Chennai-based Take Solutions is planning to set up new development and support facilities in Tiruchy and Tirunelveli in Tamil Nadu, and plans to invest around Rs 100 crore towards this. The new facilities will come up in the upcoming ELCOT special economic zones (SEZ).
Speaking to Business Standard H R Srinivasan, founder, Take Solutions said the company is in the process of acquiring 10 acres of land, 5 each in each the two SEZs. Each facility will come up in 100,000 sqft and to start with it will house 500 employees in each. He however did not commit any time frame for completing the project.
Both these facilities will support company's plans to forya into Europe and Far Eastern markets, said Srinivasan. During the first quarter of 2008-09 the company's revenue was around Rs 94 crore, of which 65 per cent contributed by the US market and 35 per cent from Asia-Pacific.
Apart from the product developments, including life science and supply chain projects, these facilities will also offer support service to its global clients, he noted.
He noted, this would be the company's maiden facilities in tier-II cities. Both Tiruchy and Tiruneveli have good number of engineering colleges and it would be the good source for human resources, said Srinivasan.
