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IT People to expand operations



The governing body member of IT People (India), Adi Cooper, with the Chairman, Ketan Sheth, at a press conference in Mumbai on Tuesday. — AFP

MUMBAI, APRIL 12. Staffing solutions company IT People (India) Ltd. will invest $4-5 million for its expansion activities, which include launching of operations in five cities in India and abroad.

"We are planning to invest around $4-5 million by June for launching operations in other places, brand building, infrastructure build-up and database acquisition," IT People Chairman, Ketan Sheth, told reporters here today.

In the first phase of expansion, the company was planning to set up its new operations in Mumbai, Pune and Bangalore, even as it was looking at setting up bases in Chennai and Hyderabad, he said adding, this was expected to be completed by June.

In the next phase of expansion, IT People would augment its presence in the U.K., Gulf and North African markets, he said.

A part of the proposed investment would also be used for acquiring state-of-the-art technology and database necessary for its operations, he said.

IT People was in talks with investors and financial institutions for raising the equity, even as it was in talks with various financial institutions for raising the debt, he added.

Meanwhile, the company launched a portal for IT professionals. The portal — IT-People.com — is a platform for both IT professionals and recruiters.

Rajiv Puri, a member of the governing body of the company, said "The services of the portal would be extended to other territories shortly." — PTI

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