Chennai
The Economic Times The Financial Express
The diversified multi-billion dollar conglomerate Hinduja group, with global presence across 30 countries, unveiled its big plans on Thursday for its engineering and design services company — Defiance Tech.
It is set to ramp up operations, enter more markets and add more industry verticals. It is also looking at setting up a facility in Bangalore.
The Detroit-based Defiance, founded in 1976, was acquired for $17 million by the Hinduja Group in 2007. Its global clientele include 30 of the global\Fortune 500 companies.
It has 1000 resource pool, largely working in the US and Chennai engaged in delivering high-end solutions . Defiance has a 2.40 lakh sq ft facility in Detroit and it is on par with leading OEMs in engineering, IT and manufacturing services space.
The company has appointed a new CEO — Subu D Subramanian (former senior VP, Satyam) — to support the vision of Defiance to emerge as a global market leader in providing integrated engineering, manufacturing and enterprise solutions (EMEs).
He said the company will utilise the strong manufacturing strength of group companies and their domain expertise to offer a comprehensive range of engineering, manufacturing and enterprise services across the industry value chain leveraging global delivery model.
"Our vision is to be recognised as among top ten global players for solution excellence in less than three years in this space. We are targeting to scale up our strength to 5000 and revenue to $ 250 Million during this period", he said.
It will be leveraging its capabilities with a 3-dimensional business approach of integrating technology, global service delivery and domain knowledge, Subramanian said.
The group is looking at expanding the scope of Defiance by taking it beyond engineering. From product testing and validation services and design and engineering services, it has included enterprises services and manufacturing as its thrust areas.
It will widen the area of sectoral focus to include automotive, aerospace, defence, industrial and high-tech and general manufacturing. On the locational front, it would now evaluate opportunities in the Middle East and APAC regions besides US and Europe.
Defiance has 2.40 lakh sq ft facilities in Detroit which is on par with leading OEMs.
Stating that it is not interested to jump into the IT-commodity bandwagon, Subramanian said "we are at the next wave of providing high-value solutions. Our aim is to bring superior value creation for global customers accelerated by innovation and intellectual property creation."
Friday, July 03, 2009
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