ValueLabs to up headcount, plans campus
Times News Network, Hyderabad, 10 January, 2005.
City-based technology solutions provider ValueLabs is on an aggressive growth path. The company is planning to set up a 30-acre campus, possibly in HiTec City, and increase its headcount to 2,000 employees by the end of next year, ValueLabs chief executive officer Arjun Rao told The Times of India. Work on the proposed campus would begin once its current expansion plans are completed, he said. Though the project details are still being worked out, it is estimated to cost about $7 million.
ValueLabs is currently setting up a 1.5-lakh square feet technology centre in HiTec City and has recently opened a corporate office in Atlanta, US, with an investment of $9 million. Once complete, the technology centre would accommodate close to 1,500 employees, he said. The company hopes to inaugurate the facility by mid-June.
Meanwhile, ValueLabs is on a hiring spree and plans to take its headcount to 2,000 by the end of 2006, Arjun Rao said. The company would stick to the organic growth route as it helps in retaining its core competence, he said.
The expansion plans have been drawn up in the face of increased interest from the US for small and medium software companies, he said. “Any company that has over seven years of offshore experience and over 25 clients is positioned well to work with US firms looking to outsource work. Such companies would see an explosive demand,” Arjun Rao said.
One of the reasons for this optimism is that medium-sized firms can pay required attention to their clients than the big companies, he said. “Smaller companies are much more agile than the bigger ones and can be more responsive to the clients’ requirements. We feel that’s our major advantage,” he explained. Riding on this wave, the company plans to register a 100% year-on-year growth in the next few years. ValueLabs is hoping to double its turnover to $20 million from $10 million registered last year.