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|April 8, 1998||
Mastech widens base in India
Mastech Corporation's subsidiary Mascot Systems Pvt Ltd, has opened an information technology facility in Madras. The Madras facility, Mascot's second one in India will house 650 personnel.
This is part of Mastech's expansion plans outside the US, with the Indian employees going up four times to the current 400. The company will have about 800 employees by end 1998, not counting those in the proposed ITF
The company expects to target a big increase in the market demand for total solutions in the next couple of years, a demand it hopes to exploit.
Sources said that the company was also looking at IT applications other than the Y2K problem other firms were preoccupied with. But after 2000, when the problem is behind them, Mastech would have the advantage. But the company already has a fully automated Y2K solution.
Mascot hopes to provide a broad band of IT solutions, catering to the telecom, transport, manufacturing, marketing and retailing segments, among others.
The company posted a revenue of about Rs. 82.6 million in 1996-97 and doubling its turnover for the year ended March 31.
-Compiled from the Indian media
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