ElecoSoft announces Indian Subsidiary

As part of its market expansion initiative outside Europe, ElecoSoft has announced its subsidiary in India. The first product to be introduced is Asta Powerproject (APP). It is designed to help clients plan and execute successful projects within set deadlines, optimize time management and avoid project management process discrepancies. It has been proven to save up to 40% of project cost through improved efficiencies.

The total addressable market for ElecoSoft in construction project management is over $50 million (Rs.138 crore). APP is targeted at the construction, civil engineering, public sector, facilities management verticals, as well as project management consultancies. The greatest focus is on the large market of progressive upcoming and established builders primarily based in the metro cities, who want to deliver highly competitive construction projects.

“The Indian construction sector requires effective time and work management with regard to materials, manpower and timelines. Considering this, we believe there is tremendous potential in the Indian market for ElecoSoft, given our sharp focus on innovative products for the construction sector that shorten production time and allow careful allocation of company’s time and assets,” said Praveen Rao, CEO, ElecoSoft India.

“ElecoSoft aims to be associated with similarly prominent development projects and companies in India,” Rao further added. Asta Powerproject is used on all types of projects including house building, general commercial build such as schools, offices and hospitals, as well as road and rail construction and maintenance.