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July 23, 2003

Engg. design cos. make a mark

Indian companies have started to make a mark in the market for outsourced engineering design services, reports Economic Times. And it is not just large companies who get to play in this $7-billion.

"Several smaller Indian software companies like Hyderabad-based Infotech Enterprises, Bangalore- based Plexion, Quest, Easitech, Geometric Software, Rolta and Axis are quietly working with global majors in the cutting edge engineering design space," the ET report says.

The sector has also been receiving the attention of private equity investors. Plexion Technologies recently received a second round of funding from J.P.Morgan, while Quest is reportedly in talks with VCs like the Carlyle Group.

Click Here to read the full report.