BCCL picks up stake in SatNav

Bennett, Coleman & Co (BCCL) has acquired a stake in Hyderabad-based IT products company, SatNav Technologies.


MUMBAI: Bennett, Coleman & Co (BCCL) has acquired a stake in Hyderabad-based IT products company, SatNav Technologies. The company, which pioneered products in navigation, telematics and business infrastructure management, was founded under the Satyam entrepreneur incubation program focusing on services and products.

In 2004, SatNav took over the products developed by Satyam Navigation and is today an independent venture run by ex-Satyamites. With partners in eight countries, the company is expanding its customer base across the globe. The company���s client list includes ICICI Bank, Genpact, Satyam, ISB, UBS and HSBC.
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