Times of India

Times of India
March 27, 2017

 

India Cements spins off Tekplay Systems, to invest $5-10mn

Southern manufacturer India Cements Ltd has decided to spin off its IT wing into a separate firm Tekplay Systems Ltd. The cement maker had developed the in-house enterprise resource planning vertical with Coromandel Infotech India. With about 400 employees,

the new firm aims to increase its staff strength to 2,000 employees by 2020 and invest $5-10 million over the next two years. Boasting of Fortune 500 clients like Cisco, Facebook, NetApp, PayPal, Whirlpool, India Cements vice-chairman and managing director N Srinivasan said, “the firms today supports transactions valued at over $8 billion. We have decided to spin off the IT business and focus on cements.” Tekplay apart from supporting $1 billion plus transactions of its parent company India Cements, also handles transactions for Chennai Super Kings, RedHat, Sunpower, Ernst & Young, TTD, CRIS, Union Bank of India, Andhra Bank, Lakshmi Vilas Bank, Maruti Suzuki, Regal Beloit, Spirent and DBS.

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About Tekplay

Tekplay is a leading digital business transformation company. We work with Fortune 500 companies to unlock the full potential of Digital through powerful strategies, technologies and tools – imparting to their businesses a razor sharp awareness, an analytical approach to decision making and agility to their business operations. At its core, TekPlay values integrity, collaboration, excellence and innovation. Our commitment to these tenets reflects in each interaction we have and in the way we conduct our business.

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