Mohali STPI Exports Touch Rs 827 crore

Exports from Software Technology Parks of India (STPI), Mohali, including the special economic zone (SEZ), have witnessed an increase during the first nine months of 2009-10 as compared with the same period in the previous year.

While exports from STPI-Mohali, including SEZ, during the first nine months of the current fiscal stood at Rs. 827.14 crore, these are up by Rs. 84.43 crore as against RS. 742.71 crore achieved in the corresponding period of 2008-09. During 2008-09, software exports from STPI-Mohali were to the rune of RS. 1,088.39 crore . In the current fiscal, software exports from STPI-Mohali are expected to cross Rs. 1,300 crore assuming 25% growth over the previous year.

The growth story of smartData Enterprises

The story of smartData Enterprises is a story of growth, determination and excellence. For more than a decade, starting from its humble roots in Silicon Valley US, smartData has gained expertise in offshore software outsourcing, web development and software applications development for hundreds of clients globally including US, UK, Europe, Australia and South America.

smartData was started with team strength of 4 members in 1999 and now reached a landmark figure of 400 professional human assets. The company's management comprises the best brains from top institutes like Stanford, Liverpool and IITs. It was the first company to be funded by Punjab Venture Fund. The company bought back its equity after 5 yrs by paying the principle along with dividends. From a 5000 sq ft of rented space in Mohali in 2003 to inauguration of their own 20,000 square feet facility in IT Park, Mohali, the company has moved from strength to strength.

The company has been one of the premier software companies in the IT portfolio of the region. It has been bagging the highest software exporter award in the SME segment in the region and is a Microsoft Certified Gold Partner. smartData today has a development centre at Nagpur in addition to the newly inaugurated premises at Mohali.

"smartData foresees itself to be a major player in Mohali region and expected to double its numbers by 2014-15. We have been able to grow because of the proactive IT friendly policies of Government of Punjab through its nodal agency Punjab Infotech and STP Mohali. Punjab Infotech's approach of following on 'need to know basis' allows growing group like smartData to focus on their core expertise which is growing business, with the confidence that they have the tacit support of the Government always" said Mr. Ajay Tewari who is one of the cofounder and the chief executive of smartData.

Source : Punjab Infotech