Pune, India Based Harbinger Knowledge Products who, in the past few years, has fast lost ground in the custom content development business to local competition such as Brainvisa Technologies and Maximize Learning (now Techbooks) has managed to hold on, on account of its rapid-authoring and interactivity building product line.
The company is currently working the PR channels to promote Raptivity which it claims is "the world’s first rapid interactivity builder for e-learning.". In a recent newspaper article the company's top executives discuss their expectations from this product line and plans going forward:
- The company has reported revenue of Rs 15 crore this fiscal, indicating a growth of 40 per cent at the group level.
- The product business, which contributes 35 per cent of the group’s turnover, grew at 150 per cent, contributing substantially to overall growth.
- Expects product business to contribute almost 50 per cent of revenues next fiscal
- Says it will add 500 square feet to its current facility immediately.
- Setting up another office at Pashan (Pune, India) at an investment of Rs 2 crore and with a capacity to seat 200 people.
- Plans to recruit 100 more employees, taking headcount to 300 by end of this year.
- Plans to grow to 500 people by end of 2008
Comments