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| Hero group to hive off `HeroITES` into separate entity | |
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| The group has also decided to pave way for the latter's proposed initial public offering by end-2006. The company said that Mr Sunil Kant Munjal would be actively involved in the company operations as managing director and CEO. The company is targeting an organic growth of 100 per cent for the next two years. Also, as part of the growth strategy, it plans to aggressively look for acquisitions in identified markets, sign new customers in the US and UK and double the headcount to 2,000 employees in one year. |
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| Source : myiris.com (8/4/2005) | |
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