Chennai, July 26, 2006: NTrust Infotech
Pvt Ltd., a niche player providing comprehensive
IT solutions and KPO services to the Real
Estate Leasing industry, today inaugurated
its Second Knowledge Centre in Chennai.
The company intends to double its headcount
to 400 by the end of the current fiscal.
Headquartered in Chennai with an onsite
office in Cerritos, CA, USA, NTrust Infotech
closed the last fiscal at an $12 m. Interesting
to note, NTrust was founded only in 2003.
The company has aggressive plans and intends
to double its revenues by 2008.
Speaking on the occasion, Mr. Srikanth
Ramachandran, CEO & President, NTrust
Infotech detailed, "Outsourcing in
Real Estate Lease administration space
which is currently in a nascent stage
is set to witness massive growth fueled
by rising cost of manpower and unavailability
of trained profesional in the market.
We have built a strong offering in the
shape of REAP™ and LEAPSM
to tap this burgeoning Market."
NTrust has indigenously built REAP™,
a comprehensive enterprise software product
for both corporate and retail lease administration
outsourcing starting from Lease abstraction
to critical data management. Currently,
the company employs 300 professionals
worldwide of which 200 are based in India.
Of the 200, 60 people are employed on
REAP and 140 are in the LEAP division.
"The need for the second center is
due to the strong response to our LEAP
services. This trend is likely to grow
and we are expecting further ramp up of
our operations in the coming months."
added Mr.Janakiram Ramachandran, COO,
Indian Operations.
The 14,500 Sq.ft. knowledge center is
located at Radhakrishnan Salai and will
have a capacity of 160 seats. The other
center located at Alwarpet will act as
the development centre for REAP.
About NTrust Infotech
Founded in 2003, NTrust Infotech provides
IT solutions and unique KPO services to
the Real Estate Lease Administration space.
The company's offering includes REAP,
a comprehensive enterprise software product,
and LEAP, a service which covers lease
abstraction to critical data management.
Headquartered in Chennai, the company
has an onsite office in Cerritos, CA,
USA. The company employs 300 employees
of which 200 are based in India. The company
registered revenue of $12 m in 2005.
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