US based software solutions
provider, Fulcrum Logic announced its India expansion plans. The company is set
to increase its headcount in its Mumbai and Pune facilities from 400 to 1200 in
the first phase, and reaching 4, 500 in five years.
The company also plans to invest about 50m USD over a five year span, with about
10m USD in the first phase, and about 40m USD in the second phase. With current
sales revenue of 25m USD, the company expects to reach a turnover of close to
150mUSD within five years.
As a green signal from the Government, Fulcrum Logic has recently
been allotted a land to set up a global knowledge campus to in the new upcoming
Rajiv Gandhi Infotech Park, SEZ complex at Hinjewadi - Phase III, Pune. Fulcrum
Logic is said to utilize this land for building its grand and ultra modern,
eco-friendly campus with every facility to provide a productive and conducive
work environment to its employees. The campus will accommodate around 1, 500
employees with modern amenities.
Rajesh Sinha, President and CEO, Fulcrum Logic, said, "Being an
end to end solutions provider, customers in US and Europe are realizing the
unique combination we provide in terms of IT, Business and Management
Consulting, coupled with global delivery framework, and this has helped us
emerge as an alternative to the big six consulting firms in the mid size
market."
With the global headquarters in Short Hills, New Jersey, Fulcrum
Logic has technology development centers in the east and west coast of US. The
company has been able to expand to European markets through its presence in
London, UK and Dublin, Ireland, and now plans to target customers in Germany,
France, Belgium and Italy.
