Symphony To Ramp Up India Operations, Pump In $100 M

Posted: Friday, Nov 07, 2003 at 0000 hrs IST
Updated: Friday, Nov 07, 2003 at 0000 hrs IST

Font Size

Feedback

Discuss

Bangalore: : Symphony Services, promoted by Romesh Wadhwani, has chalked out an investment of $100 million over the next three years to beef up operations at its India technology centre located in Bangalore. Already, $50 million have been pumped into the centre, which has seen a 400 per cent growth over the last 12 months.

Addressing media persons, Symphony Services chairman, Dr Wadhwani, said the new centre, which currently houses 650 people, would employ close to 1,500 people within the next six months and is expected to touch the 2,500 people mark a year from now. “The revenue from Symphony Services, the high-end product and business transformation services arm of the Symphony Technology Group stands at $100 million revenues and is expected to be $500 million in five years. The focus of the service business will be on high-end product development services in key technology ares like CRM (customer relationship management), analytics software, telecom, etc,” he said.

Symphony’s parent company, Symphony Technology Group, currently has five portfolio companies in its kitty and is expected to collectively touch the $1 billion mark this calendar year.

Post Comments

Comments: (Limit 3,000 characters)

Name		Message
Email ID
Subject

TERMS OF USE:
The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).

I agree to the terms of use.