"We are currently looking for a suitable land in Chennai and Kolkata to set up these hubs. We will invest Rs 50 crore to put up these facilities," Vakarangee Softwares' Chairman and Managing Director Dinesh Nandwana said.
Vakrangee Softwares claims to be one of the pioneers in the country in digitalisation, data and printing management solutions business.
Nandwana said that regional hubs in Kolkata and Chennai would employ 500 persons each and work on the projects would start in the next quarter. The current strength of the company is 1,500.
"By the end of the current fiscal, both these hubs would be operational," he said.
Vakrangee Softwares has already committed an investment of Rs 200 crore during the current fiscal to expand its operations.
Apart from the proposed two hubs, the company would also set up its centralised office in Karjat and already bought 275 acres of land for that.
The firm, which had recorded a net profit of Rs 49.87 crore on Rs 223.8 crore sales in the last fiscal, aims both topline and bottomline growth by 50 per cent in the next three years, he said.
