Geodesic Techniques targets revenue of INR 1000 Cr. in 3 years and outlines investment of INR 200 Cr

Press release for immediate distribution 
Geodesic Techniques targets revenue of INR 1000 
Cr. in 3 years and outlines investment of INR 200 Cr. 
New manufacturing facility at Bidar & urban 
infrastructure and transportation foray among major 
initiatives. This reinforces and builds the company's and techniques amongst the customers and it is
leadership position in the steel-intensive design andonly apt that being a pioneer, we pull out all stops to
build business.retain and build on that position. As India's urban
 landscape and infrastructure undergoes a radical
Bangalore, June 24, 2010: Geodesic Techniques, atransformation in the decades ahead, we are
pioneer and leading provider of steel intensivepreparing ourselves to play an even bigger role."
structures in India, today outlined its aggressive plan 
to reinforce and build on its leadership position in theElaborating on the outlined plan, Mr. Nikhil Raj,
design and build of large span, pre-engineered, andVice-President of Business Development, Geodesic
steel-intensive structures. The multi-pronged planTechniques, said, "Leadership in this space is a
consists of rapid acceleration in revenues, higherfunction of capacity, capability and creativity and we
investments in building new capacity and capabilities,are investing heavily in all three areas to ensure we
as well as increasing its presence in the urbanare the partner of choice for any company looking at
infrastructure and transportation segments. Thesteel intensive structures in India. The new facility at
company shared that it is projecting revenue of INRBidar is strategically located providing quick,
1000 Cr. over the next three years and hasconvenient access to the three major regions of
committed investments of over INR 200 Cr. Thedemand - south, west and north. We are also
majority of the investment is focused on the new,increasing our capabilities in design and structural
state-of-the-art manufacturing facility at Bidar, whichengineering to levels of global excellence  This puts
is operational and will be formally inaugurated by theus on par with the best businesses in this segment
end of 2010. Presently, the unit has a peak capacityworldwide. The market response to our moves has
of 65,000 mT/per annum and is among the highestbeen positive -  be it the Mumbai/Delhi airport
installed capacity in the industry.terminals, the MMRDA Headquarters or the new
 futuristic TCS facility in Chennai."
In a strategic move, the company has successfully 
forayed into the urban infrastructure andCommenting on the foray into urban infrastructure
transportation segments. As one of the players inand transportation, Ms. Sumitra Iyengar, Director
the Mumbai Monorail project as well as the proponent– Infrastructure, Geodesic Techniques, said,
of the Bengaluru Monorail project, our focus will"Indian metros are ready and financially ripe for the
continue to be on next generation modes ofbest-in-class urban transportation modes and models.
elevated transport. These elevated systems haveIt is an opportunity that is waiting to be tapped. As a
complex design and steel intensive structures thatpioneer with deep expertise in the design and build of
require technically superior solutions.steel intensive structures, we bring a unique and
 competitive advantage to this business. While we are
Manufacturing Focuspursuing an innovative approach, we are also
Highly automated machinery from Europe has beenpartnering with global companies where necessary, to
installed at the Bidar Factory and places the companyplay a pivotal role in the transformation of India's
at the forefront of technical innovation and capability.urban landscape. With our initial success in the
The new facility is designed to serve Geodesic's highmonorail projects in Mumbai and Bangalore, we
volume and large infrastructure projects like airportbelieve that our investment in this segment is well
terminals, high rise steel buildings, signature structures,placed and will serve as a growth engine."
bridges and urban transportation initiatives. The facility 
will complement the existing specialised and siteAbout Geodesic Techniques:
manufacturing capabilities of Geodesic and isBangalore-based Geodesic Techniques was founded
expected to provide employment opportunities forin 1986 by visionary entrepreneur Mr. Srinidhi
nearly 5000 people.  The facility positions GeodesicAnantharaman, with the objective of offering
Techniques' as India's leading integrated design andtechnically superior solutions for steel intensive
build player.construction projects. Over the years, the company
 has built an expertise in the integrated design,
Addressing the company's first formal mediaengineering, procurement and construction process.
interaction since inception, Mr. Srinidhi Anantharaman,The company is led by a team of qualified and
Visionary founder & CEO of Geodesicexperienced professionals with over four decades of
Techniques, said," Today we are at a historicexperience. The company has executed many
juncture where there is a great opportunity to buildprestigious projects across the country such as the
on the leadership position in a space that we haveTamil Nadu Legislative Assembly Dome, the TCS
nurtured and pioneered over the past two decades.Signature Structure in Chennai, and the Mumbai
The broader construction space is getting highlyAirport Terminal, to name a few. The company
organised and competitive.  There is greatercurrently employs 400 employees across 6 offices in
awareness and need for new technologyIndia.