NEC Tech India aims Rs 9 crore in revenue, hires 1,000 in 3 yrs

NEW DELHI: IT company NEC Technologies India is targetting 66 per cent growth in revenue to USD 90 million in three years led by offshore support centres and plans to hire 1,000 engineers to support growth.

"We are expecting that our revenue will reach USD 90 million in three years driven by open source software stacks and offshore delivery business. We are aiming to double headcount from about 1,000 at present to 2,000 to support growth," NEC Technologies India (NTI) CEO and MD Anil Gupta said here.

He added that NTI's revenue was around USD 54 million in 2015-16 and most of it came from overseas clients.

"Business from India was around 15 per cent. We expect by 2018 there will be more people looking for OSS solutions. Indian government has also announced its policy to procure OSS based products which will drive the business," Gupta said.

NTI and its Japan-based parent NEC Corporation today announced to jointly set up an Open Source Software centre in India to provide support for OSS used in various businesses in domestic market as well as to clients globally.

"The centre will start with more than 50 engineers now. In next year we will grow this number to over 75 and then over 100 in 2018," Gupta said.

The OSS centre will be set up in Noida as a division of NTI.