Bahwan CyberTek bets on India to drive its exponential growth

Chennai, October 5, 2006: Bahwan CyberTek Pvt. Ltd. (BCT), a global provider of diverse technology solutions and services announced that it is betting on India to fuel its’ attempt to grow exponentially over the next few years. The company which recently won multi-million dollar long- term contracts including a US$ 500 million (spread over multiple years) project from Petroleum Development of Oman shared that the entire offshore component of its projects will now be driven by the Indian facility. The new projects and the decision to centralize offshore delivery out of India has led to the company opening a new 1.8 lakh sft Global Center of Excellence at the entrance of the IT corridor in Chennai making it one of the easily accessible IT parks in Chennai. Built to global standards, the new center will be built by SAAG R R, a leading contracting company and can house over 1400 professionals. The new center will be ready for occupation by early 2008. Including the investment in the new center, the company shared that its cumulative investments in India till now will exceed Rs.150 crores. The investment will be met through internal accruals and institutional financing, which has since been completed.

Addressing media persons, Shyam Sundar, Sr. Vice-president, BCT Group, said, “The renewed focus and investments in India are due to two factors. The rapid growth of BCT over the past two years which has necessitated the expansion and the success we have had with our existing center in India which is already undertaking work that drives 70% of our global revenues. With the new center and increased responsibilities, it is only logical to expect this contribution to grow further in the years ahead.” “The choice of Chennai for the new facility is not surprising considering the city is undoubtedly among the best places for technology companies in India and is emerging as a close second to Bangalore interms of being a technology industry hub. The expansion drive significantly enlarges our offshore footprint in India and will allow us to serve more large customers with dedicated development centers which will now be part of the new center,” he further added.

The US$500 million contract signed with Petroleum Development of Oman is through a joint venture of BCT with DHL Worldwide and is spread unevenly over five years. Another long-term contract being executed by BCT is the setting up of a chain of 300 e-government service centers in Oman. “These projects coupled with the increasing centrality of India to our global growth strategy has led to the new center and increased investments,” added Shyam Sundar.

Established in 1999, Bahwan CyberTek Pvt. Ltd. (BCT) has grown to being a global provider of diverse technology solutions and services. The privately held company was recently adjudged by Red Herring as Asia’s Top 100 privately managed companies. A SEI CMM 5 level company, BCT has marquee clientele like Webster Bank, JP Morgan Chase, Emirates Bank, Charles Schwab, Britannia Industries, Hughes Telecom, Bank Muscat, Petroleum Development of Oman, Capital One, Shell, and GE Capital to name a few. The company’s diversified offering spans Product Development, System Integration, Business Transformation Outsourcing, Outsourced Application Development, Migration and Customization, ITES, Training, Professional Services and end-to-end Networking Solutions among others. Headquartered in Chennai, BCT has regional presence in Mumbai and Bangalore in India apart from USA, Oman, UAE and Bahrain. The 500 people company expects to grow this year at 35% over last year’s revenues of Rs. 167 crores. More information on BCT can be had from http://www.bahwancybertek.com.