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GMI`s Second Hi-Tech IT Development Center In Pune

Released on: August 4, 2008, 5:23 am

Press Release Author: Grey Matter India Technologies Pvt Ltd

Industry: Software

Press Release Summary: Buoyed by the impressive track record from our first venture
in Pune, this new unit demonstrates GMI\'s confidence in the potential that Pune
offers in terms of technical expertise and business growth.

Press Release Body: Grey Matter India Technologies, a reputed IT outsourcing
provider based in Mumbai officially announced the opening of its new captive
technical ODC in Baner, Pune. This is the second operational unit in the satellite
city and is in conjunction with GMI\'s aggressive business expansion plans. Spread
over an area of 2500 sq ft, the new unit expands GMI\'s technical talent pool by 60
engineers.

Last year, GMI started its first ODC in Baner, Pune with an aim of organic
expansion, tapping the vast talent pool available locally. Within a year the ODC
reached peak operational threshold and has justified the management\'s decision. This
success prompted the current expansion with a view to enhance productivity and
profitability.

\"Buoyed by the impressive track record from our first venture in Pune, this new unit
demonstrates GMI\'s confidence in the potential that Pune offers in terms of
technical expertise and business growth. GMI\'s considers Pune to be the next truly
IT hub in India and has set its vision on spreading its presence here\" said Chintan
Shah, President & CEO at GMI.

\"The new centre will provide support and services to our ever growing customer base
in GMI\'s trademark quality services. Now that we have four state of art development
centers, GMI foresee in exceeding the forecasted revenue of this financial year,
with 200% increase in the same.\" Chintan added.

Web Site: http://www.greymatterindia.com/

Contact Details: Grey Matter India Technologies Pvt Ltd.
1st Floor, Sai Darshan Towers, Plot #31,Opp. Suvidhya School, Gorai -1 ,
Borivili - West, Mumbai 400 091, India
Phone: +91-22-28685626
Fax +91-22-28685660
E-mail : contact@greymatterindia.com

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