Recently re-christened California-based UST Global has got cracking on $130-million expansion for its Indian subsidiary, headquartered in Kerala Technopark. Earlier, this $500-million software behemoth was known as US Technologies. Correspondingly its campus in Technopark would also double headcount of software professionals.
"From 5,500 software professionals now in Technopark, we expect to employ 10,000 of them shortly," Sajan Pillai, president and CEO, UST, said here.
The company also has plans to go for an IPO in the first quarter of 2009, he said. Through headcount push, UST targets $650 million revenues by 2009.
The expansion in Technopark is only a beginning. In a hub-and-spoke model leveraged on Technpark, UST intends to come out with more units in Tier-2 and Tier-3 cities in Tamil Nadu and Kerala.
At present, UST Global has bases in Asia Pacific, Chennai and Thiruvanathapuram. As many as 3500 of the staff now works in Technopark. The...
UST Global ® (UST) is a leading provider of end-to-end IT services
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