The issue is to part finance the expansion plans including software development operations in Hyderabad and in the US to strengthen the existing portfolio of banking, ERP and e-commercee solutions, managing director N V Rama Raju said.

The company is also expanding its operations in the areas such as testing and quality assurance, developing B2B, e-commerce enabling extranet tools. It will provide services in turnkey projects, IT products, Internet/Intranet solutions and client service solutions, Raju said. According to Raju, with the end-to-end banking automation solutions, BIL will certainly consolidate its position as a leading solution provider in the banking industry. The company has already provided solutions to 60 RRBs, Gramin banks in the rural areas.

Our focus will be only on high value revenue business and banking automation is a very critical area where we could able to do a better business. Our product is fully secured and protected, Raju claimed.

We are developing solutions to cover major banks in the country also, said Raju adding that our initial focus will be on forex, asset liability management and end-to-end automated solutions. For ERP solutions we are looking at all processing industries, including chemical, food, pharma, etc.The US operations will be expanded during the middle of this month. The company's offshore operations focus on business applications, internet, e-commerce and IT consultancy services and TQA, Raju added.