Security thefts are the biggest driver factor: Bharatiya Global Infomedia

ET Now: Firstly what kind of margins are you expecting that you are going to enjoy in theRFID andsmart card segment?

SK Mittal: We are quite optimistic and the future is looking very very bright as far as the deployment of RFID and smart card, which is the focus areas of our company, is concerned. Secondly let me tell you that our presence is there in some other infrastructure based project lines also, primarily into toll management system which are in the focus area for the government highway projects. Also on the major infrastructure things like parking guidance system, parking management systems because these are the common requirement of every commercial or government projects. So overall, we are very very optimistic about the future and company is like committed to have a significant growth in the future itself.

ET Now: How big is the Indian smart card market and who are your big competitors?

SK Mittal: When we talk of the RFID and the smart card combinedly, the government initiatives in the private sector also are spending heavily into the smart card and RFID's initiatives due to multiple advantages which it carries. Security thefts are the biggest driver factor in deployment of these technologies.

ET Now: How would you be utilising the proceeds of the issue?

SK Mittal: It is declared in the prospectus also like, there is a significant investment proposed in the R&D of few futurist products which company has identified. Namely we are launching our PPFA which is a token less two factor authentication which has been made mandatory byRBI of India for all the financial transactions on line into every segment. Secondly, we are also investing in R&D of certain products on3G that video based sort of a video content development.