Bangalore: ITC Infotech, a 100 per cent
subsidiary of the $4 billion Indian conglomerate ITC Ltd, is scouting for inorganic growth
to expand its operations.
Speaking to CyberMedia News, Sanjiv Puri,
managing director of ITC Infotech, said, “The company is looking out for potential
buys both in India and abroad that can provide complementary skill sets and also customer
leverage.”
In May this year, the company ramped up its
presence in the US by strengthening its sales and marketing efforts. Having clocked $64
million in revenues last fiscal, the company is hoping to outpace the industry growth with
a CAGR of 85 per cent.
Besides Banking, Financial services and
Insurance (BFSI), the company focuses on three other verticals that mirror its parent
company ITC’s own businesses-travel and hospitality, consumer packaged goods and
retail, and manufacturing. ITC Infotech also has an advanced technology division that
works on incubating technologies and processes. This year, this team is focusing on RFID.
The firm competes with the likes of the
global service providers like HP, IBM and Accenture and also tier-one Indian players for
enterprise system integration solutions, infrastructure and testing services projects.
Puri stressed that the company’s
differentiation and positioning lies in its extensive domain knowledge and the fact that
ITC Infotech owing to its own enterprise background can understand the customer’s
pain points and business imperatives.
Some of its clients include British
American Tobacco, Abbey National Bank, Finnair, DHL, PTC and Unilever. Around five per
cent of the company’s revenues come from ITC.
The spacious ITC Infotech Park in
Bangalore, that measures 37 acres and boasts of eco-friendly design, has around 4000
employees. This includes 500 BPO employees involved in voice-based support.
Given its current growth rate and customer
traction, the company is hoping into break into the league of the top tier IT services
companies.
