Bangalore: IT Solutions Ltd today (October 30) said it has changed its name to "Caritor" in an aim to re- position itself in the fast-growing IT market and plans to invest $ 10 million in its Indian operations.

"We have taken an aggressive step towards branding our company to comprehensively differentiate ourselves in the marketplace," Caritor Global Head of Group Strategy, Marketing and Products Phani Nagarjuna told reporters.

"While our initial thrust in India was on offshore development, we are now looking at significantly increasing our marketing presence in India. To this end, we are making investments in people and infrastructure," he said.

The US-based Caritor, which has five development centres in Chennai and Bangalore, plans to open one each in both the cities and add new sales offices in metro cities in addition to the existing offices in Mumbai and Delhi.

"This will strengthen Caritor's initiatives to target large Indian corporates in the healthcare, education and retail verticals," Nagarjuna said.

The company has among its Indian clients Metro Cash and Carry, EID Parry's, TVS Motors and Sundaram Clayton.

PTI