GGK Tech to open $2-mn centre in Hyderabad

Hyderabad: Defying the IT industry’s latest trend of laying off employees, CGK Tech, a city-based technology solutions provider, on Wednesday announced its plans to hire 1,000 new IT professionals this year.

The IT firm expanded its operations in the city by setting up a 1,000-seater facility NSL Arena SEZ, Uppal, where the new employees will be put up. It invested $2 million on the centre. IT and Industries Minister KT Rama Rao will inaugurate the 63,000 sq ft facility on May 12.

The company currently employs 1,000 people and has plans to take the headcount to 4,000 by the year 2020. “This new facility will enable GGK to address the needs of its growing client-base around the world and their requirement of cutting edge technology services,” Shyam Palreddy, Founder & CTO, GGK Tech.

GGK Tech, which provides next-gen IT services to its customers in US, UK, Europe & APAC, has created a niche for itself in custom application development in new and emerging technologies, advanced analytics, artificial intelligence, robotic process automation, cloud and Internet of Things.

Named among the fastest growing technology companies in India by Deloitte India for 3 consecutive years, GGK regularly hires from IITs, NITs, BITS, IIMs and other premium institutes across the country and plans to double its campus numbers this year to achieve its targets. “Our attrition rate is among the lowest at six per cent as against 20 per cent.

We delivered one lakh projects last year,” said Palreddy. On future expansions, he said the company might look for more space Waverock SEZ in Hitech City later this year. Palreddy shrugged off the restrictions on H1-B visas and said they would not have any impact on the industry. On the layoffs, he said the industry was going through a churn and large companies would eventually get adjusted to the changes.