- Plans Organic Growth in CPG, Manufacturing, Travel & Hospitality and BFSI Verticals -
- M&A Strategy To Grow, Partner, Acquire -

Mumbai, February 16, 2006: ITC Infotech, the USD 60 Million fully owned subsidiary of ITC Limited, today announced its expansion plans on the sidelines of the NASSCOM Global Leadership Awards. The Company has announced ambitious targets in both top line and staff numbers through organic and M&A growth to attain a top slot in the Indian IT Outsourcing space.

Sanjay Verma, Managing Director, ITC Infotech, speaking at the global leadership awards, said, "We are targeting at being in one of the top slots in the Indian IT Outsourcing space". He further added, "We have a unique advantage in the market due to our strong domain-related intellectual property that has in part been bequeathed to us by our parent, ITC Limited, a market leader in many businesses. We see this as a strategic advantage for rapid organic growth both in top line and staffing numbers".

Speaking on the ITC Infotech M&A strategy, Verma further added, "While we will grow organically in the business vertical mandate we have set ourselves, we will also look at acquiring or partnering with mid-size players that bring complementary culture and vertical strengths, and addresses their need for an offshore advantage".

ITC Infotech offers its clients a global delivery platform, which operates 24X7X365 across centers in North America, Europe and Asia Pacific. The Company emphasizes equally on people and infrastructure for delivering unparalleled services that guarantee quality, business continuity and consistency along with cost savings to its clients globally. While ITC's Infotech's enterprise range of technology capabilities and world class quality processes form the foundation of its world-class IT service strength, sharp domain focus ensures that IT and ITeS delivery always places business needs ahead of technology. The ITC Infotech global delivery capability is created, matured and managed across key technology practices. Alliances with leading platform and product majors ensure that ITC Infotech is consistently on par with the best in Industry.

The Company has set up Technology Centers of Excellences (CoEs) that incubate cutting-edge technical competencies by creating Proofs-of-Concept (POCs) and prototypes. These Technology Practices drive forward and establish delivery capabilities across domain-centric business practices. These include Customer Relationship Management, Enterprise Resource Planning, Web Technologies, Business Intelligence, Infrastructure Services, Testing Services and Emerging Technologies.