Navayuga Info eyes Rs 200cr turnover

Hyderabad-based Navayuga Infotech Private Limited (NIT) is aiming to grow 6-7 times to reach the Rs 200-crore turnover mark in the next 2-3 years. The company was recently certified for Level 4 of the SEI capability maturity model (CMM) quality standards.

Addressing a press conference in connection with the company achieving the CMM Level 4 standards, P Chandrasekhar Reddy, chief executive officer of NIT, said the company had drawn up plans to double its manpower strength every year.

Navayuga Infotech, part of the Navayuga Group, currently employs about 130 people in India and 80 professionals in its US operations.

According to him, NIT has over 10 projects on hand with monthly contracts ranging from $5,000 to $25,000.

The company recently got $8,00,000 worth of contract from the University of Nambia for the development and implementation of a web-based university management system where 50 of its software engineers have been currently deployed.

Earlier, it had executed a turnkey contract for the Government of Kosovo for the development of a payroll management system, funded by the World Bank among others. The company's present turnover is about Rs 35 crore.