ICICI Infotech, one of the leading provider of end-to-end IT solutions and a wholly owned subsidiary of ICICI, expects to clock a turnover of Rs 260 crore for the financial year 2001-02 on the back of high growth in the demand for enterprise solution (ES) products.
"The enterprise solutions market has been growing at a rate of 20-30 per cent over the last 5-6 years and is estimated to grow from the current Rs 460 crore to be a Rs 650 crore market by the end of the financial year 2003," said Manmohan Singh, executive vice-president, ICICI Infotech, on the occasion of announcing the launch of 'Orion' suite of enterprise solutions.
Orion is designed and developed to meet the requirements of diverse industry verticles such as fast moving consumer goods, trading, retail/distribution, manufacturing, import/export, oil & gas etc. It addresses the critical business needs of a multi-company, multi-division/profit centres type of organisations.
With the launch of Orion in the domestic market, the company is largely targeting the small and medium enterprises segment. Singh said that the company is targeting a total market share of four to five per cent of the Rs 650 crore enterprise segment in 2002-03.
The company has already test marketed the product in southern India and has already signed in 12 customers during the pre-launch period. As they progress successfully ahead in this segment with Orion, Singh said, "We will look at the possibility of tie-ups with channel partners and distribution partners. As we go forward, we do not want only to enable and implement. We would like to pass it on to our partners. However to begin with we will enable and implement."
Without elaborating too much he also said the possible partnerships would be a four tier one. ICICI Infotech has already appointed a channel and distribution head to take care of this aspect.
