Aveva to expand Hyderabad operations

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NEW SITE: (From left) Aveva CTO, Andrew McCloskey, India head Navtej Garewal, COO Ravi Gopinath with Dy CEO and CFO James Kidd at the new office opened on Thursday.

Hyderabad: UK-based engineering and industrial software company which operates over 10 R&D centres and 22 project centres worldwide, is expanding its operations in Hyderabad. The company which had an employee base of 450 in its Hyderabad centre is taking this headcount to 1,150 by adding both R&D and global services teams. The company which has 170 personnel in its Global Services Hub will take this number to 400.

All this expansion is expected to happen in next 18 months. The expansion of the R&D operations will make Hyderabad one of Aveva’s largest technology innovation centres, having its global R&D services delivery hub deliver solutions to customers both in India and across the globe. Close to 200 million pounds has been invested in Indian R&D in the last six years.

 

James Kidd, Deputy CEO and CFO, Aveva told Telangana Today, “We currently have operations in Hyderabad, Bengaluru, Mumbai, Delhi, Chennai and Pune. We may not look at entering into new locations in India in the short-term, but we would like to consolidate and strengthen our operations in the existing cities, particularly in Hyderabad, where we have our largest R&D and product development base.”

Sector trends
The London Stock Exchange listed 5.5 billion pounds company through its Indian operations is catering to large ticket projects in the domestic market serving clients in oil and gas, water, power, utilities, food and beverage, pharmaceuticals, engineering, infrastructure and shipbuilding besides smart cities. Indian operations contribute 5 per cent of global revenues, growing at a compounded annual growth rate of 30 per cent year-on-year. Aveva’s India operations account for 45 per cent of the global solutions delivery.

When asked which sectors will drive growth of Indian revenues going forward, Aveva chief operating officer Ravi Gopinath said, “We anticipate oil and gas will continue to contribute significantly, though it will be directly linked to increasing crude oil prices. As oil and gas market will improve globally, as it has been improving since 2016, India will see a significant momentum in the sector. The second major area will be infrastructure and smart cities as we see focused investments happening in the country. These two sectors will primarily drive growth for Aveva in India although other sectors will also contribute. India is already serving a global oil and gas company, which is incorporated in the UK.”

The company counts Reliance, BPCL, IOCL and ONGC among its domestic clients in the oil and gas sector; BHEL, Adani, NTPC, Damodar Valley Corporation in power; Naya Raipur in smart cities, Indian Navy, Hindustan Ship Yard in shipbuilding; and ITC in food and beverage sector. Aveva along with its merged partner Schneider Electric are vying for Bengaluru International Airport Limited.

Aveva is expecting to double its contribution to global revenues from 5 per cent to 10 per cent in the next five years, said Navtej Garewal, India Head, Aveva.