Amtex to invest Rs 100 cr in India

US-based IT consulting and services company, Amtex Systems is aggressively expanding its presence in India with the setting up of two offshore development centres and plans to increase its India headcount by over four fold in the next two years.

The company had last year earmarked an investment of Rs 100 crore (Rs 1 billion) for the next three years for enhancing its foothold in the country.

"The two Offshore Development Centres at Delhi and Chennai will help us in providing end-to-end solutions to our global clients in a cost effective manner," Amtex System Founder and CEO Sunny Pokala told PTI.

He said the centres would augment Amtex's global business model of end-to-end IT consulting and services offering and about 25 per cent from the total Rs 100 crore has already been invested in acquiring land and hiring people.

"We will ramp up our Indian workforce to 1500 in the next two years from 350 currently," Pokala said.

He said about 60 per cent of the work over the next two years would come from the Indian centres from only 15 per cent now. The company has three more development centres across the world apart from India.

The $50 million company is also expecting to double its revenues in the same period.

Amtex also plans to foray into IT infrastructure, he said adding, "we will provide ready to operate units to the companies with hardware, software, skilled manpower and support services available on top of a plug-n-play facility,"

"The site for the first IT infrastructure offering has already been bought in Chennai, which will cover an area of 600,000 sq ft on completion," Pokala added.

He said in keeping with the differentiated value proposition of the new offering, the model would be fee-based and not lease-based.

Amtex, also has a software testing unit in Chennai and provides services to companies such as IBM, Intel, JP Morgan, Pfizer, Johnson and Johnson and Merrill Lynch among others, Pokala added.