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RT Outsourcing Growth Plans Get Rs 650mn Boost
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RT Outsourcing Growth Plans Get Rs 650mn Boost
RT Outsourcing Services, a SMP (Sonoma Management Partners) portfolio company, announced that it has raised Rs.650 million from US-based global venture capital company New Enterprise Associates for its future growth.
Industry consolidation and greater emphasis on outsourcing has seen RT Outsourcing win more business from new and existing customers, the company said.
With the investment coming in, RT now plans to aggressively expand its presence in the automation business, high-end networking and storage systems. In addition, RT intends to enter new segments including defence, building management systems and integrated infrastructure management services.
Shammi Moza, MD, RT Outsourcing, said, "We have been growing rapidly over the last couple of years and with this investment we will be expanding our services lines and geographic spread through organic and inorganic means. This investment will help us continue our aggressive growth rate and expand into additional service line and offerings."
Pravin Jain, CEO, SMP, added, "We wanted a partner that had significant experience in developing hi-tech, hi-growth companies. The NEA team, their network and global experience can provide the value-addition required to help guide RT`s high growth trajectory ".
According to Ben Mathias, executive director, NEA Ltd, "RT`s leadership position in the after-sales service industry, coupled with its market credibility, creates a compelling value proposition."
RT Outsourcing provides after-sales services, reverse logistics, and call centre operations to most of the Fortune500 OEM & ODMs in India. The company employs more than 3,500 people with a pan-India reach of over 200 locations. RT s customers include MNCs from IT, telecom, electronics security and CE industries. The company has also started new operations in Singapore to tap into Southeast Asia.
Source:
http://www.channeltimes.com/India/News/RT_Outsourcing_Growth_Plans_Get_Rs_650mn_
Industry consolidation and greater emphasis on outsourcing has seen RT Outsourcing win more business from new and existing customers, the company said.
With the investment coming in, RT now plans to aggressively expand its presence in the automation business, high-end networking and storage systems. In addition, RT intends to enter new segments including defence, building management systems and integrated infrastructure management services.
Shammi Moza, MD, RT Outsourcing, said, "We have been growing rapidly over the last couple of years and with this investment we will be expanding our services lines and geographic spread through organic and inorganic means. This investment will help us continue our aggressive growth rate and expand into additional service line and offerings."
Pravin Jain, CEO, SMP, added, "We wanted a partner that had significant experience in developing hi-tech, hi-growth companies. The NEA team, their network and global experience can provide the value-addition required to help guide RT`s high growth trajectory ".
According to Ben Mathias, executive director, NEA Ltd, "RT`s leadership position in the after-sales service industry, coupled with its market credibility, creates a compelling value proposition."
RT Outsourcing provides after-sales services, reverse logistics, and call centre operations to most of the Fortune500 OEM & ODMs in India. The company employs more than 3,500 people with a pan-India reach of over 200 locations. RT s customers include MNCs from IT, telecom, electronics security and CE industries. The company has also started new operations in Singapore to tap into Southeast Asia.
Source:
http://www.channeltimes.com/India/News/RT_Outsourcing_Growth_Plans_Get_Rs_650mn_
