Sudarshan told eFE that the company would enter the capital market with a domestic float and an ADR issue during the first quarter of the next fiscal. However, he said, ``The sequence of IPO is yet to be decided.''

Sudarshan said the company would soon talk to its board and investors for the consent to move ahead with the issue. Planetasia.com was recently valued by Arthur Anderson for an ``undisclosed sum.''

He said, ``A strong capital presence is important for us to go in for organic and inorganic growth. The company would seriously look at both organic and inorganic growth, he said. ``It will be either in the form of strategic investments, mergers or acquisitions,'' Sudarshan said. The company will also make significantinvestments in India and will also set up a large development faciliity in Bangalore which will house over 3000 people. He said the company was currently in the process of identifying a 10 acre plot of land for the campus. The Planetasia campus was expected to be up within 12 to 18 months, he said.

The company will also set up proximity development centres for applied architecture services in the US within a couple of weeks. Other expansion plans on the card include three more US offices (where it already has two offices) and two international offices in Asia and Europe by the end of the fiscal.

On the joint venture front, the company was currently in talks with a large number of overseas partners of which three of them were at advanced stages of talks, Sudarshan said. According to the company's co-CEO Jawahar Bekay, the Internet Application & Networking Group would be incubated separately under Microland Group with a view to improve its focus on embedded software systems. Earlier, it was under MicrolandSoftware Services which was recently merged into Planetasia.com.