Published On:August 12 2008
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Venture Infotek to invest Rs 100-mn in expansion

Hyderabad: Venture Infotek, a Mumbai-based transaction processing and knowledge management company, is investing Rs 10 crore in expanding its infrastructure.

“We are in the process of increasing our electronic data capture (EDC) terminals to 250,000, from the present 120,000, besides increasing the data server capacity to 1.51 terabytes by August this year,” Piyush Khaitan, chairman and managing director of Venture Infotek, said.

The company had received $20 million (around Rs 84 crore) from Kubera Cross-Border Fund Limited, an Indian investment company, in November 2007.

It plans to utilise part of these funds to finance its expansion, he added.

Venture Infotek, which has its disaster recovery centre in Bangalore, currently employs 330 including 60 technology professional.

The company has an extensive infrastructure for managing payment transactions catering to over 540 towns, cities and other tourist destinations.

It would add 200 more centres this year, Khaitan said.


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