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German engineering services firm to expand India operations
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SME Times News Bureau | 28 Nov, 2015
Leading German automotive
engineering services firm RLE International is expanding its India
operations in the next five years to capitalise on growing business
opportunities, a top official said on Friday.
"We will invest
10-15 percent of revenue every year from our Indian subsidiary to expand
operations, including headcount, development facilities, open a centre
of excellence at Pune in Maharastra over the next five years," RLE chief
executive Robert Parvez Rupa told reporters.
Though the
three-decade-old, 100 million euro Cologne-based privately-hold company
had set up two design and software development centres in Bengaluru and
Chennai in 2005, its linear annual revenue growth has enabled to post
euro 5 million (Rs.35 crore) revenue for calendar year 2014.
"Of
the euro 5 million, we are investing 500,000 euros this year and will
ramp it up it to 750,000 euros over the next four years to generate euro
20 million (Rs.140 crore) revenue in 2020, growing at 30 percent per
annum," Rupa said.
The headcount will be increased four-fold to 1,000 from 250 engineers by 2020.
"We
provide product and manufacturing services to OEMs (original equipment
manufacturers) and suppliers spanning vehicle and body, power-train and
chassis, CAD, CAM, body shop engineering and simulation, die engineering
and stamping solution," Rupa said.
Among RLE's India clients are
ABB, Audi, BMW, Chrysler, Daimler, General Motors, Ford, Mahindra,
Maruti Suzuki, Toyota and Volkswagen.
"Apart from serving more
global and Indian OEMs, the Indian subsidiary plans to offer end-to-end
engineering solutions by leveraging its global capabilities at a lower
cost in India," said newly-appointed managing director Vijay Machigad.
Though
the company started as a offshore delivery centre a decade ago to some
of its global automotive customers, the steady growth of the Indian
market with the advent of global car makers with their models has turned
into an opportunity to serve their needs from design to production.
"The
Indian market is challenging but we have expertise, experience and
right investment strategy to grow in the coming years," the Indian-born
Rupa added.
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