Omnitech setting up centre in Pune

By siliconindia   |   Wednesday, 04 July 2007, 19:30 IST
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Mumbai: Omnitech Infosolutions, an Info-tech services firm is planning to set up a technology centre at Hinjewadi, Pune. "We intend to set up a 3,00,000 sq ft facility that will comprise an NOC (network operating centre), POC (proof of concept) centre, data management centre, disaster recovery centre and software development labs," Atul Hemani, Omnitech's Managing Director, told Business Line. According to sources, it will cost about Rs 75 crore for setting up the centre. As a part of the project, to set up the disaster recovery centre, the company is planning to tap the capital market and use about Rs 7 crore of the funds raised. Late last year, Omnitech has already filed the draft red herring prospectus with the Securities and Exchange Board of India. According to Hemani, they will raise Rs 40 crore through the initial public offer which will open on July 19. Omnitech that provides services in infrastructure management, software development and software testing will spend about Rs 20 crore for acquiring companies in the areas of software testing and infrastructure management. The company will spend about Rs 10 crore in setting up overseas offices and enhancing the company's existing infrastructure. By the third quarter of fiscal year 2008, the first phase of the new centre (about 70,000 sq feet) would be ready, while the entire set up would be ready by fiscal 2010.