Ignis Technology to invest Rs 48 cr in Bhubaneswar campus

Bangalore-based small-sized IT firm Ignis Technology Solutions has shown interest to start a campus in Bhubaneswar with Rs 48 crore investment, which will employ about 700 IT professionals within a span of three years.

“We have been allotted seven acres in the Chandaka Industrial Estate (Infocity 1) and have already got four acres of it. We will soon get the rest of the land after price finalization by Idco (Industrial Infrastructure Development Corporation of Odisha),” Nihar Ranjan Samantara, founder and managing director of the company said.

Ignis will build its Bhubaneswar campus within two years after getting the entire land, he added.

The company has several small campuses in Bangalore, with total employee strength of 300 and has a small office in the United States. It provides IT solutions for media, entertainment and aerospace industry and energy companies. Besides, it offers IT services in health care, mobile application, data management such as cloud computing and financial services.

The company expects Rs 45 crore revenue in the current fiscal as against Rs 37 crore earnings last year. However, it expects to minimise its cost of operation by planning a bigger branch at Bhubaneswar, Samantara said.

“These days almost all IT companies face the challenge of minimising their cost of operation. We hope to do so by setting up a campus in Bhubaneswar, where land and other costs are cheaper than the metros,” he said.

Besides writing codes for its overseas clients, Ignis Technology also plans to partner with state government in creating software for e-governance projects. It has offered to create a web portal for patients treated at Capital Hospital, which can provide access to doctors anywhere in the world to see the medical history of a patient.

“We are planning to do it on a pilot mode for free of cost. If we get success, then we plan to do the project for all medicals in the state,” said Samantara. Besides, Ignis will also plan to enter into e-governance project in tourism, fisheries and other areas in the state.