Mumbai:  One of China's leading IT services companies,Beyondsoft Co. Ltd. is planning to enter India's booming IT/BPO segment bythe end of the first quarter of fiscal 2007-08.

"We are planning to enter India in a very big way in the BPOand ITO (information technology outsourcing) sectors," Jonathan C.Chu,vice president, Beyondsoft, told IANS on the margins of the India LeadershipForum organized by NASSCOM (National Association of Software and ServiceCompanies) here.

Refusing to give any financial details Chusaid: "We are palnning invest several million dollars here."

The company works for global software giants such asMicrosoft, IBM, HP, SAP and Oracle in software development, testing andlocalization, and it has grown from a small firm of 100 people in 2001 to oneof China'smajor software outsourcing providers.

The $45 million group now employs 800 developers and boastsof headcount of over 1600.

"We will open our first unit by the first quarter ofthe coming fiscal. We plan to hire over 100 people in our first year ofoperation and our revenue target for the first year would be over $1 million -$2 million," Chu added.

"Indiais a very strategic market for us and we hope to grow here. The IT market hereis more sophisticated and mature whereas Chinese companies are gradually comingup," he said.