Monday, November 17, 2008

CA TO EXPAND IN PHARMA, ENERGY AND RETAIL SPACE

New Delhi, November 17, 2008
Business Standard

CA, a Nasdaq-listed IT management software company, said it is planning to expand its business in India in industry verticals like retail, energy and pharmaceuticals.

Currently, the US-based company services the banking, financial services and insurance (BFSI), telecom and government sectors.

The company said it is planning to provide regulatory-compliant and supply chain management solutions to the pharma and healthcare companies.

"Healthcare will give the second largest chunk of revenue," said Pravir Arora, director, business development, on the sidelines of the World Economic Forum-India Economic Summit here.

The company, which invested $30 million in its Hyderabad facility last month, is planning to open another centre there. The research and development (R&D) centre in Hyderabad does 25 percent of the global R&D.

"The company has also received 20 patent ideas from its Hyderabad centre of which six have been filed with the US centre and three are in the process of being approved for filing," said Lokesh Jindal, senior VP and MD, CA India Technology Centre.CA has 1,600 employees in India and plans to add 1,000 more. The company hires 100 freshers every year.

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