InfoVision group to pump in Rs 100 crore for expansion

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Chennai, Mar 13 (UNI) InfoVision group, India's largest independent BPO, has drawn out plans to expand its operations in the southern region with an investment of about Rs 100 crore in the next two years.

Addressing a press conference here after inaugurating its Chennai facility, company President Aditya Gupta said the company proposed to move out to tier-II and tier-III cities like Mysore, Coimbatore and Kochi as there was no scope for expansion in Bangalore, Hyderabad and Chennai.

Using its strong presence in the three cities in the south, InfoVision was also looking at ramping up the employee base to around 6,500 in the south by the year 2010.

He said the state-of-the-art 50,000 sqft facility in the city would accommodate more than 1,000 employees by the end of this year.

The headcount in the city would grow from 1,500 to 2,500 by the year-end, he added.

Mr Gupta said the company had chalked out plans to invest about Rs 300 to Rs 400 crore in infrastructure and technology in the long run and take the employee strength from the present 10,000 to 25,000. The Rs 260 crore company was poised to become a Rs 1,000 crore company by 2011, he added.

''With the barriers of language and region fading everyday, the domestic BPO business is set to provide immense opportunities to the country's youth,'' he said, estimating the BPO global market to be at Rs 25,000 crore by 2012. The Indian BPO market was expected to grow by 30 per cent in the next three years, he added.

UNI WS GD 1325

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