Scientific Publishing Services (SPS), a prepress and typesetting services provider, is planning to spend about Rs 25 crore over the next five years on expansion. |
R Balasubramanian, technical director, Scientific Publishing Services (P) Ltd, told Business Standard that the company was expecting more orders from international publishers in the US and Europe and was looking at expanding its infrastructure and manpower. The company would fund its expansion through internal accruals. |
SPS, an associate of Springer Science and Business Media, Germany, currently provides prepress production services and solutions to four international STM (science, technical and medical) journal publishers. |
To support the expansion, SPS is planning to set up a facility in a special economic zone and is also planning to add 600 people to take the total number of its staff to over 2,000 by the end of 2007. The company is servicing its customers out of its four facilities in Chennai. |
While the company is planning to add book works in its service offering in the STM segment, it is also planning to expand to legal and finance areas. |
Balasubramanian said that there was a lot of business opportunities in the electronic publishing sector as the areas like legal documents and finance documents remained largely unexplored, except some small-scale operations by a few firms. |
The 10-year-old company reported a revenue of Rs 90 crore for the fiscal 2005-06 and expects a double digit growth during this year. Balasubramanian also said that the company was recording about 40 per cent margins. However, he declined to provide the profit figures, citing it was a privately-held firm. |
SPS' activities (outsourced by overseas publishers) include data conversion, structuring, typesetting, copy editing, proof reading and scanning which are fulfilled with final delivery of outputs to the clients. |