very good for back-end operations but not many people from outside are willing to make it a destination to meet their career aspirations.''
Having invested nearly Rs 80 crore in various ventures in the city -- including Rs 66 crore in the Infinity project -- the company feels it is necessary to move beyond for sustained growth and successfully seizing market opportunities.
A presence in New Delhi would auger well for Globsyn's initiatives in the US, the UK and even Dubai.
Already, it has one subsidiary and two offices in the US. It has an office in London and marketing partners in Dubai.
Plans were being firmed up to set up operations in Singapore with a view to servicing the Asia-Pacific market. While operations in the US and UK would comprise software services, in the Middle East and Asia-Pacific, the focus would be education.
Talks are underway to set up a subsidiary in the UK, too. This could be either as a joint venture or by acquiring an existing company. Setting up a start-up is among the options the company was looking at.
Besides telecom applications, Globsyn will continue to focus on e-services and Web applications. It is open to the idea of getting into the arena of high-value, embedded software, but at a later stage.
From a turnover of Rs 6.67 crore recorded in 1998-99, Globsyn Technologies notched a turnover of Rs 18.48 crore during the 15-month period from April 1999 to June 2000.
It has targeted a turnover of Rs 35 crore for the accounting year to June 30, 2001.
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