IT company Bodhtree consulting today said it expecting to garner around Rs 400 crore revenue and create jobs for up to 1,000 people in next five years.
The company has also announced that it is planning to invest up to Rs 50 crore during the same period.
"Bodhtree Consulting proposes to invest up to Rs 50 crore in the next five years and expected revenues would be at Rs 400 crore with a potential for up to 1,000 jobs," the company said in a statement released to announce its agreement with Andhra Pradesh government to set up facility in Fintech valley.
The company said it has agreed to set up 200 people IT facility in Fintech Vallley located at Visakhapatnam.
"We are delighted to set up our new IT centre in Andhra Pradesh. We are confident that we will expand our footprint in the state with this centre and will be able to cater to the needs of GST of the state and this centre will act as the central back-office for all GST business of Bodhtree," its consulting MD L N Rama Krishna said in the statement.
Bodhtree will expand its other services like enterprise solutions, cloud computing and analytics services from this facility and also develop other software products and services coming for GST suvidha providers.
Headquartered in California, Bodthtree consulting was founded in the year 1998 with offices across North America, Singapore and India.
Shares of Bodhtree consulting today closed at Rs 78.55 a unit, up 5.15 per cent, on BSE.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)