Speaking on the occasion, N Venkatesh, CEO, DesignSpokes, said, "Our initial attempt is to offer a range of solutions spanning from CAE consulting, CAE related Software and Hardware products, product development, prototyping and value added HR solutions in the CAE domain."

DesignSpokes provides solutions to enable organizations to optimize performance using various tools and techniques that fall under the broad Umbrella of Computer Aided Engineering.

Dr. Dilip Mahanty, MD, who will be heading the Pune operations of the firm, said, "Pune was the natural choice for us to start our operations after Bangalore as it is the hub for IT and auto components and its ancillaries across the city. We expect the employee strength in our Pune office to go upto 25 by the end of this year."

On being asked if it was a good idea to start a firm in the throes of a full-scale recession, Venkatesh said, " If we can establish a relationship based on trust with our clients now, we will be part of their plans when the economy recovers, and they bounce back."