NASDAQ-listed CDK Global, spun off from US-based ADP, is investing about $50 million (Rs 320 crore) in India this year. This includes an investment of $15 million (about Rs 100 crore) on infrastructure, with the remaining amount earmarked for operational expenditure.
The company has opened two facilities in Hyderabad and Pune with a capacity to seat 1,500 people. It, however, kicked off operations in the new facilities with 800 employees – 500 in Hyderabad and 300 in Pune. Put together, the firm has 1.60 lakh sq feet of space in the two centres.
“We are expecting to fill up the remaining capacity in the next three years,” CDK Global Chief Executive Officer Steven J Anenen has said.
The Indian centres would work on developing products for the global operations of the firm with a revenue base of $2 billion. The firm offers information technology solutions, covering the entire spectrum of business needs of automobile dealers.
Addressing a press conference here on Wednesday, he said the addressable market for the company was put at $40 billion and was likely to touch the $60-billion mark in the next few years.
Of the $ 35-million operational investment it planned in the first year, about $20-25 million would be spent in Hyderabad and $10-15 million in Pune.
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