Allied Digital eyes 30% topline, bottomline growth in FY 11

Posted By: Pti
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Mumbai, Jan 16 (PTI) Information technology servicesprovider Allied Digital Services (ADSL) is eyeing up to 30 percent growth both in profit as well as revenue during thecurrent financial year, a top company executive has said.

"In line with our yearly growth, this fiscal also weare expecting to clock about 25-30 per cent growth both in ourtopline as well as in bottomline," ADSL Chairman and ManagingDirector Nitin Shah told PTI.

The Mumbai-based company had clocked a revenue of Rs673 crore and a profit of Rs 97.4 crore in 2009-10.

ADSL provides a range of IT infrastructure servicesand solutions, including managed services and physical andinformation secirity solutions, to leading domestic and globalcompanies.

The company, which is present in Australia, West Asiaand the US, is also looking to enter the Europrean marketthrough partnetship.

"We are already in talks with few companies in the UKfor partnership. After establishing ourselves in the UK wewill venture into other countries in the continent," he said.

ADSL employs over 3,500 people and is looking toincrease its manpower by 15-20 per cent by FY 12, Shah said.

The company recently set up a joint venture calledAllied e-Cop with Singapore''s e-Cops which will exclusivelycater the managed security services business.

"The global managed security services solutionssegment is worth about USD 4.5 billion and we are aiming togarner USD 50 million revenue from our JV, Allied e-Cop, innext five years," Shah said. .

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