Cybage starts new facility in GIFT city

— The Hindu Business Line

 

Pune-headquartered IT services player, Cybage Software Pvt Ltd inaugurated its latest facility at the International Financial Services Centre (IFSC) in Gujarat International Finance Tec-City (GIFT City). The company will have a capacity of 300 employees at the newly-built facility.

The technology consulting player specializes in outsourced product engineering services and provides solutions to Independent Software Vendors (ISVs).

The company had reported the overall revenues of about ₹1,000 crore (2018-19) and is looking at growth from its services exports business.

"Business is growing but we need a quick spurt in the demand for satellite centers such as Gandhinagar. We are growing overall at about 17 per cent for 2018-19. We look to employ about 1000 professionals in the next one year," said Arun Nathani, CEO and MD, Cybage.

The company has a total strength of over 6,000 employees, across three development centres-- Pune, Hyderabad, and Gandhinagar and overseas. Its domestic business is less than one per cent of its overall business.

Cybage also acquired an additional 700-seater facility in Pune.

Dipesh Shah, Head – GIFT SEZ said, "This is yet another endorsement of the concept of GIFT City and makes it a preferred destination for the companies such as Cybage."

You can find the article on The Hindu Business Line: https://www.thehindubusinessline.com/companies/cybage-starts-new-facility-in-gift-city/article27093239.ece