PEBS Pennar to ramp up outsourcing biz

PEBS Pennar to ramp up outsourcing biz
Highlights

Pennar Engineering Services, a division of citybased Pennar Engineered Building Systems PEBS Pennar on Thursday said it would expand their designers strength to 500 and to set up IT and engineering office across the countryCiting an opportunity in the engineering design outsourcing services, the company said it would expand its team size and increase the export revenues

Hyderabad: Pennar Engineering Services, a division of city-based Pennar Engineered Building Systems (PEBS Pennar) on Thursday said it would expand their designer’s strength to 500 and to set up IT and engineering office across the country.Citing an opportunity in the engineering design outsourcing services, the company said it would expand its team size and increase the export revenues.

“Currently, we have 300 design engineers working in this division and by FY21, we intend to increase the number of designers to more than 500. Also, keeping in view of the huge export potential, we have planned to set-up IT andengineering office in other parts of the country,” said KM Sunil, Vice President - Corporate Strategy, PEBS Pennar.

Further, he said the engineering services division, started in FY2015, registered a revenue of Rs 60 crore. PEBS Pennar expects this division to grow at a CAGR of 30 per centfor over the next five years. “Going forward, this business is expected to contribute significantly to our operating profits,” he added.

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