US company Nelson to enter India
The US-based integrated services provider is looking for inorganic growth in the country to expand its reach.Updated: Sep 18, 2006 18:11 IST
Bullish on the Indian market, US-based integrated services provider Nelson, which will launch its India operations later this month, is looking for inorganic growth in the country to expand its reach.
"We have resorted to strategic mergers as part of our growth strategy globally and this will be a practice we would follow in the Indian market as well," Nelson Regional Director and Country Head Anand DK told PTI.
He said the company was bullish, especially on the booming real estate sector.
"India's realty boom holds tremendous potential for us and we are looking to take advantage of this by providing services in strategies, workplace and information besides catering to the traditional portfolio of interior design, architecture and engineering," he added.
Nelson, which will set up a wholly-owned subsidiary, has already invested $5 million in India and is looking at expanding at a gradual pace.
"Initially, we would open our office in Delhi and expand our presence across the country. We are looking to set up 2 to 3 more offices in a year's time," he said.
The company, which clocked $50 million in revenues globally, would provide integrated services across six lines of businesses namely strategies, interior design, architecture, engineering, workplace services and information services, he added.
Commenting further on the company's plans in India, Anand said a company cannot depend only on organic growth and "we would consider mergers and acquisitions with similar companies to expand in the country".
First Published: Sep 18, 2006 18:11 IST