Tuesday, 23 December 2014
Thursday, 4 December 2014
Capgemini eyes Bengaluru to house all India operations
BENGALURU: French IT giant Capgemini, with over 40% of its workforce in India, is looking to consolidate its Indian entities into a single holding company. Its consolidated operations are likely to be largely based in Bengaluru where the company is looking for a one-million-sqft office space.
Capgemini operates four entities in India - Capgemini Business Services, Capgemini Consulting India, Capgemini India, Capgemini Consulting India - which are headquartered in Mumbai. When TOI contacted Capgemini on its consolidation drive, the company said: "At this point in time, we've no comments on the legal structure."
The 11-billion-euro technology company has floated a request for proposal for over 1 million sqft of office space in Bengaluru. This is part of the company's consolidation and growth strategy here, said one of the sources privy to the development. The company's annual report last year said that approximately one-third of the office space absorbed by the company globally was located in India.
TOI could not ascertain how much of the new space being leased was creation of fresh capacity and how much was part of consolidation of some existing facilities.
"As part of our expansion, we're looking at expanding in several cities in India as well as in Bengaluru. We've increased our campus recruitment and we will continue to do so this year too," the company spokesperson said. Earlier this year, the company said its headcount in India had crossed 50,000. Company CEO Paul Hermelin had said on a visit to Bengaluru that the French IT firm was reporting robust growth figures of 15%-16% in India, compared with 3% in France.
Capgemini has employees in nine cities - Mumbai, Pune, Gurgaon, Bengaluru, Hyderabad, Chennai, Trichy, Salem and Kolkata.
The company, which provides technology and outsourcing services across government and public sectors, energy and utilities, telecom and financial services sectors, has been one of the most aggressive among IT MNCs in using India as an offshoring location. As of the September quarter, the company had 1.41 lakh employees. The India headcount is expected to rise to 70,000 by 2016. http://timesofindia.indiatimes.com/tech/tech-news/Capgemini-eyes-Bengaluru-to-house-all-India-operations/articleshow/45366974.cms
BENGALURU: French IT giant Capgemini, with over 40% of its workforce in India, is looking to consolidate its Indian entities into a single holding company. Its consolidated operations are likely to be largely based in Bengaluru where the company is looking for a one-million-sqft office space.
Capgemini operates four entities in India - Capgemini Business Services, Capgemini Consulting India, Capgemini India, Capgemini Consulting India - which are headquartered in Mumbai. When TOI contacted Capgemini on its consolidation drive, the company said: "At this point in time, we've no comments on the legal structure."
The 11-billion-euro technology company has floated a request for proposal for over 1 million sqft of office space in Bengaluru. This is part of the company's consolidation and growth strategy here, said one of the sources privy to the development. The company's annual report last year said that approximately one-third of the office space absorbed by the company globally was located in India.
TOI could not ascertain how much of the new space being leased was creation of fresh capacity and how much was part of consolidation of some existing facilities.
"As part of our expansion, we're looking at expanding in several cities in India as well as in Bengaluru. We've increased our campus recruitment and we will continue to do so this year too," the company spokesperson said. Earlier this year, the company said its headcount in India had crossed 50,000. Company CEO Paul Hermelin had said on a visit to Bengaluru that the French IT firm was reporting robust growth figures of 15%-16% in India, compared with 3% in France.
Capgemini has employees in nine cities - Mumbai, Pune, Gurgaon, Bengaluru, Hyderabad, Chennai, Trichy, Salem and Kolkata.
The company, which provides technology and outsourcing services across government and public sectors, energy and utilities, telecom and financial services sectors, has been one of the most aggressive among IT MNCs in using India as an offshoring location. As of the September quarter, the company had 1.41 lakh employees. The India headcount is expected to rise to 70,000 by 2016. http://timesofindia.indiatimes.com/tech/tech-news/Capgemini-eyes-Bengaluru-to-house-all-India-operations/articleshow/45366974.cms
Sunday, 19 October 2014
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Sunday, 14 September 2014
Andhra Pradesh eyes defence, aerospace investments
VISAKHAPATNAM: With neighbour Telangana stealing a march on it in attracting investments in defence and aerospace sectors, the Andhra Pradesh government is now planning a separate policy to woo private investors in these two crucial areas.
According to sources, while the industrial policy will focus on providing land and single window clearance system among others, a comprehensive defence and aerospace policy will be formulated after consultations with stakeholders.
AP industries commissioner Rajat Kumar said, "The government has identified a few thrust areas and defence and aerospace sectors are among them."
Keeping in mind that the defence and aerospace sectors are niche areas requiring huge investments, sources said the government has already held talks with the Confederation of Indian Industry (CII) Andhra Pradesh for seeking its inputs for formulating a policy.
According to industry sources, a meeting was also held to gather inputs from various agencies including officials of Eastern Naval Command (ENC), Defence Research Development Laboratory (DRDL) and Indian Space Research Organisation (ISRO) in the city recently.
Industry sources pointed out that with the ENC and Satish Dhawan Space Centre-Sriharikota Range (SHAR) located in the state, the Vizag-Chennai corridor would be ideal for attracting private investments in the defence and aerospace sectors.
Another industry source said, "Even the central government is keen on indigenizing manufacturing in the defence sector. So the AP government can capitalise on this by inviting defence companies to the state by providing them with the necessary infrastructure and incentives. Moreover, with organisations like SHAR in the state, the government can help private players set up units for assembling defence and aerospace equipment. This can ease logistical issues for defence establishments."
"Aerospace and defence industries are high technology areas, and the rapid technological advancements will only make them even more high-tech. Considering this, AP government can focus more on promoting investments in design, manufacturing and testing of electronic components that go into the making of aircraft and other systems. This will enable AP as well as the country capture the growing global aerospace and defence market which is currently pegged at over $800bn," said co-founder of Sankhya Technologies, Murali Bulusu.
According to sources, while the industrial policy will focus on providing land and single window clearance system among others, a comprehensive defence and aerospace policy will be formulated after consultations with stakeholders.
AP industries commissioner Rajat Kumar said, "The government has identified a few thrust areas and defence and aerospace sectors are among them."
Keeping in mind that the defence and aerospace sectors are niche areas requiring huge investments, sources said the government has already held talks with the Confederation of Indian Industry (CII) Andhra Pradesh for seeking its inputs for formulating a policy.
According to industry sources, a meeting was also held to gather inputs from various agencies including officials of Eastern Naval Command (ENC), Defence Research Development Laboratory (DRDL) and Indian Space Research Organisation (ISRO) in the city recently.
Industry sources pointed out that with the ENC and Satish Dhawan Space Centre-Sriharikota Range (SHAR) located in the state, the Vizag-Chennai corridor would be ideal for attracting private investments in the defence and aerospace sectors.
Another industry source said, "Even the central government is keen on indigenizing manufacturing in the defence sector. So the AP government can capitalise on this by inviting defence companies to the state by providing them with the necessary infrastructure and incentives. Moreover, with organisations like SHAR in the state, the government can help private players set up units for assembling defence and aerospace equipment. This can ease logistical issues for defence establishments."
"Aerospace and defence industries are high technology areas, and the rapid technological advancements will only make them even more high-tech. Considering this, AP government can focus more on promoting investments in design, manufacturing and testing of electronic components that go into the making of aircraft and other systems. This will enable AP as well as the country capture the growing global aerospace and defence market which is currently pegged at over $800bn," said co-founder of Sankhya Technologies, Murali Bulusu.
Saturday, 23 August 2014
Mahindra, GE Aviation ink pact for aerostructure manufacturing
New Delhi: India's Mahindra Aerospace and GE Aviation have signed a pact for co-operation in manufacturing of aerostructures.
A memorandum of understanding has been signed between GE Aviation, Hamble the Aerostructures business of GE Aviation, and Mahindra Aerospace at the Farnborough Airshow 2014.
The agreement will enable GE Aviation, Hamble to define possibilities for placing existing work and to collaborate on new opportunities with Mahindra Aerospace, Mahindra group said in a statement.
Commenting on the partnership, Stefanie Darlington, Sourcing Leader for GE Aviation's Aerostructures business said collaboration with Mahindra Aerospace will create additional manufacturing capacity with a strategically important and cost-effective partner, who has already demonstrated its capabilities in metallic aerostructures for a range of aircraft applications.
"It will further expand our international supply chain and help enable GE Aviation, Hamble to meet its growth, delivery and cost goals," Darlington added.
Mahindra Aerospace Executive Director and CEO Arvind Mehra said the company was looking forward to establishing a highly beneficial cooperation with GE Aviation, combining the capabilities of two established companies, each bringing their own expertise to the collaboration.
Mahindra Aerospace, founded in 2007, extended the Mahindra Group's automotive design and manufacturing expertise to the aerospace industry.
It had acquired several companies such as Aerostaff Australia and Gipps Aero which had design and manufacturing experience to strengthen its capabilities in low-cost production.
GE Aviation, Hamble is part of GE Aviation's Structures operation, with its headquarters and primary production facility at Hamble-le-Rice in Southampton, Hampshire, UK.
GE Aviation is a world-leading provider of jet and turboprop engines, components, aerostructures, nacelles and integrated systems for commercial, military, business and general aviation aircraft.
A memorandum of understanding has been signed between GE Aviation, Hamble the Aerostructures business of GE Aviation, and Mahindra Aerospace at the Farnborough Airshow 2014.
The agreement will enable GE Aviation, Hamble to define possibilities for placing existing work and to collaborate on new opportunities with Mahindra Aerospace, Mahindra group said in a statement.
Commenting on the partnership, Stefanie Darlington, Sourcing Leader for GE Aviation's Aerostructures business said collaboration with Mahindra Aerospace will create additional manufacturing capacity with a strategically important and cost-effective partner, who has already demonstrated its capabilities in metallic aerostructures for a range of aircraft applications.
"It will further expand our international supply chain and help enable GE Aviation, Hamble to meet its growth, delivery and cost goals," Darlington added.
Mahindra Aerospace Executive Director and CEO Arvind Mehra said the company was looking forward to establishing a highly beneficial cooperation with GE Aviation, combining the capabilities of two established companies, each bringing their own expertise to the collaboration.
Mahindra Aerospace, founded in 2007, extended the Mahindra Group's automotive design and manufacturing expertise to the aerospace industry.
It had acquired several companies such as Aerostaff Australia and Gipps Aero which had design and manufacturing experience to strengthen its capabilities in low-cost production.
GE Aviation, Hamble is part of GE Aviation's Structures operation, with its headquarters and primary production facility at Hamble-le-Rice in Southampton, Hampshire, UK.
GE Aviation is a world-leading provider of jet and turboprop engines, components, aerostructures, nacelles and integrated systems for commercial, military, business and general aviation aircraft.
PTI
First Published: Friday, July 18, 2014, 13:44
First Published: Friday, July 18, 2014, 13:44
Sunday, 27 July 2014
Autoparts Billionaire Kalyani Seeks Growth in Aerospace
Autoparts Billionaire Kalyani Seeks Growth in Aerospace
Bharat Forge Ltd. (BHFC), India’s second-biggest autoparts maker, is seeking approvals from agencies in Europe and North America to sell components for the aerospace industry as it looks to protect itself against cyclical slumps in the automobile sector.
The company, controlled by billionaire Baba Kalyani, has applied for technical permits, Chief Financial Officer Sanjeev Joglekar said. It expects to start manufacturing the parts “two to three years down the line,” he said.
“We are in the process of getting various accreditations which are required as a supplier,” Joglekar said in a telephone interview from his office in Pune near Mumbai, where Bharat Forge is based. “This is a substantially lengthy process.”
Bharat Forge, which supplies crankshafts, axles and steering knuckles to Daimler AG and Toyota Motor Corp., is seeking to make parts such as landing gear for Airbus Group NV and Boeing Co. after passenger vehicle sales in India fell for the first time in a decade. Signs of a recovery in vehicle demand in the U.S. and Europe have helped its shares more than double this year, making it the best performer among 83 global metal casting and fabricators in a Bloomberg index.
“The non-automotive sector takes you into defense and engineering which are strong performing sectors,” said Mitul Shah, an analyst at Karvy Stock Broking Ltd. in Mumbai, who recommends buying the stock. “The U.S. and Europe have been growing for the last one and a half quarters and we expect a recovery in domestic commercial vehicle sales next year.”
Among the key target sectors for Bharat Forge in the non-automotive segment are the aerospace and oil & gas industries, according to a research report published by Credit Suisse Group AG on July 7.
The company plans to generate $100 million each from energy, transportation and construction, and expects to more than double the revenue from these non-automotive segments to $500 million in four years, Credit Suisse analysts Jatin Chawla and Akshay Saxena wrote in the report.
“There are opportunities,” Joglekar said, referring to the projections in the report. “We are capable of generating it, but we can’t say it is our target.”
The auto sector accounted for about 60 percent of Bharat Forge’s revenue last fiscal year, while exports generated 65 percent, according to data compiled by Bloomberg.
Revenue from the non-auto segment is likely to surpass that from the auto industry in about three to four years, Rajinder Singh Bhatia, chief executive officer of the aerospace unit at Bharat Forge, said in an interview in Mumbai separately. The company is looking at partnerships with manufacturers such as Boeing, Safran SA and Rolls-Royce Holdings Plc, he said.
“It is always a tough journey to qualify, but once you are there, you are in it for a very long time,” he said.
Bharat Forge, incorporated in 1961, first began commercial production in 1966 and started exports to Europe in 1985. It later expanded its markets to Japan, the U.S. and the U.K. after India opened its economy to foreign investors in 1991, according to the company’s website.
The Kalyani Group is engaged in infrastructure development in India and has plans for a special economic zone in Pune, according to the group’s website.
Bharat Forge’s net income more than doubled in the three months ended March 31 to 1.2 billion rupees ($20 million), beating the 950 million-rupee median of 13 analysts’ estimates compiled by Bloomberg. The company may report a 1.2 billion rupee profit in the quarter ended June when it announces its results July 30. Of the 34 analysts tracking the company, 23 recommend buying the stock.
The company, which plans to invest 1.5 billion rupees in the year that began April 1, is currently utilizing about 70 percent of its capacity, Joglekar said.
“Since there’s still headroom, we don’t have major capex plans,” he said. “Depending on the overall demand we see, capacity utilization should improve.”
The company, controlled by billionaire Baba Kalyani, has applied for technical permits, Chief Financial Officer Sanjeev Joglekar said. It expects to start manufacturing the parts “two to three years down the line,” he said.
“We are in the process of getting various accreditations which are required as a supplier,” Joglekar said in a telephone interview from his office in Pune near Mumbai, where Bharat Forge is based. “This is a substantially lengthy process.”
Bharat Forge, which supplies crankshafts, axles and steering knuckles to Daimler AG and Toyota Motor Corp., is seeking to make parts such as landing gear for Airbus Group NV and Boeing Co. after passenger vehicle sales in India fell for the first time in a decade. Signs of a recovery in vehicle demand in the U.S. and Europe have helped its shares more than double this year, making it the best performer among 83 global metal casting and fabricators in a Bloomberg index.
“The non-automotive sector takes you into defense and engineering which are strong performing sectors,” said Mitul Shah, an analyst at Karvy Stock Broking Ltd. in Mumbai, who recommends buying the stock. “The U.S. and Europe have been growing for the last one and a half quarters and we expect a recovery in domestic commercial vehicle sales next year.”
Non-Auto Opportunities
The company will focus more on exporting aerospace components, though it will also make some parts for the domestic industry, Joglekar said.Among the key target sectors for Bharat Forge in the non-automotive segment are the aerospace and oil & gas industries, according to a research report published by Credit Suisse Group AG on July 7.
The company plans to generate $100 million each from energy, transportation and construction, and expects to more than double the revenue from these non-automotive segments to $500 million in four years, Credit Suisse analysts Jatin Chawla and Akshay Saxena wrote in the report.
“There are opportunities,” Joglekar said, referring to the projections in the report. “We are capable of generating it, but we can’t say it is our target.”
Demand Slump
Passenger vehicle sales in India climbed for a second month in June, signaling a pick up in demand in Asia’s third-biggest car market. Deliveries declined 6.1 percent to 2.5 million units in the year ended March 31, the biggest drop since 2002. Truck deliveries fell for a second straight year.The auto sector accounted for about 60 percent of Bharat Forge’s revenue last fiscal year, while exports generated 65 percent, according to data compiled by Bloomberg.
Revenue from the non-auto segment is likely to surpass that from the auto industry in about three to four years, Rajinder Singh Bhatia, chief executive officer of the aerospace unit at Bharat Forge, said in an interview in Mumbai separately. The company is looking at partnerships with manufacturers such as Boeing, Safran SA and Rolls-Royce Holdings Plc, he said.
“It is always a tough journey to qualify, but once you are there, you are in it for a very long time,” he said.
Profit Doubles
Shares of the company have surged 116 percent this year to 708.45 rupees in Mumbai, compared with a 23 percent advance in the benchmark S&P BSE Sensex (SENSEX) index. The market value of the company is about $2.7 billion, according to data compiled by Bloomberg.Bharat Forge, incorporated in 1961, first began commercial production in 1966 and started exports to Europe in 1985. It later expanded its markets to Japan, the U.S. and the U.K. after India opened its economy to foreign investors in 1991, according to the company’s website.
The Kalyani Group is engaged in infrastructure development in India and has plans for a special economic zone in Pune, according to the group’s website.
Bharat Forge’s net income more than doubled in the three months ended March 31 to 1.2 billion rupees ($20 million), beating the 950 million-rupee median of 13 analysts’ estimates compiled by Bloomberg. The company may report a 1.2 billion rupee profit in the quarter ended June when it announces its results July 30. Of the 34 analysts tracking the company, 23 recommend buying the stock.
The company, which plans to invest 1.5 billion rupees in the year that began April 1, is currently utilizing about 70 percent of its capacity, Joglekar said.
“Since there’s still headroom, we don’t have major capex plans,” he said. “Depending on the overall demand we see, capacity utilization should improve.”
Saturday, 28 June 2014
Soon, Boeing spacecraft to send astronauts in space
Soon, Boeing spacecraft to send astronauts in space
Zee Media Bureau
Washington: Boeing is entering into a new domain of space-bound flight operations. Boeing has unveiled a mock up of the interior of their new Crew Space Transportation (CST-100) vehicle that will be used to astronauts into space in the coming years.
This capsule is funded by NASA as part of its 'Commercial Crew Integrated Capability' initiative, is designed to transport crew and cargo to low-earth orbit.
The spacecraft will be used to take astronauts to the International Space Station (ISS).
“We are moving into a truly commercial space market and we have to consider our potential customers - beyond NASA,” Chris Ferguson, Boeing director of crew and mission operations for the commercial crew programme was quoted as saying.
Boeing, along with partner Bigelow Aerospace, recently showcased the future commercial interior of the spacecraft.
The CST-100 is designed to carry a crew of seven people into orbit to the ISS. The seats are lightweight and plastic to keep the weight of the capsule down and also has large number of windows.
It is in direct competition with SpaceX's manned Dragon capsule and Sierra Nevada's Dream Chaser space plane, all of which are vying to be the first private company to take humans into space.
Washington: Boeing is entering into a new domain of space-bound flight operations. Boeing has unveiled a mock up of the interior of their new Crew Space Transportation (CST-100) vehicle that will be used to astronauts into space in the coming years.
This capsule is funded by NASA as part of its 'Commercial Crew Integrated Capability' initiative, is designed to transport crew and cargo to low-earth orbit.
The spacecraft will be used to take astronauts to the International Space Station (ISS).
“We are moving into a truly commercial space market and we have to consider our potential customers - beyond NASA,” Chris Ferguson, Boeing director of crew and mission operations for the commercial crew programme was quoted as saying.
The CST-100 is designed to carry a crew of seven people into orbit to the ISS. The seats are lightweight and plastic to keep the weight of the capsule down and also has large number of windows.
It is in direct competition with SpaceX's manned Dragon capsule and Sierra Nevada's Dream Chaser space plane, all of which are vying to be the first private company to take humans into space.
First Published: Tuesday, May 06, 2014, 14:11
Tag: Boeing spacecraft, Astronauts, Space, Crew Space Transportation, CST-100, ISS, NASA, Bigelow Aerospace, SpaceX`s Dragon capsule, Sierra Nevada`s Dream Chaser,Aviotrix Technical Publication, Aviotrix
http://zeenews.india.com/news/space/soon-boeing-spacecraft-to-send-astronauts-in-space_930093.html
Thursday, 19 June 2014
Aviation Could Be The Next Best Big Thing
BANGALORE: When US-based ThoughtFocus Technologies quietly bought aircraft component software maker Rayon Technologies last month, it highlighted the growing opportunity for Indian startups to make a mark in the lucrative avionics sector.
Cofounded in 2010 by Yogeeshachar BK, a former employee of AK Aerotek Software, the company had just three global customers but was highly profitable
Cofounded in 2010 by Yogeeshachar BK, a former employee of AK Aerotek Software, the company had just three global customers but was highly profitable
While the low number of clients indicates the difficulty startups have in breaking into the sector, it also shows business from them is much higher.
The fact that the deal was not reported in the media tells the story of the avionics space in India — a lot of action but very little talk.
Avionics, derived from a mish-mash of the words "aviation" and "electronics" , refers to any of the electronic systems inside an aircraft. The sector is becoming attractive as several multinationals outsource their work to India.
"We had offers from other companies as well. It is a very small community," said 38-year-old Yogeeshachar, who also worked at BEL. "ThoughtFocus knew about us and made the best offer ." Rayon and ThoughtFocus declined to reveal financial details. "India was the top place where we could find talent," said ThoughtFocus' cofounder Shylesh Krishnan, 43.
Ten-year-old ThoughtFocus, funded by BlackStone private equity group, designs obstacledetection systems for helicopters and aircraft, including for Boeing and Airbus.
"The biggest advantage we (India) have is a strong software backbone in terms of design and testing of avionics equipment and comparatively lower cost of labour," said John Siddharth, a senior aerospace and defence analyst at research firm Marketsandmarkets , which estimated the size of the Indian market at $150 million (Rs 884 crore).
Setting up in avionics is not easy. It takes at least a year to develop a product and a few more to test it on systems that cost about $1-2 million (Rs 5-10 crore). Then there are several certifications that serve as obstacles to enter this capital intensive industry. Undeterred, young Indian entrepreneurs are lured by the vast opportunity and market.
Some are getting into it by working on projects that are related to avionics, establishing their reliability and then bidding for bigger deals. Kani Selvan, 24, who completed a project at Defence Research and Development Organisation after graduation, cofounded Aviotrix last year to train professionals draft aircraft manuals, which is used by pilots and flight crew.
The entrepreneur convinced 40-year-old Khazafi Khan, who owns software company i-Fact Technologies, to work with him, and has since then trained about 7-10 people every month for 30 days.
"Training is a good way for me to begin, build contacts with both students and industry," said Selvan , who studied aeronautical engineering at Dhanalakshmi Srinivasan College of Engineering in Coimbatore.
These efforts are bearing fruit. The company is in talks with a leading aerospace major to help them draft their manuals. The self-funded company, which plans to get into project development in the sector, is looking at Rs 40 lakh in revenue this year.
The fact that the deal was not reported in the media tells the story of the avionics space in India — a lot of action but very little talk.
Avionics, derived from a mish-mash of the words "aviation" and "electronics" , refers to any of the electronic systems inside an aircraft. The sector is becoming attractive as several multinationals outsource their work to India.
"We had offers from other companies as well. It is a very small community," said 38-year-old Yogeeshachar, who also worked at BEL. "ThoughtFocus knew about us and made the best offer ." Rayon and ThoughtFocus declined to reveal financial details. "India was the top place where we could find talent," said ThoughtFocus' cofounder Shylesh Krishnan, 43.
Ten-year-old ThoughtFocus, funded by BlackStone private equity group, designs obstacledetection systems for helicopters and aircraft, including for Boeing and Airbus.
"The biggest advantage we (India) have is a strong software backbone in terms of design and testing of avionics equipment and comparatively lower cost of labour," said John Siddharth, a senior aerospace and defence analyst at research firm Marketsandmarkets , which estimated the size of the Indian market at $150 million (Rs 884 crore).
Setting up in avionics is not easy. It takes at least a year to develop a product and a few more to test it on systems that cost about $1-2 million (Rs 5-10 crore). Then there are several certifications that serve as obstacles to enter this capital intensive industry. Undeterred, young Indian entrepreneurs are lured by the vast opportunity and market.
Some are getting into it by working on projects that are related to avionics, establishing their reliability and then bidding for bigger deals. Kani Selvan, 24, who completed a project at Defence Research and Development Organisation after graduation, cofounded Aviotrix last year to train professionals draft aircraft manuals, which is used by pilots and flight crew.
The entrepreneur convinced 40-year-old Khazafi Khan, who owns software company i-Fact Technologies, to work with him, and has since then trained about 7-10 people every month for 30 days.
"Training is a good way for me to begin, build contacts with both students and industry," said Selvan , who studied aeronautical engineering at Dhanalakshmi Srinivasan College of Engineering in Coimbatore.
These efforts are bearing fruit. The company is in talks with a leading aerospace major to help them draft their manuals. The self-funded company, which plans to get into project development in the sector, is looking at Rs 40 lakh in revenue this year.
Larger companies, such as Wipro Infrastructure Engineering, Titan Precision Engineering and HCL, entering the fray, spurred by the low costs and increased demand.
"Aerospace is a key business unit within HCL. Along with the talent we have some local ecosystems developed by both private and public institutes to develop avionics grade systems," said GH Rao, president of engineering and R&D Services at HCL Technologies.
Another new entrant Edall Systems, which was originally in the domain of unmanned aerial vehicles, is also slowly expanding to other areas.
"We are in talks with a few companies in Mumbai," said Alvin Anthony, 29-year-old cofounder of the company, which expects to more than triple its topline Rs 1.5 crore this year.
To make the space more accessible, Davalsab Ladammanavar, 24, set up the Aerospace Science Research Foundation in 2011, to enable students and entrepreneurs connect with the who's who of the industry. "I will start my own venture in avionics in a few years," said Ladammanavar. "Once I have a better understanding of the system."
Another new entrant Edall Systems, which was originally in the domain of unmanned aerial vehicles, is also slowly expanding to other areas.
"We are in talks with a few companies in Mumbai," said Alvin Anthony, 29-year-old cofounder of the company, which expects to more than triple its topline Rs 1.5 crore this year.
To make the space more accessible, Davalsab Ladammanavar, 24, set up the Aerospace Science Research Foundation in 2011, to enable students and entrepreneurs connect with the who's who of the industry. "I will start my own venture in avionics in a few years," said Ladammanavar. "Once I have a better understanding of the system."
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We work as a prime implementation and support partner for wide range of aerospace industries and we assure that we will bring significant growth and value to your organization.
Our Project team understands the organization's unique requirements and challenges, and we provide services to meet the specific requirements. The services we provide include the design, analysis, technical documentation and professional training services.
Wednesday, 29 January 2014
Must Read Article indianexpress 27th January 2014
Published: 27th January 2014 08:33 PM
Last Updated: 27th January 2014 08:33 PM
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