Mumbai-based L&T Infotech, a part of the Larsen &Toubro group, is evaluating acquisitions of $50-200 million (close to Rs 200-820 crore) in the US, Europe and India in a bid to boost revenues.
The company also plans to spend Rs 500-600 crore over three to four years to expand its Bangalore, Chennai and Mumbai centres. It also plans to increase its headcount to 20,000 by the end of 2010 from the current 7,200. To accommodate this growth, the company today inaugurated a 1,900-seat software development centre at Mhape in Navi Mumbai.
The focus of the company would be to grow its five verticals — manufacturing, BFSI, product engineering services and energy. Currently, BFSI and energy contribute 30 per cent each to its revenues, and manufacturing 20-25 per cent.
(Source: Business Standard)
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment