GMI on a Business Expansion Drive: Unveils Second Hi-Tech IT Development Center in Pune

Mumbai, India, August 06, 2008 --(PR.com)-- Grey Matter India Technologies, a reputed IT outsourcing provider based in Mumbai officially announced the opening of its new captive technical ODC in Baner, Pune. This is the second operational unit in the satellite city and is in conjunction with GMI's aggressive business expansion plans. Spread over an area of 2500 sq ft, the new unit expands GMI's technical talent pool by 60 engineers.

Last year, GMI started its first ODC in Baner, Pune with an aim of organic expansion, tapping the vast talent pool available locally. Within a year the ODC reached peak operational threshold and has justified the management's decision. This success prompted the current expansion with a view to enhance productivity and profitability.

"Buoyed by the impressive track record from our first venture in Pune, this new unit demonstrates GMI's confidence in the potential that Pune offers in terms of technical expertise and business growth. GMI's considers Pune to be the next truly IT hub in India and has set its vision on spreading its presence here" said Chintan Shah, President & CEO at GMI.

"The new centre will provide support and services to our ever growing customer base in GMI's trademark quality services. Now that we have four state of art development centers, GMI foresee in exceeding the forecasted revenue of this financial year, with 200% increase in the same." Chintan added.

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