The French-Technology Indian body – Altran India seems to be yearning rapid growth in engineering services. The company has firmly asserted that it is looking at more acquisitions to diversify its reach. It has recently procured SiConTech, a Bengaluru-based company that designs semiconductor chips.
“The sector is poised for a historic change. Non-core engineering is beginning to be outsourced and moved offshore. It’s going to be the beginning of very explosive growth,” said Sanjay Kumar, CEO and MD of Altran India talking to Economic Times.
“There will be more deals. To prepare for this growth, you will have to make acquisitions because in engineering services you can’t just hire a bunch of freshers and put them on projects,” said Kumar.
The company plans to increase its headcount to 5,000 in the next few years from about 1,700 at present, said Kumar. The future deals will be with companies with a headcount roughly equal to Altran India’s, he said.
Altran India also expects growth from the nuclear and defence deals being signed by the government.
“We expect to get business as these deals get signed because in some parts of nuclear, such as spent fuel disposal, we have the only experts in the country,” concluded Sanjay Kumar.