To double order book by next year: Omnitech Info Solutions

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To double order book by next year: Omnitech Info Solutions

In an interview with CNBC-TV18, Atul Hemani, Managing Director of Omnitech Info Solutions, spoke about his outlook for the company.

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Excerpts from Markets Midday on CNBC-TV18 Watch the full show » ALSO READ See latest News about Omnitech Infosolutions See previous management interviews See what other Experts & Brokerages are saying about Omnitech Infosolutions Omnitech Infoso BSE | NSE 31/05/12 Are Mutual Funds betting on Omnitech Infoso?

In an interview with CNBC-TV18, Atul Hemani, Managing Director of Omnitech Info Solutions , spoke about his outlook for the company.

Here is a verbatim transcript of an exclusive interview with Atul Hemani on CNBC-TV18. Also watch the accompanying video.

Q: Is the software technology park of India (STPI) extension something very important for your company?

A: STPI extension is important for small and medium enterprises especially in IT segment to have a robust growth. After the global economy slowdown when the international customers and newer areas and geographies are opening, STPI benefit should be extended and seamlessly be working along with SEZ layers.

Q: If the breaks are not extended in that case going forward, how much do you think that can impact the numbers?

A: We have already initiated RSS growth plan. It acquired a place in Pune for SEZ. Hence, we are definitely going to go as a natural extension of our business for STPI to SEZ. This kind of disturbance will be causing lot of business challenges to various units. Till 2011, we are covered under STPI units and one year is likely to be enough for us to move to SEZ. However, our existing growth plans will get fueled and it will be robust if we get an STPI extension.

Q: Give us an idea of how business is. What kind of an order book you are looking at for FY11? What revenues visibility do you have at this point in time?

A: We are into business availability and business continuity services. Our major contracts are based on long-term contracts and international focus is mainly in European region currently after the global economy slowdown. We expect to grow organically and inorganically. Currently, we have Rs 120 crore strong order book. We expect this order book to get only double next year. We are expecting a multi-fold growth to come our way in next couple of years because what are we getting is India is rightly poised today for remote infrastructure management services and along with application management services which is where we are leveraging and taking advantage.