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Onward Technologies Limited ( (IN:ONWARDTEC) ) just unveiled an update.
Onward Technologies has announced the expansion of its operations in Chennai, India, by relocating to its largest design center in the country. This strategic move is part of the company’s effort to enhance its global delivery network, catering to the increasing demand for offshore services from clients in the USA and Europe. The Chennai center will function as an extended digital and ER&D team for clients, featuring state-of-the-art training centers and software labs. This expansion aims to double the employee capacity in Chennai to 2,000, thereby strengthening Onward Technologies’ position in the digital engineering services market.
More about Onward Technologies Limited
Onward Technologies is a software outsourcing company that specializes in digital and engineering research and development (ER&D) services. Headquartered in Mumbai, India, the company supports global original equipment manufacturers (OEMs) in enhancing their speed to market, innovation, and R&D investment returns. With over 2,500 employees across 12 offices in six countries, Onward Technologies serves industries such as Transportation, Mobility, Industrial Products, Heavy Machinery, and Healthcare.
Average Trading Volume: 12,304
Technical Sentiment Signal: Buy
Current Market Cap: 7.4B INR
For an in-depth examination of ONWARDTEC stock, go to TipRanks’ Overview page.