Worbus acquires orders worth $1 bn from US

Worbus Management Consultants has bagged outsourcing orders worth more than $1 billion from North America and Europe to be executed in India and China.

The Pune-based company is a division of the American global management consultants, Worbus, which specialises in acquisitions, joint ventures, investment banking and supply chain management.

"At present, we have 50 employees at our Pune office. We will open two more offices at Delhi and Mumbai in six months. We will hike our manpower to 200 by the end of next year," said George Molakal, international director, Worbus.

Worbus has recently concluded a joint venture (JV) between an American precision metal parts conglomerate, Humanetics and Pune-based engineering company, Shree Ganesh.

"We are now looking forward to concentrate on emerging opportunities in global supply chain management (SCM). We are looking at expanding our operations on a larger scale. We have started getting contracts from various offshore companies to provide SCM service. We have recently bagged a contract worth $80 million from a US company working in industrial gears and looking at starting it's operations in the Mumbai-Pune belt," Molakal said.

"Indian companies have good potential for JVs with European and American companies to help them grow into major conglomerates in the dynamic economy of India. In the near future we will see more such deals from the Indian SME sectors. The presence in UK, US, Canada, India, China, and Middle-east is an added advantage to Worbus in serving the SME sector. Owing to this the company can initiate and facilitate several outsourcing orders, strategic alliances and JVs for their Indian clients with a turnover ranging between Rs five crore to over Rs 500 crore," said Molakal.