SILVER
CLUB RANK
(2010-11): 5
Having been
successful in its endeavors and surpassing its growth target, Mumbai
based Omnitech InfoSolutions registered a revenue growth of 46% in
FY11. The company's growth was largely due to their well-planned
strategy of geographic expansion across the globe. Omnitech over the
years has established itself as a competitive player in the country.
In the last fiscal, the company expanded its footprint into newer
frontiers.
Leveraging its
global delivery model to improve profitability, Omnitech expanded
geographically by setting up sales offices in Ahmedabad, Bengaluru,
Chennai, and Hyderabad to penetrate further into domestic market.
Under its global expansion plan, the company laid its foundation in
Hong Kong where it set up a subsidiary. On the other hand, the
company is pursuing inorganic path and has acquired Europe based
Avensus Netherland BV for $9 mn. The company took its BFSI practice
global by acquiring customers not only in India and Far East Asia but
also in Europe. It has also consciously decided to expand its market
reach into domain specific services for pharmaceutical and
healthcare, education and government sectors.
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