U.S. based Mindlance to hire over 2,500

Monday, 29 March 2010, 09:51 Hrs   |    1 Comments
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U.S. based Mindlance to hire over 2,500
Bangalore: Mindlance, a provider of IT infrastructure services to auto giants such as Toyota, plans to hire over 2,500 employees in India during the next 18 months and move towards making the country its global delivery hub.

The company also plans to acquire mid-sized companies in India in the IT infrastructure space. Talking to Business Line, Kamal Sharma, CEO, Mindlance Group said, "The acquisition deals is expected to be between $50 million and $120 million." He also said that unlike most IT companies which set up their disaster recovery (DC) / business continuity centres (BCP) in metros, Mindlance will set up these centres in tier two cities with one of them in Jaipur.

"We are managing IT infrastructure for some of the global banks out of Bangalore and Delhi. But we will have our DC / BCP sites in tier-II cities for them," added he.

While talking about setting up new software centres in Chennai, Mumbai, Pune and Jaipur by mid-2011, Sharma said, "We are a debt-free company and have enough cash to fund our expansion plans, and also will be adding 550 employees in its Indian operations this year and another 2,000 before the middle of next year."

Currently, it has 250 employees in India. The total strength of its employees is expected to go up to 4,000 across the U.S, UK and India once these recruitments are completed.

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