Dhanus Tech to expand infrastructure facilities

Chennai-based Dhanus Technologies, which had pilot tested its vehicle tracking service called FleeTrac in June, is planning to expand its infrastructure support systems by purchasing network operating centre equipment for its ITES and FleeTrac business.

The company had received registration for setting up a vehicle tracking system using a vehicle mounted unit (VMU) with an in built????? equipped with a SIM card and GPRS capability to work on global positioning satellites from the Department of Telecommunications last year.

Company officials said the vehicle tracking service has found favour with major transportation and logistics players and close to 12,00,000 clients have been acquired during the pilot test itself. According to data from international surveys, vehicle tracking systems sales in India are expected to reach around $35 million between 2008-09.

To expand its infrastructural facilities, the company will be entering the capital markets on September 10 with a public issue of 38,35,000 equity shares of Rs 10 each through a 100 per cent book building process.

Dhanus operates in three verticals, including telecards (V-Tel global calling cards), teleservicesTESPO and software services (BPO services and software services and development) and telematics (FleeTrac vehicle tracking services). Close to 70 per cent of the company's revenues come from the global calling card segment but the telematics vertical is now being looked upon as a major revenue earner in the coming years.

As part of its plans to grow in the other ITeS vertical the company started BPO operations in 2006. Currently its BPO operations consist of 85 seats and would be expanded to 500 seats by the end of 2007.

The division offers debt solutions and telemarketing services for the UK, US and Australia markets. All its servers are based in Santa Clara and Florida, US.