Mincom appoints US firm as India representative

Australia-based Mincom Limited, a global IT business solutions company specialised in mining, transport and infrastructure sectors, will be operating in India through the US-based iServceGlobe for product marketing as well as consulting.

Announcing this here today, Mike Evans, managing director, Mincom Limited, South Africa, said the company's software products are very much relevant here as the challenges being faced by these asset intensive sectors are similar to both Africa and India.

According to Mike, the company has 17 of the top 20 companies in mining as its clients and it also commands equally strong client-base in logistics and infrastructure also. He said that the company would first train and assist iServiceGlobe in product implementation and consulting before leaving the entire service operations to its Indian partner.

Srini Katta, president and CEO of iServiceGlobe, which has ambitious plans to increase its revenues to $ 100 million from the present $10 million, mainly coming from US operations, said they were planning to invest close to $50 million in its India operations located in Hyderabad.

"We will raise the required funds through private placement and also plan to go in for pulic issue in the next 15 months," Srini told the media.