Engineering and
design services provider Tata Technologies on Thursday said the company is
targeting a turnover of around Rs 5,400 crore over the next three years from
the present Rs 650 crore.
The company that has
domain expertise in engineering services, said there are lots of opportunities
in the coming years, though the market is small for such businesses right now.
“We have a target of
achieving $1 billion (around Rs 5,400 crore) by financial year 2017 and also
grow our employees by around three fold to 20,000 people from 6,000 employees
right now,” Samir Yajnik, President Global Services and Chief Operating Officer
– Asia-Pacific, Tata Technologies, told Business Line.
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He said India would
be an exciting market for companies like Tata Technologies in the future
because the market is growing in the automotive, aero space and industry
machineries where it has its focus on.
Apart from serving
these three industries in India, he said the company is also looking at
countries such as Russia and China in its automotive and aviation businesses.
“We are looking at
those markets and soon announce something as we will work with one of the
companies each in China and Russia,” he said.
He said though the
company does not manufacture end products, it is engaged with manufacturing
companies in providing end-to-end solutions from product design to their life
cycle management (PLM).
As more and more
companies have grown with the digital tools from what it used to be earlier,
when people used PLM only for capturing the information offline, today they are
making it a necessity with digital analysis and recreating the design and
incorporating manufacturing upfront.
And to do that, the
company has identified many plug and play models, and high impact territories
for its anchor or key accounts (customers), he added.
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