Business IdeasInfinite Computer Solutions eyes RIM market in India
Having established its competence in acquiring intellectual property (IP) in telecom equipment, Bangalore-based Infinite Computer Solutions (India) Limited is now eyeing the remote infrastructure management (RIM) in the US, Europe and India markets. While currently Infinite Computer Solutions serves few customers in RIM vertical in these markets, the company is hoping to grab a larger pie in the near future."Our core competence lies in IP acquisition in telecom.
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However, we are hopeful to grow in near future in remote infrastructure management (RIM) as companies in the US and Europe are moving from software outsourcing to RIM outsourcing in India," said Rohan Rodrigues, executive vice president of Infinite Computer Solutions (India) Limited. Of the company"s Rs 495 crore turnover in the financial year 2008-09, around 8.1 per cent came from RIM as against zero per cent in 2007-08.In order to grow its business in IP acquisition, the company is planning to invest around Rs 38 crore for which it is raising funds through an initial public offering (IPO).
"We are issuing around 11.5 million equity shares, half of which will be fresh while half will be offer for sale. At the upper band, we expect to raise about Rs 90 crore in all," said Navin Chandra VSM, director of Infinite Computer Solutions (India) Limited.The company has four development centres (DC) across the country, one each in Bangalore, Hyderabad, Chennai and Gurgaon.