i-flex to bag multi-million-dollar deals in China | india | Hindustan Times
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i-flex to bag multi-million-dollar deals in China

india Updated: Jul 23, 2007 04:55 IST
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Indian banking software group i-flex Solutions on Friday said it was in the process of signing multi-million-dollar contracts with leading Chinese banks.

"We are already present in Taipei and we are now in the process of bagging multi-million-dollar contracts with leading Chinese banks," Deepak Ghaisas, chief executive of i-flex Solutions said on the sidelines of the India Leadership Summit in Mumbai.

The summit is being organised by the National Association of Software and Service Companies (NASSCOM).

"We are also targeting acquisitions in the European market in the BFSI (banking, financial services and insurance), private wealth management and semi-banking segments," Ghaisas added.

The company is also setting up three facilities in Mumbai, Bangalore and Pune with an investment of over Rs 2 billion (over $45 million).

"We have invested over Rs 2 billion for our three new facilities that are coming up in Mumbai, Bangalore and Pune for which we have acquired a total space of 1.7 million sq ft," he said.

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