HYDERABAD:
Innominds Software, a product engineering services provider, has set up its
second centre in Hyderabad at an investment of $500,000. The company is also
planning to invest $5 million in India in two years for capacity expansion and
infrastructure development.
"The new centre, spread over
20,000 square feet, will enable us to expand and strengthen our sales support
globally. We are planning to increase headcount from 350 to 1,000 in two years,"
said Divakar Tantravahi, co-founder & managing director of
Innominds.
Talking to reporters
on Tuesday, he said, the company was also looking at expanding its footprint to
Bangalore. The company has offices in Hyderabad, Chicago and California.
Innominds registered revenues of $5 million in 2005-06 against $3.2 million in
the previous year. "We are targeting revenues of $8 million in 2006-07," Mr
Tantravahi said.
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