Bangalore: Information technology services firm MindTree Ltd on Monday said it would design mobile phones equipped for fast speed Internet access using third generation (3G) technology for overseas vendors, through the India unit of Kyocera Wireless Corp.
MindTree acquired Kyocera’s India unit last week for $6 million, taking in its fold nearly 600 people who were building handsets for the American phone maker. The mid-tier IT firm aims to earn at least $100 million in revenue by 2014 from its Next in mobility division, a unit it created following the acquisition.
“This will be our seventh growth engine, which should contribute at least 10% of our target of $1 billion revenue by 2014,” said Ashok Soota, chairman of MindTree. The firm expects $9 million in revenue from October to March from this unit, he said.