YASH Technologies, the US-based firm, will tap Indian stock exchanges in 2014 after it reached a turnover of $250-300 million.
The company, which registered a turnover of $133 million in 2011, is stepping up its business in India.
The company is looking at doubling staff numbers to 5,000 from the present 2,100 when it announces its IPO plans. It provides solutions in areas such as automotive, life sciences and financial services.
“We are planning to double our workforce by expanding Pune and Indore facilities. We are investing $25 million on this,” Mr Bala Navuluri, Chief Operating Officer of YASH Technologies, said.
New facility
Talking to reporters here on Friday after inaugurating its new facility here, he said the company would recruit 1,000 people in Hyderabad during the next 12-18 months, to take the India strength to 2,500. It employed 600 more outside India.
Besides expanding its Germany presence, the company will set up a dedicated office in the second half of this year. In India, it operates nine centres in Bangalore, Mumbai and Indore. He said the 16-year-old firm had not raised funds so far and depended entirely on internal resources for growth. “We might go for private equity funds prior to the public issue. We have not decided yet on the quantum of funds to be raised,” he said.
Training
He said the company believed in training the students from tier-I and tier-ii cities in select skills such as Java, Microsoft suite and SAP. “At any given point we will be training at least 30 people in a select skill,” he said.