Onward Tech strengthens Chennai presence with office expansion

Onward Technologies, a digital engineering services provider, headquartered in Mumbai, India has announced the strategic expansion of its global delivery network with an offshore design centre in Chennai, India. Digital and engineering research & development (ER&D) experts from the Chennai design centre will support Onward Tech's global clients from Industrial Equipment, Heavy Machinery, Transportation and Mobility industries.

"In response to the growing demand for offshore services form USA and Europe clients, Onward Tech will continue to invest in its global delivery model. We have 1000+ employees currently in Chennai and Pune each and with this new investment, we are looking at increasing the capacity to 2000 employees in Chennai. This centre will operate as an extended digital and ER&D team for our clients with state-of-the-art training centres, software labs, and amenities for our employees." commented Jigar Mehta, Managing Director, Onward Tech.

Operating as its clients' extended Digital and ER&D services team enables Onward Tech to respond swiftly to dynamic requirements and address them in its delivery approach. The Chennai design centre is its largest till date, and the company's India operations also include dedicated offshore delivery centers and labs in Pune, Bengaluru, and Hyderabad. Together, this network offers Onward Tech's clients offshore leverage and access to an expert talent pool across digital, embedded, and mechanical engineering services.

Shares of Onward Technologies Limited was last trading in BSE at Rs. 318.90 as compared to the previous close of Rs. 325.40. The total number of shares traded during the day was 825 in over 9 trades.

The stock hit an intraday high of Rs. 318.90 and intraday low of 318.90. The net turnover during the day was Rs. 263092.00.

Source : Equity Bulls

Keywords

OnwardTechnologies INE229A01017 Expansion Chennai