Tuesday, August 12, 2008

VENTURE INFOTEK EMBARKS ON RS 10-CRORE EXPANSION

Chennai/Hyderabad
Business Standard

Venture Infotek, a Mumbai-based transaction processing and knowledge management company, is investing Rs 10 crore in expanding its infrastructure.

“We are in the process of increasing our electronic data capture (EDC) terminals to 250,000, from the present 120,000, besides increasing the data server capacity to 1.51 terabytes by August this year,” Piyush Khaitan, chairman and managing director of Venture Infotek, told Business Standard.

The company had received $20 million (around Rs 84 crore) from Kubera Cross-Border Fund Limited, an Indian investment company, in November 2007. It plans to utilise part of these funds to finance its expansion, he added.

Venture Infotek, which has its disaster recovery centre in Bangalore, currently employs 330 including 60 technology professional.

The company has an extensive infrastructure for managing payment transactions catering to over 540 towns, cities and other tourist destinations. It would add 200 more centres this year, Khaitan said

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