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HCC hives off IT division into new unit

HCC hives off IT division into new unit
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First Published: Thu, May 13 2010. 11 04 AM IST
Updated: Thu, May 13 2010. 11 04 AM IST
Mumbai: Hindustan Construction Co has hived off its IT division into a separate firm, Highbar Technologies, to provide services to clients in the infrastructure sector, a top official said on Thursday.
“Our endeavour is to provide end-to-end IT services. Today, we have started with packaged software like SAP’s ERP and other ERP solutions, and we have some specialised solutions for the infrastructure industry,” Highbar Technologies president Satish Pendse told Reuters over phone.
SAP AG is a German company developing enterprise resource planning software.
Highbar Technologies would also look at expanding to the Middle East and Europe, Pendse said.
At present, the Indian market for infrastructure-IT segment is around Rs2, 000 crore and expected to grow to Rs3, 000 crore in five years, he said.
“Our endevour is to gain as much pie of that as possible,” he said, without putting a figure to revenues expected.
HCC has been providing IT services since the last 18-20 months and has 27 customers, he said.
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First Published: Thu, May 13 2010. 11 04 AM IST