"We are considering an IPO as one of the options, but in the short-term we have a very comfortable cash flow as also other means of funding our immediate plans,'' said chairman and CEO Dasgupta, pointing out that Globsyn had become a debt-free company.

The investment will be made in two phases: the first comprising Rs 10-12 crore by April end and the second of about Rs 25 to 30 crore beginning September.

The three-year-old Calcutta-based education and IT services company plans to open marketing offices in San Jose, Atlanta and Chicago in addition to the one in New Jersey. It has also revamped its managerial team and set up a full-fledged marketing base in Delhi and Bangalore.

It plans to set up 15 TechnoCampus education centers by the end of this year. Five such centers have already become operational in Delhi, Calcutta, Mumbai, Ahmedabad and Bhubaneswar. In the next phase, centers will be set up at Chennai, Hyderabad, Indore, Pune and Bangalore, besides four in Dubai, Bangladesh, Korea and Malaysia.

``These centers at present conduct a six-month post-engineering course for Rs 85,000, imparting a mix of IT and management principles. We hope to have one such center of excellence in all major cities eventually,'' Dasgupta said.

Globsyn had also decided to tap the online learning space very seriously, he added. It will soon launch its first portal called knowledgepub.com and at least three to four more within a year. To be a multi-lingual global portal, knowledgepub.com will address the learning needs of audience in various countries and its offerings will include distance learning and online seminars.

``We are eager to make acquisitions in the IT education area to widen our customer base at a fast clip within next six to nine months,'' he added. It is expecting to close the current financial year with a Rs 21 crore turnover as against Rs 6.6 crore last year.

The company has a paid-up capital of Rs 5.2 crore at present with Dasgupta holding a 48 per cent stake. The remaining equity is held by venture capital firm RCTC, Exim Bank, non-banking finance companies and overseas corporate bodies.

Dasgupta said Globsyn has appointed Noble & Hewitt to make fresh recruitment as it plans to increase the staff strength to 220 by March next year and intends to introduce an employee stock option plan soon.