Samtech emphasizes on shop-floor to top-floor concept

Asim Raina & Preety Raheja

Samtech InfoNet Ltd is positioning itself
as a specialist in IT for manufacturing. In the words of Alok Gupta, MD,Samtech
InfoNet Ltd, "The emphasis will be on shop-floor to top-floor."

Alongside, Samtech is all set to reorganize
itself. The company is planning three different SBUs to cater to three different
segments, which includes e-biz, network and data center and Engineering Software
Services (ESS). Three different people would handle all the three divisions
individually.

ESS is a new division of Samtech and the
company has already opened a branch office in USA. Another office in UK is on
the cards. The company got a huge funding recently from the Citibank to the tune
of $ 2 million. With this, it has four shareholders, with Citibank added to the
list. Citibank, after investing 24 percent, is a minority stakeholder now in the
company.

Samtech is targeting 100 percent growth in
the domestic market. The company expects to close the current fiscal with a
turnover of Rs 54 crore, same as the last year. However, this is expected to
double in the next fiscal.

Gupta suggested that the company plans to
have a meaningful name in the ESS arena within the next two years. And then, an
IPO will also be considered.

However, Gupta re-emphasized that the
company has no inclination of leaving its hardware business. At the same time,
he informed that the company will not touch any order, which consists of just
boxes until and unless it is accompanied with a service revenue.