Infotech
Enterprises Limited, a Hyderabad-based technology solutions provider offering
engineering and geographic information (GI) services, is looking at hiring
1,500-2,000 professionals by the end of the current financial year, backed by
its growing business from its existing clients across verticals. The company
employs 8,000 globally.
“The hiring will be a combination of
all the domains that we have currently, including engineering and GI. We see
more traction coming in and we would certainly like to have more on the board,”
said B Ashok Reddy, president (global HR and corporate affairs) of Infotech.
He was speaking to mediapersons on the sidelines
of the ‘HR Conclave – Talent building for emerging India’ organised by the
Confederation of Indian Industry (CII) in Hyderabad on Friday.
Reddy said the visa row has had any impact on
the company as of its total strength, less than 50 per cent were under L1 and
H1B visas. “We currently have 780 people on rolls in the US of which about 250
could be under L1 and H1B. In the case of Wellsco, which we acquired recently,
all the 180 resources are locals. We are safe in there,” he added. Source: BS
21/8/10
Infotech signs pact with SNISTInfotech
Enterprises Limited, a city-based technology solutions provider offering
engineering and geographic information services has signed an MoU with SNIST
(Sreenidhi Institute of Science and Technology).
According
to Infotech’s campus connect initiative, the chief objective of this MoU is to
jointly work for the purpose of enhancing the quality of technical education
imparted to students of SNIST in different streams like BS, Programme in
Electronics Engineering Technology (Avionics), BTech, MTech. (mechanical,
electronics,) in the avionics segment and other branches associated to the
nature of projects carried out by Infotech, a release said in Friday. Source: BS 14/8/10
Infotech
partners with collegeInfotech Enterprises
Limited, a city-based engineering company, has signed an MoU with Sreenidhi
Institute of Science and Technology as part of its campus connect initiative.
It is aimed at enhancing the quality of education in avionics-related streams. Source: BS 14/8/10
Infotech
Enterprises' arm buys US-based WellscoEngineering
services provider Infotech Enterprises today said its US-based arm has acquired
the Arkansas-based firm Wellsco Inc for an undisclosed amout.
The
acquired entity Wellsco provides network engineering and management and related
services to the telecommunications industry, the Hyderabad-based firm said in a
filing to the Bombay Stock Exchange.
Shares of Infotech
Enterprises were trading at Rs 168.45 on BSE, up 4.47 per cent from previous
close. Source: BS 10/8/10
Infotech
HAL inks tech pact with Nasmyth GroupInfotech
HAL Limited, a 50:50 joint venture company between Hindustan Aeronautics
Limited (HAL) and Infotech Enterprises Limited, has entered into a
technological alliance with UK-based Nasmyth Group Ltd, a precision-machined
component and equipment supplier to the aerospace, healthcare equipment, oil
instrumentation and specialist automotive industries.
The
alliance with Nasmyth will address manufacturing and design, as well as reverse
engineering of mechanical and electromechanical products for applications in
both the Indian and global markets. It will be supported by the design and
systems integration facilities of Infotech HAL and the comprehensive machining,
assembly, surface treatment and testing facilities of Nasmyth, Infotech HAL
chief operating officer Mathew Chacko said.
“The alliance will provide the global aerospace
industry with comprehensive and fully integrated design and reverse engineering
facilities for products, sub-systems or assemblies. We will primarily target
OEMs in emerging economies,” Chacko said.
Nasmyth Group Limited, a group of 12 companies,
is an international supplier to the civil and military aerospace sectors. It
offers design, production and process design and planning, manufacturing,
assembly, system integration and product support services across the fields of
precision mechanical and electro-mechanical engineering.
“We will jointly work on design as well as
redesign of aerospace components. Any patents will be held jointly by both
groups. Many OEMs are currently faced with a huge backlog of legacy spare parts
for the engine and other components, which require redesigning. We will also
focus on build-to-design services for aerospace majors. The long term plan for
this alliance is to set up a R&D centre though it is too early to talk
about it right now,” Chacko said.
The partnership with Nasmyth will supported by
Nasmyth’s manufacturing and Infotech HAL’s procurement facilities and
integrated supply chains. Nasmyth’s facilities in the UK, Europe and the US
will help match prototype, legacy or mainstream production requirements of
aerospace manufacturers.
Aerospace OEM giants like Boeing, Rolls-Royce
and General Electric are increasingly turning their attention from component
manufacturing to systems integration. Entering into agreements with aerospace
engineering firms for design-to-build services enables the big OEMs to reduce
their systems integration costs and improve their risk-sharing profile.
Bangalore-based Infotech HAL has a 30-member
team of highly skilled technologists at its development facility in Electronic
City. The company’s solutions involve conceptual design, redesign, manufacture
and production of aerospace modules, systems or components together with
manufacturing management.
Infotech HAL also provides specialist services
covering aerodynamic and mechanical design, structural, stress, thermal and
rotor dynamic analysis, aeronautics, computational fluid dynamics and
combustion studies, together with digital mock-up, testing, analysis, control
system design, development and software applications. Source: BS 14/8/10
Infotech
starts operations from Vizag SEZ facilityInfotech
Enterprises Limited, a Hyderabad-based engineering and geographic information
services provider, on Monday commenced operations from its new special economic
zone (SEZ) facility in Visakhapatnam.
The new facility is
the company’s sixth development centre, with the other five being at Madhapur
and Manikonda in Hyderabad, Bangalore, Noida and Kakinada, and its first in an
SEZ and second in a Tier-II town. The Visakhapatnam development centre, housed
in a five-acre campus, has a built up area of 75,000 sft for accommodating 750
seats. The facility will house around 500 associates in Phase-I.
The centre will be working on delivering engineering
services and solutions to Infotech’s customers in the offshore and marine
segments, which include engineering of semi-submersible rigs, jack up rigs,
drill ships, bulk carriers, construction support vessels, pipe lay barges,
offshore supply vessels and dredgers. The engineering support provided from
this centre will encompass all functional areas such as naval architecture,
structural, mechanical, electrical and instrumentation.
“As part of our strategy to expand our
operations in Tier-II cities, Vizag came as the obvious choice due to
availability of highly-skilled resources, its infrastructure and lower cost
base compared to Tier-I cities. This development centre will add a new
dimension to our operations in India in providing high-value services to our
customers globally at competitive rates,” Infotech chairman and managing
director BVR Mohan Reddy said in a press release. Source: BS 29/7/10