According to the company's chief executive, Durai Rajasekar, Telesis would start its foray into this sector by the "setting up of conference facilities and reporting systems" but, eventually, the aim of the company would be to specialise in "niche areas like BFSI and gas and oil verticals."

The entry into this sector is part of the three-point plan by the company outlined in its initial public offer (IPO) which it is planning for 2005 or 2006.

Rajasekar confirmed, "We have set for ourselves three conditions to justify an initial public offer (IPO). First, our products must have been delivered to 100 banks. Two, half our revenue must be recurring, meaning it would necessarily accrue to Telesis, and cannot be substituted by another product or service provider. Finally, before the IPO we would develop expertise in a vertical like gas & oil, apart from our current focus on the BFSI segment."