Tata Elxsi eyes Rs 1,860 cr rev from global ops

Tata Elxsi, the visual effects and animation arm of the Tata group, today said it is envisaging revenues worth $300-400 million (around Rs 1,860 crore) from global operations over the next three-years.

The Bangalore-headquartered company has charted out a global expansion plan and will open a new visual effects studio in Santa Monica, US, at the end of this week.

The company has over 20 overseas offices and studios in Tokyo, Mumbai and the UK.

"We expect to get $300-400-million in topline over the next three-years, and every year after that we intend to keep doubling it," Tata Elxsi Managing Director Madhukar Dev told reporters here.

"We would open more centres in other parts of the world depending on the work-flow coming in from the US and Europe," Dev said.

The company which employs around 3,000 people, is currently working on five feature films for Yashraj Films and UTV Motion Pictures. The company is also executing a few animation projects and has a project pipeline till July, he said.