Date:22/01/2007 URL: http://www.thehindubusinessline.com/2007/01/22/stories/2007012202350200.htm

Back JK Technosoft to focus on retail sector

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New Delhi Jan. 21 In order to leverage the opportunity thrown up by the growing retail sector, JK Technosoft, the IT/ITES arm of the JK Organisation, is set to invest Rs 30 crore in providing IT services to domestic and overseas retailers.

"We are going to invest a total of around Rs 100 crore, of which 30 per cent will be for providing end-to-end services to the retail players in India and abroad, within the next two years," said Mr Abhishek Singhania, Managing Director.

The company, which commenced IT/ITES services two years ago, is now getting domain-centric with greater focus on the retail sector. It is currently in discussion with 25-30 retailers for tie-ups.

The company is also looking at entering the overseas retail market soon after setting up base in India.

JK Technosoft expects to garner revenues of Rs 25-30 crore from its retail services in 2007-08.