NEW DELHI, Jan. 3 – Notwithstanding the current economic slowdown, Bentley Systems, which develops software solutions for infrastructure projects, is hopeful that its business in India will grow considerably in the coming years.
According to Mr Sandeep Srivastava, Managing Director of Bentley Systems India Pvt Ltd, India has the potential of contributing around 20-25 per cent of its business in Asia Pacific region in the next three years. “Today India account for 10 per cent of our Asia Pacific turnover. We feel that it can go up to 20-25 per cent in the next three years,” Mr Srivastava told Business Line here.
“Last year was also a pretty good one for us in India. We had a growth of about 35 per cent and added 30-odd clients in 2001,”he said. For the current year, Bentley Systems India was hopeful of making up for 15 per cent of the company’s Asia Pacific revenue. “We are expecting a revenue of $ two million from India this year,” Mr Srivastava said.
Headquartered in Pennsylvania, the US, the privately held Bentley Systems provides solutions to create, manage and publish engineering content, which are critical for design, construction, operation and maintenance of infrastructure assets.
“Although there is an economic slowdown, there are still a lot of infrastructure projects in India, especially in the road sector. We are targeting segments such as plant design, civil engineering, transport engineering, mapping etc,” Mr Srivastava said. According to him, Bentley is also considering setting up a software development facility in India in the near future in order to capitalise on the country’s technological skills.
Bentley Systems currently has around 400 customers in India, including Bharat Heavy Electricals Ltd, Bechtel India, Central Power Research Institute, Department of Atomic Energy, Infosys Technologies, Indian Navy and Ministry of Defense. Founded in 1986, Bentley Systems came to India in 1996 through a liaison office. This office was converted to a wholly owned subsidiary recently.