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Rank 49: Apar Infotech: Embracing Offshore

author-image
DQI Bureau
New Update

With the pure staffing model having gone out of favor, offshore work will

help fill up the coffers

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Rajeev Srivastava 
Chief Executive Officer

Performance

Highlights
Focus on offshore development center l Offshore staffing increased from 30 to 400 l Over 1 million customers in the US, Europe and Asia-Pacific region
l

Startup:

1996 l
Products & services:

IT services, consulting and Software Development l
Employees:

1,050 l
Branches:

11 l
Address:

Apar house, 6 Corporate Park, Sion-Trombay Road, Chembur,

Mumbai 400071 l
Tel:

5978272 l
Fax:

5978277 l
Website:
www.apar.com

Apar Infotech, which had grown 137% last year, showed a 12% negative

growth in this fiscal, down to Rs 258.17 crore. The growth pattern for the past

four years see-sawed as the company experimented with various business models in

the hope of finding the right mix. Currently, 92% of the work is being done

onsite. Apar has been decisive in getting into offshore development. The company

has 46 sales personnel across various geographies. The verticals in focus are

banking, financial services and insurance (BFSI), telecom and manufacturing,

retail and logistics (MRL). The company has realized the failure of the pure

staffing model and is going slow on adding accounts without a sound delivery

model. Consequently, it sees conservative topline growth for the next two years,

with the focus being on offshore delivery and increased profitability.

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