Aftek Infosys outlays Rs 75 crore capital expenditure this fiscal
By Sajeev Nair | 26 Sep 2003
Mumbai: Aftek Infosys will outlay around Rs 70-75 crore as capital expenditure for the current fiscal, mainly for its software development and expansion plans. Of that amount Rs 35 crore will be used for centralising the IT major's operations in Pune. The company will also use a part of the capex to expand its operations into Germany and the UK. Aftek's operations in Pune are spread across seven locations. This will be centralised at one location, which will house Aftek's administrative office, says chairman and CEO Ranjit Dhuru. "The centralisation of Pune operations will be over by early next year. This will help in saving time and will speed up client visits and product developments."
The company is also eyeing a joint venture with a UK firm to develop Internet protocol based solutions for wireless and mobile technology. "We have earmarked around 2.75 million pounds for the venture."
Aftek intends to hike its marketing spend in the US and the UK, and will stress more on marketing its software products, Powersafe and Jadoogar, says Dhuru. "We are also planning to expand into Germany, either through acquisitions or partnerships, but nothing has been finalised as of now."
