Infotech to recruit 800

Infotech Enterprises, that provides digitizing services, software development and consultancy services, expects verticals like power and telecom to contribute close to 25 per cent to its overall turnover.

At present, power and telecom verticals contribute close to 15 per cent to the company's turnover. The company's biggest business currently comes from the services it provides for the aerospace sector which makes up for about 30 per cent of its overall turnover.

The company employs 6,200 people at present, and plans to recruit 800 more by March 2008. Infotech, at present, has campuses in Hyderabad, Bangalore and Noida. It recently forayed into tier I and II cities with offices in Vizag and Kakinada.

"Real estate prices as well as attrition rates in tier I and II cities are half as compared to metropolitan cities," informed BVR Mohan Reddy, chairman and managing director of Infotech Enterprises. At present, Infotech Enterprises has an attrition rate of 12.5 per cent.

According to Reddy, emerging technologies are diverting customer interests towards new services beyond traditional voice telephony.

With high-speed voice, data and video services offered by cable companies, satellite carriers, wireless broadband providers, cellular firms and new fiber-based carriers, there is significant competition in the telecom market space.

"This, in turn, will drive demand for Infotech's solutions and services business in the telecom space," Reddy said.

Growth in business for Infotech will also come from the power and energy vertical.

World energy demand is expected to grow at 1.7 per cent per annum till 2030. Oil and gas would meet almost 90 per cent of energy needs.

As energy companies make significant investment in engineering services and IT to reduce cost and create new revenue streams, demand for services for gas, steam, wind turbines and diesel engines are going to contribute the maximum to Infotech's business growth.

According to Reddy, the aerospace industry is one of the fastest growing industries in the world and Infotech provides solutions to its customers enabling them overcome various challenges that they encounter in their day-to-day operations.

The aerospace industry is also looking to build a business model that can easily scale up and down in response to the dynamic and cyclic nature of demand.

Global product development is a key element of such a flexible, scalable model that offers benefits such as increased speed to market, lower costs and enhanced flexibility.

"We have completed over five million person hours on aerospace projects and have gained extensive domain knowledge in aerospace engineering," said Reddy.