Karrox Tech on a major expansion spree

Mumbai, May 23 (UNI) Karrox Technologies Ltd, a leading Education organisation, is now on a major expansion spree and spreading its wings abroad.

Karrox Technologies CEO Mr Jitendra Nair told mediapersons here today that "At present, Karrox has centres running successfully in Asia, Middle East and African regions and it expected to move to centres like Vietnam, Kuwait and US by the year-end''.

The company would invest about Rs 50 crore within the next three years for expansion of 50 centres across the country as against 20 including Mumbai, Pune, Kolhapur, Delhi, Jaipur, Hyderabad and Ahmedabad.

He said the Company's turnover was recorded higher at Rs 34 crore for financial year ended March 31, 2008 as against Rs 25 crore in the previous year. The net profit was also higher at Rs 2.6 crore for fiscal year 2008 compared to Rs 1.15 crore in the previous year.

The Company expected to cross turnover of Rs 100 crore by 2010.

Karrox has trained participants from countries like UK, USA, Sweden, Canada, Australia, New Zealand, Switzerland, Singapore, Tanzania and Oman.

The company is also looking at acquisitions in the Indian market and was in talks with a couple of concerns. As part of the agreement, Karrox will offer training programms on IBM's latest software technologies and IBM software testing in the software and infrastructure management space, he added.

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