Tata Elxsi eyes Rs 1,860-cr revenue from global ops in 3 yrs

MUMBAI: Tata Elxsi, the visual effects and animation arm of the Tata Group, expects revenues to touch USD 300-400 million (Rs 1,860 crore) from its global operations over the next three-years, a top company official said.

The software design services firm aims to expand its presence in the US in line with its global growth strategy, which includes opening more studios in high-growth markets.

"We expect to get USD 300-400-million in topline over the next three-years, and we intend to keep doubling it every three years after that," Tata Elxsi Ltd's CEO and Managing Director, Madhukar Dev, told reporters here today.

"We would open more centres in other parts of the world depending on the work-flow coming in from the US and Europe," he added.

Tata Elxsi has a global delivery footprint through offices and centres in India, the US, UK, Japan and Germany.

The Bangalore-headquartered company will open a new visual effects (VFX) studio in Santa Monica, US, next week, in addition to existing studios in Mumbai, Tokyo, and UK.

"We want to cater to the overseas market, especially clients in Hollywood, in a much more substantial manner. The studios in Mumbai and Santa Monica will work in tandem to provide a cost advantage to clients," Dev said.

The company has spent USD 5-million from internal accruals to buy high-quality equipment for servicing the overseas market.