Visionet Systems, a technology solutions and business process management company, is planning to expand business and add manpower in India. In an email interview with Zee Business Online, Alok Bansal, Managing Director, Visionet Systems, talked about various aspects of business and startups in India. Excerpts:
 
Since the business environment and customer profiles are quite different in India than in the US, was the process of expanding business in India smooth? 
 With the emergence and growth of technology, we believe that disruptive technologies like AR and VR will continue to be used by the brands to communicate better with their customers. Our focus area will be on developing evolved products and new-age services with the brand’s suite of solutions, which will help companies engage meaningfully with their stakeholders. Over the next year, Visionet India plans to expand in the areas of enterprise mobility, retail technology, enterprise software development, and independent testing services.
 
Do you have a hiring plan in India? How many people you are going to hire? 
 Yes, we do have hiring plans in India. Globally we have recruited over 2,700 professionals and we are planning to strengthen our headcount by hiring 800 more over the next few months. We are adding up 25,000 square feet new office space in AMR tech park, Bangalore to accommodate around 800 people. 
 
What is your expansion plan?
 We are looking forward to expanding in India in terms of business. India has become a center stage for global growth. Of late, we have realised that one can't only focus on the delivery services from India, but also its driven strategy, sales and pretty much all sides of business, especially in BFSI (Banking, Financial Sector and Insurance), including the mortgage industry. We are now targeting business around AR (Augmented Reality), VR (Virtual Reality), cloud computing, e-commerce, machine learning, artificial intelligence, etc. We are expanding the centre of excellence in India and targeting niche technology in the market. 
 
 
What is your view on Ease of Doing Business in India? 
 Over the years India has made significant progress in making the system more streamlined and reliable for the businesses and startups across sectors. This is clearly reflected in the giant leap in India’s position and reaching 77th rank in the ease of doing business report by the World Bank. Along with streamlining businesses the unified tax regime like GST has made it simpler for many small businesses to operate across the country. This further propels the business potential of the country and boost economic growth.
 
What is your turnover in India? 
 Visionet continues to see a strong growth trajectory in India, and this year we plan to add on the workforce to the company’s strength. We have been growing at a 30 percent year-on-year (YoY) compound annual growth rate (CAGR) for the last 5 years. We have aggressive plans to grow at an even greater pace. Also, we aim to expand in the areas of enterprise mobility, retail technology, enterprise software development, and independent testing services that will further add to the overall revenue growth of the company.