IT solutions provider Trimax IT Infrastructure and Services (Trimax) plans to raise around Rs 250 crore through an initial public offering (IPO) this year, a top company official said.
The company hopes to file the draft red herring prospectus (DRHP) with market regulator Sebi over the next 6 months, the company said.
"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, Tewari added.
Trimax is a partner to Bharat Sanchar Nigam Limited (BSNL) and offers Managed Network Services (MNS) from its Certified Network Operations Centre (NOC) running in Mumbai and Bangalore.
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It serves its customers from more than 600 of its locations across India and aims to be the preferred technology integration, management and solution company for its global customers.
On the company's revenue target, Tewari said Trimax was eyeing a 52 per cent increase in its turnover in FY'11 on the back of increasing growth in the system integration, managed IT infrastructure and data centre business.
"We are aiming at a 52 per cent increase in the revenues at Rs 535-crore in the current fiscal," he said.
Trimax posted revenue of Rs 350-crore last fiscal.
Besides, the company also plans to set up a state-of-the- art data center in collaboration with ITI on 120,000-square feet of area at Bangalore. Also, according to Tewari, Timex has bagged a small project of Rs 10-crore in Singapore to build a data centre there.