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Helios & Matheson to expand operations news
Our Infotech Bureau
29 September 2005

Chennai: The Chennai-based software company Helios & Matheson Information Technology Limited has decided to invest Rs75 crore in additional facilities in line with the company's growth plans.

According to the company chairman, V Ramachandiran, the company plans to invest approximately Rs25 crore this year in phase one of the project, which has the potential to grow to 400 people. Helios & Matheson will also invest another Rs50 crore in the following two years in phase two expansion in Tier II cities like Coimbatore.

At the company's annual general meeting held on October 29, 2005, the shareholders of approved the 1:1 issue of bonus shares. The record date is fixed as October 29, 2005. The shareholders have also approved the proposal to increase the authorised share capital by Rs10 crore to Rs35 crore.

 


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Helios & Matheson to expand operations