The city-based Magnasoft Consulting India (P) Ltd, having a current turnover of Rs.6.5 to 7 crore, hopes to achieve 100 per cent growth in the coming years with its custom-made applications using GIS systems. The company will be put on the fast growth curve by former Compaq India Managing Director Abhishek Mukherjee and former Autodesk India Managing Director S Sridhar.
Speaking to media persons here, Abhishek and Sridhar, however refused to give the details of their investments or the quantum of funding from GTV. "We got the commitment from GTV that they would meet the requirement of the company for the next 18 months."
Sridhar said the GIS/GPS-based applications are estimated to have business potential of $20 billion. These applications will have relevance in a wide variety of industries such as telecom, power, logistics, transportation, government agencies, etc.
"There is a huge potential and India could become a real power in this domain," said Bobby Kalra, the Founder-Director of Magnasoft. According to him, at present, only five per cent of the global GIS-based business comes to the Indian companies.
The company has developed systems for vehicle tracking, hospital management (covering patient monitoring), real estate management, municipal tax collection, etc.
"In today's world there is an increasing demand for exploring spatial information for effective management across enterprises in various industries. Magnasoft hopes to bridge the gap between conventional GIS information and its use for development of GIS applications for enterprise-wide migration," Abhishek said. The company had already implemented some of its applications in the US, France, UAE, Malaysia, Indonesia etc., he added.
During the past decade, our economic reality has undergone a dramatic
transformation and a fundamental shift. After years of economic expansion
fueled by unrealistic rates of consumption and unsustainable levels of
private debt, the global economy has reset at a lower baseline level of
activity. Today, people borrow less, save more, and spend with much greater
caution. This is the new normal and it will be with us for some time to
come. The issue now is how to respond!!!
At Magnasoft, we look at this phenomenon as a transformation that will
change the way we experience the world and share our experiences with
others. It's a transformation in which the barriers between technologies
will fall away so we can connect to people and information no matter where
we are. It's a transformation where new innovations will shorten the path
from inspiration to accomplishment.
Magnasoft combines the power of GIS, LiDAR, mapping, photogrammetry and
other geospatial technologies with extensive subject matter expertise to
implement powerful GIS solutions that integrate seamlessly with the IT
framework of organizations. From GIS Data capture and GIS data development,
GIS Application development, 3D laser scan data processing and modeling,
Enterprise Integration and Photogrammetry - specializing in topographical,
parcel and cadastral mapping, orthophoto generation and rectification,
aerial triangulation, contour generation etc covering the complete terrain
in GIS systems.
For years, we at Magnasoft have talked about how our services enable
companies to do more with less. But during this economic reset, we strive to
provide business leaders with the answer to a slightly different question:
Can my company do more, with less?
Magnasoft Consulting is India's Smartest GIS Services provider established
in 2000 & based out of Bangalore, India's Silicon Valley. Backed with a
State of the art Infrastructure and an highly passionate and competent team
we believe in creating a 'difference' in the world of GIS innovations. Our
focus is on providing enable you to leverage adversities in your favor &
gain definitive competitive differentials transforming your extended GIS
team into a strategic asset that makes it possible to cut costs without
crippling customer service or constraining workforce creativity and
effectiveness. Our Emphasis has always been on 'Quality' and 'Process'
enabling us to be a Great Business Partner to all our GIS Customers.
Please feel free to contact us anytime, we welcome your feedback and
inquiries regarding GIS Data capture and GIS data development, GIS
Application development, 3D laser scan data processing and modeling,
Enterprise Integration and Photogrammetry - specializing in topographical,
parcel and cadastral mapping, orthophoto generation and rectification,
aerial triangulation, contour generation etc covering the complete terrain
in GIS systems.