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Allied Digital eyes 30% growth in FY11

Allied Digital eyes 30% growth in FY11
PTI
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First Published: Sun, Jan 16 2011. 11 26 AM IST
Updated: Sun, Jan 16 2011. 11 26 AM IST
Mumbai: Information technology services provider Allied Digital Services (ADSL) is looking up to 30% growth both in profit as well as revenue during the current financial year, a top company executive has said.
“In line with our yearly growth, this fiscal also we are expecting to clock about 25-30% growth both in our topline as well as in bottomline,” ADSL chairman and managing director Nitin Shah said.
The Mumbai-based company had clocked a revenue of Rs 673 crore and a profit of Rs 97.4 crore in 2009-10.
ADSL provides a range of IT infrastructure services and solutions, including managed services and physical and information security solutions, to leading domestic and global companies.
After registering its present in Australia, West Asia and the US, it is now looking to enter the European market through partnership.
“We are already in talks with few companies in the UK for partnership. After establishing ourselves in the UK we will venture into other countries in the continent,” he said.
ADSL employs over 3,500 people and is all set to increase its manpower by 15-20% by FY12, Shah said.
The company recently set up a joint venture called Allied e-Cop with Singapore’s e-Cops which will exclusively cater to the managed security services business.
“The global managed security services solutions segment is worth about $4.5 billion and we are aiming to garner $50 million revenue from our JV, Allied e-Cop, in next five years,” Shah said.
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First Published: Sun, Jan 16 2011. 11 26 AM IST