SISL aims to double turnover in 5 yrs

Kolkata, Aug 18 (UNI) Siemens Information Systems Ltd (SISL), the 100 per cent subsidiary of Siemens Ltd, is aiming at doubling turnover in five years.

The company is expecting a 20 per cent growth in turnover in 2005-06, over Rs 635 crore reported in 2004-05.

The company, specialising in systems integration and IT solutions, follows October to September as the fiscal year.

Focus on telecommunication sector, innovations and software development for corporate clients and larger share of business from corporates other than Siemens would drive the growth, managing director Anil Laud said.

''We expect that other companies will contribute 85 per cent of business and share of business from Siemens will be 15 per cent in the next two years,'' Mr Laud said.

SISL presently has centres at Mumbai, Bangalore, Gurgaon, Pune Kolkata and Chennai with 4200 people working under its rolls.

''We hope to employ 750 people in the Kolkata centre at Millenium Towers in the near future,'' Mr Laud said.

UNI TJP PL RN1407