The Hindu : Allsec to expand

Online edition of India's National Newspaper
Tuesday, Apr 30, 2002

Business

Business

Allsec to expand

By Our Corporate Reporter

CHENNAI APRIL 29. Allsec Technologies, an outsourced multimedia contact centre engaged in providing high quality response management to international customers, is infusing Rs. 25 cores for its expansion and will recruit over 1,000 employees by the end of the year, according to A. Saravanan, Founder and President, Allsec Technologies.

Addressing presspersons, Mr. Saravanan said the company was in the process of setting up an additional centre which will house 500 seats at Velachery in Chennai. The new facility would be operational by July this year and would feature the latest technology with the best of breed equipment. The centre would be fully integrated with the existing facility and would complement each other from both the services and a redundancy perspective. With this expansion, Allsec would have a capacity of 675 seats.

The expansion plan is funded with private equity investments from Eurindia, a leading Global India-centric venture fund and Kotak Mahindra Venture Capital Fund. Both the companies will invest Rs. 15 crores to part finance the expansion project. The balance amount will be raised as debt from the existing lender, IDBI.

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