IT consultancy and services company Techspan India plans to invest $16 million to grow its infrastructure four-fold by June this year.
"We plan to invest $12 million in acquiring buildings and the rest for equipment," Arjun Malhotra, chief executive officer of Techspan, said on Friday.
"We plan to invest $7 million to buy a 1000-seat facility in Bangalore. We have already invested $2 million for land in Noida and plan to invest another $3 million to buy additional land there," he said.
The company currently has 1,100 consultants and engineers, most of them in India and the Philippines.
"We plan to hire 100 people a month for the next one year of which 75 will be in India, 15 in Manila and 10 in rest of the world," Malhotra said.
The company currently has 550 people in India and 250 in Manila.
"In Manila, we plan to increase our headcount to 400 by the end of this year," he said.
In Noida, the company will expand its capacity by 800 seats from the present 425.
Malhotra said 80 per cent of the new recruits would be either from the Indian Institutes of Technology or the Indian Institutes of Management. Economic Times reported on Friday that Techspan has already sent 60 appointment letters to IIT freshers in February.
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