Aptech Ltd is planning takeovers in the field of IT education. "We will typically take over companies that have content development capability and a medium-to-large distribution channel overseas," Pramod Khera, CEO and managing director, said. |
Khera was in town to felicitate students at a convocation ceremony. "We are talking to four such companies and are weighing the pros and cons," he added. |
Sources close to the development said Aptech will probably end up acquiring two of these. The CEO, however, declined to name the companies. |
In a parallel development, the company is looking at higher overseas revenues. In calendar 2003, the fiscal for Aptech, the company saw 30 per cent of its income from overseas locations. |
"We will like to see this number increase to 50 per cent by 2006," the CEO explained. |
The company is also eyeing overseas government business and is in talks with government departments in west Asia, Latin American countries like Columbia, and South Africa. |