Mid-sized software services firm MindTree, which completed 10 years on Tuesday, will come up with newer strategies as it aims to achieve over $1 billion in revenues by March, 2014. The company, which counts steel-maker Arcelor Mittal and Swedish truckmaker Volvo among its top customers, will be focusing on areas like energy, defence and healthcare. The firm is also targeting newer geographies like Japan.
“We are making strategic investment in defence, working along with DRDO and focusing on areas which deal with the surveillance space. There isn’t much revenue contribution right now, but the potential in long run is great” , said S Janakiraman, president and CEO, R&D services and one of the 10 co-founders of MindTree. MindTree is also building video surveillance , analytics solutions and new telemedicine solutions for the burgeoning rural healthcare market. “We recently had a major win from an Apac telecom firm and an European consumer appliance company. The size of the contracts is worth $5-6 million”, he said.
Mr Janakiraman said that MindTree will be the fastest growing company once the recovery happens as they are making more investments for innovations. “The 15% salary cut of 200 employees out of 8,000 will be immediately restored once business picks up”. MindTree has also bagged a contract for IT services from Swift, the financial messaging provider, and has plans to tap energy sector.
“We have put the team in place and are talking to large energy companies in Europe and the US,” said Anjan Lahiri, president and CEO, IT services and one of the co-founders of MindTree.
Agencies
Showing posts with label DRDO. Show all posts
Showing posts with label DRDO. Show all posts
Friday, August 21, 2009
Friday, June 12, 2009
Why are IITians queuing up for PSU & defense jobs?
Call it an effect of sixth pay commission or recession. For the first time ever, 12 percent of the total recruitment at the Defence Research and Development Organization (DRDO) has been from the topnotch IITs of India. Every year, DRDO recruits 500 scientists for all of its 52 labs. This year, 60 of them have been from IITs.
In previous years, all the labs of the organization would manage to recruit one or two engineering graduates from the premier institutes. DRDO human resource officials told Times of India, "After the sixth Pay Commission, the pay, packages and promotion schemes were more streamlined and so was career growth. The scientists no longer have to wait for vacancies to get promotions. Plus, the allotment for awards for the scientists has increased to Rs 2 crore annually, double the allotment last year."
Sources said, "Seeing the economic scenario, IITians have flocked to the defence organization this year."
DRDO mainly recruits employees through a common scientist entry test and through campus recruitment across 40 campuses, IITs, central universities and others. The IITians were primarily recruited through the latter. The tag of IIT does not give any weightage in this recruitment process.
In another trend, 30 Non-Resident Indians (NRIs) were also recruited in 2008, of the 150 applicants. Most were to scientist D and E categories, some to science fields and engineering areas of R&D.
The DRDO also has the ROSSA scheme in place now. About 40 scientists, fresh PhD holders, were taken in under the 'registration of students with scholastic aptitudeï' scheme.
Even those who left DRDO for private sector are coming back. About 20 scientists are in line to be placed back.
Agencies & TOI
In previous years, all the labs of the organization would manage to recruit one or two engineering graduates from the premier institutes. DRDO human resource officials told Times of India, "After the sixth Pay Commission, the pay, packages and promotion schemes were more streamlined and so was career growth. The scientists no longer have to wait for vacancies to get promotions. Plus, the allotment for awards for the scientists has increased to Rs 2 crore annually, double the allotment last year."
Sources said, "Seeing the economic scenario, IITians have flocked to the defence organization this year."
DRDO mainly recruits employees through a common scientist entry test and through campus recruitment across 40 campuses, IITs, central universities and others. The IITians were primarily recruited through the latter. The tag of IIT does not give any weightage in this recruitment process.
In another trend, 30 Non-Resident Indians (NRIs) were also recruited in 2008, of the 150 applicants. Most were to scientist D and E categories, some to science fields and engineering areas of R&D.
The DRDO also has the ROSSA scheme in place now. About 40 scientists, fresh PhD holders, were taken in under the 'registration of students with scholastic aptitudeï' scheme.
Even those who left DRDO for private sector are coming back. About 20 scientists are in line to be placed back.
Agencies & TOI
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