|Chennai||Rs. 27580.00 (0.18%)|
|Mumbai||Rs. 28700.00 (0%)|
|Delhi||Rs. 27700.00 (0.73%)|
|Kolkata||Rs. 28270.00 (0%)|
|Kerala||Rs. 27050.00 (0.74%)|
|Bangalore||Rs. 27350.00 (1.11%)|
|Hyderabad||Rs. 27660.00 (1.21%)|
Altran, a global engineering consulting firm, is looking to increase the headcount in India from 300 to 2,000 over the next two years. The company is also looking at both organic and inorganic route to scale up its operations.
A few companies operating in niche sectors are among the targeted acquisitions. The company is expanding its India operations to tap the domestic market as well as support its global clients.
Altran will explore nuclear energy, mechanical engineering (aerospace and automotive) and embedded & critical systems covering aerospace, railways and automotive for growth in India. Altran’s main global accounts are already engaged within India and include Airbus, Alstom Transportation, Renault among others.
With offset clause requirements as mandated by the Indian government in defence deals now being part of domestic defense procurement contracts, Altran sees a substantial opportunity in defence and aerospace sectors going forward. Nearly a 100 employees from the India team work on the Airbus project. Buy 2020, the company hopes to have 20 per cent of its people and 10 per cent of its revenues from India, said Philippe Salle, chairman and chief executive.
India presence, the company believes, will play to it’s strength as it will be able to give 20 per cent more for the same price if the work is being done jointly.