Fulcrum Logic to expand operations in India

Mumbai, June 28: US-based Fulcrum Logic, a global software solutions provider, has announced its India expansion plans by making a phase-wise investment of USD 50 million.

The company plans to strengthen its employee base in Mumbai and Pune facilities from 400 to 1,200 in the first phase and further to 4,500 in five years, the company told mediapersons here last evening.

''Fulcrum plans to invest about USD 50 million over a five year span, with about USD 10 million in the first phase by the end of this year, and about 40m USD in the second phase,'' President and CEO of the company Rajesh Sinha said.

The company is also planning to set up a global knowledge campus in the new upcoming Rajiv Gandhi Infotech Park, SEZ complex at Hinjewadi, Pune. With a current sales revenue of USD 25 million , the company expects to reach a turnover of close to USD 150 million within five years , he added.

UNI