Our IT division has a very ambitious growth plans and if everything goes the way we are planning we should be able to double the turnover by next year. There are primarily two reasons for our optimism, first is that geographically we are well spread, our presence is in Europe, US, Japan and South East Asia. Secondly we are not providing services in one specific area like financial services, manufacturing sector, etc. Our business portfolio is spread across many areas. Communication embedded software is one area where we foresee major growth opportunity.
Financial services is also one of the major area.
Our functional domain is also a major plus point. This helps us move up the value chain. It offers us an opportunity like tying up with a power company in US and doing a joint marketing there. The work profile includes entire package from front end to back end processing. This project is expected to be completed in first quarter of FY02.