GDR Media bags prestigious $5 mn order from US

GDR Media, an entertainment and IT services company, has announced that it has bagged a prestigious $ 5 million order, in the area of Business Process Outsourcing (BPO), from an IT consulting and ERP service provider to the US Government. The project would be implemented completely offshore, over a period of one year, at GDR Media's development centers in Bangalore and Hyderabad along with joint venture partners who have been already identified. 

Announcing the bagging of this order, G Dhananjaya Reddy, Chairman & Managing Director, GDR Media Ltd, said, "This is our first major entry into the emerging BPO segment. The project involves data processing of hospital records and patient case studies as also conversion of image files into the client-specified formats." 

Predicting a turnaround in GDR's growth plans, Reddy said that the company is re-working its strategies vis-à-vis its core technology and business offerings. Having made a big impact in the Entertainment & Media industry, GDR plans to be a full-service solution provider in the contact center, back-office and BPO areas. "We are renewing our focus in the US, Europe and Asia Pacific markets and hope to achieve a turnover of Rs 40 crore this fiscal", added Reddy.