Allied Digital eyes 30% topline, bottomline growth in FY11

MUMBAI: Information technology services provider Allied Digital Services (ADSL) is eyeing up to 30 per cent growth both in profit as well as revenue during the current financial year, a top company executive has said.

"In line with our yearly growth, this fiscal also we are expecting to clock abou25-30 per cent growth both in our topline as well as in bottomline," ADSL Chairman and Managing Director Nitin Shah told PTI.

The Mumbai-based company had clocked a revenue of Rs 673 crore and a profit of Rs 97.4 crore in 2009-10.

ADSL provides a range of IT infrastructure services and solutions, including managed services and physical and information secirity solutions, to leading domestic and global companies.

The company, which is present in Australia, West Asia and the US, is also looking to enter the Europrean market through partnetship.

"We are already in talks with few companies in the UK for partnership. After establishing ourselves in the UK we will venture into other countries in the continent," he said.

ADSL employs over 3,500 people and is looking to increase its manpower by 15-20 per cent by FY 12, Shah said.

The company recently set up a joint venture called Allied e-Cop with Singapore's e-Cops which will exclusively cater the managed security services business.

"The global managed security services solutions segment is worth about USD 4.5 billion and we are aiming to garner USD 50 million revenue from our JV, Alle-Cop, in next five years," Shah said.