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THE
Bangalore-based Quality Engineering and Software
Technologies Pvt Ltd. (QuEST) has set up a wholly-owned
subsidiary in China to service its global clients, such as
GE, among others, operating in that country.
Incorporated as QuEST Shanghai, the subsidiary is expected
to be operational in January 2004. The company initially
planned to hire about 50 Chinese engineers for its design
and manufacturing support centre, said Mr Aravind Melligeri,
President, QuEST Inc.
QuEST might look at shifting its support centre for
manufacturing vertical to China later, he added.
Meanwhile, the company has bagged a $6 million-a-year deal
from a European aerospace company for developing and
executing engineering designs. QuEST is setting up a
dedicated development centre for this European firm in
Bangalore, he said, adding: "We plan to hire about 50
engineers initially and ramp up the team to 200 in a year's
time."
The company has also tied up with an European engineering
design consultancy firm, INBIS Ltd. to compete for larger
outsource packages across a broad range of industry sectors.
INBIS will act as a front-end for QuEST in the European
market.
"We are initially focussing on the aerospace industry in the
UK, Europe and the US through this partnership," Mr
Melligeri said.
"We expect to put up a team of 50-60 people for INBIS over
six to eight months and are looking at a revenue of $2
million a year from this partnership," he added.
QuEST which counts GE as its top client draws close to 65
per cent of its revenues from the company. "We are
consciously planning to bring down GE's share of revenues
from 65 per cent to 35 per cent this year even while growing
our other business," he said.
The company which clocked revenues of $20 million last year,
expects its earnings to stay flat as it has discontinued its
manufacturing practice. |
