Kaar Technologies to add headcount

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SME Times News Bureau | 04 Feb, 2015
City-based SAP consulting company Kaar Technologies will be increasing its head count by 300 this year and also enter newer geographies like the US, Britain, China and others, said a top company official.

"We will be adding head count by 300 people this year taking the total to over 800 employees. We are planning to enter newer markets like the US, Britain, China, Netherlands, Australia and others," Maran N., chairman and vision holder told media Tuesday.

He said the company may also revive its earlier plans to developing its own product that are relative to SAP and would be offered under the "software as service" model.

Currently Kaar Technologies is focussed in the Middle East market with its delivery centre located here.

"We may look at the Indian market in couple of year's time," Maran added.

Queried about the company's earlier plans of looking for private equity (PE) funds, Maran said that plan was shelved.

"We may look for PE funds next year once we enter the new markets," he said.

He said the company's order book position stands at around Rs.230 crore.

Kaar Technologies is expected to close the current year with Rs.130 crore revenue.