Webel Informatics Ltd looks to surpass turnover of Rs 100 cr this fiscal

Kolkata: Webel Informatics Limited (WIL), the Education & Training arm of West Bengal Electronics Industry Development Corporation (WBEIDC) Limited has taken an ambitious growth target to cross turnover of Rs 100 crore by the end of this fiscal. WIL is projected to wipe out all its accumulated losses by the end of this financial year.

In the financial year 2016-17, WIL had paid back Rs 1 crore to WBEIDC that comes under the aegis of state Information Technology & Electronics department towards refund of the unsecured loan.

WIL is buoyed with its turnover exceeding Rs 52 crore in financial year 2016-17 from a meager turnover of Rs 50,000 in the year 1984-85, a growth more than ten thousand times. The education and training activities in the state is poised to grow further. Hence, we are hopeful of meeting our target," a senior WIL official said. It may be mentioned that in 2017-18 fiscal, WIL turnover exceeded Rs 350 crore with profit more than Rs 15 crore. This is the best ever performance by any company under Webel fold.

WIL that primarily focuses on Education and Training related activities/domains, also renders S/W (software) development & ITeS project related services to various state government departments.

WIL presently has around 140 training centres spread across the state. It imparts training to more than 20,000 candidates each year on various basic and advanced courses on IT H/W (hardware) & Networking, S/W Programs and Multimedia & Animation. Specialized project training is given to the engineering students to make them ready for professional placements on completion of graduation.

WIL has so far imparted training to more than 8,000 participants from around 35 state government departments and PSUs.

It is also imparting training on Entrepreneurship Development sponsored by state IT & E department for 20,000 candidates across the state.