Teledata to set up chip making facility in South

Chennai-based software major, Teledata Informatics Limited, is planning to set up a chip manufacturing facility in south India.

Company's managing director, K Padmanabhan, said he was currently holding discussions with the state governments of Andhra Pradesh, Karnataka and Tamil Nadu in this regard.

"It will take three to four months to finalise the location," he said, adding that the proposed facility would involve an investment of about Rs 300 crore.

Addressing a press conference here on Saturday, Padmanabhan said the total business offshoring unit (TBO), being set up by Teledata and its subsidiary eSys Technologies in Chandigarh, would be operational by June, this year. TBO was a concept pioneered by eSys.

The Rs 90-crore facility, coming up in over six-acre land, would have a workforce of 500, which would be scaled up to 2,000. Teledata is targeting a turnover of about Rs 450 crore from the new facility during the first year of its operation.

Teledata had recently acquired 51 per cent stake in Singapore-headquartered eSys Technologies for $105 million. The company is also demerging its technology and marine divisions into two separate companies called Teledata Marine Solutions and Teledata Technology Solutions.

Padmanabhan said demerger process would be completed in the next two months following which Vikas Goel, current chairman and managing director of eSys Technologies, would head Teledata Technology Solutions.