Aveva, a global engineering and industrial software firm that has one of its largest research and development facilities in Hyderabad, is upbeat over the India operations playing a bigger role in product innovation and overall revenue growth.
Its confidence is driven by “a significant increase in customer base in India”, especially in the areas of smart cities, oil and natural gas, food processing as well as work undertaken at the facility here for solutions that are deployed globally.
In this backdrop, the U.K. firm has taken more space at the Waverock facility here. The additional space across two new floors takes the overall space that Aveva occupies from 59,000 sq. ft to over 120,000 sq. ft with 1,150 workstations, said Navtej Garewal, head of India.
“India has emerged a key market for Aveva’s digital agenda and we see potential to penetrate further into the market,” said a release issued at the media briefing by Mr. Garewal, Deputy CEO and CFO James Kidd, COO Ravi Gopinath and CTO Andrew McCloskey.
The company’s headcount in India is 1,320 and is spread across its Hyderabad, Bengaluru, Mumbai, Delhi, Chennai and Pune facilities. Of this, the R&D and solution delivery headcount is 1,120.
The global headcount of the company is 4,600 people, which includes those at over ten R&D centres.
“This expansion of the R&D operations will make Hyderabad one of Aveva’s largest technology innovation centres as well as a delivering hub catering to customers in India and across the globe,” he said. Aveva also plans to create a new global services hub, which would have the capacity to accommodate 400 people.
Earlier this month, 300 R&D engineers specialising in simulation, monitoring and control, and asset performance management from Cognizant, which is Aveva’s strategic partner, also moved into the Waverock office.
Mr. Kidd said the share of India operations in the overall revenue was 5% and it was growing at 30%. It was expected to touch 10% in two years. Over this period, the company, which has so far invested over £200 million in India, plans to hire at least 200 more people in Hyderabad.
