We have already approached the state government for approval for setting up a new campus on the outskirts of Bangalore. The location has also been identified and the construction of the facility will be initiated depending on the companys future requirement, Infosys president, managing director and chief executive officer Nandan Nilekani said.
This will be companys second facility within Bangalore.
The company also has development centers in Bhubaneshwar, Pune, Mangalore, Mysore, Chennai and Hyderabad.
The company is also in the process of identifying potential companies both in the US and Europe for a possible buy-outs.
Acquisition is an intended strategy. Our goal is to become an end-to-end service provider so we need to grow both organically as well as inorganically, Mr Nilekani said.
He, however, did not place a figure on the number of acquisitions planned by the company. It all depends on how many good companies we are able to acquire, he remarked.
Nilekani To Chair Power, IT Sector Task Force
The power ministry has set up a task force to develop synergy between the information technology (IT) and the Indian power sectors. This task force is to be chaired by Infosys CEO Nandan Nilekani. The power sector with the help of Nasscom intends to reduce its losses of about Rs 25,000 in distribution by incremental usage of IT applications.
The telecom business contributed around 15.4 per cent (including 8.6 per cent from telecom equipment manufacturers) to the companys total revenues during last fiscal.
In order to broaden our base in the telecom equipment area, we are focussing more on the service provider business and expanding our reach to the newer market of Europe, he said.
Talking about the new BPO initiative of the company, Mr Nilekani said that Infosys preferred to set a separate venture, as the BPO business model was very different from the software business model.
We have decided to rope in Citigroup as the equity partner not only for financial investment but also to strengthen our relationship with them in BPO business, he said.
Infosys has obtained an investment of $20 million from Citigroup for its BPO venture.
Infosys will retain a major stake in the company and will be investing $5 million as declared during the annual results.