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Globsyn bid to diversify

Dasgupta in Calcutta on Friday. Picture by Kishor Roy Chowdhury

Calcutta, June 13: City-based Globsyn Group is looking to diversify its IT business and expand offerings under Globsyn Infotech beyond services related to social and mobile platforms.

The company will enter analytics and cloud services. Plans are also being firmed up to venture into e-commerce with a portal-based business model.

“We are taking a relook at the IT business completely. With the growth in skills it gives us space to work on our IT business. The IT services business is what we do out of Calcutta. We have clients in the US and in Europe, mostly in Norway and Scandinavian countries,”said Bikram Dasgupta, founder and executive chairman of Globsyn Group.

“We are doing a lot of work on mobile and social media. We will be interested to do work in analytics and cloud services. SMAC (social, mobile, analytics and cloud) is where we are focusing on. We have bid for some contracts,” he added.

The Rs 100-crore group also has a payment solutions business in Mumbai in collaboration with a company called Fundtech. This is more of a products business.

At present, IT accounts for about 30-35 per cent of the group’s turnover with a sizeable chunk coming in from the education and skills business.

Meanwhile, Dasgupta has been appointed as the World Bank’s international expert adviser for IT and ITeS, the government of Bangladesh, till 2018.

“We have taken a decision that in services we will only do SMAC (social, mobile, analytics and cloud). We are also contemplating some e-commerce portal- based business that we may launch around October. Work is on. We will come out with something that is highly potential and is new. It is one of the large volume areas, taking advantage of the fact that we are now into retail business thanks to our skills business. We are accessing nearly 200 engineering colleges. The student community we address every year is around 50,000. That is a huge database,” he said.

The primary focus will be to look at the groups IT competence and business to feed the front- end businesses like skills and education. Its skills business is expected to touch Rs 100 crore by 2016 during which time the Globsyn group could have a turnover of close to Rs 150 crore.

Appointment

Dasgupta has been appointed as the World Bank’s international expert advisor for IT and IteS, government of Bangladesh till 2018. The World Bank funded $70 million project has been initiated to help Bangladesh address the international market for IT and IteS services by aiming to create both the supply and demand sides to give a boost to the sector there.

 
 
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