Onspec Tech plans 30 more centres

Onspec Technology Solutions Private Limited, a subsidiary of US-based Onspec Technologies, opened its 23rd ELMAQ.edu software training centre in India at Visakhapatnam on Saturday. The company plans to open 30 more such centres across the country this fiscal.

Speaking to mediapersons, SV Vasudevan, director (business relations), said that the company was contemplating setting up 30 more ELMAQ.edu centres across the country during the 2006-07 financial year, with the majority of them planned for the southern states including Kerala.

"Depending on the location, our partners will invest Rs 10-20 lakh in each centre," he said. Onspec currently operates 23 ELMAQ.edu centres in Karnataka, Tamil Nadu and Andhra Pradesh on a franchisee model.

Vasudevan said the company was expecting to garner Rs 7 crore revenues from software training this fiscal, as compared to Rs 2.6 crore earned in 2005-06.

"We have signed MoUs with about 25 major IT companies including Infosys, Satyam and Wipro. So, most of our trained students will get placements in major companies," he said.

He said that around 4,000 students were trained in the ELMAQ.edu centres in the last two years and 75 per cent of them got placements in different organisations.

"We offer both short-term and long-term courses. This year, around 5,000 students are expected to get admission in our centres," he said.