Innominds to invest 5 mn dlr in two years
Innominds Software, a product engineering services provider, has set up its second centre in Hyderabad at an investment of $500,000. The company is also planning to invest $5 million in India in two years for capacity expansion and infrastructure ...
By TNN |
HYDERABAD: Innominds Software, a product engineering services provider, has set up its second centre in Hyderabad at an investment of $500,000. The company is also planning to invest $5 million in India in two years for capacity expansion and infrastructure development.
"The new centre, spread over 20,000 square feet, will enable us to expand and strengthen our sales support globally. We are planning to increase headcount from 350 to 1,000 in two years," said Divakar Tantravahi, co-founder & managing director of Innominds.
Talking to reporters on Tuesday, he said, the company was also looking at expanding its footprint to Bangalore. The company has offices in Hyderabad, Chicago and California. Innominds registered revenues of $5 million in 2005-06 against $3.2 million in the previous year. "We are targeting revenues of $8 million in 2006-07," Mr Tantravahi said.
"The new centre, spread over 20,000 square feet, will enable us to expand and strengthen our sales support globally. We are planning to increase headcount from 350 to 1,000 in two years," said Divakar Tantravahi, co-founder & managing director of Innominds.
Talking to reporters on Tuesday, he said, the company was also looking at expanding its footprint to Bangalore. The company has offices in Hyderabad, Chicago and California. Innominds registered revenues of $5 million in 2005-06 against $3.2 million in the previous year. "We are targeting revenues of $8 million in 2006-07," Mr Tantravahi said.
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