The Hindu : Business : e2e Service looking for international clients

Online edition of India's National Newspaper
Wednesday, Jun 22, 2005

Business

Business

e2e Service looking for international clients

Special Correspondent

Idea Cellular to decide on Singular's stake

HYDERABAD: Just ten months old, e2e Service Solutions, a Tata group company, is already 4,000 professional strong, and is targeting a growth to 8,000 headcount by 2007.

The company, which started off by drawing 300 people from VSNL and Tata Teleservices to handle the call centre job, now has operations in Hyderabad, Pune and Chandigarh.

While Rs. 70-80 crore was invested so far, it plans a further investment of Rs. 250 crore till 2007, according to Kishor Chaukar, Managing Director of Tata Industries Limited (TIL), and Member of the Group Corporate Centre (GCC).

In an informal meet with reporters here, Mr. Chaukar said its turnover of Rs. 500 crore had been mostly from Tata group companies business. But it started looking for international clients, and by 2007, about 3,000 employees would be working on such projects.

By 2007, he was confident that it would be among top ten companies in the country, though eventual target was to be among top three. Discussions were on to get international business in areas such as technical work, transactions, banking and insurance.

Mr. Chaukar said "We would like to look at biotechnology with considerable interest", though electronics and nanotechnology were also interesting propositions, in that order. He was confident of making a beginning in the next one year in either bioinformatics or biotechnology research.

In the next fortnight, Idea Cellular would decide on the fate of Singular's stake (in Idea). Now that Singapore Technologies Telemedia's (STT) plans to acquire Singular's stake failed, "We will consider all options, including buying it.

The initial public offer route is one of the options", he said. The rollout in three uncovered circles (UP-West, Himachal Pradesh, and Rajasthan) would be according to plan.

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