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Sicap eyes 3-fold jump in India biz, triple staff by next yr

Press Trust of India  |  New Delhi 

Swiss mobile software firm Sicap expects 3-fold increase in contribution from Indian market by next year, mainly on account of business from mobile virtual network operators.

The company, a spin-off of Swisscom, moved its global development centre to to tap on growth opportunity and plans to almost triple the workforce in 12-18 months to support business expansion.

"contributes around 3-4 per cent. With around 60 mobile virtual network operators coming in, we expect to contribute 10-15 per cent in our global business," Sicap Group CEO Markus Doetsch told PTI.

The company provides SIM management solution that connects mobile SIM with network and manages service on it. At present, the Sicap is providing its service to Jio. It also provides Internet of Things platform, stolen mobile tracking and security solutions.

"We have moved our entire product development workforce to in 2015. We started with 6 people and now we have 50 people. In 12-18 months, we will triple this workforce as growth for us will not only come from telecom operators, but other solutions as well. We expect to deploy our 20 IoT platforms in India by the end of this year," Doetsch said.

Besides, the company plans to increase its operations and marketing team that will cater to businesses in India and South Asia.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, June 19 2017. 20:13 IST