Aftek Infosys likely to consolidate operations

Aftek Infosys, an enterprise wide business management solutions company, is exploring the possibility of consolidating its operations.

Ranjit Dhuru, chairman and managing director of Aftek Infosys, said, "We may look at integrating the different companies under one company. All the companies have stabilised and grown their businesses but they will have to achieve certain milestones."

The process is likely to be completed by 2006. Aftek has subsidiaries in Germany, US and UK. The company's largest market is the US contributing 55 per cent to its kitty followed by Europe 35 per cent, Japan with 6 per cent and remaining from the Indian market.

The company is also looking at integrating its joint ventures with self. Towards this, the company may look at consolidating its holding in the joint venture companies.

It holds a 49 per cent equity stake in the Munich-based Arexera Information Technologies GmbH. Aftek picked up the 49 per cent stake for euro 8.86 million. It also retains the right to acquire the entire 100 per cent equity in the company.

Arexera has experience in the development of innovative technologies and complex solutions in the fields of knowledge management, data compression and content management.

While Opdex Inc (formerly know as Aftek Infosys USA Inc) is a wholly owned subsidiary of Aftek Infosys Ltd.

The American subsidiary headquartered in California delivers software that helps major corporations manage their business and operations more effectively.

In the UK, Aftek has floated a joint venture Aftek 3G Tel where it has a 50 per cent stake. In this firm, the key partner is the chief technologist of Hutchison Whampoa. This firm is in talks with Motorola and Nokia for productising most of the patents in the 3G space service, Dhuru said.

As part of its spread plans, Dhuru pointed out that the "The company has grown its business overseas and is planning to acquire US based companies specialising in the power infrastructure management segment. We have identified two or three companies as possible targets."

However, Dhuru refused to divulge further details citing confidentiality reasons.