 "MOURI Tech to invest Rs 200 crore for acquisitions, expand operations")
MOURI Tech, a US-based business solutions and technology services provider, is planning to invest Rs 200 crore to expand its operations in India and go in for acquisitions over the next three years, according to its chief technology officer Srini Sandaka.
"We intend to add 1,000 professionals to our workforce. Being a zero-debt company with solid infrastructure and focus on technology, we are well-placed to invest in the right companies, as well as acquire companies that support our vision and share similar values," he said.
Announcing the company’s 20,000 sq ft development centre, its second such facility in Hyderabad, MOURI Tech’s global chief executive officer, Anil Yerramreddy, said the company was scheduled to open its next office of 80,000 sq ft in Visakhapatnam in the first quarter of 2016 to support its rapid business growth, he added.
MOURI Tech, which has invested Rs 90 crore in India since the last five years, currently operates out of its 50,000 sq ft office in Hyderabad. It plans to set up another centre of 50,000 sq ft in the city next year. At present, MOURI employs 800 associates globally, with over 500 of them located in Hyderabad.
The new offices will house MOURI's centre of innovation and centre of digital excellence and are expected to contribute to its growth and global delivery model concept, Yerramreddy said.