Gemini Communications expects 30-35% revenue growth in FY12

Upbeat on the growth in the IT and telecom sector, leading system integration solutions and services provider, Gemini Communications, is expecting a 30-35 per cent growth in its revenues this fiscal (2011-12), a senior company official said.

"IT and telecom are two sectors which are showing a tremendous growth prospects. We believe we have a huge opportunity to grow our business in these sectors. We expect a 30-35 per cent growth in revenues in FY 12," said, Pradhyumna Venkat, CEO- RFID, Gemini Communications.

The BSE-listed company, which operates in four business lines including system integration, telecom, enterprise application and energy and utilities, had clocked Rs 528.57 crore revenue in FY 11.

 

"There is a continuous growth of telecom and wireless services in India, especially with the launch of 3G and increase in mobile broadband services. We are uniquely positioned to leverage our expertise in providing planning, deployment and maintenance services for equipment manufacturers and operators," he said.

Gemini has recently forayed into the 4G space by launching PointLiTE range of Long Term Evolution (LTE) products and PointMAX 2 range of Worldwide Interoperability for Microwave Access (WiMAX) products. "Presently, major deployments are happening in Asia, Latin America, Europe, China and the Middle East in the 4G space. We are seeing a growth in the 4G space in India as the WiMAX subscriber base is expected to reach 19 million by 2012. To cater to this increasing demand, we will introduce new products in the 4G space," Venkat said. In India, Gemini has already bagged an order for the largest mobile WiMAX network from BSNL. Gemini plans to invest around Rs 100 crore in this fiscal for R&D, sales and marketing and entering new geographies. "Apart from India, we see a huge market evolving in other geographies like Africa and Sri Lanka for telecom and wireless services. We already have our presence in Africa through our 100 per cent subsidiary Rosy Blue Wireless (RBW), which is a leading player in 4G network services," he said.

Apart from the telecom, the company is upbeat on the growth in the IT sector as well. "System integration opportunity is close to Rs 40,000 crore including PC hardware market, servers, network storage, security and services. Also infrastructure consolidation like cloud services, virtualisation, storage and remote operations are likely to attract customers, cutting across industry and size," he said. The current order book position of the company is Rs 375 crore at the beginning of FY12. "We expect orders close to over Rs 250 crore coming in this fiscal from our existing businesses," Venkat added.